Paulson For President

24/7 Wall Street:

In 1968, there was a sad little man on the popular TV show "Laugh In" who ran for president. His name was Pat Paulsen. He probably did not get any votes.

Whatever he policies are on Iraq, universal health, and the war on drugs, Henry Paulson, current Secretary of the Treasury, is as close to a president as the US has. George Bush spends most of his time overseas or cutting brush at his ranch. Paulson is dealing with the most immediate problem, and the most serious, the disintegrating economy. Since it may be the most pressing crisis to hit the US in thirty years, Paulson is at the wheel of events which could put the US into an economic and social catastrophe for several years.

So far, Paulson has done a better job than most could have expected. With his sidekick, Ben Bernanke of the Fed, he has not allowed a single major financial institution to fail. While the stock market has dropped some, it has not hit a tail-spin which could take it down several thousand points over a few brief weeks. His solutions to the mortgage crisis may not work, but they have a sound underpinning in logic.

Read the whole story: 24/7 Wall Street

Comments

[dadw5boys]

THE LOGIC BEING THAT GAMBLERS ON WALL STREET SHOULD BE PROTECTED!!

THE FEDERAL RESERVE AND THE U.S. TREASURY HAVE ALLOWED COMPANIES TO ISSUE SO MUCH DEBT IT CAN BANKRUPT THE USA????????

HOW IS THAT SOUND LOGIC?????

What compentent Federal Officals would allow any business to become so deep in debt they could THREATEN THE ENTIRE NATIONS ECONOMY??

[olephart]

"His solutions to the mortgage crisis may not work, but they have a sound underpinning in logic."

I thought this was a joke and the last sentence proved it. Unfortunately, it's about as funny as an ashtray in a lung cancer ward.

[LeftLeaner]

It's not April 1st yet.

[funkalicious]

Yeah laugh in Sock it to me !

This guy pimped bad loans, he knew they were bad loans profited by the knowledge that he was ripping people off.

Now as the treasury secretary he is forcing the citizens to pay off all of the people he ripped off with the added benefit of paying his cronies huge bonuses.

That sounds presidential !

[LivingStardust]

Worst idea since Bush/Cheney.

[GerryS]

No Way, EVERY REPUBLICAN OUT! Our economic problems are rooted in their POLICIES!!!!!

[justjohn]

Pat Paulsen was more associated with the Smothers Brothers show than he was with Laugh In.

[steidler]

Wrong show. Pat Paulson ran for President on "The Smothers Brothers Comedy Hour." "Laugh-In" did, I believe, have a faux presidential candidate in announcer Gary Owens.

Back in my day ...

[javaman]

oh good god, I know this is a total bullshit article, but imagining paulson as prez, is like imagining greenspan guiltless of our current economic problems. paulson is as much to blame.

[WIpatriot]

Paulson for president! He may or may not work!

Great sloganeering.