Editorial on the news of the Day and Review of the Gridlock around the world.

Wednesday, October 01, 2008

Treasury Secretary Paulson – The Wrong Man to Save Us

WASHINGTON - SEPTEMBER 19:  A statue of the fi...

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Today I'm watching the news, and I've been paying attention to just how much a success Congress may have as it attempts to pass this new bailout package.  This time, the bailout is going to be reviewed and and possibly approved by the Senate after the House failed to approve it just a couple of days ago.  I personally have very little confidence in Secretary of Treasury, Paulson and his material handling ability to manage this financial crisis, and especially to manage $700 billion of taxpayers money.  So from that perspective, I'm not terribly impressed with the bailout nor with Congress if they continue to attempt to work from a framework provided to them by Sec. of Treasury Paulson, he is the wrong person for the job and I think he needs to be replaced.

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