The attack failed because Paulson is the former Goldman Sachs CEO who was Bush 43's last Treasury secretary -- the man refused to save Lehman Brothers, and then panicked with the $700 billion TARP, which saved Goldman Sachs and others. Paulson wrecked the economy in the process.
I can’t help but wonder what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise and careful analysis were critical. The only reason we avoided another Great Depression was because Republicans and Democrats joined together to vote for the Troubled Asset Relief Program — a vote that they knew would be politically unpopular but in the best interest of our country. Critical to that effort was the leadership of President George W. Bush. As I led Treasury’s efforts to fashion a difficult, imperfect, controversial but essential solution with bipartisan support, I was — and still am — grateful to have had President Bush at the helm.
Today’s challenges include economic stagnation and disruptions in the labor markets — driven to a large extent by technological advances moving at warp speed — that are widening income disparity, destroying jobs and hollowing out the middle class. And populists on each side are playing to fears and frustrations, pointing fingers at scapegoats and creating boogeymen: blaming the banks, greedy companies or foreigners for our problems. But the politics of grievance is not the answer.Paulson represents crony capitalism at its worst.
He rid himself of a competitor (Lehman Brothers) helped himself to a bailout (Goldman Sachs) and created the worst economic downturn in 76 years. He should be in prison. Instead he has a tax-exempt foundation.
Paulson's plan for America is hilariously hypocritical, beginning with "First, we need to maintain the United States’ fiscal strength by reforming entitlements. There’s no example of a nation continuing as a great power if its fiscal strength is lost."
This is a man who entitled his company to billions of welfare and added $700 billion to the national debt in one afternoon.
Paulson said he will vote for Hillary.
Goldman Sachs owns her.
Not Trump. Why do you think they call it Never Trump? He cannot be bought.
The Republican Party is better off without crooks like Paulson in its fold.
On Sale on July 1 -- "Trump the Press: Don Surber's take on how the pundits blew the 2016 Republican race."