Can we trust Paulson?

Yesterday, Henri Paulson and Ben Bernanke weren’t able to convince congress to free the $700 billion they said they needed to bail out their Wall Street buddies. I’m sure most congressmen received heaps of angry emails telling them to study the proposal, amend it before they even sign off on it. At this point, no progress has been made it now looks to me as if Paulson-Bush cried “fire!” inside the theatre and bullied congress to give them all the money with no strings attached (by now a pattern with Mr. Bush.) Some financial experts even say that the situation should cure itself out without any Federal bail out, either through Federal Government loans or third-party buy outs. It’s now clear to me that Hank Paulson, after is long Goldman-Sachs tenure and contributing to today’s set of problems, is acting like the fox in charge of fixing the chicken coop, showing an obvious conflict of interest only re-enforced by his angry body language and lack of flexibility during these congressional hearings. Further, no one is able to explain if that “rescue package” will even work or if it will suffice. I’d say that if we don’t even know it, we ought to stay put, do nothing and watch. I also believe that the democrats are now holding the key to winning big in November through this latest crisis that stands as evidence that Bush was our very worst president in history. No, I don’t trust Hank Paulson.