Watching CNBC’s coverage of the House Oversight and Government Reform Committee’s grilling of Hank Paulson, and I mean grilling – they are rude, abusive and down right stupid. Democrats (mostly) are grilling Paulson, the then head of the treasury, on his role in “saving the world” or more precisely, the global financial systems. What a fiasco – again. Idiots – with no knowledge of basic economics, or in favor of political scapegoats and points who want to gloss over economics, are claiming cheap points against people who a) were in the greatest pickle we are likely to know in a lifetime, that b) had no road map to read to tell them what to do, who c) had to fly by the seat of the pants in order to save the financial system.
Dan Burton (D) just asked of Paulson, “you say that your concern was to save the world, and yet we see more than 9% unemployment”. Well, what a bright spark that guy is. We have 9% (or more) and we will see more – because there is a recession that is, thankfully, NOT a depression. Please, we pay taxes to keep idiots like Burton employed. We ought to increase unemployment by one – right now. There were no obvious answers; there were no help lines to call. Was the response perfect? No. Was there any illegal action? Not that we know of.
These politicians want a scapegoat – and they are gunning for Paulson. Cheap political points.