Comments on: Paulson’s Bad Aig Deal

By: barker13

barker13 — Sat, 21 Mar 2009 13:06:31 +0000

re: Sinz54; 1:35 pm — Sinz… I hate disingenuous people – I truly hope you’re not one of them. No one ever said, nor inferred, that TARP was the “brainchild” of Pelosi – or Reid for that matter. And yes, I’m well aware that TARP was Paulson’s plan. But, Sinz, that doesn’t change nor distract from my point: This is not and was not a dictatorship of Paulson (or Bernanke). The “buck” stops at three desks to one extent or another in our republic – the sitting President’s desk, the sitting House Speaker’s, and the sitting Senate Majority Leader’s desk. Down the road I suppose the buck may one day rest upon the desks of five of the nine members of the Supreme Court, but for the purposes of this discussion, it’s not upon the “ADVICE GIVING” component (i.e. Paulson, Bernanke, et al) that applause or blame falls, but rather, it’s upon the shoulders of our democratically elected political leadership which duly PASSED/SIGNED the legislation into law. Surely you understand this. So… what started with BUSH/PELOSI/REID continues – at a multiplied pace and scope – under OBAMA/PELOSI/REID. Hmm… bottom line… let’s call our screenplay “Three Left Wing Democrats and a Rino.” (*SMIRK*) To reiterate… no one is saying Bush avoids his share of the blame; just the opposite – it was Bush who first took us down this path… WITH the full cooperation of Pelosi, Reid, and the Democrats. (*SHRUG*) Any other questions or comments, Sinz? BILL

By: sinz54

sinz54 — Fri, 20 Mar 2009 17:35:45 +0000

Barker13: TARP was the brainchild of Paulson, and okayed by Bush. It wasn’t Pelosi’s idea, it was Paulson’s idea.

By: barker13

barker13 — Fri, 20 Mar 2009 15:23:15 +0000

“You can’t really blame the AIG stuff on the Democrats.” (*SNORT*) You can’t…??? Hmm… someone help me out here… WHICH PARTY has had absolute control of BOTH Houses of Congress (for all intents and purposes) since January 2007? Next: Which Party has not only had control of both Houses of Congress since January 2007, but control of the Executive Branch (aka: The Presidency) since January 20th of this year? The author has GOT to be kidding…!!! BILL

By: krove

krove — Fri, 20 Mar 2009 13:59:57 +0000

Thank you for a rare spot of realism in a sea of ideological rhetoric. Really good to see here well done. Both sides deserve blame in the AIG mess. I think the white house was right to correct the bill and allow the bonus’s where there was a long standing contract. The government should follow the law as it stands, they just cannot ignore what is in place. I don’t agree with the 90% tax that has been applied to these payments either. That is retroactive change in tax policy to effect a small number of people. In effect the same thing cancelling a payment of a legal contract.

By: Bulldoglover100

Bulldoglover100 — Fri, 20 Mar 2009 12:42:53 +0000

This article is spot on……but will the rabble rousers listen? No….they will continue to beat this horse until more Indepenents and Republicans leave our party when they find out, ONCE AGAIN, that our party lies like a dog.Paulson knew what he was doing and he also knew he would not be around to catch the blame….Republican brand is starting to stand for ALWAYS Party over Best Interesxt of this Country…..I just saw where the Wack Job from Wasillla just refused over half of the stimulis money for her state that is in dire straights…..all so she can run in 2012. It sickens me.

By: gblittle

gblittle — Fri, 20 Mar 2009 08:32:20 +0000

Yes Paulson is to blame but how can you let Democrats and even Republicans off the hook. Remember that Paulson’s plan was originally three pages long and by the time the House and Senate got done with the document it grew to over 1,000 pages. One would think that in adding all the extra pages, especially since most of these guys have legal backgrounds, every loop hole would have been covered. Well we find out they we not and even loop holes added. I also doubt that anyone even read the completed document either. It’s so nice to hear our leaders grandstand on how evil, immoral and corrupt Wall Street and big corporations are. It’s time these same leaders look in the mirror. If anyone should be fired and taxed at 90 percent because of failure it should be our elected officials starting with Dodd, Franks, Pelosi and Reid. Right now I’m looking forward to the 2010 elections. If the voters don’t fired them then we have no room to complain ever again.