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Hank Paulson, Naked Emperor

by Michelle Malkin

Treasury Secretary Hank Paulson finally confirmed what lonely bailout opponents tried to tell the American public all along: The man doesn't know what the hell he's doing.

Paulson held a bazooka to taxpayers' heads. He groveled on his knees in front of Democratic House Speaker Nancy Pelosi. He lured leaders from both political parties into linking arms in a panicked Chicken Little line dance for the beleaguered mortgage industry. Paulson demanded an unprecedented $700 billion Troubled ...

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Posted by: Masako
Comment: #1
Sat Nov 15, 2008 10:35 AM

True, true, true, Mr. Sweeney. Even Malkin's frozen clock is going to get lucky once in awhile, to the extent anyone bothers to look at it. Now all she needs to do is meditate a little (I won't say "think" for obvious reasons) on the political forces that landed poor Paulson and his bosses where they are. It's nice to take a head once in awhile, as the ancient Japanese Samurai would say, but many many more need to be lopped off. Too bad we can't fire the stopped clocks of the commentariat as well.

Posted by: James A, Sweeney
Comment: #2
Sat Nov 15, 2008 6:09 AM

Ma'am;... Don't look now, but your stopped clock has finally agreed with reality... Mr. Paulson doesn't know what he is doing; and neither did Mr. Greenspan... They all get hooked on the ideal of capitalism, and none of them can see the reality... If their path to work brought them through one house a day where the family has been beat up and spit out by capitalism they might put their free market ideals on a shelf for good... There have been economic bubbles ruining people since the seventeen hundreds... If they did not know the housing market, and in fact, our whole economy was full of air that is because they cannot read a balance sheet... If you want to learn about capitalism read a couple of chapters of Das Capital. ..I know it is a big book and big books scare some people, but it is front loaded wit economy, and back loaded with history, and history you will not get from any other source .. There is nothing that has surprised me in what has went on...I can't tell you when a particular event is going to happen, but I will tell you what will happen, and what is inevitable... The reason there have been very rich people who began by learning about capitalism from Marx, is because the guy understood what processes were at work... The new models may work short term, but Marx could see what happens every single day... Don't think Marx didn't see populations diminished, and degraded by capital... He saw capital control the government and command its thought...He saw it as international, and starving whole populations to death... But he also saw capital as a relation... I might say, instead, that it is a form of relationship... But if, as a form, it were a marriage instead of an economy, I would recommend divorce...If a relationship does not work for both sides, it does not work... Even slaves had to live, but what was all but certain for slaves, that they could reproduce their slavery cannot be said for us... Many of us cannot afford children, and just as in England in the 19th century, people go into service jobs and can never get enough ahead to successfully reproduce... Instead, illegals are imported to replace a dwindling population...Every capitalist society needs productive jobs, exports, foreign markets, and a strong domestic market based upon fair wages for productive work... Our capitalist class, in a bid with Europe for world domination suckered all the wealth and capital out of this land and exported production to other lands -which is an invitation to world depression so soon as the markets are saturated, and profits are maximized.... How is anyone going to correct this economy??? It was ninty percent air, except for all the cash people lost trying to buy that air... The money went some where??? Did we eat the seed corn??? I mean, if we cannot shake our wealth out of the pockets of the rich, we will have to reform the whole system to set everything back to zero, that is, change the money, and change the tax structure to limit individual wealth, change the government, and change the laws... It is their system, and their government... If they can't figure out how it works, the people will have to tell them that it does not work...As long as it works for them, and makes them rich, they have no reason to look at all the ways it fails humanity....Thanks...Sweeney

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