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October 1, 2008 at 1:52 PM #279259October 1, 2008 at 2:43 PM #278958Ex-SDParticipant
Former Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 2:43 PM #279225Ex-SDParticipantFormer Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 2:43 PM #279236Ex-SDParticipantFormer Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 2:43 PM #279273Ex-SDParticipantFormer Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 2:43 PM #279284Ex-SDParticipantFormer Bush Treasury Secretary O’Neill: Bailout is “crazy”
Paul O’Neill, who served as President Bush’s first treasury secretary, today called the bailout bill headed for Senate passage “crazy,” with “unbelievably bad” consequences.From Bloomberg News:
Former U.S. Treasury Secretary Paul O’Neill said the $700 billion bank-rescue proposal under negotiation in Washington is “crazy,” with potentially “awful” consequences for the world’s largest economy.
“Doesn’t this seem like lunacy to you?” said O’Neill, who was President Bush’s first Treasury chief, from 2001 to 2002, in a telephone interview today. “The consequences of it are unbelievably bad in terms of public intrusion into the private sector.”
… “Is anybody thinking there?” asked O’Neill, who also served as deputy budget director in the Ford administration. “It’s too late, it’s not going to make any difference and it’s aggravating as hell when there’s a better idea and you can’t even get it in play,” he said, recognizing little success so far in pitching his own proposal.
O’Neill was the first Bush insider to publicly question the president’s judgment and decision-making ability. After he was fired, it was O’Neill who said, memorably, that Bush in a cabinet meeting was “like a blind man in a roomful of deaf people.”October 1, 2008 at 2:52 PM #278977AecetiaParticipantAmerican-Indian tribes have traditionally asserted a governing ethic of acting in such a way as to preserve resources for seven generations in the future. Unfortunately, this did not catch on with the white invaders who took over their country.
October 1, 2008 at 2:52 PM #279245AecetiaParticipantAmerican-Indian tribes have traditionally asserted a governing ethic of acting in such a way as to preserve resources for seven generations in the future. Unfortunately, this did not catch on with the white invaders who took over their country.
October 1, 2008 at 2:52 PM #279255AecetiaParticipantAmerican-Indian tribes have traditionally asserted a governing ethic of acting in such a way as to preserve resources for seven generations in the future. Unfortunately, this did not catch on with the white invaders who took over their country.
October 1, 2008 at 2:52 PM #279293AecetiaParticipantAmerican-Indian tribes have traditionally asserted a governing ethic of acting in such a way as to preserve resources for seven generations in the future. Unfortunately, this did not catch on with the white invaders who took over their country.
October 1, 2008 at 2:52 PM #279304AecetiaParticipantAmerican-Indian tribes have traditionally asserted a governing ethic of acting in such a way as to preserve resources for seven generations in the future. Unfortunately, this did not catch on with the white invaders who took over their country.
October 1, 2008 at 8:49 PM #279142JWM in SDParticipant“…why don’t people understand that this is not simply a situation where we can bailout the ‘bad banks’ and then all is sweetness and light …”
For exactly the same reasons they believed that house prices would appreciate forever and well beyond income levels. Take a good look around you and ask someone what their definition of inflation is and listen carefully to their answer. Then ask them about their favorite football or baseball team. See how much they know about it and how passionate they are. Alternatively, ask them about their favorite TV shows.
That is your answer…..we have grown weak and soft as a voting public. We are no longer represented in Washington. Every MF’er who voted for this bailout needs to be ousted immediately or at least voted out of office.
October 1, 2008 at 8:49 PM #279412JWM in SDParticipant“…why don’t people understand that this is not simply a situation where we can bailout the ‘bad banks’ and then all is sweetness and light …”
For exactly the same reasons they believed that house prices would appreciate forever and well beyond income levels. Take a good look around you and ask someone what their definition of inflation is and listen carefully to their answer. Then ask them about their favorite football or baseball team. See how much they know about it and how passionate they are. Alternatively, ask them about their favorite TV shows.
That is your answer…..we have grown weak and soft as a voting public. We are no longer represented in Washington. Every MF’er who voted for this bailout needs to be ousted immediately or at least voted out of office.
October 1, 2008 at 8:49 PM #279420JWM in SDParticipant“…why don’t people understand that this is not simply a situation where we can bailout the ‘bad banks’ and then all is sweetness and light …”
For exactly the same reasons they believed that house prices would appreciate forever and well beyond income levels. Take a good look around you and ask someone what their definition of inflation is and listen carefully to their answer. Then ask them about their favorite football or baseball team. See how much they know about it and how passionate they are. Alternatively, ask them about their favorite TV shows.
That is your answer…..we have grown weak and soft as a voting public. We are no longer represented in Washington. Every MF’er who voted for this bailout needs to be ousted immediately or at least voted out of office.
October 1, 2008 at 8:49 PM #279458JWM in SDParticipant“…why don’t people understand that this is not simply a situation where we can bailout the ‘bad banks’ and then all is sweetness and light …”
For exactly the same reasons they believed that house prices would appreciate forever and well beyond income levels. Take a good look around you and ask someone what their definition of inflation is and listen carefully to their answer. Then ask them about their favorite football or baseball team. See how much they know about it and how passionate they are. Alternatively, ask them about their favorite TV shows.
That is your answer…..we have grown weak and soft as a voting public. We are no longer represented in Washington. Every MF’er who voted for this bailout needs to be ousted immediately or at least voted out of office.
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