Paulson on Meet the Press talking about the bailout

[ticapnews]

Brokaw: If you were in your old job and you took this deal to the board at Goldman Sachs they'd laugh you out of the room.
Paulson: I don't look at it that way, Tom. (Insert doom and gloom here)

Nugget #2: Pass the bailout plan now, as is, and we'll talk about the possibility of new regulations later.
Sure you will.

[ticapnews]

1. Richard Shelby quote: Congress is not going to rubber stamp

I believe the Fed chairman and the Treasury Secretary have been jumping from crisis to crisis like putting out a brush fire rather than have some comprehensive plan"

Brokaw: Don't taxpayers deserve more details than they are getting?
Paulson: There are a lot of questions. This is an urgent matter and needs to be addressed quickly. We can't determine the cost today. Whatever it is, it will be better than the alternative.

He has used the phrase "credit markets were frozen" far too often.

[jazzjunkysue]

2. Paulson should be jailed. If he doesn't know how we got here, who does?

[cali]

3. he's just vile. I'm watching him with Snuffy

and he's scary.

[jazzjunkysue]

4. He's tipped his hand: When you say the host's name repeatedly

and you keep saying "to protect the american taxpayer" it's obvious you're lying.

[malaise]

5. GENBC is a joke

They don't want an objective discussion or Naomi Klein would be on the program.

[ticapnews]

6. Are the fundamentals of the economy strong or are they staggering?

Paulson: I wouldn't bet against the American people. He basically mimics the bullshit McCain spewed on Scarborough on Tuesday
Pandering and dodging. That's not what he was asked.

Brokaw: Why not new regulations?
Paulson: It's not do-able to have new regulations immediately. What is happening now is inexcusable and we need to deal with it - but that will take some time.
But spending taxpayer dollars we can do right now!

[ticapnews]

7. Paulson: It would have been unthinkable for AIG to declare bankruptcy

We avoided a real catastrophe in our economy. AIG is so inter-connected that it touched Money Market Funds, individual savings... Something like this should never have happened.
Then we need regulation to prevent that from happening!

Paulson: It pains me to put the taxpayer in this situation.
Sure it does. Just as it pained Cheney and Rice to send soldiers to Iraq :nuke: