American economist and Princeton professor, Alan Blinder, calls for Paulson to be fired

[sabra]

http://www.swamppolitics.com/news/politics/blog/2008/09/bailout_plan_bashed_as_anticon.html

<snip>

On the Diane Rheem Show on public radio this morning, Alan Blinder, former Federal Reserve vice chair and normally a mild-mannered, live-and-let-live Princeton University economics professor, said Paulson should be fired for his proposal.

Here's Blinder from the program:

"I'm speaking now as one of the earliest advocates of creating an institution like this, many, many months ago. And it's a crying shame to see the way the Treasury has written this. I think the secretary of the Treasury should be dismissed, frankly. ... Asking for the authority to buy anything, with no review, with no court review, with no limits practically as to quantity or scope, with almost no congressional oversight. We have something more precious at stake than our precious financial system and that's our precious Constitution. And frankly, if I were a member of Congress, having advocated for this for nine or ten months, I would vote against this unless it's changed, dramatically..."

[seemslikeadream]

1. Now there's change I can believe in

[HCE SuiGeneris]

2. K n R

[natrat]

3. watch that fucking scumbag pelosi support this

[malaise]

4. Bravo Alan Blinder

Asking for the authority to buy anything, with no review, with no court review, with no limits practically as to quantity or scope, with almost no congressional oversight. We have something more precious at stake than our precious financial system and that's our precious Constitution.



Tell them: Just Say No!

[unblock]

5. except that the no oversight thing probably wasn't his idea

that part of it smells a lot more like bush/cheney than anyone else.

i.e., of course they won't fire him for doing exactly what they asked him to do!

[barbtries]

6. i love this man

put it out there. gawd i'm such a lemming. i know over the weekend i have wished paulson would just get slapped down, but after hearing that even obama said he might keep him ON as treas. sec after the election i didn't think his dismissal would be on anybody's list. and it appears this person has cred. i hope the cry goes throughout the land.

paulson played it wrong. too much secrecy, too much doom and gloom, and way too far-reaching on the power-grab front.