Still A Train Wreck
By Carol Devine-Molin
September 29, 2008
Page 2 of 2
It's also worth noting that Paulson is a consummate Wall Street insider, having been the chief executive at Goldman Sachs. Certainly, Americans are thinking that cronyism has, in part, spurred this bailout, and they're not feeling kindly toward Wall Street that's eager to glom onto what's essentially corporate welfare. Sure, the bureaucrats will try to recoup some monies from these subprime mortgages, but whether they succeed or not remains to be seen.
For me, the current situation is somewhat reminiscent of the hoopla surrounding the comprehensive immigration reform bill [AKA the "Amnesty Bill"], when President Bush put forth a palpably Left-leaning stance on the subject matter that he's maintained to this day. That being said, it would have been better if the president had consulted with conservative ideologue Newt Gingrich or The Heritage Foundation on our economic plight before going public with any type of remedial plan. As Gingrich notes, "They [the politicians and the Wall Street types] broke it, you bought it." The American public is now mind-numbed and disgusted by all that's transpired, and the mantra of "transparency, accountability and oversight" of the bailout process sounds like the empty blah-blah-blah of the politicos.
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Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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