Showing posts with label Hank Paulson. Show all posts
Showing posts with label Hank Paulson. Show all posts

Thursday, August 8, 2019

Hank Paulson, who championed the crackpot TARP as Treasury Secretary under Bush 43, is a Christian Scientist

From the story:

But the reality of the existential crisis remained elusive to church officials. In 2005, Nathan Talbot and J Thomas Black, longtime church leaders who had promoted recklessly irresponsible policies encouraging the medical neglect of children, endorsed ambitious plans for raising the dead. Black argued that Eddy wanted to keep alive the possibility of defeating mortality, saying, “What would set us apart as a denomination more than raising the dead?” What indeed? Black himself has had ample opportunity to demonstrate it: he died in December 2011, and hasn’t been seen since. ...
 
So did the softening of some Christian Science attitudes suggest that the church was undergoing a genuine change of heart? Or were they trying to save their jobs, their pride and the institution? At that time, officials were grasping at relationships with ecumenical groups and New Age alternative healers – anything to boost membership. Shirley Paulson, for example, sister-in-law of former US treasury secretary Hank Paulson (also a Christian Scientist, taught by Nathan Talbot), contributed to a series of summit meetings – known as “Church Alive” – which sought to jazz up services with ideas fresh from the 1950s: reading from recent translations of the Bible (more recent than the King James version, that is), singing hymns a cappella, and urging Sunday School students to rap their narcotic weekly “Lesson Sermons”.

Thursday, March 22, 2012

Romney Again Defends TARP, Says Bush, Not Obama, Prevented Depression

Romney's complete and utter nonsense from yesterday, quoted here:

"There was a fear that the whole economic system of America would collapse -- that all of our banks, or virtually all, would go out of business."

"In that circumstance, President Bush and Hank Paulson said we've got to do something to show we're not going to let the whole system go out of business. I think they were right. I know some people disagree with me. I think they were right to do that."

"I keep hearing the president say that he's responsible for keeping America from going into a Great Depression."

"No, no, no. That was President George W. Bush and Hank Paulson that stepped in and kept that from happening."

Never mind the stock market nose-dived after TARP was passed, millions more lost their jobs, housing went into the toilet and stayed there, and 2008-2009 were back-to-back years of GDP declines. A small depression, but a depression nonetheless.

And never mind that George W. Bush himself characterized his own actions as abandoning free market principles in order to save the free market system. As senators, both John McCain and Barack Obama voted for the measures Bush signed.

This was liberalism in action, not conservatism. And Romney the corporate raider is just fine with it, as are over 4 million Republican primary voters to date.

But over 6 million Republican primary voters to date disagree, voting for Santorum, Gingrich, and Ron Paul. Still others have voted for candidates not named Romney who have dropped out of the race.

Romney seems bound and determined to subdue the base of the Republican Party, as John McCain before him.

Therefore he will lose to Barack Obama.