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Hank Paulson's Day Off

Ben Stein on Hank Paulson:

Mr. Paulson is the worst Treasury secretary that has ever been. On one hand he's a contemptuous rich schmuck, on the other hand he's socializing American finance. Everything he touches he does wrong. He was the worst possible choice and really a disgrace to the office. This whole thing, the day he decided not to rescue Lehman Brothers, I don't know why he didn't, but it was a blunder on an enormous scale. Paulson is not taking anywhere near the beating he deserves. He deserves a beheading.

"The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone?

"Paulson? … Paulson? … Paulson?"

Posted by Rodger on November 7, 2008 at 12:03 AM | Permalink


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