Oklahoma Senator Jim Inhofe Calls Out Hank Paulson
More and more people, including Congressmen and Senators, are starting to see Treasury Secretary Hank Paulson for the what’s-good-for-Goldman Sachs-is-good-for-America stooge he is, in my opinion.
Senator Jim Inhofe (R-Ok) is the latest to call Paulson out:
U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the bailout of the nation’s financial system and should take back what is left of the $700 billion “blank check” it gave the Bush administration.
“It is just outrageous that the American people don’t know that Congress doesn’t know how much money he (Treasury Secretary Henry Paulson) has given away to anyone,” the Oklahoma Republican told the Tulsa World.
“It could be to his friends. It could be to anybody else. We don’t know. There is no way of knowing.”
Inhofe’s comments, unusually pointed even for a senator known for being blunt, come on the heels of Paulson’s shift in how he thinks the bailout funds should be spent.
Last week the Treasury secretary announced he was abandoning his plan to free up the nation’s credit system by buying up toxic assets from troubled financial institutions. Instead, Paulson wants to take a more direct action on the consumer credit front.
“He was able to get this authority from Congress predicated on what he was going to do, and then he didn’t do it,” Inhofe said.
“So, that’s enough reason right there.”
Michelle Malkin has a great article summarizing the absurdity that is Hank Paulson as Treasury Secretary.
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Comments
Jason:
I couldn’t agree more. Congress, save a handful of Senators and Congressmen, was fully complicit in this bailout.
This just furthers the notion that we have virtually no representation. A solid majority of Americans were against the bailout and what did Congress and the President do? They forced and fear-mongered their way to getting it passed.
In other words, they gave us the finger. It’s as blunt as that.
What do we really expect? Congress gave Paulson authority the authority to do as he decides is important. Congress has failed us again just like they did during the run up to war. As usual they are PASSING THE BUCK.
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