"F. George McDuffee" wrote in message
...
On Sun, 10 May 2009 20:48:09 -0700, "John R. Carroll"
wrote:
snip
I think this is one of the big differences between Bush/Paulson and
Obama/Geithner. The latter intends to be deliberate and pragmatic.
The former was just putting out fires willy nilly, or trying to anyway. It
was terrible to have all this come to a head in an election year.
snip
It came at exactly the right time. I only wish that all these
crisis would arise just before elections.

Do you think President McCain and Secretary of the Treasury Gramm
would be doing any better?

McCain/Palin wouldn't have beaten Obama/Biden regardless George.
Presidential politics had a big influence on what Paulson did.
I wouldn't be surprised to learn that Paulson pulled the trigger at a time
of his choosing specifically to prevent McCain from prevailing.
I wear a belt even when I've got my suspenders on.
He certainly knew what the Lehman failure would do and Bernanke could have
prevented that from happening.

JC