Henry Paulson’s $700B Bailout Not Designed For Auto Industry

Sometimes you hear something repeated as a talking point that’s so obvious you wonder why they bother. Here’s Treasury Secretary Henry Paulson’s carefully designed $700 billion Wall Street bailout that later was only slightly elaborated in a three page proposal to congress:

Back Of The Napkin

Clearly there’s no room for “auto industry” in the plan.

Comments 2

  1. Robert Jones wrote:

    Dear Readers-

    Not a blank check anyway. we have to know who is getting the cash and for what use. why they have a deadline of outlines for viewing.

    Robert Jones

    Posted 23 Nov 2008 at 5:35 pm
  2. Robert Jones wrote:

    Dear readers-

    Here’s my question of the week? Obama want to start “public works programs” fast once in office. The debt is now in the trillions. How much more stress on can we put on the economy and how is he going to pay for this? Someone tell Obama don’t try to be F.D.R. your not in his league!

    -Robert Jones

    Posted 25 Nov 2008 at 8:39 am

Post a Comment

Your email is never published nor shared. Required fields are marked *