Where's W?
Constitutionally, George W. Bush is still President of the United States, at least as far as I know. Where is he? Is he off with Cheney hiding in that undisclosed location? His Treasury Secretary just nationalized one of the biggest insurers in the country, and Bush is nowhere to be seen.
I have no idea whether Paulson's $85 billion bailout of AIG is a good idea or a bad idea; I suspect it's merely the least painful of several bad ideas. There are no easy or good solutions at this point; maybe something could have been done 4-5 years ago to mitigate this meltdown, but those things weren't going to happen under a Republican administration. They probably wouldn't have happened even under a Democratic administration, but at least it wouldn't have been going against holy writ.
But Bush has not stood in front of reporters or anyone else to discuss his administration's actions. Extraordinary.


0 Comments:
Post a Comment
<< Home