henry paulson - Page 6 of 6

McCain’s Prescription: Set Up Health Care Like Banking Industry

Staff / Truthdig Sep 20, 2008 Whoops! As New York Times columnist Paul Krugman pointed out Friday, presidential nominees Barack Obama and John McCain both have articles in the latest edition of Contingencies magazine about how they would reform America's health care industry. In light of certain recent events in the banking world, McCain may want to reconsider his position. Dig deeper ( 1 Min. Read )

McCain Calls for End to Big Business Bailouts

Staff / Truthdig Sep 20, 2008 And now, this latest dispatch from the U.S. Department of Unintentional Irony: Sen. John McCain spoke out against the Federal Reserve's recent bids to give life support (read: gigantic amounts of money) to failing financial institutions. Isn't he the same guy who has looked to Phil Gramm for economic advice? Dig deeper ( 1 Min. Read )

Paulson Bailout Plan Could Reach $1 Trillion

Staff / Truthdig Sep 19, 2008 If you thought the Iraq war was expensive, the Bush administration is also throwing an estimated $1-trillion bailout of major finance firms to prevent a meltdown of the U.S. economy. President Bush and Treasury Secretary Henry Paulson outlined such a "bold approach" Friday morning, yet detailed plans still remain forthcoming. Dig deeper ( 1 Min. Read )

Markets Brace for More Turbulence After Monday’s Drops

Staff / Truthdig Sep 16, 2008 President Bush and Treasury Secretary Henry M. Paulson Jr. attempted to head off mounting market woes and investor freak-outs at the pass on Monday as Wall Street suffered its worst losses since right after the Sept. 11, 2001, terrorist attacks. Dig deeper ( 1 Min. Read )

Candidates Debate Economy as Banks Fail

Staff / Truthdig Sep 15, 2008 While John McCain took heat for reasserting that "the fundamentals of the economy are strong," two of the five biggest American investment banks folded on Monday Bank of America bought out troubled Merrill Lynch while Lehman Brothers declared bankruptcy Update: Another big one stumbles. Dig deeper ( 1 Min. Read )

Unemployment at a Four-Year High

Staff / Truthdig Aug 1, 2008 A government report released Friday signals worsening economic tides as the U.S. tries to navigate through its highest level of unemployment in four years. The seven-month-long trend of net job losses is likely to persist, with few signs of a turnaround on the horizon. Dig deeper ( 1 Min. Read )

The Secretarys New Clothes

Staff / Truthdig Apr 1, 2008 Treasury Secretary Henry Paulson has announced what the media are calling a "massive overhaul" of America's regulatory agencies, but columnist and liberal economist Paul Krugman isn't impressed. Krugman doesn't think the administration's cosmetic solutions will mitigate our current economic crisis or prevent the next one. Dig deeper ( 1 Min. Read )

House, Bush Cut Stimulus Deal

Staff / Truthdig Jan 25, 2008 House Democrats, Republicans and President Bush have tentatively agreed on the broad outlines of a $150-billion stimulus package. Most of that money will come in the form of payouts ranging between $300 and $1,200 for individuals and households. Dig deeper ( 1 Min. Read )

Uncompassionate Conservative

E.J. Dionne Jr. / Truthdig Feb 9, 2007 The president's proposed cuts in children's health insurance are so shameful that even Bush's treasury secretary appeared to distance himself from them. Dig deeper ( 3 Min. Read )

New Treasury Secretary Channels Paul Krugman

Staff / Truthdig Aug 2, 2006 Bush's new secretary of the Treasury, former Goldman Sachs CEO Henry Paulson, said in his first public remarks since taking office that he recognized the economy was not benefitting all Americans That's quite an understatement -- as Paul Krugman made abundantly clear in a 2002 N Times Magazine essay -- but for a Bush appointee, it was a hell of an admission . Dig deeper ( 1 Min. Read )

Goldman Sachs CEO Nominated as Treasury Secretary

Staff / Truthdig May 30, 2006 Finally, after months of hanging in the pink slip rumor mill, John Snow can move on. The White House has named Henry M. Paulson as the newest Treasury secretary; here's what we know according to the Washington Post and NYT: He was reluctant to accept the job. He worked in the Pentagon as a young man. He "has been a Goldman Sachs executive since 1974, pulling down a compensation package in 2005 of $37 million." He is "a birdwatcher who can often be found in Central Park with his binoculars." Thank you mainstream media for your thorough profile of this very important man. Dig deeper ( 1 Min. Read )