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Tuesday, May 30, 2006

 

Meet Henry M. Paulson Jr of the Reality Based Community

Mark my words, President Bush’s new nominee for Treasury Secretary, Goldman Sachs Chairman Henry M. Paulson Jr. will not last 12 months. The big problem: he seems to live in the reality based community. You don't have to read between the lines of this Think Progress post to know that this guy is going to be a bad fit.


Treasury Secretary Nominee Says Failure To Ratify Kyoto Undermines U.S. Competitiveness

President Bush’s new nominee for Treasury Secretary, Goldman Sachs Chairman Henry M. Paulson Jr., not only endorses the Kyoto Protocol to limit greenhouse emissions, but argues that the United States’ failure to enact Kyoto undermines the competitiveness of U.S. companies. Here’s a statement from the Nature Conservatory, where Paulson serves as chairman of the board:

The Kyoto Protocol is a key first step to help slow the onslaught of global warming and benefit conservation efforts…Until the United States passes its own limits on global warming emissions, innovative companies based here will lose out on opportunities to sell reduced emission credits to companies complying with the Kyoto Protocol overseas. Additionally, without enacting our own emission limits, U.S. companies will lose ground to their competitors in Europe, Canada, Japan, and other countries participating in the Protocol who are developing clean technologies.

Goldman Sachs, under Paulson’s leadership, argued that the danger from global warming is imminent and requires “urgent” action by government to reduce emissions:

[C]limate change is one of the most significant environmental challenges of the 21st century and is linked to other important issues such as economic growth and development…

Comments:
Only 6 and half years in and Bush figured out that he needs to hire grown ups.
 
Outgoing Treasury Secretary John Snow reportedly plans to spend more time with his grandchildren. In related news, the Snow grandchildren have fled the country and could not be reached for comment.
 
Actually he started out with a grown-up in Treasury but that didn't work out.
 
It was the grown up Alan Greenspan who encouraged people to get adjustable rate mortgages when the housing boom started to bust.

From ABC News:

RealtyTrac, an industry organization that maintains a nationwide database of foreclosures, says mortgage defaults between January and March of this year numbered 323,102 compared with 188,122 during the same period last year -- an increase of 72 percent.


Thanks Greenie !
 
Snow was formerly head of CSX...

Snow authorized the CSX-Dubai-port-and-other USA infrastructure sell-offs.....lovely fellow that Snow, won't be missed.
 
Greets to the webmaster of this wonderful site. Keep working. Thank you.
»
 
Greets to the webmaster of this wonderful site. Keep working. Thank you.
»
 
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