Quotes of the Day: Hank Paulson Edition

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From Newsweek’s summary of Hank Paulson’s upcoming memoir, which recounts his days running the Treasury Department during the great financial meltdown of 2008:

Paulson delivers a continual and biting critique of Republicans….Kentucky Sen. Jim Bunning is a “cantankerous conservative” (page 275). Meetings with Senate Republicans were “a complete waste of time for us, when time was more precious than anything” (page 275). Ideas that Republicans do add are “unformed,” like Virginia Rep. Eric Cantor’s plan to replace TARP with an insurance program. In a rare moment of sarcasm, Paulson goes off on the minority Whip: “I got a better idea. I’m going to go with Eric Cantor’s insurance program. That’s the idea to save the day” (page 285).

This is no surprise. In his Vanity Fair interview last year, Paulson had glowing comments about Barney Frank, Nancy Pelosi, and Tim Geithner, but about his fellow Republicans he was considerably less charitable. Basically, he says they were preening, ignorant, ideologues. Imagine that.


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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

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