Patty Dineen

The view from here

Henry Paulson’s “I’m doing a heckuva job” column

As an ordinary citizen following – as best as I can – the country’s financial problems and attempts at amelioration, I found Henry Paulson’s column in today’s New York Times pretty unsettling.  After recapping the “here’s how we got here” part of his story, he spent the rest of the column space pointing out what a great job he’s done.  If the job had been as well done as he claims, this column would be written by someone else, or wouldn’t be needed at all.

In his column, titled Fighting the Financial Crisis, One Challenge at a Time, Paulson, current secretary of the Treasury, doesn’t hesitate to start a short list of all those who should be very grateful to him:

I am very proud of the decisive actions by the Treasury Department, the Federal Reserve and the F.D.I.C. to stabilize our financial system.  We have done what was necessary as facts and conditions in the market and economy have changed, adjusting our strategy to most effectively address the crisis.  We have preserved the flexibility of President-elect Barack Obama and the new secretary of the Treasury to address the challenges in the economy and capital markets they will face.

I guess he’s saying we should all be feeling better but somehow it is not working.

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Written by dineenp

November 18, 2008 at 4:35 pm

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