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    Senior Member Judy's Avatar
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    Republican ex-Treasury chief Paulson slams Trump, to vote for Clinton

    Republican ex-Treasury chief Paulson slams Trump, to vote for Clinton

    Reuters/Yuri Gripas
    Fri Jun 24, 2016 8:37 pm EDT

    Henry Paulson, a Republican who was U.S. Treasury secretary during the 2008 financial meltdown, on Friday called a Donald Trump presidency "unthinkable" and said he will vote for Democrat Hillary Clinton.

    Paulson joins a growing list of establishment Republicans who say they will not cast a ballot in the Nov. 8 election for Trump, the party's presumptive nominee and a political neophyte whose populist rhetoric runs counter to many long-held Republican principles.

    "When it comes to the presidency, I will not vote for Donald Trump," Paulson, who was chief executive of Goldman Sachs before becoming Treasury chief under Republican President George W. Bush, wrote in an opinion piece in the Washington Post.

    "I'll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment and our place in the world," he said.

    Paulson accused Trump, who has touted his business acumen as a real estate developer during his campaign, of taking "imprudent risk" and then disavowing his debts when ventures fail.

    He also took aim at Trump's opposition to trade agreements, which Paulson said have created U.S. jobs and fostered innovation and competitiveness.

    "Simply put, a Trump presidency is unthinkable," Paulson said.

    The Trump campaign did not immediately respond to a request for comment.

    Brent Scowcroft, a national security adviser to two Republican presidents, endorsed Clinton on Wednesday, and Richard Armitage, a deputy secretary of state under George W. Bush, said last week he would support her.

    Paulson, who helped steer a $700 billion bailout of the financial system through Congress during the financial meltdown, said Trump is a "phony" who is unfit to be president.

    "I can't help but think what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise and careful analysis were critical," he said.

    http://www.reuters.com/article/us-us...-idUSKCN0ZB00R
    Last edited by Judy; 06-25-2016 at 03:33 AM.
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    Senior Member Judy's Avatar
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    "I can't help but think what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise and careful analysis were critical," he said.
    Hmmm.

    Well, I can! You would have been FIRED and Goldman Sachs would have gone down like everyone else.
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    Senior Member Judy's Avatar
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    Before becoming Treasury Secretary, he was required to liquidate all of his stock holdings in Goldman Sachs, valued at over $600 million in 2006, in order to comply with conflict-of-interest regulations.[14] Because of a tax provision passed under President George H.W. Bush, Paulson was not subject to capital gains tax. This saved him between $36 and 50 million in taxes.[15]
    https://en.wikipedia.org/wiki/Henry_Paulson
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    Senior Member posylady's Avatar
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    Poor Globalist Things aren't going exactly as planned for them. You can tell the ones that support Globalism they are supposed to be Republicans but would rather vote for Hellery. Who really cares who they support they are part of the problem. They need to be voted out of office nothing will change with career politicians in office their minds are made up and have chosen a side and its not with we the people.
    Last edited by posylady; 06-25-2016 at 07:13 AM.

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    Senior Member Goldendaze's Avatar
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    Quote Originally Posted by Judy View Post
    Republican ex-Treasury chief Paulson slams Trump, to vote for Clinton

    "I'll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment and our place in the world," he said.


    http://www.reuters.com/article/us-us...-idUSKCN0ZB00R

    I think there must be a typo here. I believe Paulson meant,

    "I'll be voting for Hillary Clinton, with the hope that she can bring [the elite] together to do the things necessary to strengthen [the elites] economy, [the elites] environment and [the elites] place in the world."

    There. I'm sure that's how it read before it hit the editor.

  6. #6
    Senior Member Judy's Avatar
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    y Reena Flores CBS News June 25, 2016, 1:47 PM
    Donald Trump targeted by Henry Paulson in op-ed endorsing Hillary Clinton

    Comment 1.7K Shares Tweet Stumble Email

    Last Updated Jun 25, 2016 5:07 PM EDT

    Adding to a growing list, Hillary Clinton has another prominent Republican squarely in her corner thanks to Donald Trump: Henry Paulson, the treasury secretary to former President George W. Bush.

    "With Donald Trump as the presumptive presidential nominee, we are witnessing a populist hijacking of one of the United States' great political parties," Paulson wrote in a blistering Washington Post op-ed Friday, calling the billionaire's brand of populism one "rooted in ignorance, prejudice, fear and isolationism."

    "This troubles me deeply as a Republican, but it troubles me even more as an American," said Paulson, a former Goldman Sachs chief executive who spearheaded the 2008 Wall Street bank bailout as treasury secretary.

    "Enough is enough," he wrote. "It's time to put country before party and say it together: Never Trump."

    Instead, he offered up Democrats' presumptive presidential nominee, Hillary Clinton, as the country's best alternative to Trump, encouraging his GOP colleagues to consider her when casting their ballot.
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    Trump slams Clinton and insider politics in Washington

    "When it comes to the presidency, I will not vote for Donald Trump. I will not cast a write-in vote," Paulson wrote. "I'll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment and our place in the world. To my Republican friends: I know I'm not alone."

    Paulson, who chairs the Paulson Institute at the University of Chicago aimed at strengthening U.S.-China relations, went on to trash Trump's business acumen, saying that the "tactics he has used in running his business wouldn't work in running a truly successful company, let alone the most powerful nation on Earth."

    Rather than carefully analyzing facts to make informed decisions, the former Bush administration official blasted Trump because he "repeatedly, blatantly and knowingly makes up or gravely distorts facts to support his positions or create populist divisions."

    He pointed to Trump's "scorched-earth" bankruptcy policies as proof that the New York real estate mogul "takes imprudent risks and, when his businesses fail, disavows his debts."

    Looking past the November election, Paulson raised the specter of Trump in the Oval Office and slammed the businessman's proposals on entitlements and trade.

    On entitlement programs, the ex-secretary said if they are "not fixed soon, they threaten our nation with a debt burden that would undermine the retirement security of young Americans and future generations."

    "It doesn't surprise me when a socialist such as Bernie Sanders sees no need to fix our entitlement programs," he said. "But I find it particularly appalling that Trump, a businessman, tells us he won't touch Social Security, Medicare and Medicaid."

    And on international trade deals, Paulson asserted that "the policies Trump endorses would destroy, not save, U.S. jobs."

    "We need to welcome rather than shrink from trade and economic competition," he wrote, noting Trump's unwillingness to engage in America's current trade agreements. "Trump calls our current trade deals 'disgusting, the absolute worst ever negotiated by any country in the world.' This is simply false."

    Paulson's argument against the presumptive GOP nominee concluded succinctly: "Simply put, a Trump presidency is unthinkable."
    Trump, for his part, didn't seem fazed by the Paulson endorsement.



    Last Updated Jun 25, 2016 5:07 PM EDT

    Adding to a growing list, Hillary Clinton has another prominent Republican squarely in her corner thanks to Donald Trump: Henry Paulson, the treasury secretary to former President George W. Bush.

    "With Donald Trump as the presumptive presidential nominee, we are witnessing a populist hijacking of one of the United States' great political parties," Paulson wrote in a blistering Washington Post op-ed Friday, calling the billionaire's brand of populism one "rooted in ignorance, prejudice, fear and isolationism."

    "This troubles me deeply as a Republican, but it troubles me even more as an American," said Paulson, a former Goldman Sachs chief executive who spearheaded the 2008 Wall Street bank bailout as treasury secretary.

    "Enough is enough," he wrote. "It's time to put country before party and say it together: Never Trump."

    Instead, he offered up Democrats' presumptive presidential nominee, Hillary Clinton, as the country's best alternative to Trump, encouraging his GOP colleagues to consider her when casting their ballot.

    "When it comes to the presidency, I will not vote for Donald Trump. I will not cast a write-in vote," Paulson wrote. "I'll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment and our place in the world. To my Republican friends: I know I'm not alone."

    Paulson, who chairs the Paulson Institute at the University of Chicago aimed at strengthening U.S.-China relations, went on to trash Trump's business acumen, saying that the "tactics he has used in running his business wouldn't work in running a truly successful company, let alone the most powerful nation on Earth."

    Rather than carefully analyzing facts to make informed decisions, the former Bush administration official blasted Trump because he "repeatedly, blatantly and knowingly makes up or gravely distorts facts to support his positions or create populist divisions."

    He pointed to Trump's "scorched-earth" bankruptcy policies as proof that the New York real estate mogul "takes imprudent risks and, when his businesses fail, disavows his debts."

    Looking past the November election, Paulson raised the specter of Trump in the Oval Office and slammed the businessman's proposals on entitlements and trade.

    On entitlement programs, the ex-secretary said if they are "not fixed soon, they threaten our nation with a debt burden that would undermine the retirement security of young Americans and future generations."

    "It doesn't surprise me when a socialist such as Bernie Sanders sees no need to fix our entitlement programs," he said. "But I find it particularly appalling that Trump, a businessman, tells us he won't touch Social Security, Medicare and Medicaid."

    And on international trade deals, Paulson asserted that "the policies Trump endorses would destroy, not save, U.S. jobs."

    "We need to welcome rather than shrink from trade and economic competition," he wrote, noting Trump's unwillingness to engage in America's current trade agreements. "Trump calls our current trade deals 'disgusting, the absolute worst ever negotiated by any country in the world.' This is simply false."

    Paulson's argument against the presumptive GOP nominee concluded succinctly: "Simply put, a Trump presidency is unthinkable."

    Trump, for his part, didn't seem fazed by the Paulson endorsement.

    When asked in Aberdeen, Scotland, on Saturday how he felt about the former treasury secretary's Clinton endorsement, Trump replied: "Don't know anything about him."

    http://www.cbsnews.com/news/donald-t...election-2016/
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    Senior Member Judy's Avatar
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    Paulsen is a Globalist Free Trade Traitor Pro-China mess and has been since he was US Secretary of the Treasury. He's really evil. He caused the largest financial meltdown in the US when he was US Treasury Secretary and Chairman of Goldman Sachs. He was in charge of Goldman Sachs China for may years. Look into it. That man sold his soul a long long time ago.
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    Hank ‘Meltdown’ Paulson Cites Hillary’s Globalist Platform as Reason for Endorsement

    by JULIA HAHN
    25 Jun 2016
    Washington D.C.

    Hank Paulson, George W. Bush’s treasury secretary, who presided over both the meltdown of the U.S. economy and the subsequent bailout of his close friends and associates, has endorsed Hillary Clinton — citing his belief that she’d be more likely to enact globalist policies on trade and immigration as part of the reason for his endorsement.

    Paulson also posits that Clinton would be more likely to cut Americans’ medicare and social security, which Paulson cites as a top priority following the financial collapse he helped to create.

    Paulson is also the former CEO of Goldman Sachs, which has given Hillary Clinton hundreds of thousands of dollars for speeches. According to Politico, Goldman Sachs rewarded Clinton with a total of $675,000 for three paid speeches.

    “When Hillary Clinton spoke to Goldman Sachs executives and technology titans at a summit in Arizona in October of 2013, she spoke glowingly of the work the bank was doing raising capital and helping create jobs, according to people who saw her remarks,” Politico writes. “She spent no time criticizing Goldman or Wall Street more broadly for its role in the 2008 financial crisis.”

    “It was pretty glowing about us,” one attendee told Politico, “She sounded more like a Goldman Sachs managing director.”

    In his Friday op-ed in the Washington Post, Paulson writes:

    When it comes to the presidency, I will not vote for Donald Trump. I will not cast a write-in vote. I’ll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment and our place in the world.

    Paulson’s op-ed adopts the similar lecturing tone to what was called “Project Fear” in the UK, in which the Remain campaign recruited executives from multinational firms and establishment politicians to convince the victims of globalization that they had to remain in their current economic structure– or else.

    Paulson says that, in his view, the way to strengthen our economy is to push for even more globalist policies on trade. This is precisely what George W. Bush and Bill Clinton did throughout their presidencies. Paulson insists that “it’s wrong to tell the American people” that we achieve economic success by “walling ourselves off from the remaining 7 billion people and the markets they represent”:

    We need to welcome rather than shrink from trade and economic competition. Trump calls our current trade deals “disgusting, the absolute worst ever negotiated by any country in the world.” This is simply false. According to the Peterson Institute for International Economics, the average American household income is roughly $10,000 higher because of the postwar expansion of trade. Because of trade, we add jobs and foster innovation and competitiveness. That doesn’t mean that people aren’t losing jobs and suffering in certain industries. However, it is wrong to tell the American people that we can turn back the clock and win, with merely 4 percent of the world’s population, by walling ourselves off from the remaining 7 billion people and the markets they represent. Instead, we need to fix the programs that help U.S. industries and workers transition to new and better jobs. We need better training, new education programs and a more robust safety net. The policies Trump endorses would destroy, not save, U.S. jobs.

    In stark contrast to Trump’s “America first” trade platform, Hillary Clinton has been a vocal champion of the trade globalism that Paulson desires. Clinton supported NAFTA, she supported China’s entrance into the WTO, and she boosted the Trans-Pacific Partnership agreement– declaring in 2012 that the “TPP sets the gold standard in trade agreements to open free, transparent, fair trade.” Clinton expressed no concerns about the TPP’s establishment of a global governing commission, which Jeff Sessions has described as a “Pacific Union” similar to a “nascent European Union.”

    Paulson has similarly been a big supporter of the Trans-Pacific Partnership (TPP). In a 2015 Wall Street Journal piece, Paulson wrote: “We should reassert our status as a Pacific power, build on the North American Free Trade Agreement to create greater economic integration closer to home and move forward on the Trans-Pacific Partnership.”

    In his pro-Clinton op-ed, Paulson decries Trump’s campaign pledge to reclaim national sovereignty and reverse the tide of globalism. Paulson writes:

    With Donald Trump as the presumptive presidential nominee, we are witnessing a populist hijacking of one of the United States’ great political parties. The GOP, in putting Trump at the top of the ticket, is endorsing a brand of populism rooted in ignorance, prejudice, fear and isolationism. This troubles me deeply as a Republican, but it troubles me even more as an American. Enough is enough. It’s time to put country before party and say it together: Never Trump.

    Paulson cited his role in George W. Bush’s controversial handling of the economic downturn as giving further credibility to his Clinton endorsement:

    I’m not the first Republican to say Trump is a phony and should not be president… But as a former chief executive and treasury secretary, I hope to bring an additional perspective to the discussion… I can’t help but wonder what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise and careful analysis were critical. The only reason we avoided another Great Depression was because Republicans and Democrats joined together to vote for the Troubled Asset Relief Program — a vote that they knew would be politically unpopular but in the best interest of our country. Critical to that effort was the leadership of President George W. Bush. As I led Treasury’s efforts to fashion a difficult, imperfect, controversial but essential solution with bipartisan support, I was — and still am — grateful to have had President Bush at the helm.

    While Paulson accuses Trump of “playing to fears and frustrations, pointing fingers at scapegoats and creating boogeymen: blaming the banks, greedy companies or foreigners for our problems,” he makes no mention of how federal immigration policy has impacted American jobs and wages. Since Ted Kennedy’s 1965 immigration rewrite was passed into law, the U.S. has added 59 million immigrants. Since mass migration began in the 1970s, U.S middle class has shrunk ten percentage points, and real average wages are lower today than they were in 1973.

    Paulson does not make clear why Americans should trust his economic judgement, considering that he failed completely to predict the housing crash over which he presided.

    http://www.breitbart.com/2016-presid...n-endorsement/
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    Senior Member Judy's Avatar
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    Paulson does not make clear why Americans should trust his economic judgement, considering that he failed completely to predict the housing crash over which he presided.
    He did more than preside over it, he caused it. He became Treasury Secretary in 2006 and by 2008 our entire economy had collapsed and taken most of the world down with US. So he definitely needs to ride with Hillary on their Goldman Sachs Stallions. As for the Real Republicans in this fight, we're going to hobble you and stuff you both in a barn.
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