SEC Cox is not so damnable, and, is trying to do a good job.
Paulsons’ original fiat demand to the Congress was for a complete capitulation of the US to vest in him personally, as US Secy of the Treasury, full arbitrary authority without any oversight or investigational or judicial action to ever be applied against him to ‘run’, as a Caesar, the full financial sector with full power to decide which entities get helped, to what degree...literally whose companies and institutions live or die whether they be American or foreign. Look at point number 8 of his original proposal.
His proposal violated his oath of office to support the US Constitution and, his request clearly did not meet our Constitutional standard relating to Congressional responsibilities in my opinion. It is unconstitutional for the Congress to grant such obviously dictatorial power to any individual. That Pres. Bush sponsored such a proposal by Paulson is mind boggling.
Did our President panic?
In any event, I think, with deliberation that Paulson should be canned simply for offering a very unAmerican proposal, the most astonishing proposal I can think of in our history by any officer of the Executive Branch. We Americans are not really ready for arbitrarily delivered, dictatorial socialism. In fact, we do not want socialism at all under any terms...after all we have no means of to financially supporting it. It is plain to see now.
I just don’t see the point of replacing anybody a few months before a new admin takes over.