Bush betrayed by Paulson...leaked info to Obama

[Chieftain1776]

Just saw this (http://www.spectator.org/blogger.asp?BlogID=14879) (HT: http://www.openmarket.org/). Apparently Treasury Secretary Paulson leaked information to derail the more market friendly alternative House Republican plan. This is really serious if true but haven't seen it anywhere else. I don't normally post to forums so if any of you who know how to get this out there can take this and run with it on digg etc. please do. Pretty unbelievable what a bureaucrat will do to get his way.

[CaseyJones]

bump

[Mark]

Could that be an explanation why the Republican rep walked out of the meeting early?

Here's the link that's referenced in the article:

http://www.spectator.org/blogger.asp?BlogID=14879

BREAKING NEWS: Paulson and Obama (http://www.spectator.org/blogger.asp?BlogID=14879) - Friday, September 26, 2008 @ 9:49:47 AM (http://www.spectator.org/blogger_jump.asp?BlogID=14879) http://www.spectator.org/images/spacer.gif

When Sen. Barack Obama was given the floor to speak during White House negotiations, according to White House aides, he did so raising concerns about a House Republican alternative to the Paulson/Bernanke $700 billion bailout. But those concerns weren't necessarily his, as he was not aware of the GOP plan before reviewing notes provided him by Paulson loyalists in Treasury prior to entering the meeting.

According to an Obama campaign source, the notes were passed to Obama via senior aides traveling with him, who had been emailed the document via a current Goldman Sachs employee and Wall Street fundraiser for the Obama campaign. "It was made clear that the memo was from ‘friends' and was reliable," says the campaign source.

The memo allowed Obama and his fellow Democrats to box in Republican attendees and essentially took what President Bush had billed as a negotiating meeting off the rails.

"Paulson and his team have not acted in good faith for this President or the administration for which they serve," says a House Republican leader who was not present at the White House meeting, but who instead is part of the team hammering out the House GOP alternative.

"We keep hearing about how Secretary Paulson is working with Democrats on this or that, yet he never seems to consider working with the party that essentially hired him. Perhaps he's auditioning for a Democratic administration job. Our proposal didn't just spring forth fully formed; we've been working on this for several days, and Treasury staff has known about it."

Posted By: The Washington Prowler

[Kludge]

Dammit guys, I just ordered my Communist Paulson poster.

Edit: Ahh... After reading it, he's still a Communist -- even if the article is accurate.

[EndTheFed]

How the hell did a Goldman Sachs employee get this info?

Hmmmm interesting...

[Chieftain1776]

I don't know what to make of it myself. I do know it's been reported that Paulson was against the plan. Pretty shady to undermine the process like that. Keep in mind that Paulson is the former CEO of Goldman Sachs and if true this gives credence to the idea of the links between Paulson and his Wall Street friends and their mutual stake in a bailout.

[EndTheFed]

There really needs to be some noise about this...

Fascism on the move....

[EndTheFed]

Last try.....

[Bruno]

Bump. Time will tell if this story has legs.

[Oyate]

How the hell did a Goldman Sachs employee get this info?

Hmmmm interesting...

1. We have no idea what this information was.

2. If you wanted to see the republican revolt coming, all you had to do was login here or any of 50-odd other patriot boards.

3. That democrats used this to isolate and bash McCain is obvious. It's exactly what we did. They saw it coming.

4. The so-called "conservative alternative" is just as unconstitutional and repugnant to our values as the Paulson Poison. It's not betraying Dr. Paul to hang the bad-actors out to dry---even if they are being hung by other bad actors.