Contradiction seems to be the operative word of the day for today’s Meet The Press. In Tom Brokaw’s interview with Secretary Paulson from Beijing, Mr. Paulson said that there is a need for better regulation of the U.S. financial system – he called it outdated. This comes from an administration that has championed deregulation and has let Wall Street run amok over the years.
The journalists in the second half refuted almost every point that Sec. Paulson made in the first half of the program. Mr. Paulson said that the economic stimulus checks are still kicking in and we haven’t seen the full benefit yet. In the second half, Paul Gigot declared this round of stimulus checks a failure at lifting up the economy.
Sec. Paulson stated that China would suffer political backlash for not taking a harder line with the Khartoum government in Sudan. China keeps that country’s government afloat with it’s refinement and purchase of Sudan’s oil. In turn, the government uses those monies to strengthen its torturous hand over the people of Darfur. However, as Erin Burnett pointed out, the U.S. is hamstrung to do anything to force China, or Russia for that matter, to change their behavior because of all the debt the United States owes to China. And President Bush’s misjudgment of Vladimir Putin came to complete fruition this week with Russia’s aggression/invasion in Georgia.
Lastly, Sec. Paulson, as evidenced by today’s interview, is not a good spokesperson when it comes to calming U.S. citizens about the economy – constantly stuttering through is answers after Mr. Brokaw’s softball questions and speaking in generalities providing no real substance at all. To this end, Mr. Brokaw mentioned that there has been talk of Mr. Paulson staying on as Treasury Secretary to provide stable transition to the next administration. Mr. Paulson said that he was looking forward to doing other things come the next year. This column’s retort to that answer – GOOD.
A few program notes: One, the dual hosts – Brokaw in China and David Gregory in the studio doesn’t measure up. This column still contends that if MTP is left to either Mr. Brokaw or Mr. Gregory as host, the clout of the program will most certainly be diminished (farther than it has already). If Mr. Gregory is, in fact, going to take the desk, lots of polish is needed. (At the end of the program, he thanked ‘everyone at the table.’ Everyone at the table? That’s not acceptable.)
Also, we never mention commercials but between the first and second half, there was a GE commercial. The main point of the commercial was that through wind power, GE is helping to power Beijing during the Olympics. Can they make that boast here in the United States? That they are using wind to power... .anything? No, and given the energy crisis that we face, it left a slightly bad taste in the mouth.
Lastly, a couple of tidbits [read: Politicians of the 90’s] to cover. It seems that Bill Clinton doesn’t think that Barack Obama can win the election – the Clintons remain the insidious factor in this race. This column believes that the Clintons will play a decisive role in who wins in November and that they will not necessarily tip the scale to the Democrats. Suffice for now that it is a dark cloud looming. The other little bit is the John Edwards news story. This column was aware of this rumor some 5 months ago, but refused to give credence to it – that’s not the function of this column. But what we will say is that we completely agree with David Broder (congrats! On the the 400th appear) that it just deepens the cynicism that the American public has for its politicians. For such as high-profile political figure to deceive and blatantly lie, without any tact, is an extreme disappointment – to understate it. The affair and love-child is incidental. It’s the subsequent deception and flouting of public trust that can not be excused. But… we’ve unfortunately seen this too many times before.
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