DRAWING on OBSERVATIONS

Ball point pen on today’s newsprint

Henry Paulson points to the fact that the panic has led to a flight to quality, which in spite of the S&P downgrade, is US Treasuries. But, even though he’s bullish on the long term prospects of the US, he also admits that there is a need for structural change and doesn’t believe the current players in Washington are capable.

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Ball point pen on the morning newsprint

Hank Paulson may be the most important man in Washington today. In 2006 he left behind a 37 million dollar annual salary to become a public servant as Tresury Secretary. The one time Eagle Scout is one of the few Bush appointments that came to Washington prepared for the job….Good thing, considering the mess he found when he got their.

This is a painting I did a few years back, after Hurricane Katrina tested another Bush appointment, Mike Brown. His experience at the International Arabian Horse Association didn’t prepare him for the job.

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