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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. Read related post ...

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Ball point pen on the morning newsprint ...When added to the 700 Billion, the numbers start to get abstract. A trillion dollars is a million million. If you laid one dollar bills end to end, you could make a chain that stretches from earth to the moon and back again 200 times. One trillion dollars would stretch nearly from the earth to the sun. It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it reeled out one trillion dollar bills. The tab so far for bailouts has reached 8.5 Trillion Dollars! I wonder how long it will take my great grandchildren to pay it back to China. Blogging note: A special thanks to Charley Parker over at Lines and Colors, for featuring my blog yesterday. I've been a big fan of L&C and I am honored to be included in the pantheon of great art that I've so enjoyed reading about over the years ...

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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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