He make seventy trips to China out of the US Budget.
Then realize the seat in his office rarely got warm and oversaw the Great Recession.
Today, the former Secretary Paulson has a new investment bank in China. Now you tell me why he became Secretary of the Treasury in the first place.
Where was former Secretary Paulson in December after the global economic collapse?
By ANDREW JACOBS
Published: December 5, 2008
BEIJING — There was an agreement (click here) to make it easier for foreign banks to trade bonds in China.
There were memorandums on energy conservation. And there was the
creation of a formal partnership to encourage a Kansas town shattered by
a tornado to share green reconstruction methods with an
earthquake-devastated city in Sichuan Province.
For Treasury Secretary Henry M. Paulson Jr., the two days of economic dialogue with Chinese officials that ended Friday produced a modest stream of achievements, including pledges by both nations to spend $20 billion to help finance trade in developing countries.
Even if the marquee economic conference that Mr. Paulson helped establish in 2006 was supposed to be more about big ideas and less about deliverables, the pressure to come up with tangible successes has been hard to resist.
This year was no exception, and
the jointly issued “fact sheet” listed five pages of agreements on
issues like forest management, food safety, plug-in hybrid cars and
offshore wind farms....
For Treasury Secretary Henry M. Paulson Jr., the two days of economic dialogue with Chinese officials that ended Friday produced a modest stream of achievements, including pledges by both nations to spend $20 billion to help finance trade in developing countries.
Even if the marquee economic conference that Mr. Paulson helped establish in 2006 was supposed to be more about big ideas and less about deliverables, the pressure to come up with tangible successes has been hard to resist.
This year was no exception, and
the jointly issued “fact sheet” listed five pages of agreements on
issues like forest management, food safety, plug-in hybrid cars and
offshore wind farms....The Treasury secretary, Henry M. Paulson Jr., left, met the Chinese president, Hu Jintao, while in Beijing for economic talks.
December of 2008 Paulson, who was on his way out of office in Janaury, was on the USA's dime and holding economic talks with China. Like. What?
