ABOUT ME

 

Nick Ragone is an author, attorney and public relations executive in New York City. He earned a bachelor’s degree in history and political science from Rutgers University, and is a graduate of the Eagleton Institute of Political Science at Rutgers University (undergraduate) and the Georgetown University Law Center.

He is the author of three books: Essential American Government, Everything American Government, and President's Most Wanted. Nick is a regular contributor to the Fox News Channel and Fox Business, the PIX11 Morning Show, and has a weekly appearance on the popular Raph Bailey Radio Show.  He co-anchored PIX11's five-hour live inauguration coverage with Jim Watkins and Kaity Tong.

Nick is a contributor to Donklephant.com, one of the most influential political blogs on the web, and  has written for US News & World Report, The Star-Ledger, Real Simple Magazine and RealSimple.com.  Nick has been quoted in over two dozen stories on politics, the presidency, and public relations.  In December of 2007, Nick was named one of PR Week's 40 under 40 to watch, and in May of 2008 was featured in "Profiles of Success", a book about public relations. Nick lives in Jersey City, NJ, with his wife and two children, and spends what little free time he has obsessing on the Mets.

Nick can also be found on Facebook. http://www.facebook.com/profile.php?id=740817853


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« Battleground Michigan | Main | Ralph Bailey Radio Show »
Friday
Sep192008

Hank to the rescue!

One thing has become clear over the past several days: Hank Paulson was an inspired pick for Treasury Secretary.

Could there be any better steward for our economy during these chaotic times than Paulson?

The developments over the past several days have been nothing short of remarkable, and he's been more than up to the task.  He stuck his neck out for AIG -- and put together a truly unprecedented bailout -- and is now proposing some type of RTC-type entity to absorb another $500 billion in bad loans.   That means taxpayers are on the hook for over $1 trillion in commitments -- which represents approximately one-third of our GDP.

Paulson clearly has the instincts and credibility to get these things done, knowing full well the consequences of inaction.   

Which begs the question: Will Obama or McCain surround themeselves with similarly capable people?  Do they truly appreciate the magnitude of the problem?  There's probably only a handful of people who could have pulled off what Paulson did, and I'm not sure any of them are advising either camp. 

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Reader Comments (2)

McCain has Franklin Raines. He managed...oh yeah, Fannie Mae.

Carly Fiorina...oh yeah, HP just laid off 24,000 people on top of the tens of thousands after they pushed her out with a $42 million golden parachute.

Jack Kemp, who I might have voted for president. Oh yeah...every problem can be solved with supply-side.

Obama has Austan Goolsby, some liberal hack from the home of all things left, the University of Chicago ;-). I'm enrolled there, and once I understood he's taking advice from one of their leading economists, I understood his plan to manage the economy was going to be much more reality based than most other Dems, and definitely way more than the GOP.

September 19, 2008 | Unregistered CommenterSebastian

Sorry, Raines isn't with anyone.

September 19, 2008 | Unregistered CommenterSebastian

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