Saturday, March 01, 2008

Great! The US Treasury Secretary is a moron.

Paulson Not Big Penny Fan
By MARTIN CRUTSINGER, AP Economics Writer
Friday, February 29, 2008

A penny for your thoughts? Treasury Secretary Henry Paulson thinks the answer to that question should be not much. In fact, if he had his way, he would like to get rid of the penny.

Asked Friday whether he thought the penny should be eliminated, Paulson agreed that it would make sense, saying, "The penny is worth less than any other currency."

Despite the feeble state of the dollar, a penny is still worth more than one Japanese yen. Is Paulson unfamiliar with Japan? Maybe someone should take him out for sushi. Or better yet, fugu.

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