Who appointed Paulson? While I agree with most of what you say, I believe the voters will blame the GOP...unfair though it may be...the party in the White house when the recession begins is always blamed. We lost in 2008 because of this, I think. What we can hope for is that Pres. Bush is blamed...he’s gone. Thus if the GOP is effective in this situation, we can turn it around, but it’s going to be tough with every media outlet in the world blaming the GOP.
Paulson is guilty of going into hyperbole mode with Martial Law if that (Irresponsible generation killer) stimulus last fall did not pass and a key figure in writing the “gift”. Bush is guilty, in some people's eyes but others think the $700+ Billions were necessary, of listening to Paulson/Bernanke (Who recommended the spending bill).
Greenspan played crazy with the IR, over heated the economy with all the fraud going on. Basically everything those who condemned Congress giving away their responsibility has come to fruition. 1913 was a miserable year for the United States (16th Amendment as well).