Al Ham in Vanity Fair and other strange things

I saw this article on RCP. I like the mention of Hamilton, but more so I love the description of Paulson during the interview and the way the author stretches it to a metaphor. I find the line "I asked if he wouldn’t rather stop, and resume our conversation another time. “That’s O.K.,” he said. “I’m just going to go through this all. I won’t remember it. You know, I barely remember the details now.” particularly entertaining. A great insight into what it takes to get these major bills, etc. done.

“Nancy Pelosi to me was a wonder in this deal, and she was available 24-7, anytime I called her on the cell phone,” Paulson told me, his hulking frame unfolding in a comfortable chair in his office at the Treasury, dominated by an oil portrait of his first pred e ces sor, Alexander Hamilton. “She was engaged, she was decisive, and she was really willing to just get involved with all of her people on a hands-on basis.” Paulson paused. “Now let me … I’ll be there in one minute … Let me just make a … I have been, you know … I finished this thing on Thursday night, flew over to Tokyo, flew back, and I’m battling a bit of a stomach problem.”

And with that Paulson ducked into the private bathroom adjoining his office, closed the big paneled door, and audibly, violently, and repeatedly threw up. He emerged a moment later as if nothing had happened, but in a few minutes he did the same thing all over again. I asked if he wouldn’t rather stop, and resume our conversation another time. “That’s O.K.,” he said. “I’m just going to go through this all. I won’t remember it. You know, I barely remember the details now.”

In the months to come, I would think of Paulson’s perseverance in the face of gastric distress as a metaphor for the way he persevered through the worst global financial crisis since the Great Depression. He never missed a day of work due to illness or indisposition in two and a half years, though he often awoke at one or two a.m., unable to go back to sleep. “I don’t mean to make light of this, because I felt awesome responsibility,” he told me on one occasion. “But as I said to someone—it may not be a great analogy, but once you’re boiling in oil, it doesn’t make much difference” what the temperature is.

Like the Dartmouth offensive lineman he once was (his nickname had been “The Hammer”), Paulson spent most of his time at Treasury slogging down the field, facing one crisis after another. History will decide whether Paulson’s policy choices were wise or ill-advised. Economists and politicians are already deeply divided. But watching him over many months, it was hard not to be impressed by the resolve with which this moderate old-line Republican—a man with a threshold faith in the wisdom of markets—became the greatest economic interventionist of his generation.