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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:15 PM
Original message
Paulson presser on now.
Explaining Bush's economic plan. Reassures us the economy is strong.

MKJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:17 PM
Response to Original message
1. Housing correction is exacting a penalty on our economic growth
Edited on Fri Jan-18-08 12:17 PM by BleedingHeartPatriot
Oh, now I see.

Taking questions.

MKJ
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:20 PM
Response to Reply #1
4. On CBS, their Wall St. reporter just said
that Wall Street thinks the only thing that will help the economy is making the tax cuts permanent. I could not believe my ears.
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:32 PM
Response to Reply #4
10. Bush said that, except he called it "tax relief".
:eyes: MKJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:19 PM
Response to Original message
2. Bush looking to be collaborative and work with Congress. Only "broad" guidelines.
Won't give specifics.

Except, it will be "temporary", whatever the specifics are.

MKJ
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:22 PM
Response to Reply #2
5. Bush...work with Congress.
Oh, sure. That'll happen.
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ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:19 PM
Response to Original message
3. You think those in foreclosure, realtors, builders, etc
really believe him?
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RepublicanElephant Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:29 PM
Response to Original message
6. these bush guys haven't a clue about fixing the mess they've created.
dems needs to take a hard stand against these lame gop proposals in favor of a genuine, working-class stimulus. This is the fight that will be remembered in november!
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:31 PM
Response to Reply #6
8. BTW, this presser on in CNBC, and I'm liking how the reporters are asking for specifics.
MKJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:30 PM
Response to Original message
7. Got a phone call, missed part of this. How is it possible we have more exports than imports, as just
claimed by Paulson?

MKJ
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Yael Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:31 PM
Response to Original message
9. We have a trillion dollar war financed on a Chinese-issued credit card
WTF is wrong with these talking heads and why are they ignoring the elephant in the middle of the room?
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:34 PM
Response to Reply #9
11. "broad based, general growth" plan. Oh, and this market "needs to correct".
Too much growth on Wall Street, per Paulson.

MKJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:35 PM
Response to Original message
12. Hahaha, reporter asks if WH too slow to react. Now, Paulson is saying the President has been all
over this economy...

oh, that explains it.

MKJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:38 PM
Response to Original message
13. Paulson and the other guy (?), don't want the press to report that the economy is worse than
it actually is.

KJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:39 PM
Response to Original message
14. Paulson says he's trying to focus on the positive. Darned reporters aren't letting him.
MKJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:40 PM
Response to Original message
15. When they get Congressional OK on package, they're going to "Run like a bunny"
to get it enacted.

MKJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:42 PM
Response to Original message
16. Blaming investors for this "crisis" now.
MKJ
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:43 PM
Response to Original message
17. Paulson said "THERE IS NOTHING MORE IMPORTANT THAN MAKING THE TAX CUTS PERMANENT"
Nuff said.

MKJ
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RepublicanElephant Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:44 PM
Response to Original message
18. what? no mention of the billions being wasted in iraq?
i'm shocked, shocked i say!
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BleedingHeartPatriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 12:44 PM
Response to Reply #18
19. It wasn't asked, Hmmmm, wonder why?
MKJ
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-19-08 12:03 AM
Response to Original message
20. Thanks for the
blow by blow coverage. I saw on cnbc this evening the talking heads talking about how the govt needs to cover the bond insurers so they don't fail. I was screaming at the tv. They are all for letting the little people take their lumps but g*d forbid they have to take theirs.
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