Paulson finally showing true colors

ralok_j · 11-13-2008, 01:51 AM

The way I'm interpreting his actions is that there are too many loans to purchase and the cost would far exceed $1 trillion, probably closer to $10-$12. The next best thing is to provide liquidity in the consumer segment (auto loans, cc, student loans) in an attempt to get people to spend. Of course, consumer spending is a huge reason of why we are in this position.

I stated in another thread that Congress needs to enact tax legislation that will encourage economic development and job creation or we are boned.

feeler · 11-13-2008, 02:05 AM

Remember Sep 10? The day prior to?

Cheney announced $2,300,000,000,000 missing.

I bet part of it went to building those underground bases.

-feeler

Mikill · 11-13-2008, 02:38 AM

Thats chump change compared to the 50 trillion $ debt we are now in.whats 2 trillion disappearing compared to that.Remember the 2000 presidential campaign when they tried telling us that we would have a 10 trillion $ surplus within the next 5 years?.....oppps.....

11-13-2008, 01:51 AM	#1
ralok_j Avalon Senior Member Join Date: Sep 2008 Posts: 124	Re: Paulson finally showing true colors The way I'm interpreting his actions is that there are too many loans to purchase and the cost would far exceed $1 trillion, probably closer to $10-$12. The next best thing is to provide liquidity in the consumer segment (auto loans, cc, student loans) in an attempt to get people to spend. Of course, consumer spending is a huge reason of why we are in this position. I stated in another thread that Congress needs to enact tax legislation that will encourage economic development and job creation or we are boned.

11-13-2008, 02:05 AM	#2
feeler Avalon Senior Member Join Date: Sep 2008 Posts: 360	Re: Paulson finally showing true colors Remember Sep 10? The day prior to? Cheney announced $2,300,000,000,000 missing. I bet part of it went to building those underground bases. -feeler

11-13-2008, 02:38 AM	#3
Mikill Project Avalon Member Join Date: Sep 2008 Location: Middle of Nowhere, USA,Earth Posts: 90	Re: Paulson finally showing true colors Thats chump change compared to the 50 trillion $ debt we are now in.whats 2 trillion disappearing compared to that.Remember the 2000 presidential campaign when they tried telling us that we would have a 10 trillion $ surplus within the next 5 years?.....oppps.....