COL Gene

Treasury Secretary Paulson LIED About Economy

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Treasury Secretary Paulson LIED About Economy

from JoeUser Forums


This week Secretary Paulson said the U.S. Economy was just fine. NOTHING could be further from the truth and we again see the White House SPIN DOCTORS at work. Paulson points to the continued creation of jobs but he does not acknowledge that those newly created jobs are paying substantially less then the jobs that were lost. He does not acknowledge that almost 14 Million Home mortgages are in danger or that mortgages companies are in danger of failing including the nations largest which holds 20% of ALL home loans. He does not acknowledge that personal debt is at an all time high and people are falling behind on their credit card payments. I guess he has also not looked at the Stock Market this past month. Heating oil is also predicted to be higher this winter.

He has not acknowledged that low end retail sales are falling and even Wal-Mart sales have not kept up with inflation. Why did the Federal Reserve cut interest rates by ½ % in the middle of their monthly cycle? There are VERY fundamental problems with the U.S. Economy and to have the Treasury Secretary say all is just great with the economy is wrong. This White House substitutes SPIN and politics for truth and reality.

Lou Dobbs asked the question on Friday if his viewers believed the Treasury Secretary about the U.S. Economy. 95% said they did not believe the statements made by the Treasury Secretary. The last good Treasury Secretary was Paul O’Neil. He told it “like it is” and Bush fired him two years into his first term. The Bush administration is just about the most dishonest and ineffective administration in the history of our Republic. I guess they mirror the attributes and abilities of the President!
politics
21,894 views 56 replies
Reply #26 from JoeUser Forums Top
Yeah, tax the busiensses, and tax the business owners in this country, that sure will help the "poor" people you falsely claim to care so much about.


I'll just never, ever understand this who'll "throw more money at a money probelm" idea that people like Col have. That's like putting more money into a broken down car instead of selling it and getting a better one. Stop wasting money and you will see how things change.

More money, more money. Why do some people everyone think more money is always the solution? Take my financial situation right now, I spend more money than I make, should I get a higher paying job or learn to manage my money better by spending less? If I get the higher paying job I will still have the spending problem except now I will have more money to spend. So I did not solve the problem just made it worse. Can't you understand this concept Col? Does this not make sense to a person who claims to have a business of his own?
Reply #27 from JoeUser Forums Top
gene lost his business because of bush. you see bush didn't give him enough money to pay his bills with.
The Political Machine 2024
Reply #28 from JoeUser Forums Top
Reply | | Delete




Reply By: danielost Posted: Monday, August 20, 2007
gene lost his business because of bush. you see bush didn't give him enough money to pay his bills with.

WRONG AGAIN You just do not know what you are talking about!
Reply #29 from JoeUser Forums Top
WRONG AGAIN You just do not know what you are talking about!


obviously you didn't get what i said.
Reply #30 from JoeUser Forums Top
He has not acknowledged that low end retail sales are falling and even Wal-Mart sales have not kept up with inflation.


Want to try again fool?

Retailers enjoy a blowout month

Wal-Mart beats estimates; department store, luxury and apparel sales boosted by weather, fashions.



WWW Link

Just more ignorance from the left.
Reply #31 from JoeUser Forums Top
Just more ignorance from the left.


What's even funnier is that Col is actually ignoring most of my replies. I wonder why?
Reply #32 from JoeUser Forums Top
Wal-Mart posts worst sales ever as US retail figures slump


Poll: is the US heading for recession?

David Teather
Friday May 11, 2007
The Guardian


Wal-Mart, the world's largest retailer, yesterday posted its worst monthly sales figures since its records began in 1980.
The company said same store sales fell 3.5% in April on the same month a year ago. Same store sales measure the performance of stores that have been open for at least 12 months.

who is the fool? But Wal-Mart was not the only US retailer turning in a poor performance in April, triggering fears that the US housing slump might be spilling over into consumer spending and that the economy might be taking a turn for the worse.



Wal-Mart Sees Global Drop-Off
Evelyn M. Rusli, 08.14.07, 2:30 PM ET

Wal-Mart Stores




Wal-Mart investors better buckle in, 2007 is going to be a rocky ride.

Reply #33 from JoeUser Forums Top
Friday May 11, 2007


i thought we were talking about august not may.
Reply #34 from JoeUser Forums Top
Uh, Gene - since 2007 was not in the wage equation, you might want to drop that last 2.5% CPI bump from your list, which gives you a net increase of 0.7%. 'Course, that assumes you believe the numbers are a true reflection of reality. We know how flawed the CPI is & how it is hardly the holy grail of living costs. Then again, nothing's ever stopped you from comparing apples to oranges or fudging numbers to suit or pretending there is no such thing as a business cycle.
Reply #35 from JoeUser Forums Top

Reply By: danielost Posted: Tuesday, August 21, 2007
Friday May 11, 2007


i thought we were talking about august not may.


WHAT about the second article dated 8/14/07?

Wal-Mart Sees Global Drop-OffEvelyn M. Rusli, 08.14.07, 2:30 PM ET

Wal-Mart Stores




Wal-Mart investors better buckle in, 2007 is going to be a rocky ride.
Reply #36 from JoeUser Forums Top
Reply By: Daiwa Posted: Tuesday, August 21, 2007
“Uh, Gene - since 2007 was not in the wage equation, you might want to drop that last 2.5% CPI bump from your list, which gives you a net increase of 0.7%.’Course, that assumes you believe the numbers are a true reflection of reality. We know how flawed the CPI is & how it is hardly the holy grail of living costs. Then again, nothing's ever stopped you from comparing apples to oranges or fudging numbers to suit or pretending there is no such thing as a business cycle.”


I see you acknowledge the fact that the CPI contains elements that do not impact many consumers each month. The elements that DO impact MOST families such as Insurance rates, Food, Health, Clothing, gasoline and home heating fuels are the ones that are UP and a lot more then the overall CPI. Thus the day to day impact on low and middle income families from the rising costs in things they MUST buy makes the REAL impact worse then the overall CPI average. The fact remains ALL LOW and MOST Middle income Americans have not benefited from the " Great Bush Economic Boom" The top income people and a few of the top tear of the Middle Income group has experienced the " GOOD TIMES" but not the VAST majority of Americans!!!!!!!

Today more mortgage companies are filing for bankruptcy and Toll Brothers posted an 85% drop in Profits. Most builders are expected to show a loss in 2007 and are projected to show losses in 2008. The economy is not as Bush and Paulson claim.
Reply #37 from JoeUser Forums Top
WHAT about the second article dated 8/14/07?

Wal-Mart Sees Global Drop-OffEvelyn M. Rusli, 08.14.07, 2:30 PM ET

Wal-Mart Stores




Wal-Mart investors better buckle in, 2007 is going to be a rocky ride.




i have no idea what this is referring to .
Reply #38 from JoeUser Forums Top

Reply By: danielost Posted: Wednesday, August 22, 2007
WHAT about the second article dated 8/14/07?

Wal-Mart Sees Global Drop-Off Evelyn M. Rusli, 08.14.07, 2:30 PM ET

Wal-Mart Stores




Wal-Mart investors better buckle in, 2007 is going to be a rocky ride.




“I have no idea what this is referring to.”


What do you think, “ Wal-Mart Sees Global Drop-Off” means or” Wal-Mart investors better buckle in, 2007 is going to be a rocky ride”?

You are REAL BS artist! You should seek work in the Bush White House!
Reply #39 from JoeUser Forums Top
Most builders are expected to show a loss in 2007 and are projected to show losses in 2008. The economy is not as Bush and Paulson claim.


Key word expected. I work for a company that supplies construction materials, the largest in the US and 3rd ( I believe) around the world and so far we have been making money. The company has not suffered any loses, we are still above our targets so I don't have a clue what you are talking about.
Reply #40 from JoeUser Forums Top
Reply By: danielost Posted: Wednesday, August 22, 2007
WHAT about the second article dated 8/14/07?

Wal-Mart Sees Global Drop-Off Evelyn M. Rusli, 08.14.07, 2:30 PM ET

Wal-Mart Stores




Wal-Mart investors better buckle in, 2007 is going to be a rocky ride.




“I have no idea what this is referring to.”


What do you think, “ Wal-Mart Sees Global Drop-Off” means or” Wal-Mart investors better buckle in, 2007 is going to be a rocky ride”?

You are REAL BS artist! You should seek work in the Bush White House!




it has no reference. thus it has no meaning.
Reply #41 from JoeUser Forums Top
it has no reference. thus it has no meaning.

HOW DUMB CAN YOU BE???????
Reply #42 from JoeUser Forums Top
Wal-Mart investors better buckle in, 2007 is going to be a rocky ride.




the doggie is

ie the above has no reference thus it has no meaning just as yours as no reference and no meaning. as far as i know they could be talking about ice cream.


you pull two sentences out of something or two somethings and are trying to make them sound important. no links no other lines. you could and probable did make this up. as you have done in the past.
Reply #43 from JoeUser Forums Top
As usual, Gene does the bob/weave/dodge dance when confronted.
Reply #44 from JoeUser Forums Top
Today another group of Mortgage companies have announced they are in trouble including Lehman Brothers Accredited home lenders, HSBC Holdings. H & R Block and BNC are also in trouble. 3,700 mortgage staff has lost their jobs and another 1,200 are in danger of losing their jobs. Bloomberg News said the Mortgage situation could cause much wider problems.
Reply #45 from JoeUser Forums Top
Today another group of Mortgage companies have announced they are in trouble


I guess we should bail them out too.


Reply #46 from JoeUser Forums Top
Reply By: Island Dog Posted: Thursday, August 23, 2007
“Today another group of Mortgage companies have announced they are in trouble


I guess we should bail them out too.”


The issue and subject of this Blog is that the Treasury Secretary is not telling us the truth about the economy.
Reply #47 from JoeUser Forums Top
The issue is the millions of people that are in danger of losing their homes and the impact that will have on the economy!
Reply #48 from JoeUser Forums Top
the real issue of this blog and all of your blogs is bush bashing.
Reply #49 from JoeUser Forums Top

Reply By: danielost Posted: Thursday, August 23, 2007
“The real issue of this Blog and all of your Blogs is bush bashing.”


NO it is BUSH TRUTH. The fact that most of what Bush has and is doing you claim is Bush bashing. I just show the facts which you interpret as negative!
Reply #50 from JoeUser Forums Top
The issue is the millions of people that are in danger of losing their homes and the impact that will have on the economy!


the issue is that millions of stupid people are in danger of getting what they asked for!

I have a real estate business in Florida, all of this crap that you are just noticing has been public knowledge for two years. Countrywide was dumb enough to loan money to people that could not afford the loan. People bought houses but did not manage their money so they could keep the houses. Would you get an ARM? The answer should be no unless you can afford one. People have been offering fixed rate mortgages for the last two years because this was coming and there was plenty of time to refinance from an ARM to a fixed rate mortgage. The stupid ones waited until they no longer qualified for a fixed rate and are now crying in their beer. Countrywide could have made the transition from ARMs to fixed and saved the company and the homes but they got greedy and waited too long. Any time you get told that the market is going to change in two years and you don’t do something about it then it is your fault for being stupid.