Economic Stimulus Package, Henry Paulson, Senate Finance Committee, Stimulus Package
Economic Stimulus Package, Henry Paulson, Senate Finance Committee, Stimulus Package

Paulson: Senate's Stimulus Plan Is Too Complex

Reuters   |  David Lawder   |   January 31, 2008 12:18 PM


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Treasury Secretary Henry Paulson said on Thursday he was concerned that the $157 billion stimulus package passed by the Senate Finance Committee was too complex and he prefers the simpler House of Representatives version.

"Complexity is our enemy and I'm concerned that the bill that has come out of the Senate Finance Committee is already too complex. Once it gets on the Senate floor it's in danger of looking like a Christmas tree," Paulson told reporters at a news conference to highlight the Earned Income Tax Credit for low income workers.

Paulson urged swift Senate action on the bill but cautioned senators not to load the bill up with pet spending projects and more tax breaks. He said the House resisted that temptation and its bill was simple, broad-based and bipartisan.

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I would suggest you moonbats read a few books about the Great Depression. Most of what your advocating (raise taxes, institute tariffs, restrain good credit, minimum wage increases) are the exact actions that turned a recession into The Great Depression.

Those that chose not to learn from history are destined to repeat it.

    Favorite    Flag as abusive Posted 06:16 AM on 02/01/2008

Surely Dubya can just wipe out anything the Senate adds that he objects to with some more of his unconstitutional signing statements...

    Favorite    Flag as abusive Posted 12:28 AM on 02/01/2008

Paulson was the CEO of Goldman Sachs who's firm sold CDO's as investment grade, all the while knowing that they were crap wrapped in shiny paper. Then Goldman turned right around and shorted those purchased investments and made big money....... and as the deeds were gaining attention, Paulson comes running into the post of Secretary of the Fraudulent er, ah, Federal Reserve, where he evidently fits like a trojan. Oh yeah, here's to "full faith and credit" of the united states government.

    Favorite    Flag as abusive Posted 07:55 PM on 01/31/2008

The head of the Treasury Dept says it too complex? Or that it's too complex for Bush to understand?

Try this on for size: everyone over 18 gets a check (whatever amount), F the corporations, F the tax breaks, stop whining.

America is still a consumer-driven economy. Put it in the hands of people -- not some Americans, all Americans.

    Favorite    Flag as abusive Posted 05:53 PM on 01/31/2008

Paulson has the answers to some important questions urgently being asked by Americans from all walks of life regarding the overall state of our economy. All that is required to be effective here is tell the truth.

Charlie Rose failed to ask the questions.

    Favorite    Flag as abusive Posted 02:21 PM on 01/31/2008

Here is a simple plan: STOP THE BLOODY WAR,
stop borrowing half a Trillion dollars a year. Sue and prosecute the key people and organizations who pushed for and financially supported those policies.

    Favorite    Flag as abusive Posted 01:56 PM on 01/31/2008

What a shithead.

    Favorite    Flag as abusive Posted 01:31 PM on 01/31/2008

Paulson and his genius boss got us here and you want to listen to them as to how to get us out? Get a clue. Times have changed and we need new leadership. If the Senate has a better idea, they should go with it. Stop listening to the Administration who is only in the game to prove that Government doesn't work. We need to start listening to people who WANT government to work.

    Favorite    Flag as abusive Posted 01:08 PM on 01/31/2008

Paulson: "Senate's Stimulus Plan Is Too Complex . . . . " - translated = Fix the plan. Some of the money goes to people who deserve it.

    Favorite    Flag as abusive Posted 01:05 PM on 01/31/2008

I saw this assclown on Charlie Rose last night and it was a complete waste of time. Rose gave him a pass on everything.

The highlight of the night was when Paulson said that we have about the same number (15 million) of manufacturing jobs as we had in 1950 and that only automation has cost the american worker jobs and not "free trade". Can somebody please tell Paulson that the U.S. population has MORE THAN DOUBLED since then.

    Favorite    Flag as abusive Posted 12:44 PM on 01/31/2008
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