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Paulson Warns of Limits to Propping Up Economy

By Zachary A. Goldfarb
Treasury Secretary Henry M. Paulson Jr. said today that there are limits to what the government can do to contain the unfolding economic downturn, but he defended the steps taken to stimulate the economy and stabilize the financial markets.

"When there are excesses, excesses we've seen in the housing market, a correction there is inevitable. You're going to see a correction. Can we outlaw the forces of gravity? You know, how much can government do?" Paulson said on "Fox News Sunday. "But this administration has been focused on this."

Paulson stood by the decision last week by the Federal Reserve to help bail out investment bank Bear Stearns. "I think we made the right decision. I think the Federal Reserve made the right decision here," Paulson said.

Paulson added that the financial markets remain strong but that the government "is prepared to do what it takes to maintain the stability of our financial system."

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Posted at 5:35 PM ET on Mar 16, 2008  | Category:  Sunday Talkies
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Obama's efforts to connect to the Republican Party, specifically Bush, and Dick Chaney, of the Halliburton Company, dates back to the Presidents Grandfather, Prescott Bush, and indeed Chaney was once an executive officer of Halliburton.

The American military pounds Iraq with Artillary, bombs, and the like, destroying large sections of cities, and infra-structures, then Halliburton comes in to rebuild. Halliburton and Halliburton associated companies have raked in ten's of billions.

Obama is just like the BIG HALIBURTAN. Haliburton has contracted to build detention centers in the U.S. similiar to the one in Quantanammo Bay, Cuba. Halliburton does nothing to earn the Two Dollars for each meal an American Serviceman in Iraq eats.

http://www.halliburtonwatch.org/

Halliburton was scheduled to take control of the Dubai Ports in The United Arab Emiirate. The deal was canceled when Bush was unable to affect the transfer of the American Ports.

Now we see what some might suspect as similiar financial escapading from the Democrats.

Two years ago, Iraq's Ministry of Electricity gave a $50 million contract to a start-up security company - Companion- owned by now-indicted businessman (TONY REZKO) Tony Rezko and a onetime Chicago cop, Daniel T. Frawley, to train Iraqi power-plant guards in the United States. An Iraqi leadership change left the deal in limbo. Now the company, Companion Security, is working to revive its contract.
Involved along with Antoin "Tony" Rezco, long time friend and neighbor of Democratic Presidential hopeful Barack Obama, and former cop Daniel T. Frawley, is Aiham Alsammarae. Alsammarae was accused of financial corruption by Iraqi authorities and jailed in Iraq last year before escaping and returning here.

LIKE FATHER LIKE SON --
Recently, Obama's campaign staff have been vetted by the IRS to disclose his connection to the criminal money generating underworld. Besides, his connections to the REZCO MAFIA types, his up-coming tax fraud charges -- Obama needs to disclose why he is a MUSLIM "PATWANG-FWEEE" and disclose Obama's MUSLIM Farrakhan mob connection to Chicago's Trinity United Church of Christ. Its minister, and Obama's spiritual adviser, is the Rev. Jeremiah A. Wright Jr. In 1982, the church launched Trumpet Newsmagazine; Wright's daughters serve as publisher and executive editor. Every year, the magazine makes awards in various categories. Last year, it gave the Dr. Jeremiah A. Wright Jr. Trumpeter Award to a man it said "truly epitomized greatness." That man is Louis Farrakhan. Farrakhan and Chicago's Trinity United Church are trumpeting Barack Obama AKA Barack Hussein Obama as the second coming of the messiah. Obama should stop suppoting our intervention in IRAQ. It's time to introduce this false, fake Xerox - X box Obama and invite the self-indicting thief plagiarizing pipsqueke "GLORK" Xerox - X box to meet the Buffalo "GAZOWNT-GAZIKKA" Police Department Buffalo Creek. He is MAD!!! --

OBAM YOU'RE NO JFK --

"GLORK" Obama looks like Alfred E. Newman: "Tales Calculated To Drive You." He is a MUSLIM "Glork" He's MAD!!! Alfred E. Neuman is the fictional mascot of Mad. The face had drifted through American pictography for decades before being claimed by Mad editor Harvey Kurtzman after he spotted it on the bulletin board in the office of Ballantine Books editor Bernard Shir-Cliff, later a contributor to various magazines created by Kurtzman.
Obama needs to disclose why he is a MUSLIM "PATWANG-FWEEE" and stop suppoting our intervention in IRAQ. It's time to introduce this false, fake "GLORK" Xerox - X box Obama and invite the self-indicting thief plagiarizing pipsqueke Xerox - X box to meet the Buffalo "GAZOWNT-GAZIKKA" Police Department Buffalo Creek.

Michelle Obama should be ashamed.

"GLORK" Michelle Obama should be ashamed of her separatist-racist connection to Farrakhan and Chicago's Trinity United Church trumpeting Barack Obama AKA Barack Hussein Obama as the second coming of the messiah. If Michelle Obama new what her husband -- the Hope-A-Dope, Fonster Monster -- Barack Obama AKA Barack Hussein Obama did in Harlem, she would wash her wide-open, Hus-suey loving MUSILM mouth out, with twenty-four (24) mule-team double-cross X-boX-BorraX. He is a MUSLIM "Glork" It's time to introduce this false, fake "GLORK" Xerox - X box Obama and invite the self-indicting thief plagiarizing pipsqueke Xerox - X box to meet the Buffalo "GAZOWNT-GAZIKKA" Police Department Buffalo Creek. He's MAD!!!

http://www.halliburtonwatch.org/

Posted by: jreno10 | March 18, 2008 12:50 PM

Paulson needs to worry LESS about propping up the economy and MORE about the wire transfer of money that he still has yet to post to my account. I hope Washington Post is reading this email. Sprint stole millions of dollars from my 401k account and was ordered to pay it back with interest via a Sprint class settlement that they still have not paid The judge ordered the payment 08-04-06!! I hope my story hits every news airwave across the country so that the hundreds of Sprint employees still waiting on their money can receive it. Thanks washington post for posting great articles and keeping us informed.

J

Posted by: ecoushata | March 17, 2008 8:02 AM

Now Paulson, Bernanke, and Bush Insider Group will Bail-Out the Criminal Bankers, - lowering the $Dollar further! If Criminal Corporations can be forgiven Debt, then so can We the Sovereign Citizen! Each Citizen IS more or at least as Important as a criminal usery Banking Corporation. So We the People now have been handed the o'k to Stop paying Credit Card Usery Debt to these Criminal Banks!? Great! - Many of us are loosing our Homes, Jobs, Cars, and Lives anyway to these Usery Banks! Thanks Paulson & Bernamke for justifying not paying Debts to Thievery Credit Card Corporations! Finally We get a break! "God Bless America".

Posted by: jward52 | March 17, 2008 7:24 AM

Paulson reminds me of something I encountered this Morning. It also was a very despicaple thing that reeked of a very foul stench.

SO, I flushed it away! ;~)

Posted by: rat-the | March 17, 2008 2:38 AM

This is serious and I wonder if any of the candidates actually realize just how far up the creek we just may be...

When top citizens and mega rich investors like Jimmy Rogers are packing up and leaving the USA for foreign lands, then we should see the warning signs;

Top U.S. Investor, Jim Rogers- pulling out for Asia:

http://ronpaul.myfeedportal.com/viewarticle.php?articleid=52

Now, what would any of the major candidates offer to a weak USD, High-Oil, financial crisis, nation broke (and at war) as a solution to this?

Posted by: davidmwe | March 17, 2008 2:17 AM

In the upper right corner , this site list Ferraro as a top story.
Not Obama's race baiting preacher, but a week old story.

you all should be fired

Posted by: newagent99 | March 16, 2008 7:19 PM

I wonder why people want to be your President. There is so much trouble ahead. Look how they avoid the recession tag, fact is, there is a depression ahead most likely. They call it the perfect storm for a reason.

http://tpzoo.wordpress.com/2008/03/13/its-the-economy-stupid-part-2/

Posted by: old_europe | March 16, 2008 6:25 PM

The fall of Bear Stearns is much more serious than Paulson lets on.
http://jtaplin.wordpress.com/2008/03/16/bear-stearns-fire-sale/

Posted by: Trumbull | March 16, 2008 6:05 PM

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