The Stanford Daily
Friday March 7, 2008
Paulson defends economic policies
Treasury Secretary says dollar will strengthen, calls economy "sound"
March 10, 2008
By Devin Banerjee
“Our economy is structurally sound [and] the long-term fundamentals are sound,” said U.S. Secretary of the Treasury Henry Paulson at the Arrillaga Alumni Center Friday evening. Paulson’s remarks came the same day Wall Street tanked to 2006 levels amidst a sluggish February employment report that heightened fears of recession..........
Ted Rudow III,MA
President Bush said each one of us would get a $600 check. Now, if we spend that money at Wal-Mart, all the money will go to China, if we spend it on computers, most of the money will go to Korea or India.
If we spend it on gasoline it will all go to the Arabs.....and none of these scenarios will help the American economy. We need to keep that money here in America .....so the only way to keep that money here at home is to drink beer, gamble, or spend it on prostitution. Currently it seems that these are the only businesses still left in the U.S.!
The American people have been making war and making money in their war jobs and their high salaries at the expenses of the poor Iraqis. In fact, almost all American industries, even non-war industries, are making money at the expense of the poor of other nations of the world.
No ungodly leader can solve the problem of having both peace and plenty without war. God is the only One Who can give them peace and plenty at the same time.--I mean all that they need. As long as a nation demands more than they need, in other words more than plenty, they demand absolute excess, extravagant luxury.--They have to rob the poor to get it, and to rob the poor to get it they have to wage war. America has been living in luxury at the world's expense while other nations are starving.
Ted Rudow III,MA