Paulson Has To Go!

March 13, 2007
Treasury Secretary Henry Paulson said late Tuesday the turmoil in the subprime mortgage market is no surprise given the correction in U.S housing market. Paulson also said the fallout in subprime mortgages is "going to be painful to some lenders, but it is largely contained."

Apr 20, 2007
Treasury Secretary Henry Paulson said on Friday the housing market correction appears to be at or near its bottom and that troubles in the subprime mortgage market will not likely spread throughout the economy. "We've clearly had a big correction in the housing market. Retail housing was growing for some time at a level that was not sustainable," Paulson said in a speech to The Committee of 100. "I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained," he added.

Aug 1, 2007 (Yahoo News)
U.S. Treasury Secretary Henry Paulson said on Wednesday that the market impact of the U.S. subprime mortgage fallout is largely contained and that the global economy is as strong as it has been in decades."

May 7, 2008
'The worst is likely to be behind us,' Paulson told the paper, in one of the most optimistic comments by a top U.S. finance official since sub-prime mortgage losses set a domino effect in motion in mid 2007.

Aug 10, 2008
"We have no plans to insert money into either of those two institutions [FNM and FRE]," Paulson said in an interview with NBC's "Meet the Press" broadcast today from Beijing. He added that their earnings results were "not a surprise."

ENOUGH IS ENOUGH. Paulson is either the world's biggest liar or the world's biggest idiot. I was calling the end of the real estate bubble in February 2005, and it took the former head of Goldman Sachs by surprise? He is either the world's biggest liar or the world's biggest idiot. Why exactly would we trust this SOB with $700B of taxpayer money?

Not only should his plan be defeated in Congress; President Bush should fire his sorry worthless ass. Enough, I say!