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Secretary Paulson evasive on raising sinking dollar 3/08

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Uploaded by on Mar 16, 2008

Bush's Treasury Secretary had two chances to explain how he would strengthen the sinking dollar that is now worth half the Euro, pushing gold to a record $1,000+ an ounce and oil over a record $111 a barrel.

Both times, he gave long and rambling answers that did nothing to explain what they intend to do... followed by my analysis as to just why.

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Uploader Comments (BI30)

  • This man is a liar and he's evil. He should be in jail. I hope there is a hell, because it's where this man belongs.

  • That might just be a LITTLE bit of an over-reaction. :)

    He's just toting the Party line.

Top Comments

  • does that mean anything anymore??? are they completely deillusional??? if you think a strong dollar is in the nation's interest, why not support a policy which strengten the dollar? since bush has taken office the doolar has sank and now is in a free fall.

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All Comments (13)

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  • Paulson is a lier... Mox News

  • Incompetent and uneducated clutz.

  • criminals ...nothing else to say.

  • this guy is a clown. i pity him

  • Basically what he just said @ 2:15 is more bailouts will increase the value of the dollar..WTF!

  • Currency rises and falls in value all the time. There is Exchange Market just for currency. Currency's value is depressed when you print more of it, which is what the Bush Administration has been doing to pay the interest on all the money it has been borrowing to pay for the war along with those tax cuts. And you increase the value of the dollar by taking more of them out of circulation and reducing the deficit, neither of which this Administration can do.

  • And the party line is to rearrange the deck chairs on the Titanic. This kind of PR

    exercise while serious problems and their

    solutions go unaddressed is taking this

    country down the tube.

  • This man doesn't know anything about how economy works. Shilling.

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