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Old 7th January 2008, 06:01 PM
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Uncle Sam tells Yankee Doodle he is on his Jack Jones and Wall Street heads North

I don't know what these guys have for brains, but it is fairly clear to me that Bush has thrown in the towel on his attempts at rescuing the economy:

<Paulson said a correction in the U.S. housing market -- characterized by slumping home prices and weak sales -- was "inevitable and necessary" after years in which banks and other mortgage grantors followed "lax" lending practices and prices had risen too quickly.

"Let me be clear that no single policy or action will undo the excesses of the last few years," Paulson said. He added that administration officials "recognize the risks we face" and will try to keep the economy "as strong as possible as we weather this housing correction." >

http://www.washingtonpost.com/wp-dyn...010701272.html

And the real cop out:

<"Our most immediate goal is to minimize the impact on the real economy," Paulson said in excerpts from a speech he is to deliver in New York later in the day. "This will require patience as we thoughtfully evaluate next steps.

"Working through the current situation and getting the policy right is more important than getting the policy announced quickly," Paulson added. >

Any Nomination for a seat on the ICANN Board. This guy would be perfect!
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