WASHINGTON (CNN) - Treasury Secretary Henry Paulson assured CNN’s Wolf Blitzer on Sunday morning that the stimulus tax rebate issued to millions of Americans this year is working.
“When you look at the consumer data we have for the second quarter; you look at retail sales, the stimulus package is working,” Paulson said. “And it's coming at a time when it's very much needed.”
But Paulson rejected the idea of a second stimulus package of $50 billion, which has been proposed by Democratic House Speaker Nancy Pelosi and other democrats.
“We put it together so it would be big enough to be meaningful to the economy today, and not so big that it was going to jeopardize our fiscal responsibilities and some of our longer-term priorities,” Paulson said.
He stressed that the focus needs to be on the stability of our capital markets, energy prices, and the housing market.
Treasury Secretary Henry Paulson, God bless his heart, doesn't know his head from his arse. The oil tycoons in the Whitehouse don't care about America. All they care about is looting this country for everything it's worth in their final days in power.
Hoarding oil into the Strategic National Reserves to artificially decrease the supply on the market, which cases an obvious increase in prices is how the Bush Administration has engineered one of the most threatening but profitable energy issues in the history of our nation. The oil speculators are just a scapegoat.
Many presidents have done some bad deeds in their times in the Whitehouse, but President Bush has been, by far, the worse.
I don't believe it – look around you and what do you see – people in financial distress that runs deep and wide.
mine went to pay the bills
still broke due to gas prices
What a joke.
I just got my stimulus check and I repaid part of the loan I had to take just to pay my taxes.
Good grief. I have never heard Pelosi to say something motivating except of ethics that she was admired for that seems to have been given some slack recently.
I used my stimulus package to stimulate my gas tank. Whoopie.
Stimulus working? Ummmmmm ...come out of your bubble and walk in the real world
If I made his salary I could say it's working too.
Ask some of the people who have lost their jobs to outsourcing or NAFTA, or thru CAFTA in the future. After all, McCain DID campaign in Columbia trying to get that set up.
I'm not gonna lie but I'm not a big fan of a second one, to tell you the truth. Just as long what the people want, I'm fine with it....
The stimulus package was a publicity stunt. Most of that money we received went back into the pockets of the oil companies when we pulled up to the pump. It was not spent at Joe Shmo's small business or the mall like it was intended.
Now think people:
WHO DID IT REALLY BENEFIT?
T.H.I.S. I.S. C.A.L.L.E.D. A. S.E.T. U.P.
AMERICA WAKE UP PLEASE!!
I WOULD NOT STEER YOU WRONG.
Another billionaire who doesn't understand that we are making choices between gas for our cars, heat for our homes and food for our tables....oh let's not forget medicine.
The stimulus package was a joke that did not stop the bleeding of us ordinary folks making less than $50K a year
Stimulus what?? That hasn't worked. How about creating jobs. That would be a permanent Stimulus. Wasted Billions as this Administration has over the last 8 years.
How many more of these liars will keep coming forward to pull the wool over our eyes? The economy has not improved one bit since the "stimulus" plan came into effect. How about we focus on lowering the debt that 8 years of Republican leadership has ballooned out of control? Why did this administration not listen to economists who advised against the stimulus plan? How can the treasurer, McCain or any one with a brain say that this stimulus plan is a success?
SURE IT'S WORKING???????
PAULSON READING FROM THE BUSH-MCBUSH BOOK OF
ECONOMICS FOR THE VERY WEALTHY.
YEA SLEAZO, ITS WORKING FOR YOU & YOUR CRONIES. IT'S
NOT WORKING FOR 90% OF AMERICANS. IN A FEW MONTHS
GAS WILL HIT $6.00
THIS MORON & ALL THE OTHER MORONS AT
THE WHITE HOUSE WANT TO TELL US THAT
WE ARE NOT HAVING IT SO BAD. WE PICK UP ALL
THEIR TABS. NO ONE IS PICKING OURS.
THEY SPENT THE LAST 8 YEARS PICKING OUR POCKETS.
AND NOW THEY WANT US TO VOTE IN MCCLUELESS
TO CONTINUE THAT EFFORT.
I paid my taxes to the government with my stimulus check so if thats working then I am in the game
IT'S WORKING FOR BUSH AND COTHIEVES.
IT IS NOT WORKING FOR AMERICANS & AMERICA.
WE DESERVE ALL OF IT FOR ELECTING HIM.
A PEOPLE DESERVE THE LEADERS THEY ELECT.
LETS NOT DO THAT AGAIN. WE HAVE WAY TOO MANY
"PROUD TO BE BROKE" AMERICANS CONSIDERING
VOTING FOR MCCLUELESS AS WELL. THREE VOTES ARE
TOO MANY. LETS NOT COMMIT ECONOMIC SUICIDE FOLKS.
These people live with their collective heads in the sand....the stimulus package was spent on utility bills and rent ,not "big ticket" items. They have no clue because the sad state of the economy is not affecting them.
I can feel it, I CAN FEEL IT! It's a workin' now. Praise the lord, my mental recession is OVER!
Makes me want to donate to the Republican Party.
I thought that Republicans didnt like the government getting involved with the economy.......McCane calls for the government to get us out of the gas increases. McCane calls for the government to bail out mortage companies. McCane calls for the government to occupy other countries. hmmmmm........is McCane really a conservative? NO...
Is Paulson working, though?
I'm still waiting for my stimulus check...