dispatches from the new world of work

Mr Secretary

The Financial Times (09.18) had an article on Hank Paulson; in the newspaper the accompanying picture is Paulson with France's economy minister, Christine Lagarde. I had the oddest sensation. I realized how content I was to have Secretary Paulson running our economic policy. I rarely (never?) get that sensation when reading the declarations of a public figure. To the extent that anyone can keep a steady hand on the economic tiller, I think Paulson is the pick of the litter. (I felt the same way about Robert Rubin—maybe it's a Goldman Sachs thing—partially, it is indeed that.) I hardly endorse every action that comes from Wall Street, but Paulson's long track record is such, in a very tough environment that requires the utmost ballet skills, that he will deal with issues with conservatism and flair—and guide us as best as anyone can. Yup, I just felt mostly okay amidst the current volatility—courtesy Hank Paulson.

Tom Peters posted this on 09/21/07.

Comments

Agree 100% on Mr. Paulson - hopefully the new '09 January administration keeps him on somehow. Goldman even in subprime times amazes: "Goldman Sachs Posts Better-than-expected Q3 Results On Strong Fixed Income, M&A Activities - Update [GS]" - link below ... meanwhile UK endures new "football" sport aka run on banks! :>}

Posted by John at September 21, 2007 10:34 AM

Amen on Paulson. He may be the very best Cabinet appointment that Bush has made.

Posted by Tim Walker at September 21, 2007 2:17 PM

Boy, that's an endorsent. Are you saying this guy is even better than Rumsfeld?

Posted by GlenOrGlenda at September 22, 2007 12:45 PM