Mr. Paulson, a former chief executive of Goldman Sachs Group, repeated his view that the U.S. economy is fundamentally on sound footing and would dodge a recession. [Look out the window. My God, why it's a....a......a...... pig flying by with large golden wings!] Still, he warned again yesterday that the chances of worse-than-expected economic growth are greater than the chances of an upside surprise.
Part of the reason for this statement/publicly stated belief is Paulson needs to show strength for the cameras. I get that.
But at some point honesty becomes a better policy in my opinion.
Of course, he may actually believe that, in which case we should have him examined for possible commitment......
Barry at the Big Picture addresses the same issue here. It is well worth the read.
