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.
