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Hank Paulson in Treasury; wow
Topic Started: May 31 2006, 02:44 AM (185 Views)
jon-nyc
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Cheers
THis is good news. And he wouldn't have taken it unless he was offered lots of influence over economic policy. THat's even better news.

In my defense, I was left unsupervised.
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George K
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Finally
To those of us that are financially naive, why is this good?
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Nothing is as effective as homeopathy.

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Jolly
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Geaux Tigers!
Jon gets a bonus from G-S....
The main obstacle to a stable and just world order is the United States.- George Soros
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kentcouncil
Fulla-Carp
G-S guys are very good at what they do.
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jon-nyc
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i think its a mistake to put an industrialist in treasury - it should be given to a finance guy. industiralists are great, but thats why we have a commerce department. at the end of the day, the markets view industrialists as customers rather than leaders. its more than just the markets view of the secretary that worries me, its the secretaries view on things like fiscal and trade imbalances, policy re dollar, policy re trade, etc.

2nd point - the fact that paulson took it - after turning it down flatly for so long - means he was ceded a great deal more authority than his two predecessors. lessening economic policy influence of the WH inner circle and shifting it toward paulson is necessarily an uptick.

3rd point - this is evidence that Bolton is able to effect change - again, change at this point is necessarily an uptick.
In my defense, I was left unsupervised.
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