January 11, 2009

Statements made by Secretary of the Treasury, Henry Paulson ... Was he right?


12/06: The US economy is performing well despite the slowdown in the housing market.

03/07: Subprime fallout is largely contained.

03/07: The consumer in this country continues to be very healthy. This is a diverse economy and we've got a very, very healthy consumer.

06/07: The economy is stronger than at any time in the 80's and 90's and progress is being made to resolve nagging global imbalances.

08/07: We are going to work through this problem just fine... The economy remains in fundamentally good shape and should be able to weather the financial storm.

02/08: The nation will avoid falling into a recession… the economy is fundamentally strong, diverse, and resilient.

05/08: The worst of the United States’ credit crisis may have passed. There’s progress. I think we’re closer to the end of this.

07/08: Banks are safe and sound.

07/08: I believe we can get to the point within months where we turn the corner in housing. Where the biggest part of the housing correction is behind us.

3 comments:

SoCalT said...

Hahaha. I like it when Jim Rogers points out that these guys (Bernanke and Paulson) have been wrong for 100 weeks in a row! And these are the guys that we are looking to for answers???

Anonymous said...

Yeah but Obama will make it all better! Really - hehehehe

Anonymous said...

And this is the man to which they handed 350 billion. Go figure.

StatCounter

Extreme