"History is a wonderful thing, if only it was true"
-Tolstoy

Monday, July 10, 2006

Heavy Hitter at the Plate

Paulson, Taking Treasury Post, Emphasizes Global Issues

"Mr. Bush, who wooed Mr. Paulson from his post as chairman of Goldman Sachs, said on Monday that the former executive would have a central role in setting the agenda and implied that the Treasury Department would regain some of the power it lost to White House advisers during Mr. Bush’s first term.

“Hank Paulson will be my leading policy adviser on a broad range of domestic and international economic issues, and he will be my principal spokesman for my administration’s economic policies,” Mr. Bush said before Mr. Paulson was sworn in."

Likely will be dealing with issues of budget, trade, China (reportedly has made 70 trips there), and managing slowdown in the economy due to interest rate hikes.
Well know manager of risk.

Good.

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