Washington D.C.--The man who looks a lot like he's headed for multiple-strokes (and why not) misspoke this week. No, he wasn't lying about some crime he had direct-involvement in...OK, I guess he did, but that's not the point.
Earlier this week, Paulson said we "have turned the corner on the economic crisis...and averted a financial collapse." Wow, does he like tempting the fates and the goddess called Providence.
Today, we're seeing the market react rationally to his Mesopotamian comments: the market's DOW Jones industrial standard went down below 8,000, or 7, 997.28, the lowest in at least five years. Yep, those comments are really having an effect on the market alright.
Consumer spending has hit a monthly-low in October with the biggest drop since 1947 (see the article a few posts below on lame-duck President Bush's comments on this at Federal Hall last week for yucks), a stunning 1%. Thanks Hank, keep talking, and see your doctor about your health, you look like shit. Such are the permutations of history overwhelming the scoundrels who have been on our necks for ages.
Maybe he'll hit some luck and contract Lou Gehrig's disease, but I heard it died with him. Were I Paulson, I'd emigrate somewhere very remote before Americans start burning him in-effigy. "But why not burn him in Washington?" says my cat. Indeed, why not?