``I believe that a strong dollar is in our nation's interest and that currency values should be determined in open and competitive markets in response to underlying fundamentals,'' Paulson said in a speech to students at Columbia University's School of Business in New York. Copies of his remarks were distributed in Washington.
Treasury secretary gives first speech
Maybe you were confused?
No I'm not confused. He's parroting the same line W has been saying from his first day in office. When he says he thinks the market should determine the value of the dollar, that's always been code in the Bush administration for a weak dollar, because W's big government policies determine where the dollar is going to go. Do I need to post a chart of the dollar index as proof of what W really means when he says he supports a strong dollar?
It's like when W says we are a nation of laws, but we have to be a welcoming nation. Look at the conditions clause of the statement to determine his true meaning.