Three former U.S. Treasury secretaries agree: the U.S. has plenty of problems, but it’s still in a dominant global position.
“We’re a bright spot in the global economy,” Henry Paulson, the former Goldman Sachs chief who worked for President George W. Bush, said Monday at the Milken Institute Global Conference in Los Angeles.
Paulson noted that steady, if slow, economic growth since 2009 and rising home prices as examples of America’s enviable position compared to other countries.
“I’d rather invest in the United States than any other country in the world. We have tremendous comparative advantage,” added Robert Rubin, the former Citigroup executive who served under President Bill Clinton.
Timothy Geithner, who served under President Barack Obama, echoed the sentiment: “If you look at the challenges we face as a country, they are pretty historic challenges, and our politics are terrible. But I think you’d rather have our challenges than the challenges of any developed economy.”