How stupid are Treasury Secretary Walter Paulson's comments on housing looking now?

This quote will be one for the ages. Kinda like "we will, in fact, be greeted as liberators" and "I did not have sexual relations with that woman"

Here's Paulson in all of his laughable, bizarre, corrupt, misguided, lying glory:

WASHINGTON - The major slump in the housing market is nearing an end and should not have a significant impact on the overall economy, Treasury Secretary Henry Paulson said Wednesday.

"We have had a major housing correction in this country," Paulson said in an interview with a small group of reporters at the Treasury Department. "I do believe we are at or near the bottom."

"It doesn't pose a risk to the economy overall," he said.

US Treasury Secretary Henry Paulson goes on record, calls housing crash bottom

Ha.

Ha ha ha ha.

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Ha.

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Ha ha ha.

Treasury Secretary Henry Paulson delivered an upbeat assessment of the economy, saying growth was healthy and the housing market was nearing a turnaround.

"All the signs I look at" show "the housing market is at or near the bottom," Paulson said in a speech to a business group in New York. The U.S. economy is "very healthy" and "robust," Paulson said