Wells Capital Management Chief Investment Strategist James Paulsen is sounding optimistic on the economy, and today explained to Bloomberg TV the reasons for his belief that the solid growth is on the way.

Paulsen says that stimulus plans generally come with a significant lag time (as much as a year), and, because of that, much of the government’s massive stimulus has yet to hit Main Street. He also says that many pundits are underestimating the resilience of the U.S. consumer.

[Youtube=http://www.youtube.com/watch?v=91e9aTLh-u4]