Trump to oversee ‘fiscal bloodbath’ instead of prosperity, says Reagan OMB director

CNBC ^ | 21 January 2017 | Brian Price

[Lorianne]

Well yes, he got left a financial mess (never cleaned up from 2008 and made even worse) and no matter who became president the chickens are going to come home to roost.

[tomkat]

Trump can handle it, and we'll be waiting for Stockman's humble mea culpa.

(till hell freezes, prolly)

[Behind Liberal Lines]

Isn’t stockman the nincompoop who told Reagan trickle down economic policies would never work

[Grampa Dave]

Get lost Stockman, we don’t want/need to hear from you.

[Organic Panic]

20 trillion dollars of debt and hundred of trillions unfunded future debt will do that to a nation. None of which is Trumps fault

[Jim W N]

CNBC, the Lying Leftist Media. They are presumed to be lying and we should assume what they publish is a lie. The presumption can only be rebutted with the outlet providing clear and convincing evidence they are not lying.

[Lorianne]

Exactly. But he is left with a mess to try to clean up. Even a superhero could not do it IMO but he might make a dent in it.

[freedumb2003]

Another in the increasingly long list of irrelevant “I’m important dammit!” tantrum throwers.

[facedown]

David Stockman, lol.

[DannyTN]

If Trump can’t handle it, I doubt anybody could.

Trump is the ONLY politician, I’m aware of that was willing to address the offshoring issue with Tariffs. No one else had a plan. Most wanted more so-called free trade.

He’s the only one that focused on jobs.
I think he may be the only one that has recognized the importance of the energy sector to the economy.

[DannyTN]

[ScholarWarrior]

I guess the spanking that Reagan gave him finally wore off...To the woodshed with Dave!

[Fiddlstix]

In A Word...
YES!

[nikos1121]

Seems to me the stock market saw a very huge correction early on in Reagan’s presidency. What was it, black Thursday or Tuesday or something? And then there was the Reagan Bull Market.

So, whatever happens from here out is Trump’s fault?

Idiots.

[Dr. Sivana]

Stockman didn’t even like Reagan when he was in office. Not the greatest barometer. Laffer had much to do with both Reagan AND Trump’s economic plans.

[oldbrowser]

We definitely have a heavy load to carry.

But we do have an ace in the hole.

American Energy production.

[Terry Mross]

Yes. And I believe Reagan quietly let Stockman go.

[rockinqsranch]

Seems to me Stockman’s been making his fortune predicting fiscal apocalypse for seemingly ever. He wore out the cry of wolf a while back me thinks.

[Hostage]

Reagan took Stockman to the woodshed, and yes, ‘woodshed’ is exactly the word that President Reagan used.

http://www.nytimes.com/1981/11/13/us/stockman-offers-reagan-regrets-and-keeps-his-job.html?pagewanted=all

[Lurkina.n.Learnin]

Stockman has predicted 27 of the last two market crashes.