Posted on 01/02/2011 8:06:22 AM PST by Chunga85
How: Gold. Tax cuts. Debts. Wars. Fat Cats. Class gap. No fiscal discipline
ARROYO GRANDE, Calif. (MarketWatch) -- "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."
Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."
Yes, Stockman is equally damning of the Democrats' Keynesian policies. But what this indictment by a party insider -- someone so close to the development of the Reaganomics ideology -- says about America, helps all of us better understand how America's toxic partisan-politics "holy war" is destroying not just the economy and capitalism, but the America dream. And unless this war stops soon, both parties will succeed in their collective death wish.
(Excerpt) Read more at marketwatch.com ...
Yes, he is.
Government is necessary for the same exact reason that socialism/communism are stupid concepts and always fail - people are self-interested and it is not possible to legislate altruism.
Government's proper role is to ensure that society remains a meritocracy, and to protect each individual’s right to prosper on the basis of their own efforts and creativity. That's why we have patents, for example.
As an economist, it is self-serving for Stockman to propose that the economy is more complicated than market forces make it.
Yes, I am an unrepentant skeptic and cynic. Perhaps I'm being naive but I believe (hope) Palin may just be a real person with enough spine to resist becoming part of "The Machine".
I see no one else.
Note to all:
This hit-job by Stockman was written in August of 2010. His effort to sabotage the November election didn’t work, did it. :)
If you consistently spend more than you bring in, you will crash and burn. Stealing other people's and/or other countries' resources through taxation and/or conquest only postpones and makes worse the inevitable.
Bush 41 and Bush 43 should have known better, but considering where they went to school, how could they? Ivy League is like poison ivy for the intellect. All for ego with no wisdom or common sense.
What a Joke!
David Stockman disagreed with Ronald Reagan’s Trickledown Economy theory and publicly ridiculed it. Then he resigned and ridiculed it more. But it was only for a short time, until the economic numbers on Reagan’s policies came in. Surprise, in 1983 - 1984 the economy rebounded disproving Stockman’s criticism and validating Reagan’s economic policies.
David Stockman was not a Reagan insider. He was a prima donna who resigned in policy defeat and disgrace. He was wrong then and is wrong once again. Blaming the GOP for the 2006 - 2010 Democratic Congress’s economic policies is deceitful.
David Stockman is a LOSER and a liar.
Cloward and Pivens arent republicans....nor was ALinski...
It is THEIR followees that will gladly tank the economy...and did so starting when they retook congress in 06’
Look at the unemployment rate from 2000 to 2010....
The truth will be self evident....
Its David Stockman. Reagan took him to the woodshed
State-run media sure loves RINOs like McCain and Stockman, don’t they?
Who really gives a fat rat's ass what this traitor says, he's well loved by the msm, kinda the david brock of the financial group.
Yes! One reason I liked the Stockman article is that he didn't go for the easy it's-the-other-party's-fault routine.
But this financial mess is not all the GOP's fault, obviously. The Dem's were a willing partner, and perhaps the senior partner.
Stockman should have made that point as well.
I suspect you're right about how Stockman will be treated (as witness the posts on this thread). And it's true that part of his motivation for writing this stuff is to garner another 15 minutes of fame. And it's also true that the GOP is as guilty as anyone of letting things go to the point they've now reached. But not solely guilty.
Of course, the problem is, as you've stated, that the American public have surrendered their political authority to those whose ambitions have led them to so-called "public service." As the old saying goes, eternal vigilance is the price of liberty, and Americans -- including people like you and me -- took our eye off the ball a long time ago.
And just like then, the Dinosaur Media today gives him all the ink and face time he wants. Fortunately, they no longer totally control the flow of information.
The only danger to the American economy, comes from the terrible truth that we’ve taken everything which actually makes money for America - factories, technology, production - and sent them to other countries.
Until we reverse that, we are in fact, truly doomed.
So. Let’s reverse that.
Even though I’m no fan of Stockman, there’s a lot of truth here.
There is indeed a lot of truth here. The Republican Party as a DC political institution has in recent decades deceived us, has lost its courage, and its message. That is painfully obvious as many many on FR have repeatedly said.
But it is also obvious that this Stockman character, as other posters here imply, just wants his time in the Sun, and will accept New York Times blood money, as they are so willing to pay, and will stab his own mother for his own aggrandizement. This is a truly despicable person. And of course the NYT is beyond that.
If we cannot discern the egomania of a personage from an objective analysis of the issues which engulf us, then, ala Barack Obama, we are headed toward Maoism. (the French Revolution and Napolean were an explicit example of this incidentally).
There is a fairly simple solution to the economic woes in the US. Unleash the free market and let entrepreneurs, not the government, develop and husband our natural resources.
econ bump for later........
Only a Libtard believes that shit....anyone who pays attention knows who ran the economy into the ground and why...
Soro’s made BILLIONS shorthing the US housing market while his paid lackeys brought about the fall in housing prices by overloading the market with worthless mortgages...
http://moneyrunner.blogspot.com/2009/03/soros-profiting-from-your-loss.html
Cloward - pivens...crash the sytem by over loading it to the point of systemic collapse...
In thier own words......Fanny and freddie are FINE!!!!
http://www.youtube.com/watch?v=_MGT_cSi7Rs
FOLLOW THE MONEY!
Do your homework before you post shit like this without a huge barf notice.
Some of us HAVE been paying attention and know what the truth is....and just whom...is zooming who....
GOP? Marxists?
The Bankers appear to have
gotten the most money.
PreOBAMA -—— NASA 10 billion per year
PostOBAMA —— NASA servant to the 57 States
-——————— Bankers 2000+? billion per year + Sharia
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