David Stockman stabbed Reagan in the back first chance he got.
Quite a few Reagan cabinet and admin members are now RINOs. What a shame. They should have left town when their term was up.
econ bump for later........
This article is so one sided if it were a ship it would sink yet he claims it is bi-partisan.
What he leaves out is very telling for instance let’s talk about being in the pocket of Wall Street.
Barack’s Wall Street Problem is Now America’s
http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/
JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats
http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html
Contributions to Obama Campaign Track Bailout Money
http://pajamasmedia.com/blog/contributions-to-obama-campaign-track-bailout-money/
They all donated heavily to his Inauguration too...
Obama’s $170 Million Inauguration Has Been Financed Partially by Bailed-Out Wall St. Banks
http://www.huffingtonpost.com/2009/01/14/bailed-out-banks-donating_n_157960.html
BTW it was the Democrats who brought back Usury in the 1980’s!
Now let’s talk about Bernanke Zero kept him and hired tax cheat Geithner what does that tell you? Banana’s Ben continues to print and devalue our currency and he is monetizing our debt by doing so he allows the spending to continue.
The new regulations lol Dirty Dodd set them up and I mean set them up he lined his pockets just like obama did and they both got home loans from that crook Angelo Mozillio...
Out of Lehman’s Ashes Wall Street Gets Most of What It Wants
The great bank heist of 2010
Commentary: Wall Street wins, Main Street pays — again
“But it’s unfair to give the bankers all the credit for subverting democracy.
They couldn’t have done it without the Democrats.
Wall Street has spent years capturing the party establishment.
Think of the lavish campaign checks. The lucrative hedge fund “adviser” jobs. The pervasive influence of pinstriped “progressives” like Larry Summers and Bob Rubin.
This was the year the investment paid off. Big time.
Top Democrats were too terrified of alienating their sugar daddies to pass real reform.”
in full http://www.marketwatch.com/story/wall-street-wins-main-street-pays-again-2010-12-21?pagenumber=2
And then there’s Fannie/Freddie $6.3 Trillion left out of the budget but those GSE’s were run into the ground by democrats. Yet...
More big paydays at Fannie, Freddie
http://finance.fortune.cnn.com/2010/12/31/more-big-paydays-at-fannie-freddie/
He may have some points on the spending but he should lay the blame for being in the Banks pockets where it belongs.
While I was unimpressed with the article at the link, I am fascinated as to how you got put in charge of the:
“full body flame suit, tin foil hat, whistle past the graveyard, head in the sand” ping list.”
Did you mug a nun or something? Man, talk about bad karma. But thanks for pinging me to the train wreck. The fact the man completely misses it’s the spending, not the taxes that killed us makes the guy’s opinion worthless.
Now, if he claimed the republicans failed the economy by not only refusing to resist but steadily adopting the current keynsianism and statist economic policies of the left I'd be inclined to agree.
“Maybe this has been posted already”
Yes, and more than once.
David Stockman has been out of the public limelight for so many years, he now longs to be noticed again, at least one more time, and decided the best way to do that was to get the Lib-Left media to WANT to give him a public audience.
What he demonstrates most is that he is and always was more an opportunist than an economics-finance guy, and further, why it was a good thing that Reagan fired him.
He has learned well the media art that understands that - to get noticed and get your words turned into a media mantra - it is the severity of the charge that is more important than the presentation or veracity of evidence.