Posted on 08/07/2017 6:54:05 AM PDT by EdnaMode
David Stockman, who headed the Office of Management and Budget under Ronald Reagan, in a new commentary warns: Ultimately, the hammer of fiscal crisis and a crashing stock market will break any remaining loyalty of the GOP elders as they smell the 2018 elections turning into a replay of the rout of 1974.
And then the Donald will be gone, and well before August 2018, too. I told an audience in Vancouver last Friday that it could happen by February.
The bottom line is that the Swamp is so undrainable that it will end up making mincemeat of Donald Trump....
In essence, the Donald is the ultimate bull in an exceedingly fragile China shop — and an already badly wounded one at that.
So it is no understatement to suggest that the S&P 500 at 2470 and the Dow at 22,000 is about as fragile as the “market” has ever been.
And Amazon, poster boy for Bubble Finance, is trading around 190 times earnings.
Any untoward pinprick could send it into a tailspin — meaning that the coming political bleeding-out of the Donald amounts to a 50,000 pound pin.
It’s the mighty Orange Swan that will lay the casino low like never before. At the moment, I am not as concerned about the economy as Stockman. I see short-term trouble ahead for the stock market but I don't necessarily see the stock market causing another major recession in the near term.
That said, how will the unpredictable Donald Trump deal with a market crash? Will he spook the entire system?
And what about all the generals that surround him?
And if Trump makes it through February, will he make through the Ides of March?
Not even Julius Ceasar could make it through that mark on the calendar with angry senators around him.
David seems to get everything wrong in the recent past.
I honestly think these fools believe that if they close their eyes and wish hard enough that the election results will go away, and they’ll wake up with Jeb! or Hillary as President.
The market is crashing?
Pretty sure he means February of 2025. Probably Jan. 20th 1201 p.m. 2025. Earlier than stockman predicts.
“This nothing short of a coup against a democratically elected President.”
Most of half of American voters wholehatedly support it.
If Stockman was a stopped clock he would be right zero times per day.
Stockman need to be taken “to the woodshed” again.
He’s reading from the book of John Kerry.
Backward, stupid, self-delusional...
Boom! Take this line and run with it Mr. President. An admission that DC is a swamp in need of draining.
Arrest traitors to the Republic.
Quote: “Not even Julius Caesar could make it past that mark in the calendar with angry Senators around him.”
That is an apt comparison Mr. Stockman. But as I recall, the angry Senators surrounding Caesar did not fare well.
It’s “Peak Trump”!
Ever since he got drunk and turned on President Reagan, the only people who talk to him, are those who want to know what he knows... even though, those who know anything about the real economy, don’t talk to David Stockman about anything.
Yeah a lot of people are still in denial over the election.
More gaslighting Never Trump garbage. The GOPe may be greedy and lazy but they are not imbecilic. They know in their hearts if Trump goes so do his voters. And that’s why they hate him so much.
Stockman is promoting and advocating sedition and insurrection. He’ll have Sessions down on him............. any day now.
They are playing with fire, and Trump should start pointing out the establishment RINO’s he wants out.
LOL, agreed.
I am starting to feel all these stories about the swamp will end Trump is actually the swamp ppl spreading disinformation.
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