David Stockman
David Stockman
David Alan Stockmanis a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michiganand as the Director of the Office of Management and Budgetunder President Ronald Reagan...
cutting republican politician
If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing.
way sides kind
It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory.
brighter future passed rebuilding storm
Now that the storm has passed and rebuilding will restart, the future is even brighter for Biloxi,
echo operated president
He operated on the echo principle: He told the president what he wanted to hear.
looking
Any of us that are in the marketplace now are looking for more opportunities,
none numbers understand
None of us really understand what's going on with all these numbers
ideas brilliant great-depression
Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all.
wall military math
In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take the presidency and both houses of Congress. Mr. Romney and Mr. Ryan have no plan to take on Wall Street, the Fed, the military-industrial complex, social insurance or the nation’s fiscal calamity and no plan to revive capitalist prosperity — just empty sermons.
war japan advice
The United States is broke — fiscally, morally, intellectually — and the Fed has incited a global currency war (Japan just signed up, the Brazilians and Chinese are angry, and the German-dominated euro zone is crumbling) that will soon overwhelm it. When the latest bubble pops, there will be nothing to stop the collapse. If this sounds like advice to get out of the markets and hide out in cash, it is.
race today wealth
In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net worth of $40 trillion. The top five percent have gained more wealth than the whole human race had created prior to 1980.
cutting hair overcoming
A veritable incubator of short cuts, schemes and devices to overcome the truth.
guy political other-guys
I'm just not going to spend a lot of political capital solving some other guy's problem in 2010.
insanity world central-banks
Insanity has infected all the central banks of the world.
home dollars debt
One thing is certain. At some point global investors will lose confidence in our (U.S.) easy dollars and debt-financed prosperity, and then the chickens will come home to roost.