Skip to comments.Reagan insider: 'GOP destroyed U.S. economy'
Posted on 08/11/2010 1:03:09 PM PDT by Recovering_Democrat
"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."
(Excerpt) Read more at marketwatch.com ...
Is Stockman right? Partially? Wholly? I want some input from my fellow FREEPers.
He should be more specific....
David Stockman should be still...and he’s wrong.
Looks like he didn’t learn anything from being ‘taken to the woodshed’ by Reagan for his stupid comments back then.
How did I know it would be Stockman before I even read a word?
Compared to the unrepairable damage Obama is causing - no. Stockman is an idiot. He got sued because the private equity deal he put together fell apart.
LOL, David Stockman.
That scumbag was fired by Reagan, wasn’t he? In any event, he has been a laughingstock for over 2 decades. He’s a “Republican” like David Gergan is a “Republican”.
If you read Reagan’s memoirs, he basically says that Stockman was a thorn in his side. Of course, Reagan was much too classy to outright say that.
He stabbed Reagan in the back
He is right about what went wrong.
He is wrong about it was only the right.
As soon as I read the headline I muttered to myself, "Has to be that steaming pantload Stockman."
And of course it WAS!
Recriminations are pointless. Let’s look forward. Republicans need to gain power and they need to immediately start dismantling this Federal nightmare that has been growing for 50 years. If they don’t then God help us.
I think a once relevant guy is simply saying what he knows will garner him MSM coverage.
I remember an old political cartoon from the 1980s involving Stockman and Reagan. It showed Nancy Reagan holding the bridle of a horse while Ronald Reagan was pointing to the horse’s tail. The caption read “You know Nancy, this end kind of looks like Stockman, too.”
Summed up Stockman perfectly.
Stockman is a jerk.
And of course, as bad as those four decades of over-spending were, Obama has already outdone them in less than two years. No mention of that at all? Strange indeed.
He sure don’t sound like a Reagan insider.
Nixon did dump gold, and, when the Republicans finally got control of the house and Senate they did NOT cut spending.
I don't agree with him about the military at all, and our history emphatically demonstrates the risk we put ourselves in by reducing our military.
As for the financial markets, he is partially right. While the Republicans had the control, they did nothing to reign in the thieves at Goldman Sachs, did nothing to investigate the stupidity of the bi-partisan legislation that created the banking mess, and prosecute the liars and cheaters on both sides of the aisle.
The DemocRATs are more guilty, but only by a measure. Blame can be spread around to our politicians widely.
For what it’s worth, I think his criticism is on target. We have taken some of the worst policies of both parties and set up the coming collapse. Raising taxes would get my support if every cent was matched by deficit reduction. The economy would slow or even shrink, but continuing expansion on borrowed money is no longer an option and the downturn will either be hard but short or softer but much longer. I’m for ripping of the bandage and getting it over with before the generations responsible leave the scene to leave all the suffering to those that follow. Hard times and character building are overdue.
Some one is looking for a job in DC.