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Reagan Budget Director: Republicans Are Leading Us To Another Massive

David Stockman was appointed as Director of the Office of management and Budget (OMB) by President Ronald Reagan. He was committed to the supply-side economics doctrine along with the curtailment of a strong social safety net.

Stockman wrote a prescient op-ed in the New York Times today titled “State-Wrecked: The Corruption of Capitalism in America”. This is not the first rant about the state of America’s supply-side economy (trickle down economy) by Stockman, one of its authors. Back in 2010 I wrote the article “Right Wing Republicans Caused Economic Apocalypse – So Says Reagan’s OMB Dir David Stockman” dissecting Stockman’s “mea culpa” in his article Four Deformations Of The Apocalypse where he said:

This debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party’s embrace, about three decades ago, of the insidious doctrine that deficits don’t matter if they result from tax cuts.

More at link:

by Anonymousreply 704/28/2013

Ronnie "trickle down" Reagan created this mess. Nice try at re-writing history.

by Anonymousreply 104/01/2013

OP's thread title: "oh, dear."

Second, anything or anyone having to do with Raygun has no fucking clue what they're talking about.

by Anonymousreply 204/01/2013

David Stockman is the man who put 'Reaganomics' into action. He quit when he realized 'Trickle Down' was a pack of lies and now he's warning us that the GOP is setting us up for another fall.

by Anonymousreply 304/01/2013

Well DUH.

by Anonymousreply 404/01/2013

Another article...

by Anonymousreply 504/01/2013

Even republicans know this...

by Anonymousreply 604/17/2013


by Anonymousreply 704/28/2013
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