David Stockman on the Economy...

[The Banker]

It's hard for Republicans to accept reality. The party of so called "taking personal responsibility" really just makes excuses blaming everyone else for their failures- Bush's mega economic meltdown. Trump has borrowed an insane amount of money 8 years into an expansion, pumped it into the economy to get a little pop and a sugar high, then we will have another crash just like Bush. David Stockman agrees with me. "His economic policies are unprecedented" (And that is not a compliment). Who are they going to blame for this crash?



"This year there's going to be $2.5 Trillion in stock buybacks and M&A deals, that's where all the money went. It didn't go into growth" - On the Trump tax cut.

 

[MarathonMike]

If you knew what you were talking about, you would know that the seeds for the 2008 crash were sown by Democratic hands beginning with Carter. But you pull out the same old "It was Booooooooosh's fault".

 

[JBvM]

It's hard for Republicans to accept reality. The party of so called "taking personal responsibility" really just makes excuses blaming everyone else for their failures- Bush's mega economic meltdown. Trump has borrowed an insane amount of money 8 years into an expansion, pumped it into the economy to get a little pop and a sugar high, then we will have another crash just like Bush. David Stockman agrees with me. "His economic policies are unprecedented" (And that is not a compliment). Who are they going to blame for this crash?



"This year there's going to be $2.5 Trillion in stock buybacks and M&A deals, that's where all the money went. It didn't go into growth" - On the Trump tax cut.

David was the expert on what Reagan eventually bought into. Reagan came late to that party after Sen Laxalt convinced him. Reagan knew little of the economic policy he bought into

and Carter's FED Chairman saved Reagan and then Reagan replaced him with Alan Mea Culpa Greenspan, Andrea Mitchell's creepy old husband

David finally let the cat out of the bag and was unceremoniously sacked as Reagan's first OMB Director. Truth telling was not allowed

 

[JBvM]

If you knew what you were talking about, you would know that the seeds for the 2008 crash were sown by Democratic hands beginning with Carter. But you pull out the same old "It was Booooooooosh's fault".

Why not go back to Nixon?

Cafeteria style bs suits you well

 

[The Banker]

If you knew what you were talking about, you would know that the seeds for the 2008 crash were sown by Democratic hands beginning with Carter. But you pull out the same old "It was Booooooooosh's fault".

Here you have it, the party of taking personal responsibility...

Actually we're here to talk about what Stockman has to say and me thinks you have nothing to say because what can you say??

 

[gipper]

Stockman has been predicting an economic collapse for many years. Sooner or later he will be right.

 

[sparky]

"His economic policies are unprecedented"

Actually, they follow Reagans very closely

~S~

 

[CrusaderFrank]

It's hard for Republicans to accept reality. The party of so called "taking personal responsibility" really just makes excuses blaming everyone else for their failures- Bush's mega economic meltdown. Trump has borrowed an insane amount of money 8 years into an expansion, pumped it into the economy to get a little pop and a sugar high, then we will have another crash just like Bush. David Stockman agrees with me. "His economic policies are unprecedented" (And that is not a compliment). Who are they going to blame for this crash?



"This year there's going to be $2.5 Trillion in stock buybacks and M&A deals, that's where all the money went. It didn't go into growth" - On the Trump tax cut.

Stockman has been saying the DOW should be at 800 for the past 10 years

 

[sparky]

Is there anyone who can't grasp the bubble economy we live in?

~S~

 

[CrusaderFrank]

It's hard for Republicans to accept reality. The party of so called "taking personal responsibility" really just makes excuses blaming everyone else for their failures- Bush's mega economic meltdown. Trump has borrowed an insane amount of money 8 years into an expansion, pumped it into the economy to get a little pop and a sugar high, then we will have another crash just like Bush. David Stockman agrees with me. "His economic policies are unprecedented" (And that is not a compliment). Who are they going to blame for this crash?



"This year there's going to be $2.5 Trillion in stock buybacks and M&A deals, that's where all the money went. It didn't go into growth" - On the Trump tax cut.

David was the expert on what Reagan eventually bought into. Reagan came late to that party after Sen Laxalt convinced him. Reagan knew little of the economic policy he bought into

and Carter's FED Chairman saved Reagan and then Reagan replaced him with Alan Mea Culpa Greenspan, Andrea Mitchell's creepy old husband

David finally let the cat out of the bag and was unceremoniously sacked as Reagan's first OMB Director. Truth telling was not allowed

Reagan took Stockman to the woodshed

 

[Remodeling Maidiac]

Actually we're here to talk about what Stockman

Bush's mega economic meltdown.

???

 

[Aldo Raine]

If you knew what you were talking about, you would know that the seeds for the 2008 crash were sown by Democratic hands beginning with Carter. But you pull out the same old "It was Booooooooosh's fault".

So Raygun and Boooooosh the Elder are not at all culpable. Sounds about right.

 

[percysunshine]

Fiscal discipline has been lacking in both parties for decades across many administrations and sessions of Congress.

Guess who gets to pay the piper....

 

[JBvM]

It's hard for Republicans to accept reality. The party of so called "taking personal responsibility" really just makes excuses blaming everyone else for their failures- Bush's mega economic meltdown. Trump has borrowed an insane amount of money 8 years into an expansion, pumped it into the economy to get a little pop and a sugar high, then we will have another crash just like Bush. David Stockman agrees with me. "His economic policies are unprecedented" (And that is not a compliment). Who are they going to blame for this crash?



"This year there's going to be $2.5 Trillion in stock buybacks and M&A deals, that's where all the money went. It didn't go into growth" - On the Trump tax cut.

David was the expert on what Reagan eventually bought into. Reagan came late to that party after Sen Laxalt convinced him. Reagan knew little of the economic policy he bought into

and Carter's FED Chairman saved Reagan and then Reagan replaced him with Alan Mea Culpa Greenspan, Andrea Mitchell's creepy old husband

David finally let the cat out of the bag and was unceremoniously sacked as Reagan's first OMB Director. Truth telling was not allowed

Reagan took Stockman to the woodshed

That's what they claim. He was not in his right mind. I doubt Reagan even knew where he was, let alone who his OMB director was.Did he say that reading from cue cards?

 

[MarathonMike]

If you knew what you were talking about, you would know that the seeds for the 2008 crash were sown by Democratic hands beginning with Carter. But you pull out the same old "It was Booooooooosh's fault".

So Raygun and Boooooosh the Elder are not at all culpable. Sounds about right.

Carter and Clinton signed legislation that was the foundation for subprime mortgage lending designed for people who had no business owning homes. Please specify what Bush the Elder and Reagan did to contribute to the subprime mortgage crisis.

 

[Lesh]

If you knew what you were talking about, you would know that the seeds for the 2008 crash were sown by Democratic hands beginning with Carter. But you pull out the same old "It was Booooooooosh's fault".

So Raygun and Boooooosh the Elder are not at all culpable. Sounds about right.

Carter and Clinton signed legislation that was the foundation for subprime mortgage lending designed for people who had no business owning homes. Please specify what Bush the Elder and Reagan did to contribute to the subprime mortgage crisis.

Oh christ...this zombie claim just won't die no matter how many times it is soundly debunked

No Petunia, it was NOT F&F or the CRA that caused the banking debacle

It was private banks

 

[Aldo Raine]

If you knew what you were talking about, you would know that the seeds for the 2008 crash were sown by Democratic hands beginning with Carter. But you pull out the same old "It was Booooooooosh's fault".

So Raygun and Boooooosh the Elder are not at all culpable. Sounds about right.

Carter and Clinton signed legislation that was the foundation for subprime mortgage lending designed for people who had no business owning homes. Please specify what Bush the Elder and Reagan did to contribute to the subprime mortgage crisis.

Did they try to influence Congress to change the law? What flavor was the Congress's that sent this legislation to Carter and Clinton?

 

[Wyatt earp]

If you knew what you were talking about, you would know that the seeds for the 2008 crash were sown by Democratic hands beginning with Carter. But you pull out the same old "It was Booooooooosh's fault".

So Raygun and Boooooosh the Elder are not at all culpable. Sounds about right.

I have a feeling the democrats going to do it again , instead of Barney Frank it will be Maxine to cause another world wide recession..


Just in spite.

.

.

 

[Wyatt earp]

Omfg ...it's going to happen, Maxine is going to play the Barney game..


.

 

[Marion Morrison]

Stockman has been predicting an economic collapse for many years. Sooner or later he will be right.

Even a broken clock is right twice a day.

Trump is fixing it so the US won't be in such a bad position when the inevitable recession occurs.

Consumer confidence is dropping somewhat with the election of a Democrat majority in the House. Dropping somewhat, nothing like Bush and Obama.