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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Education of David Stockman "None of us really understands what's going on with all these number
https://www.theatlantic.com/magazine/archive/1981/12/the-education-of-david-stockman/305760/
William Greider died this week at age 83. This essay, originally published in 1980, is widely considered his most famous piece of writing. It caused a firestorm of controversy when it first appeared. David A. Stockman, the budget director for the incoming Reagan Administration, spoke too freely to Greider about his doubts over Reagans supply-side theory of economics. Stockman was then, in his words, "taken to the woodshed" by the president.
"None of us really understands what's going on with all these numbers."
David Stockman
I. How the World Works
Generally, he had no time for idle sentimentality, but David A. Stockman indulged himself for a moment as he and I approached the farmhouse in western Michigan where Stockrnan was reared. With feeling, he described a youthful world of hard work, variety, and manageable challenges. "It's something that's disappearing now, the working family farm," Stockman observed. "We had a little of everythingan acre of strawberries, an acre of peaches, a field of corn, fifteen cows. We did everything."
A light snow had fallen the day before, dusting the fields and orchards with white, which softened the dour outline of the Stockman brick farmhouse. It was built seventy years ago by Stockman's maternal grandfather, who also planted the silver birches that ring the house. He was county treasurer of Berrien County for twenty years, and his reputation in local politics was an asset for his grandson.
The farm has changed since Stockman's boyhood; it is more specialized. The bright-red outbuildings behind the house include a wooden barn where livestock was once kept, a chicken coop also no longer in use, a garage, and a large metal-sided building, where the heavy equipment in particular, a mechanical grape picker is stored. Grapes are now the principal crop that Allen Stockman, David's father, produces. He earns additional income by leasing out the grape picker. The farm is a small but authentic example of the entrepreneurial capitalism that David Stockman so admires.
As the car approached the house, Stockman's attention was diverted by a minor anomaly in the idyllic rural landscape: two tennis courts. They seemed out of place, alone, amidst the snow-covered fields at an intersection next to the Stockman farm. Stockman hastened to explain that, despite appearances, these were not his family's private tennis courts. They belonged to the township. Royalton Township (of which Al Stockman was treasurer) had received, like all other local units of government, its portion of the federal revenue-sharing funds, and this was how the trustees had decided to spend part of the money from Washington. "It's all right, I suppose," Stockman said amiably, "but these people would never have taxed themselves to build that. Not these tight-fisted taxpayers! As long as someone is giving them the money, sure, they are willing to spend it. But they would never have used their own money."
</snip>
William Greider died this week at age 83. This essay, originally published in 1980, is widely considered his most famous piece of writing. It caused a firestorm of controversy when it first appeared. David A. Stockman, the budget director for the incoming Reagan Administration, spoke too freely to Greider about his doubts over Reagans supply-side theory of economics. Stockman was then, in his words, "taken to the woodshed" by the president.
"None of us really understands what's going on with all these numbers."
David Stockman
I. How the World Works
Generally, he had no time for idle sentimentality, but David A. Stockman indulged himself for a moment as he and I approached the farmhouse in western Michigan where Stockrnan was reared. With feeling, he described a youthful world of hard work, variety, and manageable challenges. "It's something that's disappearing now, the working family farm," Stockman observed. "We had a little of everythingan acre of strawberries, an acre of peaches, a field of corn, fifteen cows. We did everything."
A light snow had fallen the day before, dusting the fields and orchards with white, which softened the dour outline of the Stockman brick farmhouse. It was built seventy years ago by Stockman's maternal grandfather, who also planted the silver birches that ring the house. He was county treasurer of Berrien County for twenty years, and his reputation in local politics was an asset for his grandson.
The farm has changed since Stockman's boyhood; it is more specialized. The bright-red outbuildings behind the house include a wooden barn where livestock was once kept, a chicken coop also no longer in use, a garage, and a large metal-sided building, where the heavy equipment in particular, a mechanical grape picker is stored. Grapes are now the principal crop that Allen Stockman, David's father, produces. He earns additional income by leasing out the grape picker. The farm is a small but authentic example of the entrepreneurial capitalism that David Stockman so admires.
As the car approached the house, Stockman's attention was diverted by a minor anomaly in the idyllic rural landscape: two tennis courts. They seemed out of place, alone, amidst the snow-covered fields at an intersection next to the Stockman farm. Stockman hastened to explain that, despite appearances, these were not his family's private tennis courts. They belonged to the township. Royalton Township (of which Al Stockman was treasurer) had received, like all other local units of government, its portion of the federal revenue-sharing funds, and this was how the trustees had decided to spend part of the money from Washington. "It's all right, I suppose," Stockman said amiably, "but these people would never have taxed themselves to build that. Not these tight-fisted taxpayers! As long as someone is giving them the money, sure, they are willing to spend it. But they would never have used their own money."
</snip>
We are where we're at in 2019 because of Reagan and Stockman.
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The Education of David Stockman "None of us really understands what's going on with all these number (Original Post)
Dennis Donovan
Dec 2019
OP
brush
(53,776 posts)1. Supply side was always bs. Brownback proved that in Kansas recently when he...
went all-in with it. What a disaster that was.
Dennis Donovan
(18,770 posts)2. To his credit, HW called it out as "voodoo economics"
...to his disdain, he adopted it (as did Shrub).
OxQQme
(2,550 posts)3. The "Giant Sucking Sound". n/t