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Reply #18: Honesty is so refreshing. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-01-10 09:28 AM
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18. Honesty is so refreshing.
The guy was on PBS in February, wondering out loud about the same stuff he brought up in the NYT op-ed.

Reagan's Budget Director said the economy was in no danger of collapse when Bush and Co. rammed through the bailout.

PAUL SOLMAN: So, if you had been in the administration after Lehman Brothers, you wouldn't have supported bailing out AIG?

DAVID STOCKMAN: No, absolutely not. It was the single most, you know, drastic error in policy in modern history, going back to the 1930s. This was exactly the wrong thing to do.


Stockman helped implement Reaganomics. He saw the light way back when and quit. Now he's seen how his successors have succeeded in running the United States into the ground. Then, again, that seems to have been the plan all along. History repeats, so long as the rich keep getting richer.

Most importantly: Thanks, SpiralHawk, for all you do -- including your work on behalf of the Democratic Party, Liberalism and Truth.
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