Friday, August 13, 2010

Four Deformations of the Apocalypse

Damning column from David Stockman on how the Republicans "destroyed" the economy. A pretty good analysis of the article here. Who's David Stockman? Only the man called "The Architect" of Reagan's Supply Side Economics Mega-Disaster that's presently collapsing around our ears. No one, really..

To sum up: Republicans presided over the four economic deformations that combined to position us exactly where we are today: Dead, but still walking. The man who helped author and drove United States Economic Policy in the direction it has ultimately headed(although he still says while Supply Side's original tax-cuts-in-some-circumstances philosophy was good, .."But when you make it a religion, when you make it a catechism and you say you cut taxes no matter what the circumstance, what the season, what the condition, then I think the whole idea has been perverted."), now says his party has destroyed the economy.

Food for thought there, "Fiscal Conservatives." THE economic advisor to your HERO says the current Republicans are wrong about Economics. Wrong. Wrong. Wroooooooong.

Haven't seen too much of this story in that "Liberal Media," have you?

1 comment:

Olivia said...

Lance, Your blog looks really good and your articles are very thought provoking and sobering!
Hugs,
Olivia