Saturday, October 9, 2010

David Stockman Shatters the Left-right Paradigm

Interesting interview in The Fiscal Times

TFT:  Your assessment of the Obama's presidency at this point?

DS:  Obama’s presidency is a profound disappointment. So far, he’s proven that when Republican’s start elective wars, Democrats can’t end them; when Republicans empty the Treasury, Democrats can’t replenish it; when Republicans put a middle-class destroying money printer at the head of the Fed, Democrats reappoint him; and when the Republicans unleash an orgy of dangerous speculation on Wall Street, Democrats pass a contentless, 2,300 page, enabling act which will do nothing to protect Main Street from another financial meltdown, even as it keeps K Street fully employed.

TFT:  What will happen to health care if the Republicans become the majority party?

DS:  Health care accounts for 17 percent of GDP and is the dysfunctional heartland of crony capitalism. They only thing which will change if the GOP becomes the majority is that the RNC will collect more of the vigorishes.
David Stockman was Director of the Office of Management and Budget under Ronald Reagan.

1 comment:

Taylor Conant said...

Would've been nice if he had had the dignity to offer an apology for crimes committed and enabled by him during his time of governmental "service". Nah, rather snipe at people from the safety of his government pension-paid retired lifestyle.

"I'm out of politics, time to finally be honest-- about other people!"