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NEW YORK (AP) — He was an architect of one of the biggest tax cuts in U.S. history. He spent much of his career after politics using borrowed money to take over companies. He targeted the riskiest ones that most investors shunned — car-parts makers, textile mills.
That is one image of David Stockman, the former White House budget director who, after resigning in protest over deficit spending, made a fortune in [...] by Joe Weisenthal
Friend of BI James Pethokoukis just put up this chart of GDPs per capita around the world.
FRED
He sees it as evidence of the supremacy of Regan’s supply side revolution… Something happened in the 1980s. Other advanced economies were closing in on America in terms of real per capita GDP. Then the gap began to widen. Less regulation. Lower taxes. More markets. More growth. More prosperity. Other nations went this route, too. But few [...] ?Politico.com Ron Paul is taking on Rick Perry in a new television ad blasting the Texas governor for for supporting Al Gore’s 1988 presidential campaign, POLITICO has learned. The 60-second spot, backed by a six-figure ad buy — the first negative ad attacking Perry to come directly out of a Republican campaign this primary season — contrasts Paul’s endorsement of Ronald Reagan in 1980 with Perry’s role [...] By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — “My G.O.P. destroyed the U.S. economy.” Yes, that is exactly what David Stockman, President Ronald Reagan’s director of the Office of Management and Budget, wrote in a New York Times op-ed piece. Not “is destroying,” the GOP has “destroyed” the U.S. economy, setting up an “American Apocalypse.” And it’s getting worse. Update: With the 2012 [...] Official Washington congratulated itself for reaching a deal to cut $38 billion from the deficit of the current fiscal year. But some observers aren’t impressed. “Flimflam & swindle,” is how David Stockman characterized the deal in a recent Fiscal Times column. “I’ve seen a lot of accounting smoke and mirrors in my day in government, but this was beyond the pale,” said Stockman, my guest on Daily Ticker. “There was nothing [...] I’m on the way back from a two-day business trip in London, U.K. with a few of my Gluskin Sheff colleagues. It’s been a good year-and-a-half since I was last there (the next best thing to old New York), and the first time I can remember it snowing this early — a few centimetres almost shut down the city (enough to make a Torontonian chuckle). While [...] |
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