Stockman Says The Ship Is Going Down


“Kill the Fed. Lunatics run it. Tell the generals to put their toys away. Cut the Defense budget by a third. Let the Bush tax cuts expire on everybody. Let greedy, mismanaged banks collapse. Obama’s budget is a fantasy. Let the wealthy pay a larger portion for their medicare. Start the revisions ASAP. Ron Paul was right about the Fed destroying America.”

 

CNBC was startled when its guest, former Reagan-era money man David Stockman, barraged the interviewers with the frank comments above. The TV hosts joked about throwing Stockman off the set. In essence, Stockman says the public is being lied to by banks, Congress, the Federal Reserve and its chairman Ben Bernanke, and both political parties. Without sensible change, the country faces ruin, he says.

 

Whew!

 

In an election year, it is important to take in as many facts as one can before making one’s decision. Here’s a perspective  to consider as one makes a choice for November’s election:

 

http://www.youtube.com/watch?v=xJ0LLi8rJZw

 

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6 responses »

  1. If ONLY some sanity could be restored to any area of the economy, politics, foreign policy, domestic policy. The lunatics are running the asylum.

  2. Reblogged this on asklotta and commented:
    Dear Readers,
    I am working hard to stay away from political issues but as you know I have failed a few times (At The Whim of My Town) so when Fay Moore, I Want To Be A Writer posted this last week on her blog I just couldn’t resist.
    As always Fay, thank you for your perspective and for taking the time to share!
    Asklotta and staff will MIND YOUR BUSINESS today in full support of Fay Moore!
    Kindest regards,
    Asklotta
    President and CEO
    CBCorp

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