His rhetoric in a recent New York Times op-ed piece ignites like Seal Team Six coming at you, flash grenades stockman..........
Yes, he’s a truth-teller. And truth hurts, flushing out his enemies. Why? They’re sucking trillions from Americans. So you hate him. Counterattack. Big mistake. Don’t dismiss David Stockman. He’s no Kim Jong-Un blow-hard.
Stockman’s a patriot assuaging his conscience for having been a major weapon in the early launch days of Ronald Reagan’s “disaster capitalism” a generation ago. Today, even though Stockman says “the future is bleak,” at least he offers an eight-point plan to correct the “policies that have brought America to an end-stage metastasis,” while hedging his bet: It’s so “way out, so radical it can’t happen.” Yes, its DOA.
That’s also why Stockman is being attacked as a new “Dr. Doom” by celebrities like Nobel economist Paul Krugman. Still, you need a little background to see why Stockman’s new book, “The Great Deformation: The Corruption of Capitalism in America” is Critical Warning No. 13, as Wall Street pushes us ahead into the fifth year of an aging bull market, a fatal fifth year.
And why America’s 95 million investors will soon be losing big in the 21st century’s third mega market crash, another recession and $10 trillion more losses thanks again to Wall Street’s too-greedy-to-fail banks.