|
But you are right. The republican party isn't functional at all and they have zero ideas, other than the three tired old lame ones they have been using for thirty years. They are really on a one legged stool and not one republican even has enough coordination to try to balance it.
David Stockman, Reagan's OMB director, once highly touted the trickle-down theory and was one of its biggest proponents, but now he is attacking it and saying today's republicans are foolhardy for continuing down that failed economic path. Conservatives believe everything about Reagan to be 'godlike', but even one of Reagan's chief architects of trickle-down economics is dismissing it as useless and dangerous to our economy. Four and a half years into the Reagan administration the gross federal debt level had already doubled under trickle-down economics, proving it to be a failure. Today's republicans say tax cuts pay for themselves because they idiotically claim that it 'increases the amount of revenue coming into the government'. It didn't under Reagan. It didn't under Bush-Duh-Second and it won't do it now. I always wonder how they are able to dupe the republican base enough to swallow that idiotic claim.
In a related story from 2007 about David Stockman: "Federal prosecutors announced conspiracy and securities and bank fraud charges this morning against Reagan-era budget director David A. Stockman, accusing the former Republican director of the Office of Management and Budget of misleading investors about the finances of a troubled Michigan auto parts company.
Stockman, 60, surrendered to authorities early Monday and is expected to appear before a federal magistrate judge in Manhattan this afternoon. Officials from the U.S. Attorney's office in the Southern District of New York, the Securities and Exchange Commission, and the U.S. Postal Inspection Service will hold a news conference in downtown Manhattan to discuss the case at noon.
The grand jury indictment includes allegations that Stockman engaged in securities fraud and made overly optimistic statements to investors about his company's financial prospects. The charges are conspiracy, securities fraud, bank fraud, and obstruction of the SEC investigation.
Stockman is charged alongside three others, including former finance chief J. Michael Stepp and accounting expert David R. Cosgrove. In interviews, Stockman vigorously denies the accusations, which carry maximum prison terms of five or 10 years apiece."
I believe Reagan's administration had a record number of charges against the people in his administration, with many of them going to jail or being pardoned.
|