Wednesday, August 18, 2010

White Light.



Words.

"I'm a little late in taking notice of this hilarious and extraordinary piece of punditry, but it strikes me that not enough attention has been paid to the recent self-crucifying New York Times editorial written by Ronald Reagan's former budget chief and economic Svengali, the notorious Richie Rich weasel David Stockman.

...Stockman was once the arch-priest of supply-side economics, but he's had a conversion over the years. In a piece blasting the legacy of Republican economic policy entitled "The Four Deformations of the Apocalypse" Stockman essentially argues that Reaganomics evolved into a policy that fused the worst aspects of the traditional economic strategies of both the right and the left...

...this sort of talk is slowly gaining momentum in some Republican circles, where there's increasing acceptance of the notion that a monstrous betrayal of so-called traditional conservative economic ideals began to take place in the Reagan years..."

  • ROLLING STONE: David Stockman and the GOP Welfare State
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