Stockman on Bloomberg TV
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Sheeple. A Question: Why does the biggest economy in the world have a Soviet style nomenklatura (the FMOC) determining the price of money? Why was one guy (Greenspan) running this?
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Greenspan talked like a free market capitalist, but didn't have the conviction to be one. I wouldn't mind seeing the FED gone, but short of that, it should have only one mandate: sound, stable, non-inflationary money.
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"the Federal reserve is about as federal as Federal Express."
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Break up GM so eCars would have a new business model and resource development capital. CEOes and investers' costs are major cost highly blocking jobs creations and technology innovations. Users profits, not CEOes' or investors', should be the major reasons for an industry to exist but blocking compatible component creations are their games right now. Twisting existing technologies into expensive component packages are Hollywood's repeating bad history industry. Korean will beat us.
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The problem is that creditors aren't represented by the FOMC or Congress. U.S. bond holders need to form an interest group.
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We can NOT let Congress SPEND another $700 Billion
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"Two years after the crisis on Wall Street, it has been announced that bonuses this year will be $144 billion, the highest in history. That's who is going to get this tax cut on the top - two percent of the population. They don't need a tax cut. They don't deserve it. And therefore, what we have to do is focus on Main Street. And that means getting our house in order fiscally. Not tax cuts we can't afford."
-David Stockman on ABC News This Week, 11/07/2010
Hallelujah! A sane Republican!
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We can NOT afford to give another $700 BILLION DOLLAR TAX CUT to the richest 2%.
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@sinitskyd And what does your wife think about your pathetic lack of respect?!
Maybe she could crap down your throat.
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Hly shit what a great interview.
The FED is not FEDERAL folks... dont you see whats happening? This is the greatest wealth transfer in history and the taxpayer is left with the bill! Main stream is waking up to this, good!
michielma 1 year ago 11
Whoa, slow down! That's too much truth & sense for the masses.. .they won't be able to handle it!!
2:42
MengersDisciple 1 year ago 6