GOP Destroyed the Economy

Ronald Reagan had a director of Office Management and Budget named David Stockton. He recently wrote an Op-ed piece in the New York Times titled, "How My GOP Destroyed the U.S. Economy."

Today there are some commentaries on the original article. And I bring you one of them from Yahoo Finance. It is very prophetic.

"How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."

Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."

How did the great nation of America lose its moral compass and drift so far off course, to where our very survival is threatened?

He goes on to tell us that class warfare and an American Apocalypse is soon coming. I don't doubt him on this note as I have said all along that if you cut welfare checks to people who have received them for 3 generations....they are going to throw bricks, not go plant gardens.

As the apocalypse draws near, Stockman sees a class-rebellion, a new revolution, a war against greed and the wealthy. Soon. The trigger will be the growing gap between economic classes: No wonder "that during the last bubble (from 2002 to 2006) the top 1% of Americans -- paid mainly from the Wall Street casino -- received two-thirds of the gain in national income, while the bottom 90% -- mainly dependent on Main Street's shrinking economy -- got only 12%. This growing wealth gap is not the market's fault. It's the decaying fruit of bad economic policy."

And the article ends with a particularly prophetic sentence;

"The day of national reckoning has arrived. We will not have a conventional business recovery now, but rather a long hangover of debt liquidation and downsizing ... it's a pity that the modern Republican party offers the American people an irrelevant platform of recycled Keynesianism when the old approach -- balanced budgets, sound money and financial discipline -- is needed more than ever."

Wrong: There are far bigger things to "pity."

First, that most Americans, 300 million, are helpless, will do nothing, sit in the bleachers passively watching this deadly partisan game like it's just another TV reality show.
Second, that, unfortunately, politicians are so deep-in-the-pockets of the Wall Street conspiracy that controls Washington they are helpless and blind.

And third, there's a depressing sense that Stockman will be dismissed as a traitor, his message lost in the 24/7 news cycle ... until the final apocalyptic event, an unpredictable black swan triggers another, bigger global meltdown, followed by a long Great Depression II and a historic class war.

So be prepared, it will hit soon, when you least expect.

See it here; http://finance.yahoo.com/banking-budgeting/article/110297/reagan-insider-gop-destroyed-us-economy

Interesting in that Jesus said the end will come like a flood....and it will swamp everyone on earth when they least expect it.

I wonder what it means to us all when the author says, "So be prepared...."?

I wonder what it means to us all when Jesus says, "So be prepared...."?