Thursday, August 28, 2014
Inquirer Daily News

Reagan aide now preaches America's doom

Scaremonger David A. Stockman's NY Times piece

Reagan aide now preaches America's doom

David Stockman was among the more lucid of the Reagan revolutionaries. The first-term budget director developed a reputation as a realist among ideologues. He left as government spending stripped past tax collections and the national deficit soared.

He's been back as an increasingly adamant (and best-selling) critic of fairy-tale economics by both Republicans and Democrats. His opinion piece "Sundown in America," in Sunday's New York Times, makes a lot of valid points about the murderous bankruptcy of the Bush II administration, for example.

But is he going too far in preaching doom? And will this kind of scare talk help persuade more Americans, including the radicals right and left who would break the current wealth-dominated representative-government system, that the nation really is hopeless? Or will it at least help sell more copies of Stockman's new book? 

Joseph N. DiStefano
About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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