David Stockman is very pessimistic
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David Stockman has a new book out pretty much ripping everyone on the debt. He has a real problem with the bailout, takes on the Ryan budget along with the Obama administration, and predicts another crisis.
He loses credibility in my opinion when he discusses how we could have used bankruptcy through the crisis, and then he also goes back to the gold standard.
Posted in: Economy, Finance, General Business
Tags: bank bailouts, David Stockman, Obama administration, Ryan budget
