David Stockman Calls Trump A 'Complete Ignoramus' On Fiscal Policy
Aug 31, 2018 13:27:37 #
Bad Bob
Loc: Virginia
https://www.yahoo.com/news/david-stockman-calls-trump-apos-074240810.html
Ronald Reagan's budget director slammed President Donald Trump as an
Ronald Reagan’s budget director slammed President Donald Trump as an “ignoramus” and a “Neanderthal” over his understanding of trade and fiscal policy.
During an interview on Bloomberg Television, David Stockman characterized Trump’s pending NAFTA replacement deal with Mexico as essentially the old NAFTA with Trump screw-ups added in.
“There was never a problem with NAFTA anyway, and what he has done is basically remove the name and complicated the machinery [and] given a big wage increase to Mexican workers,” Stockman, who served as the director of Management and Budget in the Reagan administration from 1981to 1985, said on Thursday.
Stockman also described the deal as a “sideshow.”
“And it is proof that Trump is an absolute Neanderthal on trade, has no idea what he’s doing,” Stockman said. “He is a complete ignoramus on fiscal policy and the debt — which is soaring.”
The deal with Mexico would require up to 45 percent of cars to be made by workers earning at least $16 an hour. Though it’s intended to keep jobs in the U.S., it will likely result in a massive pay hike for Mexicans, Stockman said.
Check out the rest of what Stockman had to say in the video above.
This article originally appeared on HuffPost.
Ronald Reagan's budget director slammed President Donald Trump as an
Ronald Reagan’s budget director slammed President Donald Trump as an “ignoramus” and a “Neanderthal” over his understanding of trade and fiscal policy.
During an interview on Bloomberg Television, David Stockman characterized Trump’s pending NAFTA replacement deal with Mexico as essentially the old NAFTA with Trump screw-ups added in.
“There was never a problem with NAFTA anyway, and what he has done is basically remove the name and complicated the machinery [and] given a big wage increase to Mexican workers,” Stockman, who served as the director of Management and Budget in the Reagan administration from 1981to 1985, said on Thursday.
Stockman also described the deal as a “sideshow.”
“And it is proof that Trump is an absolute Neanderthal on trade, has no idea what he’s doing,” Stockman said. “He is a complete ignoramus on fiscal policy and the debt — which is soaring.”
The deal with Mexico would require up to 45 percent of cars to be made by workers earning at least $16 an hour. Though it’s intended to keep jobs in the U.S., it will likely result in a massive pay hike for Mexicans, Stockman said.
Check out the rest of what Stockman had to say in the video above.
This article originally appeared on HuffPost.
Aug 31, 2018 14:14:54 #
Bad Bob wrote:
Perhaps you should have researched this more Bob. I'm a quasi expert on reaganomics thanks to digging into policy during and after 08 - 09.
What I learned and can easily be substantiated, David Stockman was part of a team and a complete joke to economic experts that advised Reagan. Stockman took credit where credit was not due, and was actually really bad in the complex economics driving America.
Here's why I said you should have researched. I too have error at times posting an article that seemed to refute. The problem is the journalists didn't research the cast if characters and in many cases was in their early youth during the recent history they are reporting on. In either case, stockman in this article has zero credibility and a mental midget.
There are tons of resources you can find, both left and right like the one below.
http://townhall.com/columnists/alanreynolds/2007/03/29/david-stockman-man-and-myth-n745418
Sep 1, 2018 19:30:32 #
Bad Bob wrote:
David stockman should of spent more time working out than working in.
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