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Too Much Spending. Simple.

  • Written by Syndicated Publisher 44 Comments44 Comments Comments
    December 14, 2010

    After recently debunking the economic “recovery’s” flagrantly misrepresented employment data, the OMB’s David Stockman makes a third appearance in as many months (previously here andhere), this time on Dylan Ratigan. And as always, it is a must see: key soundbite: “We have had a Fed engineered serial bubble, that has created the appearance of wealth, that has caused people to consume beyond their means through borrowing, and that has flushed the income and wealth of our society up to the top, as a result of the Fed turning the financial markets into a casino.

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