National Debt

David Stockman Rants Against The Dangers & Digressions Of The Donald's Demagoguery

"Making America great" is about unleashing the nation’s capitalists again. It’s an expression that prosperity is not bestowed by the state but won by the kind of builders, investors, innovators and workers that The Donald fancies to be the essence of Trump Inc. To that extent, Donald Trump could be regarded as an incipient anti-statist. While this might seem like an overly generous characterization, it is a measure, alas, of the degree to which the bipartisan “policy” consensus against him has congealed around what is essentially a Keynesian axiom of endless macroeconomic intervention and “stimulus”.

The Good, The Bad, & The Great Of Donald Trump's Candidacy

"Donald Trump’s overwhelming virtue is that he is not Hillary Clinton and does not carry a bulging 30-year old bag of bad ideas. Hillary’s ideas—–and those of the establishment for which she shills——about how to fix the coming economic and foreign policy crises, in fact, are so unequivocally and irremediably bad that it is not possible that there is anything worse."

Barack Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth

Q2's US GDP growth data just crushed President Obama's 'fiction-peddling' that everything is awesome and those doom-and-gloom reality-pushers are cynical skeptics. Simply put, average annual growth rate during the current 'Obamanomics' business cycle remains the weakest of any expansion since at least 1949 leaving the orator-in-chief on track to be the only President in U.S. history to never have a single year when the economy grew by at least 3%.

Hillary Clinton: Class President Of A Failed Generation

After all this time, however, Hillary doesn’t get any of it. She thinks war is peace; deficits don’t matter; the baby boom is entitled to the social insurance they didn’t earn; and that the Fed’s serial bubble machine is leading the nation back to prosperity. But like the generation she represents, she has betrayed hergrand ideals over a lifetime of compromise, expediency, self-promotion and complacent acquisition of power, wealth and fame. She doesn’t deserve another stint at the podium - let alone the bully pulpit.

Trump Accused Of "Apocalyptic" Fearmongering In Speech Promising "Security And Prosperity"

In one of the most dramatic, polarizing, (and longest ever) convention speeches, Donald Trump claimed the Republican presidential nomination with a highly charged text in which he promised to be “the voice” of disenfranchised Americans and the guardian of “law and order." And while most republicans loved it, the speech was roundly panned by democrats everywhere as ominous "doom and gloom" fearmongering, one which painted a picture of an America on the verge of an apocalyptic ending.

Full Text Of Donald Trump's Convention Speech

To all Americans tonight, in all our cities and towns, I make this promise: We Will Make America Strong Again.
We Will Make America Proud Again.
We Will Make America Safe Again.
And We Will Make America Great Again.
THANK YOU.

Helicopter Money - The Biggest Fed Power Grab Yet

The Cleveland Fed’s Loretta Mester is a clueless apparatchik and Fed lifer, who joined the system in 1985 fresh out of Barnard and Princeton and has imbibed in its Keynesian groupthink and institutional arrogance ever since. So it’s not surprising that she was out flogging - albeit downunder in Australia - the next step in the Fed’s rolling coup d’ etat...“So it’s my view that [helicopter money] would be sort of the next step if we ever found ourselves in a situation where we wanted to be more accommodative." It’s the ultimate in 'something for nothing' economics.

Full Text Of Bernie Sanders' Endorsement Of Hillary Clinton

I have known Hillary Clinton for 25 years. I remember her as a great first lady who broke precedent in terms of the role that a first lady was supposed to play as she helped lead the fight for universal health care. I served with her in the United States Senate and know her as a fierce advocate for the rights of children.