David Stockman: Economy is on the Edge

David Stockman featured on Fox Business with Maria Bartiromo on Mornings with Maria, where he discusses the economy and his new book Trumped! out now.

In his opening remarks on the economy Stockman notes, “We have not created any real, bread winner, full time, full paid jobs since the year 2000. Real household income, if we use the proper inflation measure, is also down 20% since the year 2000. That is the problem. It’s massive. Flyover America is being left behind.”

David Stockman, is a former Republican congressman from Michigan and was President Reagan’s budget director. Following his time at the White House, Stockman became a managing director on Wall Street. He is now the founder of David Stockman’s Contra Corner and a best selling author.

The best selling author went on to say, “I believe this referendum on the status quo. Thirty years of misrule by the Washington-Wall Street elites. We have more wars than will need this century. We have got debt of 20 trillion that is unsustainable. We have a Fed that has basically destroyed price discovery, ruined the financial markets, created a casino like financial system and left behind… Flyover America.”

For more on Stockman’s latest book TRUMPED! A Nation on the Brink of Ruin… And How to Bring It Back find it here.

Regards,

Craig Wilson
for the Daily Reckoning

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