Monday, March 26, 2007

Numbers Game, Reagan Style

By the Bush rules, does indicting a former Republican official count against a U.S. Attorney?

David Stockman’s 15 minutes of fame came in December, 1981 when, as Reagan’s budget chief, he was supposed to be selling tax cuts for the rich as “supply side economics.” But in an Atlantic interview, he admitted it was “always a Trojan horse to bring down the top rate...Supply side is ‘trickle down’ theory.”

“None of us,” he added, “understands what’s going on with all these numbers.”

Stockman was “taken to the woodshed by Reagan” for talking out of school and eventually left Washington to console himself by making tons of money on Wall Street.

Now he’s being indicted for securities fraud. Will his defense involve not understanding what was going on with all the numbers?

1 comment:

Unknown said...

I can only imagine the reason you get so few comments is that you are always so on the mark!

Keep it up - I love your perspective and your ability to maintain a sense of humor in the face of the terrifyingly unfunny.