David Stockman: Trump Empowered the Fed & the Warfare/Welfare State
Geopolitics & Empire
Geopolitics & Empire
4.2 • 568 Ratings
🗓️ 4 February 2024
⏱️ 42 minutes
🧾️ Download transcript
Summary
David Stockman destroys the myth that the economy boomed under Trump. Not only were his policies bad, they helped enlarge the government. He spearheaded the Covid lockdowns, oversaw greater spending, and the national debt rose $8 trillion under his reign. Well-meaning conservatives have been fooled. However, this is also the nature of the system and its evils: the rogue Federal Reserve, the Military-Industrial-Complex or Warfare State, and the Welfare State. Under Trump, the rising tide “lifted all yachts” as wealth inequality and neofeudalism increased.
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Websites
Contra Corner https://www.davidstockmanscontracorner.com
Trumps’ War on Capitalism https://www.skyhorsepublishing.com/9781510779327/trumps-war-on-capitalism
About David Stockman
David A. Stockman is the ultimate Washington insider, starting a career in Washington in 1970, when he served as a special assistant to US Representative, John Anderson of Illinois. In the early seventies he was executive director of the US House of Representatives Republican Conference and was elected as a Michigan congressman in 1976 before joining the Reagan White House in 1981. Serving as budget director, he was one of the key architects of the Reagan Revolution plan to reduce taxes, cut spending, and shrink the role of government. He joined Salomon Brothers in 1985 and later became one of the early partners of the Blackstone Group.
The author of The Triumph of Politics, Stockman has numerous New York Times bestsellers under his belt. Born in Ft. Hood, Texas, he attended Michigan State University and Harvard Divinity School and then went to Washington as a congressional aide in 1970. He lives with his wife Jennifer Blei Stockman, and they have two daughters, Rachel and Victoria. He lives & works in New York City and Miami.
*Podcast intro music is from the song “The Queens Jig” by “Musicke & Mirth” from their album “Music for Two Lyra Viols”: http://musicke-mirth.de/en/recordings.html (available on iTunes or Amazon)
Transcript
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| 0:00.0 | Real Politics and Empires joined by David Stockman, who served as budget director under Ronald Reagan |
| 0:05.9 | and was one of the key architects of the Reagan Revolution Plan to reduce taxes, cut spending, |
| 0:11.0 | and shrink the role of government. He joined Solomon Brothers in 1985, later become one of the |
| 0:15.9 | early partners of the Blackstone Group. He's the author of many books, the latest being Trump's War on Capitalism. |
| 0:23.4 | I've got the copy right here. I just finished reading it. Very much enjoyed it. Highly recommended. |
| 0:29.2 | People can also go to David Stockman's Contra Corner.com to subscribe to the newsletter. Welcome to Geopolitics and Empire, David. |
| 0:36.5 | Great to be with you. A lot of |
| 0:38.6 | interesting topics we have to cover here today. So we can dig right in, I think. Yeah. You know, |
| 0:44.3 | we discussed your last book on my TT radio program, The Great Money Bubble, which I very much |
| 0:48.9 | enjoyed. And previously, you've written Trumped a nation on the brink of ruin and how to bring it back, |
| 0:55.2 | as well as peak Trump, the undrainable swamp and the fantasy of maga. |
| 0:59.3 | And now you've got this new book out with a foreword by Robert F. Kennedy Jr. |
| 1:03.3 | Trump's war on capitalism. |
| 1:04.9 | And so why the focus on Trump's record on the economy now? |
| 1:11.9 | Well, let me just first say that you covered all of my recent books. |
| 1:16.5 | You missed one, though. |
| 1:17.7 | In 2020, I wrote a book called Dump Trump, you know, on the grounds that he hadn't |
| 1:24.3 | earned another term. |
| 1:26.2 | And obviously, that, that materialized. |
| 1:31.3 | But I wrote this book because there is a huge myth that obscures how bad his policies were. |
| 1:41.0 | From the point of view of conservative economics, which is to say, you know, fiscal rectitude |
| 1:47.0 | and keeping the public debt under some reasonable level of control, sound money as opposed to this |
... |
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