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April 11th, 2013

April 11th, 2013

11:26 am [Link]

Wow, never thought I would see such an article written by a (formerly) high-ranking Republican. While his general message is strongly pro-austerity and anti-Keynesian, he has some interesting, to say the least, rhetoric. Some choice cuts: - mutant crony capitalism that periodically lavishes the top 1 percent with speculative windfalls - The culprits are bipartisan, though you’d never guess that from the blather that passes for political discourse these days - a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy. In effect, the G.O.P. embraced Keynesianism — for the wealthy - another front in the G.O.P.’s war against the 99 percent State-Wrecked: The Corruption of Capitalism in America By DAVID A. STOCKMAN, former Republican congressman from Michigan, President Ronald Reagan’s budget director. Tags: poly-ticks (Leave a comment)