We need a wealth tax that on a one-time basis is going to take back at least some small fraction of the great windfall that the upper 1 percent, or 5 percent and pay down the government debt, pay back… — David Stockman Copy Share Image
In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is… — David Stockman Copy Share Image
I think the stock market is a very dangerous place to be at the present time. In fact, the stock market today is almost… — David Stockman Copy Share Image
I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business. The LBO business is about how to strip cash out of old, long-in-the-tooth companies and how to make short-term profits. All the jobs that he talks about came from Staples. That was a very early venture… — David Stockman Copy Share
In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take the presidency and both houses of Congress. Mr. Romney and Mr. Ryan have no plan to take on Wall Street, the Fed, the military-industrial complex, social insurance or the nation’s fiscal calamity and no plan to… — David Stockman Copy Share
The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what… — David Stockman Copy Share
I'm just not going to spend a lot of political capital solving some other guy's problem in 2010. — David Stockman Copy Share Image
I think we're so addicted to bubble finance at the Fed that they can't get out of the corner they painted themselves into. I… — David Stockman Copy Share Image
The Ryan plan isn't a budget. It's the last will and testament of the Republican party. — David Stockman Copy Share Image
The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value… — David Stockman Copy Share Image
The Republican Party, as much as it pains me to say this, should be ashamed of themselves. — David Stockman Copy Share Image
Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all. — David Stockman Copy Share Image
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs… — David Stockman Copy Share Image
