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Have Republican economic policies once again made a Great Depression inevitable?

By   Follow Me on Twitter     Message Richard Clark     Permalink
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Two proffered answers to the topic question, the first one from the political right, the second from the left:

Reagan insider David Stockman says GOP destroyed the US economy'

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Yes, this is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."

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The word is not "destroying" according to Stockman the GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse" that is imminent. In other words, it could be many years before the nation's unemployment rate reaches pre-recession levels.

Why focus on Stockman's message? If we are to understand what happened, and are to have any chance of reversing it, it's imperative that we ask the following question:

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How did the great nation of America lose its moral compass and drift so far off course, to where our national survival is threatened?

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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)
 

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