by Mish

I read an advance copy last weekend.

I could not put the book down. It’s the book I wish I had written if only I had time.

Chapter 1 starts off with Stockman’s take on the revolt of Flyover America kindled by the Trump campaign. He mildly praises Trump with a bit of damnation thrown in, pretty much my position given the alternatives.

“Trumped!” is not really about Donald Trump, the man. Rather it’s about broken contracts and the conditions that led to the rise of Trump in the US, Brexit in the UK, and deteriorating economic conditions globally.

Politically speaking the book is anything but one-sided. Stockman goes after “feckless John Boehner” and his “equally spineless” replacement, Congressman Paul Ryan.

Stockman takes on the Fed and the ECB. The “Fed doesn’t serve the Main Street economy: It lives to pleasure Wall Street,” says Stockman, quite accurately.

In regards to Europe, Stockman states the “EU-18” owes Germany so much that permitting any country to leave is unthinkable in Berlin. The call for ‘more Europe,’ it is a desperate gambit to keep alive an utterly flawed and contradiction-ridden monetary, fiscal and political union that never should have been concocted in the first place.”

Stockman is a former Congressman and Ronald Reagan’s budget director.

RECOMMENDED ARTICLES

In regards to defense spending, Stockman says “The one thing that I learned during my time on both ends of Pennsylvania Avenue is that the defense budget, and the military-industrial complex that perpetuates it, is the mother’s milk of fiscal irresponsibility.”

Better Way Forward

The way to stop ISIS is to ground the bombers and drones; send home the spotters, trainers and other infrastructure of intervention; forget about who controls the oil—it will be produced by someone; and recognize that American has no dog in the 1,300-year-old fight between Sunnis and Shiites.
I hear the voice of General William C. Westmoreland echoing over the decades. We are winning the hearts and minds of the Vietnamese people, he intoned; we are Vietnamizing the conflict; the strategic hamlet program has become a swell success; we are building schools and clinics in the rice paddies; the body count of dead Viet Cong is swelling by the day.
It was all one giant tapestry of BS, of course, which temporarily camouflaged the catastrophe of LBJ’s war and the genocidal destruction that it inflicted on an innocent people.

Morning Joe

Stockman was on MSNBC this morning. discussing his book.

Give the video a play. Stockman says ….

I start with an indictment of the status quo. I start with an indictment of Hilllary’s 30-year old bag of deplorables.  I am talking about ideas, policies, not her supporters. She has been a warmonger for the last 30 years….
My book lays out very clearly that Trump doesn’t have a program, that half of his ideas are wrong, that Social Security has to be addressed.
On the other hand the heart of the problem is the Federal Reserve. It’s destroying capitalism. It’s turned Wall Street into a casino.

Get “Trumped!”

If you want to know where we have been, why people are really angry, and what we should do about it, then do yourself a favor, set aside whatever political beliefs you have, and read “Trumped! A Nation on Brink of a Ruin“.

Mike “Mish” Shedlock

"Peak Trump" by David Stockman: Book Review

Two thumbs up for David Stockman's latest book: Peak Trump, the Undrainable Swamp, and the Fantasy of MAGA.

Trump Accused of Fraud With Two Sets of Books

President Trump is accused of having two sets of books, one set for loan officers, the other for tax reporting purposes.

Trump Considers 25% Tariffs on All Auto Imports as Matter of "National Security"

Trump has gone apeshit batty with his latest "national security" tariff proposal.

Trump to Declare National Emergency

Trump will sign the spending bill to avoid a government shutdown, but he will also declare a national emergency.

Home Builder Reviews

It is hard to get a descriptive title into a short line. I am not giving home builder reviews, but rather asking for them. More specifically, Mike Morgan at MorganFlorida is asking for them. The following is from Morgan.

Trump’s Trade Czar Warns “Trade Deficits Endanger U.S. National Security”

Peter Navarro, Trump’s trade czar, went after Germany and China again today. Navarro claims Trade Deficits Endanger U.S. National Security.

Toilet Wars: Trump Asks EPA to Review the Flush

The maximum flush went from 3.5 gallons to 1.6 gallons and in California to 1.28 gallons. Trump is complaining.

Secretary of State Tillerson: A Moderating Influence on Trump? Russia to Return Snowden?

In response to Trump Reverses One-China Stance: What Happened? a close friend sent a single-word email reply: Tillerson.

Pound Surges as Johnson on Brink of a Brexit Deal

A Brexit deal looks highly likely but it will likely take an extension to get the deal signed, sealed, and delivered.