David Stockman: Trump Empowered the Fed & the Warfare/Welfare State

Geopolitics & Empire, Released on 2/4/24

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.

David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman’s Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America, Trumped! A Nation on the Brink of Ruin… And How to Bring It Back, The Great Money Bubble: Protect Yourself from the Coming Inflation Storm, and Trump’s War on Capitalism.

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