Tonight we have a special edition of Conversations with Great Minds is David Stockman. He is a former United States congressman – representing the state of Michigan – who was elected to three terms before stepping down to head up the Office of Management and Budget under President Ronald Reagan in 1981. He is credited with writing the Reagan Budget – and continued his work on federal budgeting through 1985. After leaving politics, David Stockman pursued a career in investment banking and joined Blackstone Group as one of its earliest partners. He is the author of the book, “Triumph of Politics: How the Reagan Revolution Failed” and his new book – tentatively titled “The Triumph of Crony Capitalism” – will explore how crony capitalism reached a peak during the recent financial meltdown. David talk to Thom about Reagan would be raising taxes right now, the Republican party has gone crazy and we need to get control of the Fed.
Part II
Hat tip Daily Capitalist
