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Quote by David Stockman

“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 lost during the correction: six million. Middle class jobs recovered: one million. So therefore we're up 16 percent on the jobs that were lost. These are only born-again jobs. We don't really have any new jobs, and there's a massive speculative frenzy going on in Wall Street that is disconnected from the real economy.”

Quote by David Stockman

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David Stockman
David Stockman

David Stockman, born on November 10, 1946, is a former Director of the Office of Management and Budget in the United States. He has extensive experience in politics and economics and was a key member of President Ronald Reagan's administration in the early 1980s, where he played a significant role in shaping the nation's fiscal policy. more

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