President Reagan’s Director of OMB was David Stockman, a life-long Republican. I’ve always had a good deal of respect for him. He was on CNBC this morning, saying that although “Obama is a failure, the Republicans are even worse.”
Because of that, he predicts the U.S. will face the same financial crisis next year that Europe is facing right now. He warned we should keep our finger on the SELL button.
What a depressing way to start a Monday morning . . . the futures market indicates the Dow will lose twenty points at the open.