David Stockman On The Anything President And The Everything Bubble

The lemmings are running hard towards the cliffs today. Despite a renewed burst of bombs and drones careening into the already rubble-strewn wastelands of Afghanistan, Yemen, Syria and Iraq.

Or the outbreak of cold war style nuclear brinksmanship on the Korean peninsula — what one commentator properly called a Cuban missile crisis in slow motion.

Likewise, forget that the vacationing Congress is set to return on April 25 to an endless sequence of shoutdowns, showdowns and shutdowns on continuing resolutions and debt ceiling increases.

That is, it will be struggling to keep the fiscal lights on in the Imperial City, not enacting the Donald’s DBA (dead before arrival) fantasy about making the American economy great again.

Indeed, while the Donald has been out huffing and puffing in his new role as global Spanker-in-Chief, the domestic front has turned from bad to worse. His economic policy machinery has now been seized entirely by the Vampire Squid’s latest chieftains in the White House — Gary Cohn, Steve Mnuchin and Jared Kushner.

I am quite confident that none of these three has ever voted Republican in their life or have even the foggiest idea of how to craft a fiscal plan and tax program that could coalesce the warring GOP factions from the hardline Freedom Caucus to the moderate Tuesday Group.

And if the Goldman trio should even attempt to go the old Boehner-Obama “bipartisan” route, as Wall Street devoutly wishes, Speaker Ryan will come to understand what it means to be drawn-and-quartered.

More