Bushonomics: The Sad Legacy of David Stockman
by AL MARTIN (AL MARTIN RAW.COM)
(PHOTO: This is where Stockman put his foot in his mouth and exposed himself as a shill for Bushonomics)
(4-8-13) Reagan's budget director David Stockman has written a disingenuous New York Times op-ed piece called "State-Wrecked: The Corruption of Capitalism in America."
It should be remembered that Stockman never spoke out at the time as he was the original proponent of taking the United States off of GAAP (Generally Accepted Accounting Principles) and putting it on BFLAP (Bushonian Fantasy Land Accounting Principles) in order to effectively cover up fiscal corrosiveness of the budget deficits the Reagan and Bush Regimes were running.
(As a side-note -- lot of people have asked me to explain BFLAP (Bushonian Fantasy Land Accounting Principles) I'd like to draw an analogy in laymen's terms. BFLAP Accounting is rather like the guy standing on the street corner selling ten-dollar bills for nine dollars. He's doing a booming business, and a little kid comes up to him and says, "Hey Mister, don't you realize you're losing a dollar on every sale you make?" The man smiles at the kid and says, "Yeah that's right.
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