"Peak Trump" by David Stockman: Book Review

Mish

Two thumbs up for David Stockman's latest book: Peak Trump, the Undrainable Swamp, and the Fantasy of MAGA.

David Stockman has another smash hit with his latest book, Peak Trump: The Undrainable Swamp and the Fantasy of MAGA.

Stockman is a New York Times best-selling author and he was also Ronald Reagan's budget director.

In "Peak Trump", Stockman goes after all the sacred cows: Military spending, entitlement spending, MAGA, Trump's tax cut, the intelligence budget, and the Wall.

The book is not about Red vs Blue. In fact, it's not really about Trump at all. Rather, Trump just happens to be the man at the moment.

I had a lengthy phone conversation with Stockman after I finished reading the book. The first thing I said to him was "This really isn't about Trump, is it?"

He laughed, then responded along the lines of, "You are correct. Trump is a symptom of the problem. He wanted to drain the swamp but failed to do so. He never really had a good chance of doing that, but he failed to make the most of the chance he had. We are where we are because of decades of Congressional and monetary mismanagement."

MAGA supporters may not see it that way. Those seeking a Leftist agenda will not be pleased either.

Stockman is sure to offend damn near everyone with one of his positions on something, including gun control.

Neither Stockman nor I are pleased with the partisan politics and the Washington compromises that keep digging us into deeper and deeper fiscal holes.

Timing Irony

Peak Trump is out just as House Speaker Nancy Pelosi humiliated Trump over the wall. Stockman could not have possibly timed his book better.

In regards to the wall and drugs, Stockman quipped, "The moment the wall goes up, there will be drone flying drugs over the wall to the other side".

If you disagree, please tell us why.

Stockman defends his positions well. The book is well supported with excellent charts and graphics.

Even though you are highly likely to disagree with "something" he says, you are highly unlikely to disagree with "everything" he says.

Most importantly, I suspect he will change your mind on something.

Whether you like Trump or not just Get the Book!

Mike "Mish" Shedlock

Comments (32)
No. 1-13
Casual_Observer
Casual_Observer

The book sounds like it describes why Trump won. It was a hail mary by 49% that didnt work. Bring on the crash of the 2020s. Reality cant be dealt with until we stop living in fantasy. Ray Dalio and John Mauldin have better perspective on the coming crises. They are generational and only happen once every 90-100 years.

St. Funogas
St. Funogas

There are already drones flying drugs over the wall, as well as tunnels, air cannons, ladders, catapults, trebuchets, ultralights, Cessnas, portable ramp/bridges, and probably on wings of eagles too. An improved wall will only make the challenge that much more fun for the drug runners. But whatever Uncle Sam puts in place, they will get over.

I'm surprised no one is holding a contest yet, or a television show, where the 8 wall prototypes are near San Deiego. Let Americans see once and for all that it takes very little brains to get over any of those walls. I've got several designs myself already. Just looking for sponsors and team members now. :-)

RonJ
RonJ

MAGA is a fantasy because the American Empire is in the decline phase. The fall of the Soviet Union was the effective peak, as the U.S. became the world's only super power. Quickly enough, being the king of the hill was squandered away. At the top of the hill, the only direction is down. We are following the same rise and fall of any other empire.

2banana
2banana

It is such a silly argument. Show something is 1% ineffective and therefore it is worthless and should not be done?

Does that make any sense?

So no walls around any prison then? So not one new medical advancement or new drug? And for sure, this never stopped democrats with gun control despite showing their laws 99% ineffective.


"The moment the wall goes up, there will be drone flying drugs over the wall to the other side"

2banana
2banana

But yet walls around NFL stadiums, prisons, CIA headquarters, the Democrat Convention, Nancy Pelosi house, the entire Israeli/Gaza border, the Iraqi/Saudi border, Disneyland, etc. are quite effective.

See if you can think of why.

thimk
thimk

David is a superb writer. I am looking forward to the read.

Blacklisted
Blacklisted

As Denniger points out, the lack of a physical barrier is a small part of the problem with the signed Bill. Drugs will not be the reason the US economy implodes, but an invasion of low skilled workers, govt leaches, and terrorist will certainly not help ... and drones can't carry illegals.

Curious-Cat
Curious-Cat

None of them are 2000 miles long and all are in the middle of populated areas, not in the middle of nowhere.

Blacklisted
Blacklisted

Trump is a counter-trend bounce. The trend of govt corruption/fraud/largess remains in tact. Govt's are all about exploiting the people to fund themselves. Cops staking out those "dangerous" 25 mph streets with their radar guns demonstrates it is certainly not about servicing the people. Instead, it's all about funding their unsustainable pensions, which the private sector can't even dream about in their crazy world of reality.

Walter Burien has been documenting the largess of govts/municipalities for many years, and the assets and income streams are hiding in plain sight in their CAFR's -

Yearly budgets do not include the balance sheet items found in the CAFR's, which includes the stocks and income producing RE owned by state and local govts. If you add up all the stocks owned by muni's, they would be the largest stock holder by far. These mini's will claim this massive stock pile of wealth is for a rainy day. Do you think if the people knew what was owned by their govt, it might be harder to shove through new taxes?

Why do journalists not ask about these assets? Why are govts constantly finding new things to tax, like a Netflix service, instead of down-sizing and using the income streams from these assets? How can politicians be elected and re-elected when they can't comprehend that every new tax simply reduces disposable income that lowers living standards for everyone?

The answer is simple. These career politicians have rarely been on the same side as the folks. They have little or no practical experience, yet we find people like AOC on the finance committee, which is headed by Maxine Waters.

Are citizens going to proactively stay in the streets until these mathematically-obvious abuses are brought to an end? Or, will the Yellow Vests not come out until the sh*t has already hit the fan? Human nature and history says the masses have to lose everything before they lose it and say I'm not going to take it anymore. Luckily, we have a minority of Patriots that will NOT allow govt to take away their last means of defense against tyranny. Since there is nothing new under the sun, expect the govt pension crisis to lead to economic decay and increased civil unrest/war. Why are people voting for this tragedy?

hmk
hmk

BTW Stockman is also an advocate of a one time tax on wealth which he defined but I don't remember the amount of tax or net worth he was referring to. This idea will come to pass in one form or another.

Bardenio
Bardenio

The idea a wall doesn't help is laughable. Removing the wall in Tijuana would obviously be a bad thing. Of course it doesn't end all the problems, but open borders aren't the answer either. A simple barrier makes sense, it isn't a big deal.

baldski
baldski

How come we don't have a wall against Canada?

Jojo
Jojo

Because people from Canada don't want to come to the USA! If anything, Canada should build a wall to keep people from the USA out of Canada!


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