Inventor of "Reagonomics" Bankrupts Company, Indicted

Anyone remember David Stockman?

Stockman headed the Office of Management and Budget during the Reagan administration. He became famous as a promoter of supply-side economic policies, dubbed "Reaganomics."

Or this from Slate

David Stockman was President Reagan's budget director, a true believer in supply-side economics and the last powerful conservative to make a serious attempt at radically shrinking the size of government.

Look what David is doing these days

U.S. prosecutors on Monday charged David Stockman, a former chief executive of Collins & Aikman Corp, and other former executives of fraud.

Stockman, a former Reagan administration budget director, and the other ex-Collins & Aikman executives are accused of misleading the company's investors to hide its true financial condition, according to the indictment brought by federal prosecutors in Manhattan.

Apparently they had to hide the numbers because they had bankrupted the company.   Imagine that?  When you put the right wing economic whiz kids in the real world they fail miserably.