Peak Trump

The Undrainable Swamp and the Fantasy of MAGA

By: David A. Stockman

Narrated by: Russell Newton

Length: 19 hrs and 14 mins

Publisher's summary

New York Times best-selling author David A. Stockman is the ultimate Washington insider turned iconoclast. He sounded the alarm on US deficit spending and special interest domination of both parties in the Triumph of Politics (1986); warned in The Great Deformation (2013) about massive public and private debt and the Fed's unhinged money printing and bailouts; and exposed the imperiled American economic dream in Trumped! (2016).

Now in Peak Trump: The Undrainable Swamp and the Fantasy of MAGA, he debunks Trump-O-Nomics and the perils of Washington's addiction to perpetual wars. Stockman says Trump is headed for a great big fall from the imminent crash of a 30-year financial bubble, which he condemned on the campaign trail, but foolishly embraced once in office: "The Donald is not remotely the force of nature he's been made to seem by the Trump-obsessed media. To the contrary, he's actually a political flyweight, megalomaniacal incompetent, and bile-ridden bully who stumbled into the Oval Office against all odds; and then lucked-out a second time - bragging about the last gasp of a failing business cycle expansion that had 'recession ahead' written all over its forehead".

Stockman says the Great Disrupter's lasting contribution will be to discredit "Imperial Washington's self-serving bipartisan consensus in favor of permanent war, unchained entitlements, fiscal incontinence, debt-fueled consumer spending, rampant corporate financial engineering and endless bubble inflations at the Fed."

Stockman warns "the twin fiscal menace of the Warfare State and Welfare State" will be Trump's undoing. After taking the $2 trillion per year of uncontrolled entitlements off the table, Trump "then added insult to injury via his unfunded $1.7 trillion tax cut and massive defense and domestic spending increases. The result was a guaranteed $20 trillion explosion of the Federal debt over the coming decade."

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

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Book tries to answer the biggest world questions

This book looks at many of todays biggest questions from a new direction and from an economical view. Since the only field me and Stockman (author) have in common is economy I believe the economical information is interesting and not too stretched. In short Stockman gives a lot of numbers about our national trillion dollar debt, explains how unfortunate it is since many baby boomers will not be able to get their pension they have worked hard for and many other economical dilemmas of today. The book goes into many other fields such as politics (NATO, Russia, deep state, immigration, guns and drugs), history (Madison. Wilson, Hoover, Roosevelt, Nixon, Carter and Reagan) and global warming. Like any book this feels like a political light illuminating what the author wants us to see. It also felt a little technical and perhaps a little cold at times. Most importantly the author is shining the light on very big and important questions with huge courage and originality that is rarely seen if ever. If you buy this book you should buckle up.

Timeless.

David Stockman is a fearless writer and an unstoppable thinker. He does not hesitate to aim his ideological gun at both sides of the political discourse and shoot them both. His arguments are always a knockout punch to the heart of the issue while his knowledge and historical background is vast and deep. I've seen him on interviews, that's how I discovered him, but hearing his written thoughts is far more entertaining. It's a shame that this book did not took off when it was published. And you can quickly tell why it didn't afterwards; some of his economic predictions aged very bad and did not materialize the way he envisioned them due to the masking effect of the 2020 pandemic, despite his correct assessment.


This book is a great continuation of his previous book the "Great Deformation" adding developments and information where the other book stopped during President Obama's reelection.

Decent

Solid analysis. While I’m not so bearish as this, it is interesting to hear nonetheless. A bit emotional, perhaps, but well researched. The author sounds a bit like a short-seller, in some respects, but is certainly an expert. Those who follow the stock market and economy would probably like this one though. The narrator is excellent, although a few key terms are mispronounced.

Stockman is a 'never trumper', so beware

Stockman is a brilliant free-market economist, and well written, but he's also a never Trump-er (that refers to a republican that hates Trump, and likely voted for Hillary). For the purposes of this review, that means, he could well be incapable of being objective about him--and in this case he is. As i listened i kept thinking, stick to economics, David. That's why i'm reading your book. But like many famous and smart people, he seems to think that his opinion on ANY topic is always going to be far superior to any of the opinions of us 'lesser' people. His emotional Trump animosity was pervasive, to the point that it called into question his objectivity on even his economic points. So, he lost credibility with me and i could no longer count on getting the info i came to the book to get.

Incomprehensible

Lots of alphabet soup, acronyms, bashing of both parties, trump, Clinton, Russia, Mueller, Comey, climate change, on and on and on. He seems to have the answer for everything.

Don't Waste your Money

This is nothing more then an exercise in intellectual masturbation. He is in love with his interpretation of numbers and percentages, then articulating his argument.