This week I had the privilege of being on the same panel with former Comptroller General David Walker and former Majority Leader (and presidential candidate) Richard Gephardt. A Democrat to the left of me and a self-declared nonpartisan to the right, stuck in the middle and not knowing where the unrehearsed conversation would take us. As it turned out, to a very interesting conclusion, which is the topic of this week’s letter. By way of introduction to those not familiar with them, David M. Walker (born 1951) served as United States Comptroller General from 1998 to 2008, and is now the Founder and CEO of the Comeback America Initiative. Gephardt served in Congress for 28 years, was House Majority Leader from 1989 to 1995 and Minority Leader from 1995 to 2003, running for president in 1988 and 2004.
Some housekeeping first. We have
posted my recent conversation with George Friedman on the Conversations with
John Mauldin web site. And on Saturday we will post the Conversation and
transcript I just did with David Rosenberg and Lacy Hunt, which I think is one
of the more interesting (and informative!) ones I have done. You can learn more
about how to get your copy and the rest of the year’s Conversations (I have
some really powerful ones lined up) by going to www.johnmauldin.com/
And go to www.johnmauldin.com to contribute comments on this letter. I do read them!