People

David Stockman

David Stockman

Formal First Name
David
Dates
1946 - present
Location

David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington and quickly rose through the ranks of the Republican Party. Stockman was elected as a Michigan congressman in 1976 and joined the Reagan White House in 1981. He served as the Director of the Office of Management and Budget in the Reagan administration and was the youngest Cabinet member of the twentieth century. As Reagan’s budget director, he quickly gained a reputation as a tough negotiator and a ruthless cutter of taxes and government spending. He has established himself as an outspoken critic of the Republican party’s fiscal policies. After leaving the White House, Stockman had a 20-year career on Wall Street. He joined Salomon Brothers and later became one of the original partners at The Blackstone Group where he served as Senior Managing Director.

Professional Experience


Academic History

CAREER IN WASHINGTON

  • Stockman’s career in Washington began in 1970, when he served as a special assistant to U.S. Representative John Anderson of Illinois

  • From 1972 to 1975, he was executive director of the U.S. House of Representatives Republican Conference

  • He was the Chief Architect of Reagan’s supply-side, or “trickle-down” economic policies.

  • Stockman was elected as a Michigan Congressman in 1976 and held the position until his resignation in January 1981.

  • In 1981, he was the subject of a controversial profile in the Atlantic magazine, in which he revealed to reporter William Greider that he was critical of the Reagan budget.


CAREER IN WALL STREET