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When Barack Obama took office in January 2009, he had an unprecedented chance to do what no other recent president could: seize the nation's financial reins from the corporate elite and return them to the American people. Progressives everywhere held out hope that their new leader would take advantage of the economic crisis he stepped into and enact bold policies that would evoke real financial reforms-putting Main Street in front of Wall Street, at last.
But that, writes Robert Kuttner, is not the way things turned out. Instead, America's best chance for radical financial reform turned into Wall Street's greatest victory. Obama filled his administration with allies of financial elites who were more interested in business as usual than in transformative change. As a consequence, Main Street remained mired in deep recession. Instead of being the instrument of economic renewal, Obama became the target of economic frustration.
In this hard-hitting, incisive account, Kuttner shares his unique, insider view of how the Obama administration not only missed its moment to turn our economy around-but deepened Wall Street's risky grip on America's future. Carefully constructing a one-year history of the problem, the players, and the outcome, Kuttner gives readers an unparalleled account of the president's first year.
More importantly, though, Kuttner shows how we could-with swift, decisive action-still enact real reforms.
This is a book not to be missed by anyone who wants to understand exactly how Wall Street won, and how Main Street can still fight back.
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
Kathleen Simmons
reviewed A Presidency in Peril: The Inside Story of Obama's Promise, Wall Street's Power, and the Struggle to Control Our Economic Future on November 23, 2018 A Presidency in Peril
Here we go...a book where I had to Google the cover to make sure I knew the meaning of the word "mendacity." I did. In my dying Borders (or in two dying Borders -- I had to wait until this book was 50% off) I opened a few pages and WOW. I was back to reading Harpers Magazine, in book form. The four or five pages I thumbed through were scathing -- they completely matched my mood about current affairs. I picked up the book for $12.50.
I read this book in two whirlwind sessions, about four months apart. Herein lies the book's problem. Mr. Hodge would have done better to spend less time on a single witty, cleverly crafted history lesson on the differences between (Jeffersonian / Madisonian) Republicanism vs. Hamiltonian Federalism. Instead, your eyes will glaze over at points between pages 110ish to 235. Whither Barack Obama? By devoting so many pages to the 18th and early 19th centuries, the author overemphasizes the preamble of his argument, and at times loses the point of the book.
But this book deserves four stars. I read through it in two whirlwind sessions, so you can, too. During the final chapter and a half, the pages flew by and I caught myself alternating between chuckles and exclaiming, "hell yes!" to nobody in particular. If you want "easy to read," check out "The Redneck Manifesto," which I have previously reviewed. If you want current affairs, stick to magazines (books are so out of date). But if you want a good, scholarly argument about what's wrong with this country and how we should all get over our differences and fix it, check this one out. It's a good read, and now I can use the word "mendacity."
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Add A Presidency in Peril: The Inside Story of Obama's Promise, Wall Street's Power, and the Struggle to Control Our Economic Future, When Barack Obama took office in January 2009, he had an unprecedented chance to do what no other recent president could: seize the nation's financial reins from the corporate elite and return them to the American people. Progressives everywhere held, A Presidency in Peril: The Inside Story of Obama's Promise, Wall Street's Power, and the Struggle to Control Our Economic Future to the inventory that you are selling on WonderClubX
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Add A Presidency in Peril: The Inside Story of Obama's Promise, Wall Street's Power, and the Struggle to Control Our Economic Future, When Barack Obama took office in January 2009, he had an unprecedented chance to do what no other recent president could: seize the nation's financial reins from the corporate elite and return them to the American people. Progressives everywhere held, A Presidency in Peril: The Inside Story of Obama's Promise, Wall Street's Power, and the Struggle to Control Our Economic Future to your collection on WonderClub |
