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The New Republic just published an excerpt from this book. Having read the article online, I’m definitely going to pick up the book. I thought I had a fair inkling of the cause and progression of arrogance, corruption and greed that has derailed this country in the last 6 years, but the few thousand words I just read have expanded the horizon and taken me back to the origins of that arc in the Reagan administration. My father gave me a copy of Jude Wanniski’s The Way the World Works back in those days, and he had obviously sipped the kool-aid himself. I never read it, but have followed the wacky logic of supply-side/ trickle-down/ voodoo economics from David Stockman, Jarvis/Gann, Jack Kemp and on down through George HW's “read my lips” and the vainglorious insanity of W’s tax-cutting and war-spending disembowelment of the US Treasury. Anyone who wants to know what in the world happened to the fiscal conservatism of the Republican Party will want to read this. Then put these ideas alongside what we know about the rise in influence of the Christian Right to see just how the GOP manages to convince the masses to vote against their own economic interest.
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The Big Con: The True Story of How Washington Got Hoodwinked and Hijacked by Crackpot Economics by Jonathan Chait
richard.peck, September 11, 2007
The New Republic just published an excerpt from this book. Having read the article online, I’m definitely going to pick up the book. I thought I had a fair inkling of the cause and progression of arrogance, corruption and greed that has derailed this country in the last 6 years, but the few thousand words I just read have expanded the horizon and taken me back to the origins of that arc in the Reagan administration. My father gave me a copy of Jude Wanniski’s The Way the World Works back in those days, and he had obviously sipped the kool-aid himself. I never read it, but have followed the wacky logic of supply-side/ trickle-down/ voodoo economics from David Stockman, Jarvis/Gann, Jack Kemp and on down through George HW's “read my lips” and the vainglorious insanity of W’s tax-cutting and war-spending disembowelment of the US Treasury. Anyone who wants to know what in the world happened to the fiscal conservatism of the Republican Party will want to read this. Then put these ideas alongside what we know about the rise in influence of the Christian Right to see just how the GOP manages to convince the masses to vote against their own economic interest.(7 of 10 readers found this comment helpful)