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Catastropheby Dick Morris and Eileen McGann
Synopses & Reviews
It's time to take back our country.
Now. It's that simple. It's that urgent.
So begins Dick Morris and Eileen McGann's latest and most important book. They say that we must act before President Barack Obama fully implements his radical political agenda. Because after Obama has won his war on prosperity and canceled the war on terror, it will be too late to regain our liberty or our security.
At a time when we needed a pragmatic centrist to lead us out of recession, we got a doctrinaire socialist who wants to use the crisis to put the government in charge of the economy and enact European socialism here in the United States.
Cars, banks--what's next? He will keep at it until Washington governs every major business in America and sets all our salaries.
It's a catastrophe.
Dick Morris and Eileen McGann saw the meltdown coming. In their book Outrage, they called out the house of cards that was Fannie Mae. In Fleeced, they went after the credit card companies, the subprime mortgage lenders, and the hedge fund billionaires who conspired to wreck the economy--and Barack Obama, whose policies, they predicted last summer, would trigger a stock market crash.
Now, in Catastrophe, Morris and McGann take a hard look at America in free fall--and at how Obama is transforming a vulnerable America into a socialist state.
They tell the truth about Obama and his radical policies: He will destroy our health care system so that no one gets adequate care. He designed his bank rescue plan to pave the way for nation-alization of the banks and socialization of the economy. He firmly believes in government control of our major industries--he's already commandeered the banks and the automobile industry. He plans to reshape the political landscape to keep the left in power for decades by cooking the census, enfranchising illegal immigrants, muzzling talk radio, and coercing workers into unions. He is attacking those who fight terrorism while letting the terrorists go free. He gives aid to Hamas while Shariah Law threatens to take over America. He has repealed the Declaration of Independence and put us under a worldwide, European-dominated financial regulatory system.
But Obama is not working alone. Morris and McGann spell out how Congress is complicit: How Senator Chris Dodd and Congressman Charlie Rangel use special interests and special friends for their own enrichment and glorification. How Ted Kennedy Jr. is exploiting his father's health care power.
This is no time for apathy or alienation or hopelessness, Morris and McGann remind us. It's a time for action. And that action must begin now--before it's too late.
The authors of the "New York Times"-bestselling "Fleeced" return with their no-holds-barred take on America's ills in 2009--from economic collapse to foreign infiltration to the missteps of the new administration.
#1 New York Times Bestseller! In Catastrophe, Dick Morris and Eileen McGann—authors of the megabestsellers Fleeced and Outrage—take a hard look at America in free fall and at how Barack Obama is transforming a vulnerable U.S. into a socialist state. Their seventh consecutive New York Times bestseller, Catastrophe is a call to arms for every American skeptical of Big Business and politics as usual—and a must read for fans of Bill OReilly, Sean Hannity, Rush Limbaugh, Michael Savage, Bernie Goldberg, and Glenn Beck.
Peter Schweizer's Throw Them All Out exploded onto the political scene in November 2011, shocking the nation and shaking Washington to its core. The book became an instant bestseller and#8212; but, more importantly, it also shone a necessary spotlight on legal loopholes that allowed members of Congress to get rich off insider information. Throw Them All Out fueled political will toand#160;stop these practices once and for all.and#160;Schweizer's powerfully argued bookand#160;broadcasts an essential message and#8212; public service must never be exploited for private profit and#8212; that will resonate throughout the 2012 election season, and beyond.
A shocking expose of the inside game in Washington, explaining how so many politicians leave Washington richer than they were when they first arrived. Worst of all, its all legal: members of congress are free to trade stocks based on confidential information, hedge-fund managers are free to extract tips from politicians, and then reward them with access to IPOs, and the Obama administration has been able to reward dozens of campaign contributors with shockingly large grants and guaranteed loans.
and#160;A major new expose of financial outrages in Washington, by the best-selling author and investigative journalist.
A bombshell investigation reveals how Washington really works: politicians extort money from us, then use it to buy each otherand#8217;s votes. Best-selling author Peter Schweizer reveals: *Obamaand#8217;s "Protection Money": How the Obama Administration targeted industries for criminal investigation but chose not to pursue key political donors. *John Boehnerand#8217;s "Tollbooth": How the Speaker of the House extracts money by soliciting political donations before he will hold crucial votes on the House floor. *The "Slush Fund": How politicians extract "campaign contributions" and then convert them to bankroll lavish lifestyles complete with limos, private jets, golf at five-star resorts, fine wines, and cash for family members. *Capitol Hilland#8217;s "Underground Economy": How congressmen use a little-known loophole that allows them to secretly link their votes to cash. Extortion finally makes clear why Congress is so dysfunctional: itand#8217;s all about making money, not making law.
Politicians often come into office with relatively modest assets. As investors, they regularly beat the market and sometimes beat the most rapacious hedge funds. Even without making stock trades, they often retire rich. How do they do it?
Billionaires and hedge fund managers often make well-timed investment decisions that anticipate events in Washington. How do they do it?
When such former politicians and federal appointees as Al Gore, Dan Quayle, and Madeleine Albright decide to launch investment funds, wealthy clients sign up. Why?
Welcome to the insidious world of crony capitalism.
Cronyism exists not so much as outright bribery, using suitcases full of cash, but rather in accepted insider routes to wealth: Members of Congress trade stocks based on privileged information. They insert earmarks into bills to improve their own real estate holdings. Campaign contributors receive billions in federal grants. Nobody goes to jail.
Crony capitalism transcends party lines and has become a big business hidden in plain sight. Using personal financial information, government databases, and a team of indefatigable researchers, Peter Schweizer shines a light into the darkest corners of the system — and offers ways to overcome it. It is time to clean house.
About the Author
Dick Morris served as Bill Clinton's political consultant for twenty years. A regular political commentator on Fox News, he is the author of eight New York Times bestsellers (all with Eileen McGann) and one Washington Post bestseller.
Table of Contents
List of Illustrations xi
Part One: CONGRESSIONAL CRONIES
1. The Drug Trade 3
2. Crisis for All, Opportunity for Some 23
3. IPOs: Invest in Politicians Often 40
4. This Land Is My Land 51
Part Two: CAPITALIST CRONIES
5. Spreading the Wealth . . . to Billionaires 75
6. Warren Buffett: Baptist and Bootlegger 105
7. Cronies on Parade: Hedge Funds, Defense Contractors, Colleges, Big Oil . . . and George Soros 120
Part Three: BREAKING THE BACK OF CRONY CAPITALISM
8. Some Are More Equal Than Others 137
9. Why This Matters 151
10. What Needs to Be Done 167
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