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Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economicsby John R Talbott
Synopses & Reviews
Barack Obama’s greatest strength has been his ability to bring the country together in a meaningful dialog. For far too long the divisions among races, religions, cultures, and genders have prevented Americans from coming together to solve the most important problems of our generation:
"Author, media commentator and former investment banker Talbott (The Coming Crash in the Housing Market) gives fiscal politics a shot of excitement and, yes, hope as he explores presidential nominee Barack Obama's proposed bag of economic tricks. With reasoned but brutally blunt arguments, topics like corporate lobbying turn improbably fascinating; Talbott explains the system and its problems, and provides simple charts that will make average Americans blanch. Talbott delineates the differences between top-down and bottom-up economics, explaining the latter's advantages and how Obama's proposed policies will take us in the direction of greater economic justice and opportunity for average citizens. Quoting Obama at length, Talbott gives the impression of a man with the wisdom and will to reform many areas: healthcare, social security, housing and labor. Talbott does warn, however, that 'if Obama goes after the special interests, he will be taking on almost all of corporate America... and the most powerful political organizations,' and that 'common sense would dictate that you would have to bet against him'-but only if 'you had not heard Obama speak.' Even if one disagrees with the solutions, Talbott will illuminate in quick order some vital issues for voters and taxpayers." Publishers Weekly (Starred Review) (Copyright Reed Business Information, Inc.)
Book News Annotation:
A Goldman Sachs investment banker turned author, Talbott details the economic policies that Barack Obama says he supports, but also seeks to convey the US presidential candidate's core beliefs and underlying logic and strategy. His topics include opportunity and crisis, corporate lobbying, globalization and jobs, global warming and energy policy, healthcare and aging, and justice and ethics. There is no index. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)
Obamanomics lays out the economic policies of an Obama administration. Talbott illustrates how a government driven by citizen involvement can tackle the most complex problems of our generation, including global warming, lobbying reform, world poverty, healthcare, terrorism, education, and housing.
Bestselling financial writer Talbott finds hope in what will be the policies of an Obama presidency.
Bestselling author John R. Talbott, who predicted the housing and mortgage crisis, pictures in Obamanomics--written well in advance of the historic 2008 elections--a Barack Obama presidency based on justice and cooperation—principles that have not held sway in Washington, DC, for quite some time. Talbott's powerful grasp of finance allows him to connect the issue of financial inequality in America with our need as a people to embrace change.
Obama has shown he knows that divisions among races, religions, and political views have prevented Americans from coming together to solve the most important problems of our age. Obamanomics, infused with Obama's speeches, campaign policy statements, and other writings, describes a government acting according to democratic principles to enact lobbying reform, get our economy moving again, fix our healthcare system, slow global warming, prevent unnecessary wars, improve education, address the aging of our population, find alternative energy sources, and bring about housing, mortgage, and banking reform.
Best-selling author John R. Talbott, widely regarded as one of the first to predict the current housing and mortgage crisis, turns his attention to the economic possibilities achievable under a Barack Obama presidency. Obama's greatest strength is his ability to bring the country together. For too long divisions among races, religions, political views, cultures, genders, and sexual preferences have prevented Americans from coming together to solve the most important problems of our generation. Global warming, lobbying reform, poverty, health care, wars, terrorism, education, housing and banking reform, and energy and water shortages-these are complex global problems that Talbott argues cannot be left to the free market business world or governments to solve.
Once emphasis is placed on citizen involvement, real solutions become apparent to our most pressing problems. A completely laissez-faire world of unregulated markets and uncontrolled globalization can be returned to a properly regulated free market that responds to the voice of a democratic people. And the American values of goodness, justice, and fairness to all Americans reflected in this young man of Africa and Kansas can once again be incorporated into our economic and financial system.
A former investment banker for Goldman Sachs, John R. Talbottis the author of four books on economics and politics, including The Coming Crash in the Housing Market. He has appeared on CNN, Fox News, CNBC, and CBS Marketwatch and has written for The Wall Street Journal, the Financial Times, and The Boston Globe.
About the Author
A former investment banker for Goldman Sachs, JOHN R. TALBOTT is the author of seven books on economics and politics, including The Coming Crash of the Housing Market, Obamanomics, Contagion, and The 86 Biggest Lies on Wall Street. He has appeared on CNN, Fox News, CNBC, CBS Marketwatch and written for the Wall Street Journal, the Financial Times, and the Boston Globe.
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