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2 Beaverton Economics- General

The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street

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The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street Cover

ISBN13: 9781568584348
ISBN10: 1568584342
Condition: Standard
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flyfisher, August 12, 2010 (view all comments by flyfisher)
My first disappointment in Pres. Obama was when he chose Timothy Geithner for Sec. of the Treasury and Larry Summers as an economic advisor as both of these guys were Wall Street insiders. I have found it fascinating (and appalling) that it took less than 10 years after deregulation of the financial industry and the repeal of the Glass Stegal Act, which grew out of the "Great Depression", for Wall Street and the banking industry to run us over a cliff, yet again. The laws that were in place were created to protect the citizenry and they worked well on our behalf for almost 70 years.
Our constitution says "By the people, for the people", not by the corporation, for the corporation. If "we, the people", don't find the will and a way, to turn things around, what is left of the middle class will be gone and we will all be indentured servants to the Mega Multinational corporations. We are almost there now.
I, personally, voted for Mr. Obama because I desperately wanted "change that we can (could) believe in" All I am seeing is more of the same, caving in to big monied interests at our expense, at every turn.
A couple of other good books that touch on these subjects are "Thieves in the Temple" by Andrew Eggleston, and "Unequal Protection: The Rise of Corporate Dominance and Theft of Human Rights in America" by Thom Hartman.
I really do not understand why we seem to be so pacified while more of our meager wealth and certainly our civil liberties are being taken without a fight. I now feel again, as I have felt in past years, that I, as an individual and a citizen, have no representation in Washington D.C.
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bselig1, August 6, 2010 (view all comments by bselig1)
Great title. How true it is. Sadly, it's destroying our country. Until there are term-limits for Congress it will continue this way. They have to spend too much time obtaining money to run for office there is little time for work and caring about anything else but their "ego-centric" self. It is not their fault entirely- it's our system that creates it by our Representatives having to be campaigning all the time. This includes the President, who is constantly having to be on the road for other candidates in his/her party . "Show me the Money" is the name of the game and the players are the Bankers and Large Corporations who supply what they need quickly, which also leads to unholy self-serving friendships ie: "It's just business". Who you know is what counts. Not a shocker for me.
I look forward to reading Mr. Sheer's book.
Was this comment helpful? | Yes | No
(16 of 24 readers found this comment helpful)
bselig1, August 6, 2010 (view all comments by bselig1)
Great title. How true it is. Sadly, it's destroying our country. Until there are term-limits for Congress it will continue this way. They have to spend too much time obtaining money to run for office there is little time for work and caring about anything else but their "ego-centric" self. It is not their fault entirely- it's our system that creates it by our Representatives having to be campaigning all the time. This includes the President, who is constantly having to be on the road for other candidates in his/her party . "Show me the Money" is the name of the game and the players are the Bankers and Large Corporations who supply what they need quickly, which also leads to unholy self-serving friendships ie: "It's just business". Who you know is what counts. Not a shocker for me.
I look forward to reading Mr. Sheer's book.
Was this comment helpful? | Yes | No
(7 of 13 readers found this comment helpful)
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Product Details

ISBN:
9781568584348
Author:
Scheer, Robert
Publisher:
Nation Books
Subject:
Finance
Subject:
Banks & Banking
Subject:
Economic Conditions
Subject:
Business-Banking
Copyright:
Edition Description:
Trade Paper
Publication Date:
20100931
Binding:
TRADE PAPER
Grade Level:
from 9
Language:
English
Pages:
304
Dimensions:
8.25 x 5.5 in
Age Level:
from 18

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History and Social Science » Economics » General
History and Social Science » Economics » US Economy

The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street Used Trade Paper
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Product details 304 pages Nation Books - English 9781568584348 Reviews:
"Synopsis" by ,
A muckraking exposé of the bipartisan origins of our greatest financial scandal
"Synopsis" by ,
A legendary journalist exposes how the very architects of our financial calamity now engineer the recovery program
"Synopsis" by ,
In The Great American Stick-Up, long-time Los Angeles Times columnist and Truthdig Editor-in-Chief Robert Scheer has a controversial thesis: the great financial meltdown, the crash widely regarded as the result of extraordinary circumstances, is, at its heart, an old-fashioned swindle. The architects of our financial calamity knew what they were doing, and now they are the figures anointed with the task of repairing the damage by the Obama administration.

A veteran reporter with exclusive access to whistleblowers, Scheer reveals how Ronald Reagan, Bill Clinton, Larry Summers, Robert Rubin, Phil Gramm, and others colluded in the fundamental corruption of our economic system. The shocking twist is that the prelude to the meltdown was not due to astonishing misuses of power—but rather the clandestine business of business as usual—and these are the figures still in charge of our financial destiny.

"Synopsis" by ,
The Great American Stick-Up exposes the bipartisan group who have played a formative role in shaping the financial collapse, yet still remain below the media radar for the part they played. They are the ultra-power couple of Phil and Wendy Gramm, whose roles in the private sector and government have pushed for the wholesale deregulation of the banking sector for two decades; two former leaders of Goldman Sachs, Robert Rubin and Henry Paulson; and former Treasury Secretary Lawrence Summers. These figures paved the way for the great banking meltdown of 2008.

The story of this group provides a vivid framework to understand the web of moneyed influence that threatens Americas future. It shows that the events of the previous year could have been anticipated, and that there are culprits responsible who continue to wield enormous power over our lives.

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