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Crunch: Why Do I Feel So Squeezed? (and Other Unsolved Economic Mysteries)by Jared Bernstein
Synopses & Reviews
"According to economist and author Bernstein (All Together Now: Common Sense for a Fair Economy), the endless parade of economic legislation and corporate criminality that keep the rich getting richer are all a direct product of economic knowledge being monopolized and manipulated by the rich, keeping the middle and lower classes woefully unprepared to understand, much less stand up to, the economic forces aligned against them. Fortunately, this accessible overview should clear things up for even the most befogged reader. Answering questions from an average American perspective — 'the ones in the vise grip of the crunch' — Bernstein explains murky topics like health care reform, minimum wage laws, the Federal Reserve, immigration and budget deficits with a clear, friendly manner that sidesteps any scholarly (and/or sinister) obfuscation. His progressive 'we're all in this togther' philosophy, though seemingly familiar, is backed up with enough data and savvy to illuminate what's wrong in the dominant 'self-reliance' narrative of American political discourse. This down-to-earth, populist guide to the pressing economic issues of our time is a clarifying, useful and empowering resource." Publishers Weekly (Starred Review) (Copyright Reed Business Information, Inc.)
"A clarion call to remind us that the political slogan 'It's the economy, stupid!' is just as timely as ever. Highly recommended for all business/economics collections." The Library Journal
"Drawing on everyday examples, Crunch is an accessible explanation of economic principles presented with equal parts of insight, humor, and stimulation." Senator John Edwards
"Bernstein's latest superbly timed book, Crunch, is a must-read guide to the economy's current slide and its effect on us all." Robert Kuttner, Founding Co-Editor, The American Prospect
"Jared Bernstein has written a fun, user-friendly primer that tells you everything you need to know about the economy." Jonathan Chait, Senior Editor, The New Republic, and author of The Big Con: The True Story of How Washington Got Hoodwinked and Hijacked by Crackpot Economics
Book News Annotation:
Bernstein (Living Standards Program, Economic Policy Institute, Washington, DC) rails against other economists as having been "hijacked by the rich and powerful." In the engaging non-technical approach he uses as a media commentator, he responds to questions drawn from the public and his own experience of being perplexed as anyone about such questions as why the US health care system is such a mess. Applying his principles of "crunch-point" economics, he demystifies his field, its key players, and problems due to economic inequalities. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)
Is Social Security really going bust, and what does that mean to me? If I hire an immigrant, am I hurting a native-born worker? How much can presidents really affect economic outcomes? Why does the stock market go up when employment declines? What's a living wage? Why do I feel so squeezed?
If you'd like to know the answers to these questions, premier economist Jared Bernstein is here to help. In Crunch he answers these as well as dozens of others he has fielded from working Americans by email, on blogs, and at events where he speaks. Chances are if there's a stumper you've always wanted to ask an economist, it's solved in this book.
According to author Bernstein, economic experts all too often manipulate and distort the science at the heart of important issues. In ""Crunch,"" he offers entertaining, informative, and direct answers to a set of compelling economic questions posed by ordinary people.
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