Author Says Supply-Side Economics Con Job

[dtotire]

Good book to read

The Big Con: The True Story of How Washington Got Hoodwinked and Hijacked by CrackpotEconomics
by Jonathan Chait (Author


From Publishers Weekly
The author, a senior editor at the New Republic, is best known for declaring I hate President George W. Bush in 2003. This book traces the roots of his dislike back 30 years, when supply-side economics took over the Republican Party and made cutting taxes the GOP answer to all political and economic questions. American politics has been hijacked by a tiny coterie of right-wing economic extremists, Chait declares, some of them ideological zealots, others merely greedy, a few of them possibly insane. To which he adds, the Republicans' success at defeating the democratic process explains why it has been able to enact its agenda despite a lack of popular support. The rhetoric is inflammatory, but the case is laid out with clarity. Chait claims that traditional Republicans, religious people and social, fiscal and foreign policy conservatives have been cheated as much as liberals, and that unparalleled corruption and ruthless cynicism in Washington and the timidity of nonpartisan media allow the minority to rule. His analysis should appeal to anyone interested in politics, though many may find the style too irritating to endure. (Sept. 12)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.











http://www.amazon.com/Big-Con-Washington-Hoodwinked-CrackpotEconomics/dp/0618685405/ref=pd_bbs_1/002-2601034-7010415?ie=UTF8&s=books&qid=1189270080&sr=1-1

[applegrove]

1. Sounds interesting.

[Odin2005]

2. It's time to go back to Keynesian sanity in our economic policy.

I'm sick of the Chicago School (Friedman, Greenspan, and Co.) and Austrian School (Libertarian crackpots) charlatans setting our economic policy.

[Zorro]

3. It's always been a crackpot economic theory

Stupid Reagan Republicants embraced it 25 years ago, and its failure was demonstrated by the enormous increase in the federal deficit then.

There was never any doubt among sane people that the re-emergence and promotion of this theory by the Bushistas would create the same results.