This book examines the reasons for the unprecedented weak recovery following the recent US recession and explores the possibility that government economic policy is the problem. Drawing on empirical research that looks at issues from policy uncertainty to increased regulation, the volume offers a broad-based assessment of how government policies are slowing economic growth and provides a framework for understanding how those policies should change to restore prosperity in America.
America Can Recover from the past few years of reckless spending programs that the people have not endorsed. Everyone needs to contact their representatives in the Congress and make it known what the American people want. It is not too late if we take actions. Remember if you dont voice your opinions for the changes you feel are correct then you become part of the problem instead of part of the solution. We can accomplish our goal if we set our minds and efforts to the task. We need to wake up the American voters while we still have some rights in this country. Not only that, we have the God given right to question the actions of the politicians that are making decisions in Washington. We would be fools if we allow ourselves to blindly follow the politicians. We were given brains and were meant to use them to think about the issued that affect our everyday lives in this country. The uninformed, uneducated and easily manipulated that are among us follow the line of thinking that has been presented to them by the leaders in Washington. It is past time for the citizens of the United States to start realizing what has been happening and make some changes. Fortunately, it is still not too late.
A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s. Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.
Has America, in its quest for goodness, sacrificed its sense of greatness? In this sharp-witted, historically informed book, veteran political observer Alan Wolfe argues that most Americans show greater concern with saving the country's soul than with making the nation great. Wolfe castigates both conservatives and liberals for opting for small-mindedness over greatness. Liberals, who at their best insisted on policies of national solidarity, have convinced themselves that small is beautiful, prefer multiculturalism to one nation, and are mistrustful of executive political power. Conservatives, who once embraced strong, active central government and an ideal of national citizenship, now support huge tax cuts that undermine America's future ability to undertake any ambitious, long-term project at home or abroad. No great society, in Wolfe's view, has ever been built on the cheap. Wolfe notes that neither the conservatives' call for small-scale faith-based initiatives nor the recent embrace on the left of a grassroots "civil society" can provide health care to tens of millions of uninsured Americans or ensure national security in an age of terrorism. To find better solutions, Wolfe looks back at specific moments in our national experience, when, in the face of sharp resistance, aspirations for the idea of national greatness shaped American history. He demonstrates how a bold and ambitious political agenda, championed at various times by Alexander Hamilton, John Marshall, Abraham Lincoln, and the two Roosevelts, steered the country toward periods of national strength and unity. Steeped in a colorful, panoramic reading of history, Return to Greatness offers a fresh take on American national identity and purpose. A call to action for a renewed embrace of the ideal of an activist federal government and bold policy agendas, it is sure to become a centerpiece of national debate.
From the New York Times bestselling author of The Revenge of Geography comes a sweeping yet intimate story of the most influential humanitarian you’ve never heard of—Bob Gersony, who spent four decades in crisis zones around the world. “One of the best accounts examining American humanitarian pursuits over the past fifty years . . . With still greater challenges on the horizon, we will need to find and empower more people like Bob Gersony—both idealistic and pragmatic—who can help make the world a more secure place.”—The Washington Post In his long career as an acclaimed journalist covering the “hot” moments of the Cold War and its aftermath, bestselling author Robert D. Kaplan often found himself crossing paths with Bob Gersony, a consultant for the U.S. State Department whose quiet dedication and consequential work made a deep impression on Kaplan. Gersony, a high school dropout later awarded a Bronze Star for his service in Vietnam, conducted on-the-ground research for the U.S. government in virtually every war and natural-disaster zone in the world. In Thailand, Central and South America, Sudan, Chad, Mozambique, Rwanda, Gaza, Bosnia, North Korea, Iraq, and beyond, Gersony never flinched from entering dangerous areas that diplomats could not reach, sometimes risking his own life. Gersony’s behind-the scenes fact-finding, which included interviews with hundreds of refugees and displaced persons from each war zone and natural-disaster area, often challenged the assumptions and received wisdom of the powers that be, on both the left and the right. In nearly every case, his advice and recommendations made American policy at once smarter and more humane—often dramatically so. In Gersony, Kaplan saw a powerful example of how American diplomacy should be conducted. In a work that exhibits Kaplan’s signature talent for combining travel and geography with sharp political analysis, The Good American tells Gersony’s powerful life story. Set during the State Department’s golden age, this is a story about the loneliness, sweat, and tears and the genuine courage that characterized Gersony’s work in far-flung places. It is also a celebration of ground-level reporting: a page-turning demonstration, by one of our finest geopolitical thinkers, of how getting an up-close, worm’s-eye view of crises and applying sound reason can elicit world-changing results.
Bestselling author and international political expert Joel C. Rosenberg tackles the question, Is America an empire in decline or a nation poised for an historic renaissance? America teeters on a precipice. In the midst of financial turmoil, political uncertainty, declining morality, the constant threat of natural disasters, and myriad other daunting challenges, many wonder what the future holds. Will history’s greatest democracy stage a miraculous comeback, returning to the forefront of the world’s economic and spiritual stage? Can America’s religious past be repeated today with a third Great Awakening? Or will the rise of China, Russia, and other nations, coupled with the US’s internal struggles, send her into a decline from which there can be no return? Implosion helps readers understand the economic, social, and spiritual challenges facing the United States in the 21st century, through the lens of biblical prophecy.
Some of America’s best reporters and thinkers offer an urgent look at a country in chaos in this collection of timely, often prophetic articles from The Atlantic. The past four years in the United States have been among the most turbulent in our history—and would have been so even without a global pandemic and waves of protest nationwide against police violence. Drawn from the recent work of The Atlantic staff writers and contributors, The American Crisis explores the factors that led us to the present moment: racial division, economic inequality, political dysfunction, the hollowing out of government, the devaluation of truth, and the unique threat posed by Donald Trump. Today’s emergencies expose pathologies years in the making. Featuring leading voices from The Atlantic, one of the country’s most widely read and influential magazines, The American Crisis is a broad and essential look at the condition of America today—and at the qualities of national character that may yet offer hope. With contributions by: Danielle Allen, Anne Applebaum, Yoni Appelbaum, Molly Ball, David W. Blight, Mark Bowden, Ta-Nehisi Coates, Lizabeth Cohen, McKay Coppins, James Fallows, Drew Gilpin Faust, Caitlin Flanagan, Franklin Foer, David Frum, Megan Garber, Michael Gerson, Elizabeth Goitein, David A. Graham, Emma Green, Yuval Noah Harari, Ibram X. Kendi, Olga Khazan, Adrienne LaFrance, Annie Lowrey, James Mattis, Lin-Manuel Miranda, Angela Nagle, Vann R. Newkirk II, George Packer, Elaina Plott, Jeremy Raff, Jonathan Rauch, Adam Serwer, Clint Smith, Matthew Stewart, Alex Wagner, Tara Westover, and Ed Yong.
