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Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (Economics in the Obama Presidency)
by:John R. Talbott
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: Environment and energy shortages Mortgage and housing...
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: Environment and energy shortages Mortgage and housing crises War and terrorism Healthcare and Social Security Poverty in the world’s richest nation As the Obama administration takes on the current economic crisis amid accusations of planning a socialist system, economics and political writer John R. Talbott argues that such complex problems found both at home and abroad cannot just be left to the actions of government or the free market business world, or the Bush administration's version of Reagonomics that still sticks to a “trickle-down” policy. The change that Talbott sees from a Barack Obama presidency is one based on justice and cooperation, principles that have not held sway in Washington, DC for a very long time. Obamanomics, infused with Obama’s speeches, campaign policy statements, and other writings, describes not just a government but a NATION acting according to democratic principles to reform lobbying, banking, and housing as well as restore economic growth, address the healthcare system, improve education, and find solutions to our aging population and declining energy sources. Once emphasis is placed on citizen involvement, real solutions become apparent to our most pressing problems. The American values of goodness, justice, and fairness is reflected in this man with roots from Kenya, Kansas, Hawaii, and Illinois can once again be incorporated into our economic and financial system. A former investment banker for Goldman Sachs, John R. Talbott is the author of four books on economics and politics, including The Coming Crash in the Housing Market making him one of the first to predict the current housing and mortgage crisis. 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.
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