Review:
Everybody else talked of the Lehman crisis as a blip, but Rasmus got it right: his concept of ‘epic recession’ describes what happened, in America and in the Western world. In this trenchant critique of Obama's stimulus measures, he asks searching questions about the scale of the actions taken and the suitability of their design. With orthodox economics coming under strain, Rasmus’ unorthodox economics is a refreshing counter-argument to the mainstream. (Paul Mason, BBC Newsnight Economics Editor, author of Meltdown: The End of the Age of Greed and Live Working or Die Fighting: How the Working Class Went Global)
Obama was elected because he represented hope and the expectation of change. But as Rasmus shows, little changed for tens of millions of unemployed, homeowners, and those dependant on government services. Rasmus describes in detail how Obama was the most conservative and business-oriented of the Democratic candidates in 2008, and how his first-term economic policies reflected that orientation. (Chuck Mack, International Vice-President, International Brotherhood of Teamsters Union)
Jack Rasmus gives new meaning to common sense economics. While working people reel in the downward spiralling economy, Rasmus analyses how we got where we are and makes recommendations for sustained economic growth and recovery. (Donna DeWitt, President, South Carolina AFL-CIO)
A revealing exposé... Rasmus proposes a detailed "alternative program" that is strongly pro-labor and progressive. It is time to begin public debate of economic and political alternatives -- something which Rasmus's book has begun. (Nancy Wohlforth, Co-Covenor, US Labor Against War)
About the Author:
Jack Rasmus is a Professor of Economics at St Marys College and Santa Clara University, both in California. He is a freelance economics journalist and author of Epic Recession: Prelude to Global Depression (Pluto, 2010). He has been a business economist, market analyst and vice-president of the National Writers Union.
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