author: Jeffrey Madrick
average rating: 3.14
book published: 2008
read at: 2009/02/25
date added: 2009/02/25
shelves: economics, history, non-fiction, politics
I’m just going to quote Obama’s speech of Feb 24 2009:
"History reminds us that at every moment of economic upheaval and transformation, this nation has responded with bold action and big ideas. In the midst of civil war, we laid railroad tracks from one coast to another that spurred commerce and industry. From the turmoil of the Industrial Revolution came a system of public high schools that prepared our citizens for a new age. In the wake of war and depression, the GI Bill sent a generation to college and created the largest middle-class in history. And a twilight struggle for freedom led to a nation of highways, an American on the moon, and an explosion of technology that still shapes our world.
In each case, government didnâ€™t supplant private enterprise; it catalyzed private enterprise. It created the conditions for thousands of entrepreneurs and new businesses to adapt and to thrive.
We are a nation that has seen promise amid peril, and claimed opportunity from ordeal. Now we must be that nation again. That is why, even as it cuts back on the programs we donâ€™t need, the budget I submit will invest in the three areas that are absolutely critical to our economic future: energy, health care, and education."
Because that’s pretty much the detailed (if brief) argument of the book. A quick solid read.