The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity
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The Squandering of America: How the Failure of Our Politics Undermines Our Prosperity

3.79 of 5 stars 3.79  ·  rating details  ·  43 ratings  ·  14 reviews
The incomes of most Americans today are static or declining. Tens of millions of workers are newly vulnerable to layoffs and outsourcing. Health care and retirement burdens are increasingly being shifted from employers to individuals. Two-income families find they are working longer hours for lower wages, with decreased social support. As wealth has become more concentrate...more
Hardcover, 352 pages
Published November 6th 2007 by Knopf
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The author is very knowledgable about the American economy, globalization and it's effects, regulation of financial institutions and it's effects, and the effects of the financial sphere of influence on American politics. I learned alot about the complexities of our financial institutions and how lack of regulation by our government results in the growing income disparities in this country and tax payer bail-outs when the financial arena stumbles. This book was published in 2007 and warns of the...more
I read this book as it was recommended by Bob Pisani, Dildar's husband. Wonderful economic analysis and I think I understood about a fourth of it, but the writing was just great. I think the thesis of the book is that economic policies that don't lift the social network of the entire country, and we are seeing a continual imbalance of rich and poor, poorly educated, etc. weakens the country. I loved one quote Kuttner made from Robert Frost (I think - the book has been returned) "A liberal can be...more
Nov 26, 2007 Sunlita rated it 3 of 5 stars
Recommends it for: Anyone
Altough, I'm not an American, and I'm not US citizens too...

But the most interesting point from this book is about the expression that used by Kuttner.. Well, he even don't write about decreasing in US (or another 'weak' point), but he CAN wrapped all his argument in this book and maybe should be considerated in the future by 'our' people...?
"As wealth has become more concentrated, the economy has become more recklessly speculative, jeopardizing not only the prospects of ordinary Americans, but the solvency of the entire system". This is an extrodinary book about the why america need to take back a system that that is out of control. A must read!
Jun 02, 2008 Daphne rated it 4 of 5 stars
Recommends it for: anyone who wants to understand why the US is in a pickle!
Sums up all the horrors since the Reagan presidency (and even before in the author's analysis) that led us to this current shellgame of an economy. Kuttner explains it all clearly for those of us who are not economists. His lively writing style makes some of the depressing content more bearable!
Good insight into the impact of tax cuts, New Deal, trade, economic rise of Asia and the politics. Unfortunately redundant and could have been written as a 20 page essay that highlights the main points. However, 300 pages does give opportunity to hammer the points home.
sad how much dishonesty there is in this country - all for the love of money.
Nov 11, 2008 Lars added it
I got bored and didn't finish--the first chapter was really good though!
Nov 01, 2008 Diane added it
Shelves: didn-t-finish
Recommended by a trusted friend. But this is dense... And timely...
depressing but true, goes will with return of depression economics
Disturbing prescient as to everything that's going on now.
a good companion to Krugman's "Conscience of a Liberal"
"Read it, feel depressed, feel inspired, just read it!"
Review pending. . .
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