Ryan's Reviews > Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics

Obamanomics by John R. Talbott
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Nov 14, 08

Read in November, 2008

John Talbott was one of the voices warning that was is not happening to the economy would indeed happen. He brings his expertise to the policies of Barack Obama. I think he does himself a bit too much of a favor putting Obama's name so prominently in his title. But, he does do a good job of showing both what is the substance of Obama's economic policies and what he personally believes should be done. He even has the courage to make the important point that most people are afraid to make:

Reagan/Bush style economics (trickle down economics) is easily shown to benefit only a small group of already rich people, and to cause pain for the country as whole. We already know that trickle down economics does not work to improve or retain the strength of a country. But he rightly makes the case that even attempting trickle down economics is morally wrong. It is backwards and wrong to have government encourage wealth for the already wealthy - Barack Obama offers a positive alternative and this book is a pretty good introduction to that alternative.
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