The Big Con

The Big Con

The True Story of How Washington Got Hoodwinked and Hijacked by Crackpot Economics

Book - 2007
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American politics has been hijacked. Over the past three decades, a fringe group of economic hucksters has corrupted and perverted our nation's policies. With dark, engaging wit, Jonathan Chait reveals how these canny zealots first took over the Republican Party and then gamed the political system and the media so that once unthinkable policies -- without a shred of academic, expert, or even popular support -- now drive the political agenda, regardless of which party is in power.
Why have these ideas succeeded in Washington? How did a clique of extremists gain control of American economic policy and sell short the country's future? And why do their outlandish ideas still determine policy despite repeated electoral setbacks? Chait tells the outrageous and eye-opening story, expertly explaining just how politics and economics work in Washington. Through vivid portraits of venal politicians and pseudo-economists, with wry analyses of their bogus theories, Chait gives us the tools to understand what's really behind economic policy debates in Washington: a riveting drama of greed and deceit.
Publisher: Boston : Houghton Mifflin, 2007.
ISBN: 9780618685400
0618685405
Branch Call Number: 320.973 C435
Characteristics: x, 294 p. ; 22 cm.

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StarGladiator
Mar 07, 2014

Stephen Moore (neocon: Heritage Foundation) has recently been featured repeatedly on CNN and Fox, attacking any increase in the minimum wage - - which should be $27 per hour if still connected to productivity as it once was). I love an erudite author who skewers Stephen Moore, Lawrence Kudlow and Martin Feldstein on the same page. Brilliant! (I also love the way, later on, Mr. Chait skewers talking idiot head, Ted Koppel, now retired, thank the lord! And later, still, he skewers Jim Lehrer, that profesional fraud on that pile of offal, called the PBS News Hour (which should be honestly named, Anything for the Status Quo).) And yes, the typical American voter is a brainless clod, incapable of any analytical or independent thinking. I quite agree. (Please pay close attention to the final paragraph on p. 227, where the author skewers Fox Light, also called NPR. It is priceless writing and criticism.) One of my few criticisms of the author is when he excuses Bill Clinton on the issue of free trade, stating that Clinton supported FTAs which included provisions to protect labor rights and the environment abroad - - which can NEVER BE ENFORCED OR PROPERLY COORDINATED!

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