1. BOOKREVIEW:'The Great Deformation:
Assessingthe Blame for Who Bustedthe
Economy:Everybody'sGuilty, Says David
Stockman
article code 85258083180 SWG, southwood norsemytho
group reviews

2. article code 85258083180 SWG, southwood
norsemytho group reviews - David Stockman,
the author of "The Great Deformation: The
Corruption of Capitalism in America"
(PublicAffairs Books, 768 pages, $35.00) was
the architect of the Reagan Revolution meant
to restore sound money principles to the U.S.
government. It failed, derailed by politics,
special interests, welfare, and warfare.
In "The Great Deformation" Stockman describes how the working of free markets
and democracy has long been under threat in America, and provides a nonpartisan,
surprising catalog of the corrupters and defenders. His analysis overturns the
assumptions of Keynesians and monetarists alike, showing how both "liberal" and
"neo-conservative" interference in markets has proved damaging and often
dangerous.
http://www.huntingtonnews.net/61772

3. Over time, crony capitalism has made fools of us all, transforming
Republican treasury secretaries into big government interventionists,
and populist Democrat presidents into industry wrecking
internationalists. Today's national debt stands at nearly $16 trillion.
Divided equally among taxpayers, each of us is $52,000 in debt. This
book explains how we got here—and why this warped crony capitalism
has betrayed so many of our hopes and dreams.
My position on reviewing is to read the book completely, with no
exceptions. I'm making an exception: I've read 90 pages of this tome
and skimmed much of the rest, but this review is based on the pages
I've read. I'll review the book in segments, but I wanted to get out a
review of a vitally important book that was published April 2 before
the reading public ASAP.
http://www.huntingtonnews.net/61772

4. Stockman starts in the late summer and early fall of 2008, when
Treasury Secretary Henry Paulson panicked, convincing President
George W. Bush, Congress and just about everybody that AIG was too
big to fail. In Stockman's view, nobody is too big to fail, as he details in
Chapter 1, "Paulson's Folly: The Needless Rescue of AIG and Wall
Street." Failure is a good way of clearing out companies that don't
deserve to live -- or to convince survivors that they have to downsize.
It's that way for the 95 percent and it should be that way for the 5
percent. article code 85258083180 SWG, southwood norsemytho
group reviews
http://www.huntingtonnews.net/61772