Back to Work

Back to Work

Why We Need Smart Government for A Strong Economy

Book - 2011
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President Bill Clinton gives us his views on the challenges facing the United States today and why government matters--presenting his ideas on restoring economic growth, job creation, financial responsibility, resolving the mortgage crisis, and pursuing a strategy to get us "back in the future business." He explains how we got into the current economic crisis, and offers specific recommendations on how we can put people back to work, increase bank lending and corporate investment, double our exports, restore our manufacturing base, and create new businesses. He supports President Obama's emphasis on green technology, saying that changing the way we produce and consume energy is the strategy most likely to spark a fast-growing economy while enhancing our national security.

Clinton also stresses that we need a strong private sector and a smart government working together to restore prosperity and progress, demonstrating that whenever we've given in to the temptation to blame government for all our problems, we've lost our ability to produce sustained economic growth and shared prosperity.

Clinton writes, "There is simply no evidence that we can succeed in the twenty-first century with an antigovernment strategy," based on "a philosophy grounded in 'you're on your own' rather than 'we're all in this together.' " He believes that conflict between government and the private sector has proved to be good politics but has produced bad policies, giving us a weak economy with not enough jobs, growing income inequality and poverty, and a decline in our competitive position. In the real world, cooperation works much better than conflict, and "Americans need victories in real life."
Publisher: New York : Alfred A. Knopf, 2011.
Edition: 1st ed. --
ISBN: 9780307959751
0307959759
Branch Call Number: 330.973 Cli
Characteristics: x, 196 p. : ill.

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StarGladiator
Mar 03, 2014

OK - - let's do the breakdown:
The Blackstone Group, then the wealthiest private equity firm [private bank] on the planet, provides presidential candidate Bill with an office to solicit campaign donations.
[In the present, his wife's top advisor sits on the BoD of BlackRock, an offshoot of the Blackstone Group, and one of the Big Four investment firms.]
In 1993, the SEC, under Clinton, would drop the requirement for investment firmst to report the identities of their major shareholder - - to obscure ownership, one doesn't know the owners, one doesn't know who owns everything!
Clinton signed NAFTA, which includes a clause allowing for foreign ownership of Mexican banks, and within one year 90% of them will be foreign-owned, mainly by American banks.
Clinton signed the Riegle-Neal Interstate Banking and Branching Efficiency Act, allowing for full interstate banking - - a major step in the formation of a global banking cartel.
Clinton signed the Investment Company Act of 1996, allowing for a limitless number of investors in hedge funds, et cetera. [When coupled with his later legislation, combined with limitless commodity futures purchases and limitless credit default swap purchases, this ensures incredible potential for speculation and lays the groundwork for the global economic meltdown and historic transfer of wealth from the 90% to the .01% [the REIT Modernization Act, the Gramm-Leach-Bliley Act - - the Glass-Steagall killer, the Commodity Futures Modernization Act].
From 1997 to 2007, $23 trillion in securitized debt will be sold - - between 2007 to 2009, US households will lose $17 trillion in value and assets, whil $6 trillion from those credit derivatives is lost in Europe. [$23 trillion in securitized debt sold - - $23 trillion in losses.]
And in 2013, the Blackstone Group would buy 41,000 fraudclosed homes, making them the number one landlord in America, then they would issue rent-backed securities [credit derivatives].

debwalker Nov 13, 2011

Advice from Bill to a nation in decline. Too late?

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