Obamanomics: How Bottom-Up
Economic Prosperity Will Replace
Trickle-Down Economics (Economics
in the Obama Presidency) by John R.
Talbott
Great Book For The Liberals!
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Barack Obama’s greatest strength has been his ability to bring the country
together in a meaningful dialog. For far too long the divisions among races,

religions, cultures, and genders have prevented Americans from coming
together to solve the most important problems of our generation:
Environment and energy shortages Mortgage and housing crises
War and terrorism Healthcare and Social Security Poverty in the
world’s richest nation As the Obama administration takes on the current
economic crisis amid accusations of planning a socialist system,
economics and political writer John R. Talbott argues that such complex
problems found both at home and abroad cannot just be left to the actions
of government or the free market business world, or the Bush
administrations version of Reagonomics that still sticks to a “trickle-down”
policy.
The change that Talbott sees from a Barack Obama presidency is one
based on justice and cooperation, principles that have not held sway in
Washington, DC for a very long time. Obamanomics, infused with Obama’s
speeches, campaign policy statements, and other writings, describes not
just a government but a NATION acting according to democratic principles
to reform lobbying, banking, and housing as well as restore economic
growth, address the healthcare system, improve education, and find
solutions to our aging population and declining energy sources.
Once emphasis is placed on citizen involvement, real solutions become
apparent to our most pressing problems. The American values of
goodness, justice, and fairness is reflected in this man with roots from
Kenya, Kansas, Hawaii, and Illinois can once again be incorporated into
our economic and financial system.
A former investment banker for Goldman Sachs, John R. Talbott is the
author of four books on economics and politics, including The Coming
Crash in the Housing Market making him one of the first to predict the
current housing and mortgage crisis. He has appeared on CNN, Fox
News, CNBC, and CBS Marketwatch and has written for The Wall Street
Journal, the Financial Times, and the Boston Globe.
Personal Review: Obamanomics: How Bottom-Up Economic
Prosperity Will Replace Trickle-Down Economics (Economics in
the Obama Presidency) by John R. Talbott
Ever since someone coined "Reaganomics" to refer to President Ronald
Reagan's economic policies, it has become standard practice to attach "-
nomics" to nearly every noun. This book - Obamanomics - is similarly a
reference to President Obama's economic policies. The author of the book
strongly believes that the USA is "a country, founded on equality, liberty,
justice and opportunity for all, that is slowly devolving into an unjust class
society where life success is based more on inherited position and
connections than individual effort and merit" ( p. 9).

Elaborating on a further belief that "all our problems are a result of a few
fundamental errors our country has made that can be corrected," the book
looks at what Obama's economic policies offer problem-solving. It outlines
Obama's core beliefs, approach, and the "magnitude and scope of [the]
problems" his administration confronts. A fine attempt as the Introduction
alone makes good independent reading, and the bulk of the book is even
more fascinating. The author is clearly an admirer of Obama. However, the
story he tells is a real one and he tells it in a convincing manner. I strongly
recommend this book.
Amavilah, Author
Modeling Determinants of Income in Embedded Economies
ISBN: 1600210465
ISBN: 1600210465
Quotable Arthur Schopenhauer
ISBN: 9781430324959
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