The Escape Artists: How Obama’s Team Fumbled the Recovery
by Noam Scheiber
Simon and Schuster, 351 pp., $28.00
Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right
by Thomas Frank
Metropolitan, 225 pp., $25.00
The Age of Austerity: How Scarcity Will Remake American Politics
by Thomas Byrne Edsall
Doubleday, 256 pp., $24.95
Back to the usual, all-purpose culprit: government…. The feds forced banks to hand out special loans to minority borrowers…and…the entire financial crisis was a consequence of government interference.
The two major political parties are enmeshed in a death struggle to protect the benefits and goods that flow to their respective bases, each attempting to expropriate the resources of the other. A brutish future stands before us.
the shift to a majority-minority nation [i.e., a nation in which minorities will make up the majority] will strengthen the already widely held view that programs benefiting the poor are transferring their taxpayer dollars to minority recipients, from first whites to blacks and now to “browns.”
However awkward it may be for the traditional press and nonpartisan analysts to acknowledge, one of the two major parties, the Republican Party, has become an insurgent outlier—ideologically extreme; contemptuous of the inherited social and economic policy regime; scornful of compromise; unpersuaded by conventional understanding of facts, evidence, and science; and dismissive of the legitimacy of its political opposition. When one party moves this far from the center of American politics, it is extremely difficult to enact policies responsive to the country’s most pressing challenges.