Surrender: How the Clinton Administration Completed the Reagan Revolution - Hardcover

Meeropol, Michael

Hardcover

ISBN 10: 0472109529 ISBN 13: 9780472109524

Publisher: Univ of Michigan Pr, 1998

Synopsis

Reviewing America's economic policies in the 1980s and 1990s, an economist shows how the Clinton Administration has shared the Reagan Administration's concern with cutting taxes, the budget deficit, and the welfare state, with harmful effects to come. UP.

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Reviews

Despite tough talk about Republican "extremism" in his bid for reelection, President Clinton surrendered to the Reagan Revolution by signing the Welfare Reform Bill of 1996, thus ending a government commitment to the poor dating back to the Great Depression. So argues Meeropol, chair and professor of economics at Western New England College, in this academic treatise. He reports that the durable right-wing revolution actually began in 1979 when, under the leadership of Paul Volcker, the Board of Governors of the Federal Reserve system instituted a stringent anti-inflation policy that continued through the 1990s. The rest of Meeropol's often turgidly written tome is less about the Clinton administration than it is a recounting of economic policy over two decades that has led, he claims, to a conservative agenda benefiting only 20% of the population. "The Clinton administration came into office promising 'People First,'" Meeropol writes. "Instead it has [as] its legacy an abject surrender to an unelected group of people who represent the financial sector of the economy." Believing that the revolution is now complete, Meeropol is not optimistic about the next cycle: "If history is any guide, the majority of people in the United States will benefit even less than they did during the Reagan era." Unfortunately, while the sentiment is laudable, the dry academic tone of this economic treatise is unlikely to appeal to "the majority of people." (Sept.) FYI: One of the Julius and Ethel Rosenberg's two sons, Meeropol previously has written two books on the subject: The Rosenberg Letters and We Are Your Sons.
Copyright 1998 Reed Business Information, Inc.

Edition details

• Publisher: Univ of Michigan Pr
• Publication date: 1998
• Language: English
• ISBN 10: 0472109529
• ISBN 13: 9780472109524
• Binding: Hardcover
• Number of pages: 377