Boiling Point: Democrats, Republicans, and the Decline of Middle-Class Prosperity - Hardcover

Phillips, Kevin

Hardcover

ISBN 10: 0679404619 ISBN 13: 9780679404613

Publisher: Random House, 1993

Synopsis

In the election of 1992, support for George Bush plunged to a level below Herbert Hoover's in 1932 as many middle-class suburbs voted Democratic and Ross Perot surged. In this book, Kevin Phillips shows how this populist explosion revealed a powerful new political force: widespread frustration over the decline of middle-class prosperity and the threat to the American dream.
Teenage homelessness in the Chicago suburbs ... crumpled home values in Southern California ... the worst job market for college graduates in New York City since the Great Depression: It all added up to the sharpest economic decline in decades, provoking political unrest unequaled in sixty years. There had been declines before, but no previous postwar downturn so damaged the white middle class as a whole or raised such fears that Americans might lose the unique economic privileges that they have enjoyed since World War II. Boiling Point shows in dismaying detail what has happened to the middle class since the 1970s in disposable income, earnings, home values, job prospects, public services, assets and net worth, pension safety and health insurance, and the next generation's prospects of enjoying the same rising living standards and upward mobility as its parents had. And it was not a natural result of adverse global trends but of deliberate political choices.
In the Reagan-Bush years American leaders who had once spoken up for the average family were celebrating investors, speculators, and the rich, shifting the burden of taxes from the wealthy to the middle class while starving public services and disregarding the growing debt that would punish future generations.
The populist anger so vivid in 1992 is not a onetime phenomenon. It will persist, Phillips says, until the middle class resumes the road to prosperity under government policies that it considers fair. It is on this that the politics of the 1990s now depends.

About this title

From the Publisher

From the bestselling author of The Politics of Rich and Poor, a scholarly examination of the steady decline of America's middle class--the book President Clinton singled out as the source that should help him solve the middle-class dilemma.

From Publishers Weekly

Phillips's hard-hitting analysis of the middle-class decline in the U.S. is a worthy sequel to The Politics of Rich and Poor , in which he predicted a populist revolt against Reagan-Bush policies that favored the rich. Here the onetime Republican campaign strategist spells out in painstaking detail how the Reagan-Bush agenda benefited the nation's wealthiest 1% at the expense of a middle class battered by inequitable taxes, deteriorating public services, increasingly unaffordable health care and education, shrinking employee benefits, job cutbacks and declining household net worth. Clinton tapped middle-class frustration using populist rhetoric, but unless his administration delivers on its promises to the eroding middle class while revitalizing the economy, the Democrats will be voted out of office in 1996, suggests Phillips. He stresses that the Democrats must replace yesteryear's internationalism with greater emphasis on domestic issues and must curb the abuses sponsored by financial elites and welfare statists alike. An urgently important book. Author tour.
Copyright 1993 Reed Business Information, Inc.

Edition details

• Publisher: Random House
• Publication date: 1993
• ISBN 10: 0679404619
• ISBN 13: 9780679404613
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 307