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The United States Since 1980, by Dean Baker
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This provocative book describes the sharp right turn the United States has taken following the election of Ronald Reagan as president in 1980. The treatment details how the policies pursued by the Reagan administration were a break from both the policies pursued by prior administrations and those pursued in other wealthy countries. The Reagan administration policies had the effect of redistributing both before- and after-tax income upward, creating a situation in which the bulk of the economic gains over the last quarter century were directed to a small segment of the population. The analysis explains how both political parties have come largely to accept the main tenets of Reaganism, putting the United States on a path that is at odds with most of the rest of the world and is not sustainable.
- Sales Rank: #1041816 in Books
- Brand: Brand: Cambridge University Press
- Published on: 2007-03-05
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .59" w x 5.98" l, .85 pounds
- Binding: Paperback
- 274 pages
- Used Book in Good Condition
Review
"The bottom line on The United States Since 1980: a fine introduction to a crucially important period whose history - and impact - has only begun to be understood."
-Too Much: A Commentary on Excess and Inequality
"... a highly readable and concise overview of economic and political developments in the US in the last quarter century."
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About the Author
Dean Baker is the cofounder of the Center for Economic Policy and Policy Research in Washington, DC. Before founding the center, he was a senior economist in Washington's Economic Policy Institute. He has authored or edited several books, including The Conservative Nanny State: How the Wealthy Use the Government to Stay Rich and Get Richer (2006), Social Security: The Phony Crisis (1999, with Mark Weisbrot), Getting Prices Right: The Debate Over the Consumer Price Index, which won a Choice book award as one of the outstanding academic books of 1998, and Globalization and Progressive Economic Policy (Cambridge University Press, 1998, coedited with Jerry Epstein and Bob Pollin). Dr Baker has also written for a variety of professional and general-audience publications. His work on economic policy issues is often cited in the media, and he is frequently interviewed on television and radio. Dr Baker has also testified a number of times before Congressional committees. He received his PhD in Economics from the University of Michigan.
Most helpful customer reviews
27 of 30 people found the following review helpful.
Dean Baker is the best
By Edward John Gross
This book isn't what I expected. I wanted more facts and information on how the middle class has lost ground since 1980. This book is a good overview of government policy for the past twenty five years. You walk away from this book with a good overview of history. I'm going to have to dig a little deeper for the actual data that this book was based upon.
I'm a huge Dean Baker fan. Most economists are slaves to their perspectives. It's really hard to get good economic and fiscal views outside the corporate American view. Baker allows us to be free.
Baker predicts a recession this year because of the housing bubble. Lets see how accurate he is. I'm betting on Baker. Don't bank on the Wall Street guys, they seem more interested in protecting their clients than getting you truth.
4 of 4 people found the following review helpful.
Anyone who doesn't understand the past . . .
By Amazon Customer
I am old enough to remember what this country was like before "trickle down" supply side economics. But many people don't. And that is exactly why those same hackneyed arguments about lowering taxes and shrinking government bureaucracy continue to have any impact at all. Even George Bush Senior referred to Reagan's plan as "voodoo economics." Hey, let's give all the money to the rich and maybe they'll give some of it back? Hmm.
Clearly the rich benefit more from tax cuts than anyone else. Say you make $25,000 a year, which would put you above the poverty line in 1980. That gives you a little over $2080 a month to live on, which, in 1980, was possible, depending on where you lived. But if you pay 15% in taxes, you're going to lose $512 per month to Uncle Sam. Wish you could keep it? Of course. $512 a month means a lot to you.
Now say you're making $25,000,000 a year. Uncle Sam is clipping you for more than 50% of that. But that still leaves you with $12,500,000 a year to live on. That's a million dollars a month. If your taxes get lowered to 35%, that gives you an additional $350,000 a month. A lot of money, sure, but you're not going to miss it as much as the guy who's making $25,000 misses his extra $512. And you're not going to miss it nearly as much as Uncle Sam, who's trying to fund programs that benefit, not just the middle class, but everyone, including the rich: education, infrastructure, public works.
Oh, but you're going to invest your tax windfall in job creation, right? Sure, job creation -- in Korea, or India, or China, or Outer Mongolia. If, since 1980, you've been investing in anything that benefits the average American, I would sure like to see what it is. If it's such a good idea to lower taxes and do away with government regulations, then why, after thirty years, do we still need to do more of it? It's like trying to cure a headache by beating your head against a wall. Still got a headache? Well, that just means you haven't done it enough.
This book will open your eyes, not just to what happened to taxes after Reagan, but what happened to labor unions, to health care, to education (did you know that state funded universities used to be FREE?) and to the banking industry. And for all their talk about reducing government spending, the neocons managed to explode the deficit. The only difference is, it was the middle class, rather than the rich, who got stuck with the bill.
10 of 12 people found the following review helpful.
Enlightening and Entertaining
By June Miller
Fast reading and informative. I'll never view our goverment in the same light. The work was carfefully researched, the footnotes are plentiful. Once you read the first page its unlikely you can put the book down till its completed.
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