by Norton Garfinkle
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Product Description
Norton Garfinkle paints a disquieting picture of America today: a nation increasingly divided between economic winners and losers, a nation in which the middle-class American Dream seems more and more elusive. Recent government policies reflect a commitment to a new supply-side winner-take-all Gospel of Wealth. Garfinkle warns that this supply-side economic vision favors the privileged few over the majority of American citizens striving to better their economic condition.
Garfinkle employs historical insight and data-based economic analysis to demonstrate compellingly the sharp departure of the supply-side Gospel of Wealth from an American ideal that dates back to Abraham Lincoln—the vision of America as a society in which ordinary, hard-working individuals can get ahead and attain a middle-class living, and in which government plays an active role in expanding opportunities and ensuring against economic exploitation. Supply-side economic policies increase economic disparities and, Garfinkle insists, they fail on technical, factual, moral, and political grounds. He outlines a fresh economic vision, consonant with the great American tradition of ensuring strong economic growth, while preserving the middle-class American Dream.
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Average Customer Review:
2 of 2 people found the following review helpful:
 Very good, important book, 2007-03-03
I heard about this book from Bill Moyers, he mentioned it several times while speaking at the National Conference for Media Reform in Memphis. When I got back, I went to every single book store in Oklahoma City and none carried it, so I knew this must be a good, intellectual book. After finishing it, I must say indeed it is just that, full of good arguments and history and basically saying "..ok, you have to do this or theres going to be problems". It is very readable and I highly recommend Garfinkel's fine work.
3 of 3 people found the following review helpful:
 Myth-Buster, 2007-02-23
I agree that this book was insightful and easy to read. More importantly, the information is thorough and paints an extremely cohesive picture of why current tax policy is wrong-headed. It is now almost a principle of faith that lower taxes on the highest earners bring increased investment and thus faster economic growth. There have been no definitive studies done that support this myth. This book debunks the "Gospel of Wealth" contention with real economic numbers and historical survey. Trickle-down theory has been exposed to the light of factual analysis as a benefit to the super-rich.
8 of 14 people found the following review helpful:
Bill Moyers, Senator Hillary Clinton and Alan Blinder loved this book too., 2006-10-05
Bill Moyers said:
"The American Dream vs. The Gospel of Wealth: The Fight for a Productive Middle-Class Economy is the most important book I've read in years.
It is the clearest, most readable, most insightful, and most powerful account of how the Declaration of Independence and Lincoln's vision of government "of, by, and for the people" are being turned upside down. Garfinkle has sounded the one trumpet that just might wake us up -- if there is still time."
Senator Hillary Clinton said:
"We can choose to chart a wiser economic path by starting with the principles that have inspired Americans from the beginning: Sticking with fiscal discipline, rewarding hard work, investing in our people, and growing a strong middle class.
In The American Dream vs. The Gospel of Wealth, Norton Garfinkle addresses these important economic issues, issues that should be addressed at all levels of government and our society if we expect to maintain the American Dream for future generations."
Alan Blinder, the former Vice Chairman of the Board of Governors of the Federal Reserve System said:
"This fascinating guided tour of America's past reminds us of the moral dimension of economic policy - which used to loom large, but which lately has been submerged. Garfinkle's book may help bring it back."
I think every other reader will agree with Bill Moyers, Senator Hillary Clinton and Alan Blinder and will enjoy this book as much as I did.
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