Back to Work

Back to Work

eBook - 2011
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"I wrote this book because I love my country and I'm concerned about our future," writes Bill Clinton. "As I often said when I first ran for President in 1992, America at its core is an idea--the idea that no matter who you are or where you're from, if you work hard and play by the rules, you'll have the freedom and opportunity to pursue your own dreams and leave your kids a country where they can chase theirs." In Back to Work , Clinton details how we can get out of the current economic crisis and lay a foundation for long-term prosperity. He offers specific recommendations on how we can put people back to work and create new businesses, increase bank lending and corporate investment, double our exports, and restore our manufacturing base. He supports President Obama's emphasis on green technology, saying that change in the way we produce and consume energy is the strategy most likely to spark a fast-growing economy and enhance our national security. Clinton also says that we need both a strong economy and a smart government working together to restore prosperity and progress. He demonstrates that whenever we've given in to the temptation to blame government for our problems, we've lost our commitment to shared prosperity, balanced growth, financial responsibility, and investment in the future. That has led our nation into trouble because there are some things we have to do together. For example, he says, "Our ability to compete in the twenty-first century is dependent on our willingness to invest in infrastructure: we need faster broadband, a state-of-the-art national electrical grid, modernized water and sewer systems, and the best airports, trains, roads, and bridges. "There is no evidence that we can succeed in the twenty-first century with an antigovernment strategy," writes Clinton, "with a philosophy grounded in 'You're on your own' rather than 'We're all in this together.'" Clinton believes that conflict between government and the private sector has proved to be remarkably good politics, but it has produced bad policies, giving us a weak economy with few jobs, growing income inequality and poverty, and a decline in our competitive position. In the real world, cooperation works much better than conflict, and "we need victories in the real world."
Publisher: [S.I.] : Knopf Doubleday Publishing Group, 2011.
ISBN: 9780307959768
Branch Call Number: eBOOK OVERDRI
Additional Contributors: OverDrive, Inc

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StarGladiator
Mar 03, 2014

OK - - let's do the breakdown:
The Blackstone Group, then the wealthiest private equity firm [private bank] on the planet, provides presidential candidate Bill with an office to solicit campaign donations.
[In the present, his wife's top advisor sits on the BoD of BlackRock, an offshoot of the Blackstone Group, and one of the Big Four investment firms.]
In 1993, the SEC, under Clinton, would drop the requirement for investment firmst to report the identities of their major shareholder - - to obscure ownership, one doesn't know the owners, one doesn't know who owns everything!
Clinton signed NAFTA, which includes a clause allowing for foreign ownership of Mexican banks, and within one year 90% of them will be foreign-owned, mainly by American banks.
Clinton signed the Riegle-Neal Interstate Banking and Branching Efficiency Act, allowing for full interstate banking - - a major step in the formation of a global banking cartel.
Clinton signed the Investment Company Act of 1996, allowing for a limitless number of investors in hedge funds, et cetera. [When coupled with his later legislation, combined with limitless commodity futures purchases and limitless credit default swap purchases, this ensures incredible potential for speculation and lays the groundwork for the global economic meltdown and historic transfer of wealth from the 90% to the .01% [the REIT Modernization Act, the Gramm-Leach-Bliley Act - - the Glass-Steagall killer, the Commodity Futures Modernization Act].
From 1997 to 2007, $23 trillion in securitized debt will be sold - - between 2007 to 2009, US households will lose $17 trillion in value and assets, whil $6 trillion from those credit derivatives is lost in Europe. [$23 trillion in securitized debt sold - - $23 trillion in losses.]
And in 2013, the Blackstone Group would buy 41,000 fraudclosed homes, making them the number one landlord in America, then they would issue rent-backed securities [credit derivatives].

debwalker Nov 13, 2011

Advice from Bill to a nation in decline. Too late?

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