There is an excellent book on the economy that George Bush's advisors are trying to push through.
Neoconomy by Daniel Altman What is the neoconomy? That depends whom you ask. It could be the secret to limitless prosperity. Or it could be a one-way ticket to chaos. The first glimpses of the neoconomy appeared during the Reagan administration, but they were soon clouded by a legacy of sky-high budget deficits. George H. W. Bush couldn't afford it. In the Clinton years, its prospects all but disappeared in a flurry of economic fine-tuning that delivered record-setting budget surpluses and rock-bottom unemployment rates. But just when you might have counted them out, the neoconomists found a savior. George W. Bush was a businessman who understood the neoconomy almost instinctively, and had the will and boldness to make it a reality. In Neoconomy Daniel Altman explains the intellectual roots of the Bush administration's economic policy; and why Bush has been so intent on implementing it despite the dashed expectations, terror and financial scandal that have buffeted the economy. He shows why the neoconomists remain committed to their vision even though it has contributed to the biggest budget deficit in history, at the end of the nation's fastest-ever swing into the red. The neconomists are seeking to transform the American economy; but inadvertently or not, they are also transforming American society. The revolution is finally coming, and it's coming from above. Read it, you will be surprised at how much has already been done. http://www.amazon.com/exec/obidos/tg/detail/-/1586482297/002-5649831-3582444 -----Original Message----- From: Won Lee [mailto:[EMAIL PROTECTED] Sent: Tuesday, January 18, 2005 12:28 PM To: CF-Community Subject: Re: 3 Reason Why Bush's Social Security Proposal Is Stupid > > As usual, Mr. Bush is trying to prove the triumph of marketing over > good policy; but based on the election, he'll get it passed. Invest > in the financial sector now! Woo! More work for me. But that said, it's even worse. The financial companies are going to ask for a government subsidy to setup the private retirement accounts. The initial numbers, I've been told, look like this will not be profitable for the account custodians. At most firms, holding IRA accounts is not really profitable. They do it because, to the average person, there is a lot of hassles of rolling your IRA to other institutions. If they get your IRA then the thinking is that your more transferable accounts will be moved over to their banks. Including checking, savings, and mortgages. But banks are masters of risk management. Unlikely they will move forward with shouldering the management of accounts without a proven business case this will be profitable for them without some sort of government help. -- 2004 - The year $184M couldn't buy a pennant. Ron Artest: Extremely flawed, very accidental, semi-martyr ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143159 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
