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A Presidency In Peril by Robert Kuttner

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Also by Robert Kuttner:

Debtors' Prison, May 2013
Hardcover / e-Book
A Presidency In Peril, March 2010
Hardcover
The Squandering of America, November 2008
Paperback
Obama's Challenge, September 2008
Paperback
The Squandering of America, November 2007
Hardcover
Making Work Pay, May 2002
Paperback
The End of Laissez-Faire, February 1992
Paperback

A Presidency In Peril
Robert Kuttner

The Inside Story of Obama's Promise, Wall Street's Power, and the Struggle to Control Our Economic Future

Chelsea Green Publishing
March 2010
On Sale: March 5, 2010
332 pages
ISBN: 1603582703
EAN: 9781603582704
Hardcover
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Non-Fiction Political

When Barack Obama took office in January 2009, he had an unprecedented chance to do what no other recent president could: seize the nation's financial reins from the corporate elite and return them to the American people. Progressives everywhere held out hope that their new leader would take advantage of the economic crisis he stepped into and enact bold policies that would evoke real financial reforms-putting Main Street in front of Wall Street, at last.

But that, writes Robert Kuttner, is not the way things turned out. Instead, America's best chance for radical financial reform turned into Wall Street's greatest victory. Obama filled his administration with allies of financial elites who were more interested in business as usual than in transformative change. As a consequence, Main Street remained mired in deep recession. Instead of being the instrument of economic renewal, Obama became the target of economic frustration.

In this hard-hitting, incisive account, Kuttner shares his unique, insider view of how the Obama administration not only missed its moment to turn our economy around-but deepened Wall Street's risky grip on America's future. Carefully constructing a one-year history of the problem, the players, and the outcome, Kuttner gives readers an unparalleled account of the president's first year.

More importantly, though, Kuttner shows how we could-with swift, decisive action-still enact real reforms.

This is a book not to be missed by anyone who wants to understand exactly how Wall Street won, and how Main Street can still fight back.

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