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Neoconomy: George Bush's Revolutionary Gamble with America's Future

Neoconomy: George Bush's Revolutionary Gamble with America's Future

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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.