[Marxism] Obama’s Recovery for the Few

Louis Proyect lnp3 at panix.com
Fri Jun 1 08:24:23 MDT 2012

Obama’s Recovery for the Few by Jack Rasmus
Pluto Press, 2012, 177 pp.

Review by Carl Finamore

Apparently, economics is one of the most popular electives in Ivy 
League schools. Admittedly, it can be a difficult and confusing 
subject. Particularly, it appears, for undergraduates from these 
very elite colleges. According to a survey in the Wall Street 
Journal published a couple of years ago, most of them walk away 
from their brief classroom introductions with blind faith in an 
unfettered and unregulated market economy. Perhaps this explains 
Harvard graduate Barack Obama’s June 2008 comment to cable 
business channel CNBC that, “I’m a pro-growth, free market guy. I 
love the market.” Maybe they’re all reading the same books. I have 
another recommendation. Economics professor Jack Rasmus’s latest 
book, Obama’s Economy: Recovery for the Few. In clear descriptive 
language, Rasmus presents a devastating indictment of the last 
four years of utterly failed government policies and their 
underlying false precepts.


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