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Was the financial collapse caused by free-market capitalism and deregulation run amok, as liberals claim? Not on your life, says Peter Schweizer. What we are really witnessing is a massive failure of social engineering by liberals. Architects of Ruin, bestselling author Peter Schweizer describes in riveting detail how a coalition of left-wing activists, liberal politicians, and "do-good capitalists" on Wall Street leveraged government power to achieve their goal of broadening homeownership among minorities and the poor. The results were not only devastating to the economy, but hurt the very people they were supposedly trying to help. The story begins in the 1960s with Saul Alinsky, the legendary Chicago rabble-rouser who trained his acolytes in highly aggressive techniques of community activism. Alinsky's disciples--along with race-baiting activists like Jesse Jackson--seized on the "redlining" controversy of those years to argue that banks were guilty of racial discrimination. In the 1970s, with the help of liberal senators like Ted Kennedy and William Proxmire, legislation was passed that put bankers under the thumb of local activists. In the Clinton years, a new generation of liberal technocrats came to power in Washington and on Wall Street. Schweizer describes how a powerful phalanx of elite liberals, including Bill Clinton, Robert Rubin, Andrew Cuomo, Barney Frank, Chris Dodd, Janet Reno, Deval Patrick, Henry Cisneros, Barack Obama, Nancy Pelosi, Ted Kennedy, Charles Schumer, and many others, aggressively pushed banks to make trillions of dollars in loans to individuals who should never have received them. Meanwhile, Clinton forged a new form of state capitalism in which the big Wall Street financial companies were repeatedly bailed out--with their profits intact--from a series of costly errors, leading them to take ever larger risks. Both financial policies had profoundly distorting effects. The result was the bursting of twin bubbles in mortgages and mortgage-backed derivatives, in turn leading to a global economic collapse. This tale of liberal "Robin Hood capitalism run wild" has never been told. But more than just a story about the past, it is also an urgent warning about the future. For today, the very same people who planted the seeds of the collapse are back in Washington, tasked with cleaning up the mess and determined to use the crisis they caused as cover for a massive overhaul of the American economic system. These people have learned nothing from their past mistakes and are busy applying the same methods to other sectors of the economy--health care, the auto industry, real estate (again!), and above all the promotion of "green" technologies--inflating bubbles that are sure to bring about another crisis. Ordinary Americans who foot the bill for the last state-capitalist bubble have reason to be afraid--very afraid--of the inevitable result.
Get the inside story on America's most powerful political dynasty. President George W. Bush leads our nation in a time of unprecedented peril. But how well do we really know him or his remarkable family, whose history often mirrors the history of America? Now, in the first full-scale biography of the Bushes, Peter and Rochelle Schweizer trace the extraordinary trajectory of their rise to power. Through a series of exclusive, surprisingly candid interviews with members of the family and close friends, the inner workings of this very private family are revealed: their marriages and friendships; the intense sibling rivalry between George W. and Jeb Bush; divisions between father and son over the Iraq war; even Jeb Bush's plans to run for president in 2008. Never-before-seen private photos add even greater detail and depth to this fascinating family portrait. And above all, we see George W. Bush the way his family does, as an intensely driven person who has a much more complex relationship with his father than has often been portrayed in the media. Family members talk about how he deals with the stresses of the war on terrorism, why he sees it as a "religious war," and how his personal faith influences what he says and does. The Schweizers also delve into the Bushes' sensitive and secret business dealings, including their long history of involvement in the oil business. Their shrewd alliances with other American dynasties--including the Kennedys, Rockefellers, and Tafts--have all helped to quietly consolidate their power within the Republican Party. Indeed, what makes the Bushes so successful is that they function less like the great political families before them and more like a high-tech startup: free-flowing, pragmatic, and opportunistic. It is this distinction that assures them an enduring presence on the nation's political stage, making The Bushes essential reading for anyone who cares about America's future.
In this riveting novel by two of Washington's ultimate insiders, the chain of command is threatened when political power is bought in blood. Secret Service Agent Michael Delaney has devoted his entire career to protecting America's highest ranking elected officials. But when his gun is found next to the bloody corpse of the President of the United States, he becomes the prime suspect in a brutal assassination that stuns the nation. As the vice president assumes control of the shaken government, a series of violent terrorist attacks is launched in cities across America, causing the government to take ever more desperate steps to keep the population safe. Shockingly, the resourceful enemy they are fighting comes not from another country but from within America's borders. Unsure who he can trust, Delaney finds an unexpected ally in Mary Campos, the president's newly appointed terrorism czar. With each passing hour, the potential for catastrophe grows and the web of evidence implicating Delaney in the plot grows more convincing. It will take all his cunning and years of special training to find out who is framing him for the murder of a president. Not only are his reputation and liberty at stake but the liberty of all Americans. Former Secretary of Defense Caspar Weinberger and acclaimed writer Peter Schweizer take readers deep inside the U.S. government's secret halls of power. From the Pentagon to Camp David, from the White House Situation Room to the inner sanctums of the FBI, the authors share their intimate knowledge of Washington's behind-the-scenes world to spin an explosive tale of intrigue that is chillingly real and breathtakingly suspenseful.
Prominent liberals support a whole litany of policies and principles: progressive taxes, affirmative action, greater regulation of corporations, raising the inheritance tax, strict environmental regulations, children's rights, consumer rights, and more. But do they actually live by these beliefs? Peter Schweizer decided to investigate the private lives of politicians like the Clintons, Nancy Pelosi, the Kennedys, and Ralph Nader; commentators Michael Moore, Al Franken, Noam Chomsky, and Cornel West; entertainers or philanthropists Barbra Streisand and George Soros. Using publicly-available real estate records, IRS returns, court depositions, and their own published statements, he sought to examine whether they lived by the principles they so forcefully advocate. What he found was a long list of contradictions. Many of these proponents of organized labor had developed various methods to sidestep paying union wages or avoid employing unions altogether. They were also adept at avoiding taxes; invested heavily in corporations they had denounced; took advantage of foreign tax credits to use non-American labor overseas; espoused environmental causes while opposing those that might affect their own property rights; hid their investments in trusts to avoid paying estate tax; denounced oil companies but quietly owned them. Schweizer's conclusion is simple: liberalism in the end forces its adherents to become hypocrites. They adopt one pose in public, but when it comes to what matters most in their own lives-their property, their privacy, and their children--they jettison their liberal principles and adopt conservative ones. If these ideas don't work for the very individuals who promote them, Schweizer asks, how can they work for the country?
A bombshell investigation reveals how Washington really works: politicians extort money from us, then use it to buy each other's votes. Best-selling author Peter Schweizer reveals: *Obama's "Protection Money": How the Obama Administration targeted industries for criminal investigation but chose not to pursue key political donors. *John Boehner's "Tollbooth": How the Speaker of the House extracts money by soliciting political donations before he will hold crucial votes on the House floor. *The "Slush Fund": How politicians extract "campaign contributions" and then convert them to bankroll lavish lifestyles complete with limos, private jets, golf at five-star resorts, fine wines, and cash for family members. *Capitol Hill's "Underground Economy": How congressmen use a little-known loophole that allows them to secretly link their votes to cash. Extortion finally makes clear why Congress is so dysfunctional: it's all about making money, not making law.
InMakers and Takersyou will discover why: * Seventy-one percent of conservatives say you have an obligation to care for a seriously injured spouse or parent versus less than half (46 percent) of liberals. * Conservatives have a better work ethic and are much less likely to call in sick than their liberal counterparts. * Liberals are 2½ times more likely to be resentful of others' success and 50 percent more likely to be jealous of other people's good luck. * Liberals are 2 times more likely to say it is okay to cheat the government out of welfare money you don't deserve. * Conservatives are more likely than liberals to hug their children and "significantly more likely" to display positive nurturing emotions. * Liberals are less trusting of family members and much less likely to stay in touch with their parents. * Do you get satisfaction from putting someone else's happiness ahead of your own? Fifty-five percent of conservatives said yes versus only 20 percent of liberals. * Rush Limbaugh, Ronald Reagan, Bill O'Reilly and Dick Cheney have given large sums of money to people in need, while Ted Kennedy, Nancy Pelosi, Michael Moore, and Al Gore have not. * Those who are "very liberal" are 3 times more likely than conservatives to throw things when they get angry. The American left prides itself on being superior to conservatives: more generous, less materialistic, more tolerant, more intellectual, and more selfless. For years scholars have constructed--and the media has pushed--elaborate theories designed to demonstrate that conservatives suffer from a host of personality defects and character flaws. According to these supposedly unbiased studies, conservatives are mean-spirited, greedy, selfish malcontents with authoritarian tendencies. Far from the belief of a few cranks, prominent liberals from John Kenneth Galbraith to Hillary Clinton have succumbed to these prejudices. But what do the facts show? Peter Schweizer has dug deep--through tax documents, scholarly data, primary opinion research surveys, and private records--and has discovered that these claims are a myth. Indeed, he shows that many of these claims actually apply more to liberals than conservatives. Much as he did in his bestsellerDo as I Say (Not as I Do), he brings to light never-before-revealed facts that will upset conventional wisdom. Conservatives such as Ronald Reagan and Robert Bork have long argued that liberal policies promote social decay. Schweizer, using the latest data and research, exposes how, in general: * Liberals are more self-centered than conservatives. * Conservatives are more generous and charitable than liberals. * Liberals are more envious and less hardworking than conservatives. * Conservatives value truth more than liberals, and are less prone to cheating and lying. * Liberals are more angry than conservatives. * Conservatives are actually more knowledgeable than liberals. * Liberals are more dissatisfied and unhappy than conservatives. Schweizer argues that the failure lies in modern liberal ideas, which foster a self-centered, "if it feels good do it" attitude that leads liberals to outsource their responsibilities to the government and focus instead on themselves and their own desires.
Ronald Reagan has been considered at best an amiable dunce, a genial actor who simply mouthed whatever slogans his right-wing puppetmasters put in front of him. This book presents Reagan as President and statesman. Reagan's War is the story of Ronald Reagan's personal and political journey, beginning with his days in Hollywood, where he led the movie industry's resistance to an attempted communist takeover of Hollywood unions. The fight against communism changed the whole direction of his life. Schweizer chronicles Reagan's anti-communist crusade from governor of California to the White House. Along the way, Reagan moved from an initial posture of containment to being an advocate of head-on confrontation. Schweizer brings to light dozens of previously unknown facts about the Cold War, based on secret documents obtained from archives in Russia, Germany, Poland, Hungary, and the United States. Among his revelations are a North Korean and East German plot to assassinate Reagan in 1983; Reagan's secret funding of Solidarity of Poland; and the behind-the-scenes support that the Soviets and East Germans provided for European and American peace movements, as well as their clandestine contacts with U.S. government officials.
Politicians often come into office with relatively modest assets. As investors, they regularly beat the market and sometimes beat the most rapacious hedge funds. Even without making stock trades, they often retire rich. How do they do it?Billionaires and hedge fund managers often make well-timed investment decisions that anticipate events in Washington. How do they do it?When such former politicians and federal appointees as Al Gore, Dan Quayle, and Madeleine Albright decide to launch investment funds, wealthy clients sign up. Why?Welcome to the insidious world of crony capitalism.Cronyism exists not so much as outright bribery, using suitcases full of cash, but rather in accepted insider routes to wealth: Members of Congress trade stocks based on privileged information. They insert earmarks into bills to improve their own real estate holdings. Campaign contributors receive billions in federal grants. Nobody goes to jail.Crony capitalism transcends party lines and has become a big business hidden in plain sight. Using personal financial information, government databases, and a team of indefatigable researchers, Peter Schweizer shines a light into the darkest corners of the system -- and offers ways to overcome it. It is time to clean house.
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