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100	1		_aAllen Meeropol, Michael _4auth
245	1	0	_aSurrender: How the Clinton Administration Completed the Reagan Revolution
260			_aAnn Arbor _bUniversity of Michigan Press _c2017
300			_a1 electronic resource (401 p.)
506	0		_aOpen Access _2star _fUnrestricted online access
520			_aMichael Meeropol argues that the ballooning of the federal budget deficit was not a serious problem in the 1980s, nor were the successful recent efforts to get it under control the basis for the prosperous economy of the mid-1990s. In this controversial book, the author provides a close look at what actually happened to the American economy during the years of the "Reagan Revolution" and reveals that the huge deficits had no negative effect on the economy. It was the other policies of the Reagan years—high interest rates to fight inflation, supply-side tax cuts, reductions in regulation, increased advantages for investors and the wealthy, the unraveling of the safety net for the poor—that were unsuccessful in generating more rapid growth and other economic improvements. Meeropol provides compelling evidence of the failure of the U.S. economy between 1990 and 1994 to generate rising incomes for most of the population or improvements in productivity. This caused, first, the electoral repudiation of President Bush in 1992, followed by a repudiation of President Clinton in the 1994 Congressional elections. The Clinton administration made a half-hearted attempt to reverse the Reagan Revolution in economic policy, but ultimately surrendered to the Republican Congressional majority in 1996 when Clinton promised to balance the budget by 2000 and signed the welfare reform bill. The rapid growth of the economy in 1997 caused surprisingly high government revenues, a dramatic fall in the federal budget deficit, and a brief euphoria evident in an almost uncontrollable stock market boom. Finally, Meeropol argues powerfully that the next recession, certain to come before the end of 1999, will turn the predicted path to budget balance and millennial prosperity into a painful joke on the hubris of public policymakers. Accessibly written as a work of recent history and public policy as much as economics, this book is intended for all Americans interested in issues of economic policy, especially the budget deficit and the Clinton versus Congress debates. No specialized training in economics is needed.
540			_aCreative Commons _fhttps://creativecommons.org/licenses/by-nc-nd/4.0/ _2cc
546			_aEnglish
650		0	_aФакторы влияющие на экономику _92662
653			_aПолитика и экономика
653			_aБизнес и менеджмент
653			_aМакроэкономика
856	4	0	_awww.oapen.org _uhttps://library.oapen.org/bitstream/id/f1510d13-112f-4282-b36e-6da4dcbf5da6/1006137.pdf _70 _zDownload
856	4	0	_awww.oapen.org _uhttp://library.oapen.org/handle/20.500.12657/23997 _70 _zDescription
909			_c4 _dDarya Shvetsova
942			_2udc _cEE
999			_c5824 _d5824