Posts Tagged ‘Economy’

MSMDC Reviews Audacity

Tuesday, April 27th, 2010

This is from MSMDCNews.com:

President Obama has taken quick and decisive action to enact an economic stimulous package strong enough to address problems of historic proportions. What does this new package mean for American families, businesses, investors, and taxpayers? The Audacity of Help unrolls the blueprints and looks at how the packages passed by Congress and signed into law by President Obama will affect healthcare, education, the environment, energy, taxes, and more. The book includes analysis of sectors and industries that will benefit, as well as those that will not. Wasik’s conclusions are firmly grounded in a comprehensive and enlightening analysis of the final package. Extensive study and interviews with experts from each economic sector support his analysis.

“An Excellent Critique” of Obama’s Economic Plan

Monday, November 30th, 2009

This is a review excerpted from Suite101:

By Paym Bergson

The Audacity of Help is John Wasik’s analysis of President Obama’s economic plan and “Audacity of Hope” speech; with details on the effects for individuals and businesses

It’s easy to analyze and criticize in hindsight; it can also be easy to project that analysis and critique to the future. But to interpret what an economic strategy and outcome means to the here and now (and immediate future) requires an objectivity and understanding of the underlying mechanics of business and society as it is, not as it one may want it. John Wasik proves his ability to not only understand the making of present-day America, but what is needed in the remaking of America, and how President Obama’s economic plan will actually work for all within the United States, not just the chosen few.
Written For Comprehension with Explanation of Obamanomics

The Audacity of Help is clearly written for comprehension; it is not mired in political nor legal jargon. In essence it becomes an interpretation for the individuals and businesses not schooled nor tolerating doublespeak - or the idea of masking the facts.

Each chapter centres on one aspect of economic recovery as pertaining to Obama’s strategy, with an opening quote from a speech presented by Obama. Each chapter clearly delves into the strategy, history and reason for proposal; then a detailed but simple critique under the headings of What Was Promised, What Congress Passed, Who Benefits, and What Needs to be Done is presented.

The Audacity of Help makes it clear why the economic plan needs to address education, healthcare and borrowing costs, to name a few topics and chapters. The alarming results of bank greed are clearly evident, with measures passed to reduce interest charged upon interest and the practice of applying payments to low interest balances rather than high interest (Chapter Six). This actually will benefit all who apply for credit - all individuals as well as businesses. Full disclosure of terms means more informed decisions will be made, rather than the entrapment that seems so prevalent at the moment.

It is clear that with the new strategy and economic plan, the United States can again become a country of opportunity for all, not just a chosen few.
Bottom Line

John Wasik’s The Audacity of Help is an excellent critique and analysis of President Obama’s strategic and economic plan for the revitalization of the United States. Well written in a style for optimum comprehension, it clearly shows what’s happening, why, who benefits, and what needs to be done to ensure not only a complete recovery, but a strengthening for a new emerging America.

Read more: http://americanaffairs.suite101.com/article.cfm/review_of_jwasiks_the_audacity_of_help#ixzz0YNKxt5FG

Tackling Economic Issues

Tuesday, October 13th, 2009

This is a profile that ran in the Daily Herald, a suburban newspaper in Chicagoland:

Author John Wasik of Grayslake looks at writing in different ways.

“Writing a column is like a sprint, you do it in a specific period of time,” he said. “But writing a book is like a marathon with writing, editing and promotion.”

With more than a dozen published books, Wasik’s marathon has focused on a variety of consumer and economic issues, including his latest releases: “The Audacity of Help,” about President Obama’s economic plan and the remaking of America, and “The Cul-De-Sac Syndrome,” about the sustainability of neighborhoods during the real estate downturn.

While the former newspaper reporter has worked for various publishing houses, the latest two books were under Bloomberg Press. They are available through Amazon.com, Barnes & Noble as well as other book stores.

“In some ways, John follows in the footsteps of Jessica Mitford, especially with ‘Cul-De-Sac,’” said his agent Robert Shepard of Los Angeles.

Mitford, one of the famous and politically active Mitford sisters from England, hosted author dinner meetings in San Francisco many years ago that Shepard attended. Wasik had interviewed Mitford for a story and mentioned how he was looking for an agent for his books. Before she died, Mitford connected Wasik to Shepard in the late 1990s.

Still, Wasik draws much on his suburban roots for his books and has even touched on his own neighborhood in “Cul-De-Sac.” That book examines what caused the housing meltdown, how sprawl and tax breaks contributed to unaffordable homes and what could happen next.

As part of his examination, he even coined the term, “spurb,” or the sprawling urban area that’s not conveniently located near anything, like suburbs that seemingly spring out from the middle of a corn field, he said.

His life here has helped to guide his career, like a sprint around the suburbs.

Wasik was born in South Suburban Chicago Heights and grew up in Matteson. After he married, he and his wife, Kathleen, moved to Libertyville and then to Wauconda before settling into a home in Grayslake. They’re raising two daughters: Sarah, 12 and Julia, 8.

He earned a bachelor’s degree in psychology at University of Illinois-Chicago, but later decided to go into journalism. He started his reporting career at the Star Publications, a weekly chain that covers the South Suburbs. He often covered mob-related activities connected to a Chicago Heights city council, he said.

He later joined Consumer Digest magazine and produced several award-winning investigative projects involving treatment of the elderly and financial fraud. That work led him to writing a column for Bloomberg News and writing books, starting in 1987.

Since then, he has won numerous awards and appeared on NBC, NPR and PBS. He’s also a regular speaker around the area. He appears regularly for promotional spots, including at 7 p.m. Wednesday, Oct. 14, at Common Ground in Deerfield, and at 7:30 p.m. Tuesday, Oct. 20, at the Schaumburg Library.

Colleagues believe Wasik has the unique ability to dissect complicated financial problems and explain them in a way that makes sense to everyone.

“I really enjoy having him as a guest on my radio shows because I know we’ll have fun exploring the topic of the day and I’ll wind up thinking a little differently about the issue because of a point he has raised,” said Ilyce Glink of Chicago, a syndicated real estate and finance columnist and commentator.

Will Obamanomics Work?

Monday, September 21st, 2009

This is a review from the conservative blog “Associated Content.” While I don’t agree with the author’s conclusion, it’s important to consider his point of view.

The Audacity of Help by John F. Wasik is a defense of President Obama’s economic policies, based on his campaign promises, the passage of the stimulus package, and the proposal of his first budget. It is not very convincing.

The main virtue of The Audacity of Help is that it contains a very detailed description of what President Obama proposes to do, with a rationale of why he proposes to do it. The Audacity of Help falls down where it attempts to persuade the reader that these new economic policies are
desirable. The reason for this is in the underlining assumptions surrounding those policies.

The first chapter of The Audacity of Help is a brief description of the New Deal, from a liberal point of view, and about how it allegedly saved capitalism by creating a government bureaucracy to “manage it.” The implication is that Barack Obama is FDR reborn, come to fix the alleged excesses of capitalism that were allowed to run rampant under President Reagan and President George W. Bush.

The problem is that modern scholarship on the New Deal suggests that it actually prolonged the Great Depression by stifling private, economic activity and causing uncertainty about government economic policy. If Barack Obama wants to make a second New Deal, which John F. Wasik calls “the Green Deal”, after some of the more environmental aspects of Obama economic policy, then we’re in trouble.

There is a lot of verbiage about how the economic stimulus package was supposed to work, with the “shovel ready jobs” and more spending on science and technology. The reality of the stimulus package, as we know now at the close of the seventh month of the Obama Presidency is that it has not stimulated anything but the growth of government and pork barrel spending.

Indeed, reading The Audacity of Help against the background of the open revolt by the American people, as manifested by the tea party protests and the town hall confrontations, one gets the impression of reading a document whose time has already passed and whose relevancy has been
destroyed by events. The question about Barack Obama’s economic policies is no long how they will help, but rather how much they will hurt before they are stopped and hopefully reversed.

Source: The Audacity of Help, by John F. Wasik, Bloomberg Press, 2009

“A Must Buy:” Black Men in America

Saturday, September 12th, 2009

This is a review from the Website “Black Men in America:”

Reviewed by Gary A. Johnson

What a timely book. The Audacity of Help by John F. Wasik is one of the most comprehensive books about Barack Obama’s Economic Plan and his vision for America. Wasik is no slouch. Unlike many so-called experts, Wasik is uniquely qualified to write this book having spent time studying and following President Obama for years.

Given all of the media attention to the President’s economic plan and the distortions and misrepresentations about the President and his policies, The Audacity of Help is a comprehensive and yet easy to understand breakdown of Barack Obama’s economic plan and challenges for America.

The Audacity of Help is like reading a history book. The author provides charts and blueprints about packages passed by Congress and allows you to understand the bills and what they really mean. Wasik also takes a look at how the President’s policies will affect health care, education, the environment and taxes.

Each chapter is clearly structured to show “what Congress passed,” and “who benefits most,” on issues such as Unemployment Insurance Benefits, COBRA, Home Energy Credits, Early Childhood Education, and more.

This book is no joke. It deals with issues that matter to all Americans.

For me the best part of the book are the thought-provoking questions. These questions forced me to think about the impact these policies will have on my family now and in the future. For example:

* How will it stimulate the worst economy in a generation?
* Who will gain?
* Who will lose?
* What are his plans for reviving public education, small business, the environment, credit reform, health care, homeownership and entitlement programs?
* Which industries will benefit?
* What new jobs will be created?

This book appears to leave no stone unturned as it also compares the President’s plan with the New Deal.

Honestly, reading the book I felt as if I was studying toward an economic degree and liking it. And I hate math and economics, but I could not put this book down. The current economic climate and the author’s knowledge about the economic plan are a great match.

When President Obama took office, banks were severely impaired, companies were cutting pensions, and market disruptions and unemployment left more than 45 million people without health insurance or retirement security.

The book end asking the $64,000 dollar question: Who will pay?

The soaring national debt begs the question: How will this money be paid back? According to author Wasik, the Obamanomics mission will ultimately lead to President Obama being judged on how well his can restore and maintain prosperity. Or in other words, how will he remake or preserve the American Dream.

If you want to understand what is going on with our country’s economy, THE AUDACITY OF HELP: Obama’s Economic Plan and the Remaking of America (Bloomberg Press, August 2009), is a must-buy.