D'Souza has always been a breath of fresh air in today's mangled political discourse. Amid the pseudo-intellectual and outright fanciful commentaries from both the right and left, D'Souza injects an intellectual rigor, in-depth research and a cogent writing style in promoting his conservative perspective. As a centrist, D'Souza has been a important source of factual information and intelligent reasoning for the conservative side. And indeed in "Roots" he came through once again.
However in the chapter on economic policy D’Souza descends to over-simplification, calculated misrepresentation or naïveté. This chapter would have you believe that TARP, FinReg and stimulus spending were all engineered by Obama as part of a grand scheme to weaken post-colonial America. But the design of these policy measures were not conceived in the White House, but by a diverse group: Chris Dodd, Barney Frank, Paul Volcker, Tim Geitner and Henry Paulson (from an earlier administration). And I don't think you could argue that all these individuals share this anti-colonial viewpoint.
To demonstrate the `obvious' failure of stimulus he posits: Party A (taxpayer) gives money to Party B (Government). Party B now spends more, but Party A now spends less. Conclusion: No increase in economic activity--stimulus fails. Trouble is Party A is not a taxpayer, it is the Chinese. The Chinese give the US government money (i.e. buys our bonds) which is spent; current period economic activity/GDP must increase. Of course this has other rather negative consequences. But it is either a naïve or a purposely misleading to explain stimulus this way, one worthy of Glenn Beck.
Despite my disappointment in D'Souza in this section, I think this is an important book and would recommend it. There is enough substantive information here to overcome my misgivings.
Report Inappropriate Content