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Comeback: America's New Economic Boom Paperback – June 11, 2013
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Morris (The Trillion-Dollar Meltdown, 2008, etc.) presents a persuasive, upbeat forecast of economic growth, starting now, for the United States...[He] has a companionable voice, affable and easy, but with words chosen for maximum clarity. He tackles three elements of the American economy...: hydrocarbons from shale; investment in infrastructure and manufacturing; and health care. Serious bureaucratic, technological and environmental issues, unpacked with facility, provide digestible food for thought. Kirkus Reviews
In Comeback: America's New Economic Boom, author Charles Morris refers to "the new X-factor, the American energy advantage." The "game changer"--shale oil and gas technology and production--has put the United States and Canada in the world's leading economic saddle....Yes, technologically unlocked oil and gas has created an energy revolution and industrial bright spot in the... Obama era. Forbes
Charles Morris, the author of the bestselling crisis book The Two Trillion Dollar Meltdown....[has] released a sequel volume--albeit a slim one--called Comeback: America's New Economic Boom. His cause for celebration? The fracking revolution. The nation's supply of natural gas locked in shale "is so vast that it has the potential to transform the manufacturing economy, creating jobs across the country and requiring a new infrastructure that will benefit the nation as a whole." Daniel Gross (Daily Beast/Newsweek)
"Charles Morris (who accurately predicted the crash of 2008) discusses the main themes of his new book "Comeback: America's New Economic Boom" with NPR, here's an excerpt: It's the best-kept secret in the economics media: The United States is on the brink."
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Top Customer Reviews
The author (who wrote the excellent book, "Dawn of Innovation") is half right in this book. He is right about natural gas from tracking. This energy discovery gives this country the chance to become more energy independent and gives us the chance to run industry and electrical power much cheaper. In 1973, both the US and EU hit the skids economically because the price of oil went up by a factor of five. Cheap (or cheaper) energy is critical to the rest of the economy.
The author continues his book after the good section on natural gas with two sections on how healthcare and infrastructure are going to help this country recover. Neither is correct. The costs of healthcare are out of control. Healthcare is a drain on the economy and nearly 20% of the GDP. Yes, we want healthcare, but at a reasonable price. A real step forward would be to get Medicaid out of the hospitals and into a separate system modeled on the British NHS (8% of GDP). Those that get it for free should also get long lines instead of immediate service at Emergency Rooms (the most expensive form of medical care). Infrastructure may or may not increase productivity. Yes, the first transcontinental railroad increased our productivity, but the proposed LA-SF high speed rail is nothing but the world's most stupid project (a high speed rail isn't high speed when it has to go through 50 miles of 4,000 ft. mountains at either end; this is why Switzerland doesn't have high speed rail).
The author carefully explains various common misunderstandings and cites differing opinions of authoritative sources to avoid selective fact gathering. His weighing of facts is to be applauded. If anything he calls for the necessity of requiring the disclosure of more facts to make better public policy decisions, which apparently does not sit well with self-interest parties.
His final chapters are for us to heed with additional suggestions on what will make the prospects successful.
In the strategy of debate, it is said that when arguing, attack the facts and if unsuccessful, then attack the logic; when all else fails, seed suspicion in the other person's intentions. Reading other reviews of his book, it is obvious that critics are busy at work. Yet the author is persuasive to an audience whose agenda is to serve the public good starting with the revival of middle class jobs.
A compelling 5 Stars.
Most Recent Customer Reviews
Too dry. I bailed on it after the first chapter. I am not crazy about fracking, anyway ... makes me wonder if fracking isn't the root cause of some of the earthquakes, in odd... Read morePublished 10 months ago by M. K. Lyons
We have all been told for decades that the U.S. was running out of Oil and that we were becoming more and more dependent on foreign countries, many of whom hate us. Read morePublished 11 months ago by Thomas Grover
A reversal to the 1st and excellent book (trillion...) - BTW - continuing with fossil fuels in the short term only aids the irreversible death punch to us all for the long term... Read morePublished 16 months ago by One rider
Excellent book. I've read Mr. Morris's books before and he always has an insightful, intelligently written book. I've always enjoyed them..Published 17 months ago by Maggie
Enjoyed this book and wish it had been longer. Very informative.Published 23 months ago by Jane Garmon
Excelent overview of the shale gas revolution and the sudden surge of the American Economy as a function of low energy prices, which will be around for quite a long time.Published on December 12, 2013 by RenatoMarques