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Reality Check: The Unreported Good News About America Hardcover – July 29, 2008


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Product Details

  • Hardcover: 245 pages
  • Publisher: Regnery Publishing; 1 edition (July 29, 2008)
  • Language: English
  • ISBN-10: 1596985607
  • ISBN-13: 978-1596985605
  • Product Dimensions: 9 x 6.1 x 1.1 inches
  • Shipping Weight: 1 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (8 customer reviews)
  • Amazon Best Sellers Rank: #1,819,686 in Books (See Top 100 in Books)

Editorial Reviews

From the Inside Flap

Is America Really Past Her Prime?

The price of oil is skyrocketing. The housing market has collapsed--and so has the dollar. Every day brings a new story about how America's economy is about to sink--how the future belongs to the emerging economies of China and India. But guess what? America isn't on the brink of collapse. In fact, if anything, America's economy is poised for a resurgent future. If you thought the media were only telling you half the story, you were right. In their provocative new book, Reality Check: The Unreported Good News about America, authors Dennis Keegan and David West redress the media balance. In Reality Check you'll learn the facts the liberal media don't want you know. Did you know, for instance, that:

* since 2001 the U.S. economy's increase has been larger than the entire economy of China
* the federal deficit is lower now, as a percentage of the Gross Domestic Product, than it was during the 1990s, 1980s, and 1970s
* the real villain in high gas prices is taxes
* personal income has risen by 12.1 percent over the last seven years

and that's just scratching the surface. If you want to know the real state of the Union, Reality Check is essential reading.

About the Author

Dennis Keegan is Chairman and Chief Investment Officer of the Auspex Group, a hedge fund headquartered in Greenwich, Connecticut. Previously, he served for fifteen years with Salomon Brothers, Inc., in New York and London. During his career with Salomon Brothers, he headed up the U.S. proprietary trading, European fixed income arbitrage, and foreign exchange divisions. He was the chairman of Salomon's risk management committee, co-head of global fixed income, and co-chief executive of European operations. Mr. Keegan earned a bachelor's degree in economics at UCLA, and an MBA from the UCLA Anderson School of Management, where he currently serves on the Board of Visitors.

David W. West is Founder and CEO of Civicom, an advanced telecom and web-conferencing services company. He is the former general manager of a division of Nestlé, the world's largest food company, where he championed a number of highly successful new businesses. He received an MBA from Harvard Business School where he received the 2005 "Making a Difference" Award for his pioneering work in corporate philanthropy.


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9 of 9 people found the following review helpful By Roger J. Buffington TOP 500 REVIEWERVINE VOICE on August 23, 2008
Format: Hardcover
As John Adams famously said, "facts are stubborn things..." The purpose of this piece is to debunk certain items of common knowledge about America as she enters the 21st Century. The traditional mass-media often presents various beliefs more or less as truths, which they support with selectively derived anecdotal evidence. The approach taken in the book is to isolate a common (usually media-driven) belief, and then examine it in light of actual statistical data. The dismayingly common result is that we find that many common notions about America's place in the world are simply wrong.

Also by way of disclosure, I went to college with, and was friends with, author Dennis Keegan at UCLA and we both served in the US Army in Germany in the late 1970s. Both of us were tank commanders during that time.

For example, during most of the Bush Administation (of which I am no great fan, I state by way of disclosure), the media has incessantly informed the citizenry that the United States is in recession, with dangerously high unemployment, anemic job creation, and an economy that is losing competitiveness to other countries. Only problem is--this is not so. The authors present statistics that show that the US ranks in the top five countries for GDP growth during most of the past eight years (dropping to number 12 during 2007 only, as the unwinding of the mortgage lending and housing bubble takes a toll). Average GDP growth of the American economy also must be viewed, as the authors point out, in light of what it is that is growing--many economies that have higher growth than America are relatively small. Put in context, during the last eight years the growth component alone of the American economy is larger than the *entire* Chinese economy.
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7 of 7 people found the following review helpful By Carlton Higbie on August 19, 2008
Format: Hardcover
This is an excellent condensed survey - made for ordinary people -- of important economic questions of the day with clear, readable answers. And, just in time for the upcoming presidential campaign. While politics is mostly about impressions, this book has real facts (many quite surprising) which dispel many commonly believed myths.

The topics are packaged one-to-a-chapter so you can digest an issue at a time. The authors leave out the more baroque analytics which make economics inaccessible or dry to some people, but they know how to zero-in on the key facts. I found myself repeatedly saying: "I didn't know that!"
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5 of 5 people found the following review helpful By Susan Sheesley on August 28, 2008
Format: Hardcover
Reality Check is a very important book for everyone in this country to read. It does a thorough job of counterbalancing the mythes and lies that are so commonly put forward daily in the news.

As well,it is informational and easily readable for anyone who wants to understand basic economics and how they relate to our personal world. Reality Check is definitely worth the time it takes to read!
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4 of 4 people found the following review helpful By Richard Werner on August 17, 2008
Format: Hardcover
This book provides an unbiased review at the major issues of the past 10 years. Heavily researched and footnoted, it provides a much different picture of the United States than what the media paints. If you would like data rather than opinion on the state of the U.S., this is the book to read.
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