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You Know I'm Right: More Prosperity, Less Government Hardcover – Bargain Price, October 5, 2010

3.4 out of 5 stars 29 customer reviews

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Hardcover, Bargain Price, October 5, 2010
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Editorial Reviews


“Michelle Caruso Cabrera is very smart and the real deal. Her strong opinions always make you think.”

--Jack Welch

"Michelle Caruso-Cabrera’s splendid book, You Know I’m Right, is all about economic freedom in pursuit of life, liberty, and happiness. She knows that the principles of freedom set down by the Founders must, as Reagan frequently reminded us, be at the very heart of American recovery."

--From the foreword by Larry Kudlow

About the Author

Michelle Caruso-Cabrera is an award-winning financial television journalist whose career spans 20 years. She’s interviewed the world’s most compelling newsmakers. From one of the richest men in the world -- Carlos Slim - to one of the most despised dictators - Venezuelan President Hugo Chavez. She’s covered corporate mergers and scandals and has the inside take on too many CEOs to count. Her relentless pursuit of Wall Street’s biggest stories makes her one of CNBC top presenters. She questions government interference in social policy and hammers everyone she interviews about the need for fiscal conservative. Her following includes like-minded thinkers who are educated, wealthy and powerful.

Michelle can be seen everyday by finances’ biggest brokers and millions of Americans on her show -- right in the middle of the trading day. She also reports for NBC Nightly News and Telemundo. After years of experience, she has a deeply entrenched network of contacts that bring her to the center of every story that breaks on Wall Street. Her address book reads like a who’s who of business titans and she is integrated into their world, providing her intimate access. It was through these contacts she broke the story that Ezra Merkin had to resign as Chairman of GMAC because of his ties to Bernie Madoff.

Michelle’s career started as a stringer for the New York Times and from there she went on to be an investigative reporter in Miami and Tampa. Michelle is a graduate of Wellesley College where she received a degree in economics.


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Product Details

  • Hardcover: 304 pages
  • Publisher: Threshold Editions (October 5, 2010)
  • Language: English
  • ISBN-10: 1439193223
  • ASIN: B0055X5LFQ
  • Product Dimensions: 9.1 x 6.2 x 1.1 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 3.4 out of 5 stars  See all reviews (29 customer reviews)
  • Amazon Best Sellers Rank: #4,024,357 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By Ira E. Stoll VINE VOICE on October 24, 2010
Format: Hardcover
If an American political candidate called for eliminating entirely the federal departments of education, commerce, energy, transportation, and housing and urban development, along with the Securities and Exchange Commission, Social Security, and Medicare, the candidate would probably be denounced as extreme.

So give Michelle Caruso-Cabrera some credit for writing a book that stakes out and defends these positions.

"Man is not free unless government is limited. There's a clear cause and effect here that is as neat and predictable as a law of physics: As government expands, liberty contracts," she writes. She does write that -- but she is quoting a January 1989 speech by President Reagan. It's a reminder that ideas that ideas that initially may seem extreme can win wide support with the right politician communicating them.

As a communicator of political ideas, Ms. Caruso-Cabrera, whose grandparents fled Cuba and Communist dictator Fidel Castro in 1962, is no slouch herself. There's a lot of policy substance in this book and a lot of clear writing and clear thinking to go with it.

On health insurance, she writes, "The debate in Washington is between those who favor employer-based health insurance and those who favor government-based health insurance." They're both wrong, she says: individuals should control their own insurance.

On ObamaCare's "new 3.8 percent tax on unearned income, which includes dividends, rents, capital gains, interest, and a host of other investment incomes," she writes, "Government will tax investment. That means we will get less investment as a result. When you raise taxes on something, you get less of it. That's how higher taxes on cigarettes are justified by politicians.
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Format: Kindle Edition
A well-written and entertaining presentation of the usual small-government stuff. The author proposes to scale back and privatize Social Security, etc. There's even the Euro-bashing chapter, with the usual conservative prediction that Europe is going to go bust (still not going to happen, sorry).

It's great to admire Ronald Reagan but he had solutions for his time, not THE solution for all time! 'Government is the problem' was a catchy slogan- and some changes were needed in 1980. But the idea that government should be continuously shrinking while our world keeps getting more complex and challenging just seems silly and irresponsible to me. Social Security and other programs represent our nation's values. Are they optimal from an economic standpoint? No, but they minimize the risk of being destitute in our old age. Most Americans don't want to bet it all on the stock market. Michelle, I believe you know- from your day job- why they may have a point?
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Format: Hardcover Verified Purchase
Fantastic book that would appeal to both right and left wing readers.
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Format: Hardcover
I can't recommend this book for a few reasons: It is poorly written, relies heavily on sympathetic ultra-libertarian sources, and presents an oversimplification of the economy. The book is a basically a 200 page slogan: Government bad, freedom good. To take one example of Cabrera's bias: she quotes Milton Friedman extensively, which is fine. He was a famous economist. But his view of the role of the government was well out of the mainstream of the economics profession. Reading You Know I'm Right one might think all economists shared Friedman's extreme pro-market views. And it's just false to say tax cuts increase revenues, except in very unusual circumstances. If that were true, then there would be no need for spending cuts at all! Just cut the rate to 1% and let the money flow in! (A number of conservative economists have repudiated this gimmick, by the way).

The book wasn't completely worthless--Cabrera does make some good points on health care, immigration, and a few other issues. But her writing style was so unpleasant to me, I couldn't finish reading even the best chapters. To sum it up: You Know I'm Right is mediocre from front to back.
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Format: Hardcover
Out come the punching gloves right from the start:
Throughout the book Michelle states her dissatisfaction with both the Republican Party and the Democratic Party; at the same time she gives kudos to both Democrats such as Bill Clinton and to Republicans like Ronald Regan where credit is due.
It doesn't take the reader long to see the point of the book is that the government has grown too big and worse than that, not only does it continue to grow, but the rate is accelerating. Regardless of which political party she is talking about, if its policy to control something that could be (and many cases at one time was) run at the state level or is a subsidy of any kind, that political party/politician is going to spoken of in an unfavorable light.

Some reoccurring themes appear is this book. (And if you are on the gov payroll you are not going to like them)
1. Reduce the size of the Federal Government
2. Get rid of ALL subsidies (See point 1)
3. Get rid of all most all of the gov departments (again see point 1)
4. Transfer power back to the states (again see point 1)
5. Lower taxes (no need for higher taxes if the size of the federal gov is smaller)
6. Keep the gov out of our private lives (this could be a godsend to politicians if the only followed)
7. Every dollar the gov spends has to be TAKEN from someone else (ok if you are going to read Michelle's book, you already know and understand this all too well)
8. So many of well intended gov programs have unwanted consequences later on, many of which are far worse than the problem the initially set out to fix
9. Unions for the public sector have got to go.
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