Friday, February 22, 2008

What I've been reading

Barack Obama's The Audacity of Hope. It is fun, smart, and well written.

The most surprisingly honest sentence so far (page 156):
the conservative revolution that Reagan helped usher in gained traction because Reagan's central insight--that the liberal welfare state had grown complacent and overly bureaucratic, with Democratic policy makers more obsessed with slicing the economic pie than with growing the pie--contained a good deal of truth.
The sloppiest sentence so far (page 146):
Over the past decade, we've seen...hefty corporate profits, but a shrinking share of those profits going to workers.
I am pretty sure that the share of profits going to workers has been stable--at zero. Profits are what owners get to keep after workers have been paid.