More than three years in the research and writing, our new book is the distillation of our work chronicling the plight of the American middle class for more than three decades.
Twenty years ago, we warned in America: What Went Wrong? that federal policies were dismantling the middle class. But as we describe in The Betrayal, we vastly underestimated how quickly the nation’s economic elite would consolidate their power and undermine the economic lives of virtually everyone else.
This book tells how it happened:
* How trade policies bought and paid for by major corporations have wiped out millions of good-paying jobs;
* How Congress allowed companies to kill 85,000 pension plans in the last generation; and
*How the rich went from paying 51 percent of their income in federal taxes in the 1950s to 16 percent in our time.
And we tell what else is in store for most Americans if the economic elite continue to have their way.
We tell this story in raw numbers and through the lives of Americans: those who have been victimized by these policies as well as those who have perpetrated this assault on the middle class.
Our book is a call for a return to a balance in policies so that everyone may have an opportunity to realize the American dream.
The Betrayal is receiving a strong response. One Amazon reviewer called it “extremely thought-provoking,” a “powerful, extraordinary book that will make every American ponder long after we close it.”
The Columbia Journalism Review said “the dedication reveals the emotional heart of their enterprise: Not merely number-crunching chroniclers of middle-class decline, the authors are invested in the fate of the people who exemplify it.”
Leonard Downie Jr., former executive editor of the Washington Post, wrote that its publication “. . .during the home stretch of the national political campaign injects a provocative populist imperative into an increasingly intense and perhaps decisive partisan debate over the fate of the American middle class.”
By Don and Jim on 7.31.12