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Even though this book is about as gripping as watching C-Span, I still rank it as one of my favorite reads because of how much it reveals not only about Washington politics, but the true depth of the US debt crisis. I have been reading other books such as The Real Crash by Peter Schiff and Endgame by John Mauldin that have been panned as being too alarmist and radical for suggesting the possibility of future weakness is the US government bond market. Bob Woodward's account reveals that by the end of the debt ceiling debate in 2011, Timothy Geithner was warning that we were literally hours away from a market panic, followed by the failure of a US bond auction that would set off a worldwide financial meltdown and a depression that would be worse than in the 1930's and the effect would resonate for generations. The deal that finally averted this disaster resolved nothing and simply kicked the can down the road until after the election. Round two is known as the fiscal cliff.
7 of 7 people found this review helpful
If you could sum up The Price of Politics in three words, what would they be?
Children run Washington
Any additional comments?
Shows that politics means more than the country in Washington - from both parties.
6 of 6 people found this review helpful