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Maestro: Greenspan's Fed and the American Boom
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Bob WoodwardNumber Of Downloads:
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Language:
English
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1.48 MB
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HistorySection:
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321
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excellent
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978
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Book Description
Perhaps the last Washington secret is how the Federal Reserve and its enigmatic chairman, Alan Greenspan, operate. In Maestro, Bob Woodward uses his proven interviewing and research techniques to take you inside the Fed and Greenspan's thinking. Woodward presents the Greenspan years as a gripping narrative, a remarkable portrait of a man who has become the symbol of American economic preeminence.
"ON JANUARY 20, 2001, a new president takes the oath of office. He assumes the presidency in a Greenspan era. Just as the 1992 presidential election was about fixing the economy and cutting the federal budget deficit, the 2000 election was about how to use a projected surplus of at least several trillion dollars. The expectations, even the very definition, of the new administration protecting Social Security, expanding health care, improving education, revitalizing the military and cutting taxes will be contingent on that surplus. Whether it materializes is yet to be seen, but the inherited economic conditions for everyone from the next president to any citizen are in many respects the Greenspan dividend. Greenspan is slated to remain chairman of the Federal Reserve until 2004. Not only is he a major figure in the world’s economic past, he is central to its future. He has been frank enough to stand before the new and amazing economic circumstances that he helped create and in the end declare them a mystery. It is impossible to account fully for the continuing high growth, record employment, low inflation and high stock market. This is my effort, only a beginning, to write the story of how and why we got there."
Bob Woodward
Robert Upshur Woodward (born March 26, 1943) is an American investigative journalist. He started working for The Washington Post as a reporter in 1971 and now holds the title of associate editor.While a young reporter for The Washington Post in 1972, Woodward teamed up with Carl Bernstein, and the two did much of the original news reporting on the Watergate scandal. These scandals led to numerous government investigations and the eventual resignation of President Richard Nixon. The work of Woodward and Bernstein was called "maybe the single greatest reporting effort of all time" by longtime journalism figure Gene Roberts.Woodward continued to work for The Washington Post after his reporting on Watergate. He has written 21 books on American politics and current affairs, 13 of which have topped best-seller lists. Woodward was born in Geneva, Illinois, the son of Jane (née Upshur) and Alfred E. Woodward, a lawyer who later became chief judge of the 18th Judicial Circuit Court. He was raised in nearby Wheaton, Illinois, and educated at Wheaton Community High School (WCHS), a public high school in the same town.His parents divorced when he was twelve, and he and his brother and sister were raised by their father, who subsequently remarriedAfter being discharged as a lieutenant in August 1970, Woodward was admitted to Harvard Law School but elected not to attend. Instead, he applied for a job as a reporter for The Washington Post while taking graduate courses in Shakespeare and international relations at George Washington University. Harry M. Rosenfeld, the Post's metropolitan editor, gave him a two-week trial but did not hire him because of his lack of journalistic experience. After a year at the Montgomery Sentinel, a weekly newspaper in the Washington, D.C., suburbs, Woodward was hired as a Post reporter in 1971.
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