Saturday, March 05, 2011

Griftopia by Matt Taibbi

I recently read this book after seeing Alan Cooper had read it and stated that it was a terrifying book.  I wondered what would be so terrifying about "Bubble Machines, Vampire Squids, and the Long Con That is Breaking America".  After reading it, I wouldn't characterize it as terrifying as much as I would characterize it as infuriating.  The incompetence, greed, self-interest, and gluttony that is repeatedly portrayed in the book is extremely infuriating to me as a hardworking American citizen that pays taxes.  The book chronicles some of the most audacious power grabs this nation has ever seen, and in most instances, those power grabs are happening during the past two decades.  Taibbi chronicles why the Tea Party is chasing its own tail, lambasts Alan Greenspan as "a one-in-a-billion asshole that has made America the mess it is today", and details the mortgage, commodities, and wealth fund scams that we, American taxpayers, have had to endure the last couple of years.  The book is written in a no-holds barred fashion with a fair amount of profanity thrown in to spice up the prose. It's an entertaining read, but also very thought provoking and sheds some interesting light on the current political climate, especially around Obamacare and the health insurance industry.  Very highly recommended.