Friday, July 6, 2012

Review of "Boomerang" by Michael Lewis

Just finished listening to the audio version of Boomerang by Michael Lewis. Checked it out of the library and listened to all 6 discs in one day.


Recommend it to everyone. He gives his subjective take on how the cultures of Iceland, Greece, Ireland and Germany encouraged them to follow their paths to economic explosion.

You can see the US in each of these scenarios. Then, he takes on the US and specifically California as being the worst state of all by pointing to overly optimistic attitudes that agree to fund incredible pensions for city workers and refuse to acknowledge the reality of reducing budgets.
Governor Arnold Schwarzenegger and one of his bodyguards out riding bikes in Venice Beach, CA.  How Schwarzenneger ran for office on a whim and apparently governed that way as well; then left to his life of luxury leaving the state in his wake a nightmare of debt.

Looks like it may be time to move out the state as there is no light at the end of this tunnel.

The only solution offered by Lewis is that unseen unusual things happen when people are optimistic so maybe everything will work out.

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