Daniel Gross, Yahoo! financial columnist and author of Dumb Money,
offers a refreshingly optimistic take on our nation's economic
prospects, examining the positive trends that point to a better,
stronger future. Financial meltdown, a deep recession, and
political polarization-combined with strong growth outside the
U.S.-have led to a global bubble of pessimism surrounding the U.S.
and its economic prospects. Bloated with debt, outpaced by China,
India, and other emerging markets, the U.S. has been left for dead
as an economic force. But, Daniel Gross, widely respected for his
Newsweek and Slate coverage of the crash and the recovery, shows
that much of the talk about decline is misplaced. In the wake of
the crash, rather than accept the inevitability of a Japan-style
lost decade, America's businesses and institutions tapped into the
very strengths that built the nation's economy into the global
powerhouse in the first place: speed, ingenuity, adaptability,
pragmatism, entrepreneurship, and, most significantly, an ability
to engage with the world. As the U.S. wallowed in self-pity, the
world continued to see promise in what America has to offer-buying
exports, investing in the U.S., and adapting American companies and
business models as their own. Global growth, it turns out, is not a
zero-sum game. These same attributes can propel the world's largest
economy forward through the significant headwinds it faces. Better,
Stronger, Faster is a narrative of the remarkable reconstruction
and reorientation that started in March 2009, a period that Gross
compares to March 1933. Both marked the start of unexpected
recoveries and monumental shifts in our nation's history. As Gross
explains, through stories of innovative solutions devised by
policymakers, businesses, investors, and consumers, America has the
potential to emerge from this period, not as the unrivaled ruler of
the global economy, but as a leader and enabler of growth.
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