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, by Robert G. Kaiser
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Product details
File Size: 3322 KB
Print Length: 449 pages
Publisher: Vintage; 1 edition (May 7, 2013)
Publication Date: May 7, 2013
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B009UAO0BQ
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Amazon Best Sellers Rank:
#128,675 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Definitely one of the best books I've read about politics and policy in the U.S. government. The author provides a detailed account of the creation of the Dodd-Frank bill, which imposed new laws and regulations over the country's financial system. For a reader like me who has read dozens of books over the years trying to understand the workings of our government amid the growing problems we are facing, this book serves as a valuable tool in understanding why things aren't getting done. The final chapter, entitled "Still Broken," is worth the cost of the book alone — it assesses the reasons for the dysfunction and lack of will to move the country forward, and also explains the current motivations of each political party (HINT: one faction has zero interest in governing at all). Thus the negative reputation the Congress has earned. I will leave you with a few quotes from the last chapter: "Legislating is no longer the principal preoccupation of our legislators —politics is." Also, "...in the era of partisan warfare , substantive leadership in Congress has become as rare as bipartisan harmony. Its decline has come with the ascendency of politics over policy that has transformed the House and Senate over the last generation."If you are sick and tired of how things are run in our U.S. government, and you want to further educate yourself on the "how's" and "why's" things aren't getting done, then be a responsible citizen and start reading books like these, and get out of your bubble of social media and corporate media that barely does a decent job of properly informing you.
I have been studying the substance of the Dodd Frank act elsewhere (see Regulating Wall Street by Acharya, et al., a nice solid introduction). I teach law but had not walked through a recent end-to-end blow-by-blow of the "sausage-making" of federal legislation. I guess I wanted more legal substance here, in terms of who wrote what and why, but (though some fair amount of that is here) this is quintessentially not about the financial/theoretical complexities (vis a vis legislating) so much as it is (as advertised) a book at the Congress member-to-member and house-to-house level, and gives a cogent view of that world, and how things get done. So, it did fulfill my expectations. I wouldn't call it great storytelling, but it has a workmanlike tone, detail and pace of events. This is a good opportunity to express my admiration and gratitude for the staffers who do so much work. As with many businesses, we tend to mostly see the figureheads, but the importance of the staffers (who are, in Congress, undercompensated by any measure of the modern financial world they are affecting) is on display here. Also, we get to see some congress members' personalities as waffling around, making friendly assurances and then being nudged in other directions by key staffers, with their message wandering around. There are many different levels of intelligence and ability on display here.
Recommend the book if you are a political "junkie". Act of Congress—the newest book from longtime Washington Post reporter and editor Robert G. Kaiser—it's an attempt to explain this contradiction: How can the most productive Congress since the 1970s also stand as the most dysfunctional in more than a century? His case study is the successful two-year effort to pass financial reform and deal with the regulatory aftermath of the economic crisis.
This author takes a particular situation and weaves into the story a real description of the workings of Congress. A lot of it I knew, but this author tells it like it is. For many readers it will be shocking. For cynics who think it is even worse, they will be disappointed in this. But if things are to get done in politics, a perfectionist is not being realistic. Deals have to be made. Factions need to be catered to. To get things done pragmatists are required. Barney Frank, about whom most of this book is about, was a pragmatist. Idealists, who won't compromise, have no business in Congress. This book shows how a pragmatist got something done. What was done is not perfect, but is a good deal better than nothing.
Long-time Washington reporter Kaiser has reported a dismal story of dysfunctional Congress, rife with partisan aggression, filled with campaign-fund raisers, empty of policy makers and virtual blank slates regarding the laws it passes. Any informed citizen is vaguely aware of this, but Kaiser's detailed reporting of the passage of the Dodd-Frank finance bill brings these problems together to show us what a true horror story Congress is right now. I would have preferred more focus on the substance of the legislation, and the book has a few earmarks of a newspaper reporter's difficulty with sustained narrative, but these are quibbles. It's a cliche, but true: every American citizen needs to know the ills of our legislative branch and how extraordinarily complex any solution is.
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