Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now - eBook
Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now - eBook  -     By: Felix Rohatyn
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Simon & Schuster / 2009 / ePub
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Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now - eBook

Simon & Schuster / 2009 / ePub

In Stock
Stock No: WW8552EB


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Product Information

Format: DRM Protected ePub
Vendor: Simon & Schuster
Publication Date: 2009
ISBN: 9781416566069
ISBN-13: 9781416566069

Publisher's Description

Bold Endeavors is a compelling narrative of ten large and transformative events in American history. It is an absorbing journey through the past as we read about determined national leaders -- Jefferson, Lincoln, Teddy Roosevelt, FDR, and Eisenhower -- who found the will, steadiness, and political acumen to make decisions that were often unpopular but that proved to be visionary -- decisions that are the building blocks of America's destiny.

Rohatyn begins with the diplomatic intrigues of the Louisiana Purchase, which doubled the size of the country; moves to the controversial construction of the Erie Canal, which opened a water route to the West; then continues to Lincoln's resolute support for the transcontinental railroad, Land Grant colleges, and the Homestead Act; documents the strategy -- and ruthless determination -- that built the Panama Canal; details the visionary and pragmatic politics that allowed FDR to bring electricity to rural America and use the Reconstruction Finance Act to help pull the country from the grip of the Depression; captures the foresight of national purpose which led to the G.I. Bill, which propelled the nation forward; and describes the creation of the interstate highway system that modernized America.

Bold Endeavors is an urgent call for present-day action in this time of grave national crisis. "The nation is falling apart -- literally," Rohatyn warns. "America's roads and bridges, schools and hospitals, airports and roadways, ports and dams, water lines and air control systems -- the country's entire infrastructure is rapidly and dangerously deteriorating."

To reverse this catastrophic degeneration and create tens of thousands of new jobs, Rohatyn offers a carefully reasoned and practical solution. Bold and imaginative political leadership must use the power and the resources of the federal government to finance the rebuilding of the nation's infrastructure.

Rohatyn's page-turning case studies are precedents for purposeful, resourceful, and tenacious leadership that is necessary to accomplish both the rebuilding of America and the country's emergence from its present financial crisis. These bold endeavors from the nation's past are instructive, a guide and an inspiration for Americans today. If the nation is to be rebuilt and its infrastructure renewed, if the country is to emerge from the present economic crisis and reclaim its position of unqualified strength and leadership in world affairs, then it must be guided by the vision, determination, and investments that originally helped create a secure and prosperous America.

Publisher's Weekly

Head of New York City's Municipal Assistance Corporation from 1975 to '93, Rohatyn led the city from the brink of bankruptcy; here, he turns to the country’s “rapidly deteriorating infrastructure” (he estimates $1.6 trillion is needed over the next five years just to ensure safety and dependability) for a solution to America's financial woes. Reviewing “ten episodes from very different eras in American history,” including the Louisiana purchase, the homestead act and the G.I. bill, to develop a timely and compelling case for a “National Infrastructure Bank” to reverse America's slide into economic depression. A standout is his mind-boggling discussion of the Reconstruction Finance Corporation, established by Herbert Hoover and developed into the New Deal by FDR, which served the American economy through the late 1950s. Rohatyn provides vivid profiles of “tenacious and visionary leaders” like New York Gov. De Witt Clinton (responsible for the Erie Canal), and explores the interplay of the personal and political (such as the “single galling [electricity] bill” that led FDR's campaign to wire rural America). An exciting, hopeful and instructive book, this is must-read material for anyone interested in solutions to the ongoing economic crisis, especially policymakers and activists. (Feb.) Copyright 2009 Reed Business Information.

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