The Bailout Shame

About the Book

Alaska seems to have a monopoly of captivating and enthralling women authors. First, there was Sarah Palin. Now comes Ellen G. Nicdao. But the contrast between the two Alaskan women authors could not be more stark than night and day. Whereas Palin wants tax cuts for the rich, Nicdao wants tax cuts for lower-income Americans. Palin wants the defi cit reduced by limiting government spending. Nicdao wants to turn the defi cit into a surplus by more government spending for projects that will eliminate foreclosures and create millions of jobs. Both women wear glasses. But through Palin’s glasses she sees prosperity in America in the hands of the wealthy. Nicdao sees it in the rough, weathered hands of the American laborer. While Palin and her Tea Party talk about giving back Americans their freedom, Nicdao, an Independent, wants freedom from the oppression of foreclosures and joblessness for tens of millions of Americans. A hockey mom, Sarah Palin started honing her skills at PTA meetings. Ellen G. Nicdao built on her Fulbright Hayes graduate studies in economics from the University of Michigan, into a multi-faceted corporate executive career with major U.S. and international companies, culminating in the founding of her own company. In the end, the two Alaskan women engage the reader with riveting books albeit from vastly different perspectives. Palin’s “Going Rogue” is a fascinating read on how to rise to a vice-presidential slot from the humble beginnings of a hockey mom. Nicdao’s “Bailout Shame,” on the other hand, tricks us into entering the complex world of Wall Street by making it appear through the large print of her book that we are reading a children’s book where everything is so easy to understand—multipliers, collateralized debt obligations, credit default swaps and all. But her razorsharp solutions to America’s foreclosures and jobs crises are steeped in fl awless economic theory duly tempered by the realities of Main Street. She envisions the U.S. Treasury earning billions if not trillions of dollars of profi ts as it ends the foreclosures crisis once and for all. The labor-intensive jobs she wants created will employ the tens of millions of unemployed Americans.

About the Author

Alaska seems to have a monopoly of captivating and enthralling women authors. First, there was Sarah Palin. Now comes Ellen G. Nicdao. But the contrast between the two Alaskan women authors could not be more stark than night and day. Whereas Palin wants tax cuts for the rich, Nicdao wants tax cuts for lower-income Americans. Palin wants the defi cit reduced by limiting government spending. Nicdao wants to turn the defi cit into a surplus by more government spending for projects that will eliminate foreclosures and create millions of jobs. Both women wear glasses. But through Palin’s glasses she sees prosperity in America in the hands of the wealthy. Nicdao sees it in the rough, weathered hands of the American laborer. While Palin and her Tea Party talk about giving back Americans their freedom, Nicdao, an Independent, wants freedom from the oppression of foreclosures and joblessness for tens of millions of Americans. A hockey mom, Sarah Palin started honing her skills at PTA meetings. Ellen G. Nicdao built on her Fulbright Hayes graduate studies in economics from the University of Michigan, into a multi-faceted corporate executive career with major U.S. and international companies, culminating in the founding of her own company. In the end, the two Alaskan women engage the reader with riveting books albeit from vastly different perspectives. Palin’s “Going Rogue” is a fascinating read on how to rise to a vice-presidential slot from the humble beginnings of a hockey mom. Nicdao’s “Bailout Shame,” on the other hand, tricks us into entering the complex world of Wall Street by making it appear through the large print of her book that we are reading a children’s book where everything is so easy to understand—multipliers, collateralized debt obligations, credit default swaps and all. But her razorsharp solutions to America’s foreclosures and jobs crises are steeped in fl awless economic theory duly tempered by the realities of Main Street. She envisions the U.S. Treasury earning billions if not trillions of dollars of profi ts as it ends the foreclosures crisis once and for all. The labor-intensive jobs she wants created will employ the tens of millions of unemployed Americans.