Challenging the Myth of American Decline

In August 2011, Standard & Poor?s stripped the United States of its AAA credit rating. The downgrade was just one of America?s problems that summer; Congress was squabbling about raising the debt ceiling, the country was still hungover from the credit crunch and the housing bubble, and the unemployment rate was high. But, former Slate ?Moneybox? columnist Daniel Gross insists, that didn?t mean the United States was in terminal decline. In the wake of the 2008 crash, America?s businesses and institutions tapped into the strengths that built the U.S. economy into a global powerhouse in the first place: speed, ingenuity, adaptability, pragmatism, entrepreneurship, and an ability to engage with the world. In Better, Stronger, Faster: The Myth of American Decline ... and the Rise of a New Economy, Gross challenges the self-pity of the declinists, focusing instead on the remarkable reconstruction and reorientation that started in 2009.

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