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'Atlas Shrugged': The CliffsNotes Today
IBD Editorials ^ | August 17, 2010 | SCOTT S. POWELL

Posted on 08/17/2010 6:20:30 PM PDT by Kaslin

'Atlas Shrugged" — Ayn Rand's fourth and last novel, published in 1957 — may be second to the Bible as the most influential book read in America, according to a Library of Congress survey. It is required reading in management training at BB&T, the 12th-largest bank in the U.S. and one that resisted taking TARP bailout funds.

Since the Obama administration took office, "Atlas Shrugged" has been enjoying a renaissance with rising sales and library waiting lists, partly because it explains our current economic woes more straightforwardly than most of what we hear from today's experts.

What happened in Rand's narrative is coming to pass today, with an anti-business administration reviling private industry and capitalizing on crisis to expand and redirect investment within and between sectors of the economy — setting quotas, prices and compensation.

Businesses responded by retrenching — ceasing to invest, innovate and expand. Whole industries contracted, closed down or moved offshore, much like the U.S. gas and oil drilling industry is doing today. Then, just as now, management became frustrated, discouraged and reluctant to create jobs in an environment of excessive government meddling.

A record $2 trillion now sits on corporate balance sheets waiting to be invested amid reasonably cheap asset prices. What holds back investment is uncertainty and fear stemming from an overbearing and free-spending government. Businessmen and investors would never attempt spending and borrowing their way back to prosperity.

The debt-financed Obama stimulus plan is not only failing to create jobs. It ratchets up systemic risk, inviting a currency crisis and bond-market collapse — from which recovery might be impossible.

(Excerpt) Read more at investors.com ...


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1 posted on 08/17/2010 6:20:31 PM PDT by Kaslin
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To: Kaslin

Ann Rand is a retread


2 posted on 08/17/2010 6:21:32 PM PDT by yldstrk (My heros have always been cowboys)
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To: Kaslin

3 posted on 08/17/2010 6:24:04 PM PDT by B-Chan (Catholic. Monarchist. Texan. Any questions?)
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To: yldstrk

Ayn Rand wasn’t.


4 posted on 08/17/2010 6:24:11 PM PDT by historyrepeatz
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To: yldstrk

?


5 posted on 08/17/2010 6:24:53 PM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin
All I know for sure about Ayn Rand is that she inspired the greatest rock concept album of all time.

Finding a century old guitar in cave and begging the high priests for permission to play it....magic.

RUSH - 2112.

6 posted on 08/17/2010 6:27:43 PM PDT by deadrock (Liberty is a bitch that needs to be bedded on a mattress of cadavers.)
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To: yldstrk
Atlas Shrugged is THE definitive American novel, but only if you want to understand today's Capitalism vs Socialist battle.

It answers the questions of the difference between what people SHOULD do (socialism) vs what people WILL do (capitalism).

Liberals and Socialists always ignore human nature when developing policy. Ayn Rand knew, and so did Reagan.

7 posted on 08/17/2010 6:30:27 PM PDT by paul in cape
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To: Kaslin

Some of the typical negative responses to Rand...a pigeon could refute a statue more intelligently.


8 posted on 08/17/2010 6:31:10 PM PDT by 668 - Neighbor of the Beast
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To: Kaslin

It took me a couple weeks to get through it, but I finished it last week (just so I could say it). Then it went out with the trash. What a waste of time.


9 posted on 08/17/2010 6:33:03 PM PDT by JohnnyP
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To: JohnnyP

Her concept of looters versus producers is good, but why does it have to go on for 1169 pages? And Louis LaMour tells a better story.


10 posted on 08/17/2010 6:38:09 PM PDT by JohnnyP
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To: DEADROCK

Do you think Rush will still be around in 2112, or are you still going to be around 102 years from now?


11 posted on 08/17/2010 6:39:28 PM PDT by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin

My lifeblood will have spilled over by then. Rush will live on forever.


12 posted on 08/17/2010 6:45:15 PM PDT by deadrock (Liberty is a bitch that needs to be bedded on a mattress of cadavers.)
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To: Kaslin

“Do you think Rush will still be around in 2112,”

I think he’d like to keep going until 98% of the American people agree with him;)


13 posted on 08/17/2010 6:57:30 PM PDT by Frank_2001
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To: DEADROCK

I didn’t know 2112 was inspired by Rand but it is one of my all time favorites, possibly top favorite.


14 posted on 08/17/2010 6:58:03 PM PDT by theymakemesick ( Filled with hatred for those that disagree, democrats are the most intolerant bigots on earth)
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To: JohnnyP

>>Then it went out with the trash. What a waste of time.<<

Seriously? I just finished my library copy about the same time. Understanding that I skimmed, all the sex, all the relationship/love story and Galt’s 60 page rant at the end, I thought it was pretty good. In fact, I have the Cliff notes on order right now to use it in my history curriculum this year.

I thought it was WAY too long but pretty good.
Sure better than Twilight. I couldn’t get past page 68 of that one. Tried to read it for my daughters. Yuck.


15 posted on 08/17/2010 7:09:18 PM PDT by netmilsmom (I am inyenzi on the Religion Forum)
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To: B-Chan

Absolutely shameless! Stink of the ovens placemarker.


16 posted on 08/17/2010 7:13:10 PM PDT by headsonpikes (Genocide is the highest sacrament of socialism - "Who-whom?")
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To: Kaslin

I’m about 520 pages into Atlas Shrugged and love how the consequences of socialism is playing out. Certainly reflects much of what libs wish to do in the name of being ‘socially responsible’ (with other people’s money).

Can’t judge the entire book on 50% read, but love it so far.


17 posted on 08/17/2010 7:13:37 PM PDT by Made In The USA (Can't stand the taxes, move out of NY.)
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To: B-Chan

Sure. The people who, too dull to comprehend her philosophy, rail against her writing as being shrill and repulsive.


18 posted on 08/17/2010 7:19:58 PM PDT by snowrip (Liberal? You are a socialist idiot with no rational argument.)
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To: Kaslin

Atlas Shrugged by Ayn Rand

Amazon Bestsellers Rank: #167 in Books (See Top 100 in Books
#25 in Books > Literature & Fiction > Literary
#4 in Books > Literature & Fiction > Classics
#4 in Books > Literature & Fiction > Genre Fiction > Political

Dreams from My Father by Barry Soetoro

Amazon Bestsellers Rank: #11,775 in Books (See Top 100 in Books)

The Audacity of Hope by Barry Soetoro

Amazon Bestsellers Rank: #3,047 in Books (See Top 100 in Books)
#85 in Books > Nonfiction > Politics
#14 in Books > Biographies & Memoirs > Ethnic & National > African-American & Black
#1 in Books > Nonfiction > Social Sciences > Political Science > United States > Civil Rights

‘Nuff said.


19 posted on 08/17/2010 7:27:43 PM PDT by Pan_Yan
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To: B-Chan

Yes.

A monarchist.

(But we still love you).


20 posted on 08/17/2010 7:30:59 PM PDT by Larry Lucido
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