It's Even Worse Than You Think by David Cay Johnston

Last updated: Sep 7, 2023

Summary of It's Even Worse Than You Think by David Cay Johnston

It's Even Worse Than You Think by David Cay Johnston is a comprehensive analysis of the Trump administration's first year in office. The book delves into various aspects of Trump's presidency, highlighting the negative impacts on the economy, environment, healthcare, and democracy.

Johnston begins by discussing Trump's background and his rise to power, emphasizing his lack of experience in politics and his questionable business practices. He then moves on to examine the economic policies implemented by the administration, arguing that they primarily benefit the wealthy and corporations while neglecting the needs of the middle and working class.

The author also explores the environmental policies of the Trump administration, criticizing their disregard for climate change and their efforts to roll back regulations that protect the environment. Johnston argues that these actions not only harm the planet but also jeopardize the health and well-being of future generations.

In addition, Johnston examines the impact of Trump's healthcare policies, particularly the attempts to repeal the Affordable Care Act (ACA). He highlights the potential consequences of such actions, including millions of Americans losing their healthcare coverage and the destabilization of the insurance market.

Furthermore, the book delves into the erosion of democratic norms and institutions under the Trump administration. Johnston discusses the president's attacks on the media, the judiciary, and the intelligence community, arguing that these actions undermine the foundations of democracy and threaten the checks and balances system.

Throughout the book, Johnston provides numerous examples and evidence to support his claims, drawing on his extensive research and expertise in economics and politics. He presents a compelling argument that the Trump administration's policies and actions have far-reaching negative consequences for the country and its citizens.

In conclusion, It's Even Worse Than You Think offers a comprehensive and critical analysis of the Trump administration's first year in office. It sheds light on the detrimental effects of Trump's policies on the economy, environment, healthcare, and democracy, making a compelling case for the need for change.

1. The erosion of the middle class

In "It's Even Worse Than You Think," David Cay Johnston highlights the alarming trend of the shrinking middle class in America. He explains how policies favoring the wealthy and corporations have contributed to this erosion. Johnston emphasizes that a strong middle class is essential for a thriving economy and a healthy democracy. He provides actionable insights on how individuals can support policies that promote income equality and advocate for fair taxation.

Johnston's analysis of the middle class crisis serves as a wake-up call for readers to recognize the importance of addressing this issue and taking action to reverse the trend. By understanding the underlying causes and consequences of the erosion of the middle class, individuals can actively participate in shaping policies that promote economic stability and social equality.

2. The impact of corporate influence on politics

One of the key takeaways from "It's Even Worse Than You Think" is the pervasive influence of corporations on politics. Johnston exposes the ways in which corporate interests shape policies and regulations to their advantage, often at the expense of the general public. He provides examples of how corporations use their financial power to influence elections and lobby for favorable legislation.

Understanding the extent of corporate influence on politics is crucial for individuals to make informed decisions and demand transparency and accountability from elected officials. Johnston's insights empower readers to engage in grassroots movements, support campaign finance reform, and advocate for policies that prioritize the needs of the people over corporate interests.

3. The consequences of income inequality

David Cay Johnston delves into the detrimental effects of income inequality in "It's Even Worse Than You Think." He explains how the concentration of wealth in the hands of a few leads to social and economic disparities. Johnston highlights the negative impact of income inequality on education, healthcare, and social mobility.

By shedding light on the consequences of income inequality, Johnston encourages readers to support policies that promote a fair distribution of wealth and equal opportunities for all. His insights prompt individuals to question the current economic system and advocate for measures that address income inequality, such as progressive taxation and increased investment in social programs.

4. The importance of investigative journalism

Johnston emphasizes the crucial role of investigative journalism in holding those in power accountable. In "It's Even Worse Than You Think," he discusses the decline of investigative reporting and the rise of media consolidation, which has limited the ability of journalists to uncover and expose corruption and wrongdoing.

By highlighting the importance of investigative journalism, Johnston encourages readers to support independent media outlets and journalists who are committed to uncovering the truth. He emphasizes the need for a well-informed citizenry and urges individuals to seek out reliable sources of news and information.

5. The impact of deregulation

Another key takeaway from "It's Even Worse Than You Think" is the detrimental impact of deregulation. Johnston explains how the dismantling of regulations designed to protect consumers, workers, and the environment has led to increased corporate power and exploitation.

Understanding the consequences of deregulation empowers individuals to advocate for stronger regulations and oversight. Johnston's insights prompt readers to support policies that prioritize the well-being of the public and the environment over corporate interests.

6. The need for tax reform

Johnston highlights the urgent need for tax reform in "It's Even Worse Than You Think." He exposes the loopholes and tax breaks that benefit the wealthy and corporations, resulting in a regressive tax system that disproportionately burdens the middle class and low-income individuals.

By providing actionable insights on tax reform, Johnston encourages readers to support policies that promote a fair and progressive tax system. He emphasizes the importance of closing loopholes, increasing transparency, and ensuring that the wealthy and corporations pay their fair share.

7. The impact of corporate welfare

In his book, Johnston explores the concept of corporate welfare and its impact on the economy. He exposes how government subsidies, tax breaks, and other forms of assistance to corporations often fail to deliver the promised benefits, while draining public resources.

Understanding the consequences of corporate welfare prompts individuals to question the allocation of public funds and demand accountability from elected officials. Johnston's insights encourage readers to support policies that prioritize investments in education, healthcare, and infrastructure over corporate subsidies.

8. The importance of civic engagement

Throughout "It's Even Worse Than You Think," Johnston emphasizes the importance of civic engagement. He encourages readers to actively participate in the democratic process, from voting in elections to engaging in grassroots movements and advocating for policy changes.

By highlighting the power of collective action, Johnston inspires readers to become informed and engaged citizens. His insights serve as a call to action, urging individuals to use their voices and influence to shape a more equitable and just society.