Kevin Phillips (political commentator)
Encyclopedia
Kevin Price Phillips is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 writer and commentator on politics
Politics
Politics is a process by which groups of people make collective decisions. The term is generally applied to the art or science of running governmental or state affairs, including behavior within civil governments, but also applies to institutions, fields, and special interest groups such as the...

, economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

, and history
History
History is the discovery, collection, organization, and presentation of information about past events. History can also mean the period of time after writing was invented. Scholars who write about history are called historians...

. Formerly a Republican Party
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...

 strategist, Phillips has become disaffected with his former party over the last two decades, and is now one of its most scathing critics. He is a regular contributor to the Los Angeles Times
Los Angeles Times
The Los Angeles Times is a daily newspaper published in Los Angeles, California, since 1881. It was the second-largest metropolitan newspaper in circulation in the United States in 2008 and the fourth most widely distributed newspaper in the country....

 and National Public Radio, and is a political analyst on PBS
Public Broadcasting Service
The Public Broadcasting Service is an American non-profit public broadcasting television network with 354 member TV stations in the United States which hold collective ownership. Its headquarters is in Arlington, Virginia....

' NOW with Bill Moyers.

Phillips was a strategist on voting patterns for Richard Nixon
Richard Nixon
Richard Milhous Nixon was the 37th President of the United States, serving from 1969 to 1974. The only president to resign the office, Nixon had previously served as a US representative and senator from California and as the 36th Vice President of the United States from 1953 to 1961 under...

's 1968 campaign, which was the basis for a book, The Emerging Republican Majority, which predicted a conservative
Conservatism
Conservatism is a political and social philosophy that promotes the maintenance of traditional institutions and supports, at the most, minimal and gradual change in society. Some conservatives seek to preserve things as they are, emphasizing stability and continuity, while others oppose modernism...

 realignment
Realigning election
Realigning election are terms from political science and political history describing a dramatic change in the political system. Scholars frequently apply the term to American elections and occasionally to other countries...

 in national politics, and is widely regarded as one of the most influential recent works in political science
Political science
Political Science is a social science discipline concerned with the study of the state, government and politics. Aristotle defined it as the study of the state. It deals extensively with the theory and practice of politics, and the analysis of political systems and political behavior...

. His predictions regarding shifting voting patterns in presidential elections proved accurate, though they did not extend "down ballot" to Congress until the Republican revolution
Republican Revolution
The Republican Revolution or Revolution of '94 is what the media dubbed Republican Party success in the 1994 U.S. midterm elections, which resulted in a net gain of 54 seats in the House of Representatives, and a pickup of eight seats in the Senate...

 of 1994. Phillips also was partly responsible for the design of the Republican "Southern strategy
Southern strategy
In American politics, the Southern strategy refers to the Republican Party strategy of winning elections in Southern states by exploiting anti-African American racism and fears of lawlessness among Southern white voters and appealing to fears of growing federal power in social and economic matters...

" of the 1970s and 1980s.

The author of fourteen books, he lives in Goshen, Connecticut
Goshen, Connecticut
Goshen is a town in Litchfield County, Connecticut, United States. The population was 2,697 at the 2000 census.Each July, the Connecticut Agricultural Fair is held in town. It is also home to the Goshen players.-Geography:...

, in Litchfield County
Litchfield County, Connecticut
Litchfield County is a county located in the northwestern corner of the U.S. state of Connecticut. Litchfield County has the lowest population density of any county in Connecticut but is geographically the state's largest county. As of 2010 the population was 189,927...

.

Biography

Phillips was educated at the Bronx High School of Science
Bronx High School of Science
The Bronx High School of Science is a specialized New York City public high school often considered the premier science magnet school in the United States. Founded in 1938, it is now located in the Bedford Park section of the Bronx...

, Colgate University
Colgate University
Colgate University is a private liberal arts college in Hamilton, New York, USA. The school was founded in 1819 as a Baptist seminary and later became non-denominational. It is named for the Colgate family who greatly contributed to the university's endowment in the 19th century.Colgate has 52...

, the University of Edinburgh
University of Edinburgh
The University of Edinburgh, founded in 1583, is a public research university located in Edinburgh, the capital of Scotland, and a UNESCO World Heritage Site. The university is deeply embedded in the fabric of the city, with many of the buildings in the historic Old Town belonging to the university...

 and Harvard Law School
Harvard Law School
Harvard Law School is one of the professional graduate schools of Harvard University. Located in Cambridge, Massachusetts, it is the oldest continually-operating law school in the United States and is home to the largest academic law library in the world. The school is routinely ranked by the U.S...

. After his stint as a senior strategist for the Nixon presidential campaign, he served a year, starting in 1969, as Special Assistant to the U.S. Attorney General, but left after a year to become a columnist. In 1971, he became president of the American Political Research Corporation and editor-publisher of the American Political Report (through 1998).

In 1982, the Wall Street Journal described him as “the leading conservative electoral analyst -- the man who invented the term "Sun Belt
Sun Belt
The Sun Belt or Spanish Belt is a region of the United States generally considered to stretch across the South and Southwest . Another rough boundary of the region is the area south of the 36th parallel, north latitude. It is the largest region which the U.S government does not recognize officially...

" [a phrase also attributed to legendary Speaker of the United States House of Representatives
Speaker of the United States House of Representatives
The Speaker of the United States House of Representatives, or Speaker of the House, is the presiding officer of the United States House of Representatives...

 Sam Rayburn
Sam Rayburn
Samuel Taliaferro Rayburn , often called "Mr. Sam," or "Mr. Democrat," was a Democratic lawmaker from Bonham, Texas, who served as the Speaker of the U.S. House of Representatives for seventeen years, the longest tenure in U.S. history.- Background :Rayburn was born in Roane County, Tennessee, and...

], named the New Right, and prophesied ‘The Emerging Republican Majority’ in 1969.”

Later, he became a critic of Republicans from the south and west, the area he had identified as the "Heartland", the future core of Republican votes. He had also identified the "Yankee Northeast" as the future Democratic stronghold, foreshadowing the current split between Red States and Blue States. More than 30 years before the 2004 election, Phillips foresaw such previously Democratic states as Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...

 and West Virginia
West Virginia
West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...

 swinging to the Republicans and Vermont
Vermont
Vermont is a state in the New England region of the northeastern United States of America. The state ranks 43rd in land area, , and 45th in total area. Its population according to the 2010 census, 630,337, is the second smallest in the country, larger only than Wyoming. It is the only New England...

 and Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...

 becoming Democratic states.

American Theocracy (2006)

Allen Dwight Callahan states the book's theme is that the Republican Party
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...

 (GOP), religious fundamentalism, petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...

, and borrowed money are an "Unholy Alliance." The last chapter, in a nod to his first major work, is titled "The Erring Republican Majority." American Theocracy "presents a nightmarish vision of ideological extremism, catastrophic fiscal irresponsibility, rampant greed and dangerous shortsightedness."

The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...

 wrote:
He identifies three broad and related trends — none of them new to the Bush years but all of them, he believes, exacerbated by this administration's policies — that together threaten the future of the United States and the world. One is the role of oil in defining and, as Phillips sees it, distorting American foreign and domestic policy. The second is the ominous intrusion of radical Christianity into politics and government. And the third is the astonishing levels of debt — current and prospective — that both the government and the American people have been heedlessly accumulating. If there is a single, if implicit, theme running through the three linked essays that form this book, it is the failure of leaders to look beyond their own and the country's immediate ambitions and desires so as to plan prudently for a darkening future.


Phillips uses the term financialization
Financialization
Financialization is a term sometimes used in discussions of financial capitalism which developed over several decades leading up to the 2007-2010 financial crisis, and in which financial leverage tended to override capital and financial markets tended to dominate over the traditional industrial...

 to describe how the U.S. economy has been radically restructured from a focus on production, manufacturing and wages, to a focus on speculation, debt, and profits. Since the 1980s, Phillips argues in American Theocracy,
the underlying Washington strategy… was less to give ordinary Americans direct sums than to create a low-interest-rate boom in real estate, thereby raising the percentage of American home ownership, ballooning the prices of homes, and allowing householders to take out some of that increase through low-cost refinancing. This triple play created new wealth to take the place of that destroyed in the 2000-2002 stock-market crash and simultaneously raised consumer confidence.

Nothing similar had ever been engineered before. Instead of a recovery orchestrated by Congress and the White House and aimed at the middle- and bottom-income segments, this one was directed by an appointed central banker, a man whose principal responsibility was to the banking
system. His relief, targeted on financial assets and real estate, was principally achieved by monetary stimulus. This in itself confirmed the massive realignment of preferences and priorities within the American system….

Likewise, huge and indisputable but almost never discussed, were the powerful political economics lurking behind the stimulus: the massive rate-cut-driven post-2000 bailout of the FIRE (finance, insurance, and real estate) sector, with its ever-climbing share of GDP and proximity to power. No longer would Washington concentrate stimulus on wages or public-works employment. The Fed's policies, however shrewd, were not rooted in an abstraction of the national interest but in pursuit of its statutory mandate to protect the U.S. banking and payments system, now inseparable from the broadly defined financial-services sector.


Critical reception

American Theocracy was reviewed widely. The New York Times Book Review wrote "It is not without polemic, but unlike many of the more glib and strident political commentaries of recent years, it is extensively researched and frighteningly persuasive..." The Chicago Sun-Times
Chicago Sun-Times
The Chicago Sun-Times is an American daily newspaper published in Chicago, Illinois. It is the flagship paper of the Sun-Times Media Group.-History:The Chicago Sun-Times is the oldest continuously published daily newspaper in the city...

 wrote "Overall, Phillips’ book is a thoughtful and somber jeremiad, written throughout with a graceful wryness... a capstone to his life’s work."

Bad Money (2008)

Kevin Phillips examines America's great shift from manufacturing to financial services. He also discusses America’s petroleum policies and the tying of the dollar to the price of oil. Phillips suggests that the Euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

 and the Chinese Yuan
Chinese yuan
The yuan is the base unit of a number of modern Chinese currencies. The yuan is the primary unit of account of the Renminbi.A yuán is also known colloquially as a kuài . One yuán is divided into 10 jiǎo or colloquially máo...

/Renminbi
Renminbi
The Renminbi is the official currency of the People's Republic of China . Renminbi is legal tender in mainland China, but not in Hong Kong or Macau. It is issued by the People's Bank of China, the monetary authority of the PRC...

 are favorites to take the dollar's place in countries hostile towards America, like Iran. He then tackles the lack of regulatory oversight employed in the housing market and how the housing boom was allowed to run free under Alan Greenspan
Alan Greenspan
Alan Greenspan is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private advisor and provides consulting for firms through his company, Greenspan Associates LLC...

. The book concludes with the proposal that America is employing bad capitalism and extends Gresham’s Law of currency to suggest that our good capitalism will be driven out by the bad. The book is dedicated to Phillips' grandson, William Russell Phillips.

External links

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