From the most astute political scoffer since H. L. Mencken, the definitive account of the conservative reign of misrule and corruptionHailed as a "hunk of dynamite" () and celebrated for its "satiric wit" () and "delighted outrage" (), supplies the first andlacking future fact-finding commissionsprobably the only full reckoning of what conservatism has wrought.Casting his eyes from the Bush administration's final months of plunder to the earliest days of the Republican revolution, Thomas Frank uncovers the deep logic behind the graft and incompetence of conservatives in power. He shows how leaders dedicated to a doctrine of government by entrepreneurship proceeded to sell off the state, channeling the profits to cronies and loyalists. He surveys the federal agencies doomed to failure by the inept and even hostile staff appointed to run them. He charts the practice of wholesale deregulation and the devastating results now clear for all to see. From political scandal to mortgage meltdown, Frank documents the consequences of enshrining the free market as the logic of the state. As conservatives retreat to lick their wounds and a new administration prepares to undo the years of misgovernment, makes clear the challenges before the nation. A brilliant and audacious stocktakingnow thoroughly revised and updatedthis is Frank's most revelatory work yet.