Losers: The Road to Everyplace but the White House

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Michael Lewis is a master at dissecting the after skewering Wall Street in his national bestseller Liar's Poker, he packed his mighty pen and set out on the 1996 campaign trail.  As he follows the men who aspire to the Oval Office, Lewis discovers an absurd mix of bravery and backpedaling, heroic possibility and mealy-mouthed sound bytes, and a process so ridiculous and unsavory that it leaves him wondering if everyone involved — from the journalists to the candidates to the people who voted — isn't ultimately a loser.

The

Pat   becomes the first politician ever to choose a black hat over a white one.

Phil spends twenty million dollars to convince voters of his fiscal responsibility.

John  makes the fatal mistake of actually speaking his mind.

Alan checks out of a New Hampshire hotel and tells the manager another candidate will be paying his bill.

Steve refuses to answer questions about his father's motorcycles.

Bob marches through the campaign without ever seeming to care.

   Losers is a wickedly funny, unflinching look at how America really goes about choosing a President.

324 pages, Paperback

First published May 27,1997

About the author

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Michael Monroe Lewis is an American author and financial journalist. He has also been a contributing editor to Vanity Fair since 2009, writing mostly on business, finance, and economics. He is known for his nonfiction work, particularly his coverage of financial crises and behavioral finance.
Lewis was born in New Orleans and attended Princeton University, from which he graduated with a degree in art history. After attending the London School of Economics, he began a career on Wall Street during the 1980s as a bond salesman at Salomon Brothers. The experience prompted him to write his first book, Liar's Poker (1989). Fourteen years later, Lewis wrote Moneyball: The Art of Winning an Unfair Game (2003), in which he investigated the success of Billy Beane and the Oakland Athletics. His 2006 book The Blind Side: Evolution of a Game was his first to be adapted into a film, The Blind Side (2009). In 2010, he released The Big Short: Inside the Doomsday Machine. The film adaptation of Moneyball was released in 2011, followed by The Big Short in 2015.
Lewis's books have won two Los Angeles Times Book Prizes and several have reached number one on the New York Times Bestsellers Lists, including his most recent book, Going Infinite (2023).

Community Reviews

Rating(3.9 / 5.0, 75 votes)
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75 reviews All reviews
July 14,2025
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Lewis's account of the 1996 presidential election is a captivating read.

In some respects, it may seem dated, but in others, it hits the mark. It is one of his most skillfully written books, offering a thrilling journey.

You can sense his fondness for the "losers" mentioned in the title through his prose. However, once the primaries conclude and he is left with the 2 1/2 main candidates, the energy in his writing noticeably wanes.

Nonetheless, it is well worth reading through to the end to discover his deeply personal reflections on John McCain.

These musings provide unique insights into McCain and add an extra layer of depth to the book.

Overall, despite its flaws, Lewis's book is a valuable contribution to the literature on the 1996 presidential election.
July 14,2025
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Reading this at this time in history was truly apropos.

The connections between the manner in which the Democrats managed Clinton's re-election campaign and the way the Republicans have gleaned lessons from that and taken it to the next level are rather alarming.

It provides a brilliant snapshot of a specific moment in time and offers some excellent perspectives on individuals who don't currently receive the attention they deserve for their actions leading up to 1996.

This piece delves into the strategies and tactics employed by both parties during that crucial election year, highlighting the evolution and adaptation of political campaigning.

By examining these historical events, we can gain a better understanding of the present political landscape and the forces that have shaped it.

It serves as a reminder that history often repeats itself, and that we can learn valuable lessons from the past to navigate the challenges of the future.
July 14,2025
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In "Losers" (formerly titled "Trail Fever", perhaps an attempt to deter as many readers as possible), Michael Lewis delves into the chaotic 1996 Republican presidential field. It was a motley crew of hacks, disingenuously vying for the dubious honor of being trounced by Bill Clinton in the general election. Clinton, regardless of his other qualities, had an uncanny ability to convincingly feign authenticity, far surpassing that of all the Republican pretenders combined.


I witnessed these events firsthand, and some of these farces were even more repulsive than I recalled. Take Phil Gramm, for instance. There was no politician whose smug face I wanted to punch more squarely on the nose than dishonest, charisma-free Phil (until J.D. Vance came along, that is. JUST KIDDING, Stasi brownshirts at the White House, DOJ, and the FBI!). Voting against him in the 1996 Texas Senate election, albeit fruitlessly, remains a highlight of my political career. Then there's the lugubrious nepo baby Steve Forbes. Lewis's account of Forbes making his way through a buffet line and eating lunch alone at a campaign event is both hilarious and deeply disturbing, sad, and pathetic. And who could forget LAMAR!, a.k.a. Tennessee Senator Lamar Alexander, whom anyone with any sense had already forgotten years ago. The only rational response when his face appears on your TV screen is to frantically search for the remote to change the channel.


And let's not forget Bob Dole, who managed to win the race to the top of this dung heap, only to be clobbered by Slick Willy. At least Dole partially redeemed himself with his ironic post-retirement commercials and funny appearances on "The Daily Show".


Lewis, quite rightly, spends relatively little time on these losers. Even at the end, when the general campaign narrows down to Clinton v. Dole, he maintains his sanity by sneaking off to cover the other minor candidates. These are the losers who aren't really LOSERS: Morry Taylor, the self-made tire magnate who was out of the race so quickly I don't even remember him, but who is wildly entertaining and, in a parallel universe, is Donald Trump without the crassness, narcissism, and autocratic tendencies; Alan Keyes, the culture-wars crusader who unfortunately happened to be Black in the mid-1990s Republican Party but comes across as sincere (perhaps even creepily so); Pat Buchanan, who I probably should have included in the major-candidate-flops paragraph above due to the scares he gave Dole early on and who seems eerily prescient in 2025, a Trumpian populist who actually believes what he's saying and who does support the American form of government; and John McCain, the Senator from Arizona who stays out of the race and loyally supports Dole, even though he knows the campaign is doomed. This is the impressive, straight-talking John McCain before the gimmick of the Straight-Talk Express, the body blow of Dubya's lies about him in the 2000 South Carolina primary, and selling his reputation in 2008 by naming Sarah Palin as his running mate. I miss the mid-1990s John McCain. Lewis clearly loves him.


This is Lewis not quite yet in his prime... but it's still a lot of fun, especially if you lived through it. I found myself laughing out loud frequently. And it's certainly easier to read 30 years later, when you know who wins in the end. I voted for Bill Clinton three times, including the 1992 Pennsylvania presidential primary, which is my only meaningful vote in a presidential election since I've lived in either deep blue or deep red states ever since. Clinton always looms large in the background, striding across the narrow world of the 1996 Republican primary like a colossus, with his petty Republican challengers scurrying about beneath his huge legs, searching in vain for an honorable political resting place...
July 14,2025
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Russillo was indeed right. There is an incredibly prescient book that foreshadows precisely where we are headed.

This book contains several profound quotes that are truly favorites. One such quote is, "Thus people who take their power for granted share something with people who have no power: in neither is there any strong impulse to activism. The rich, like the poor, lead lives filled with foregone conclusions." This statement makes us reflect on the different attitudes towards power and how it can lead to a lack of motivation for change.

Another thought-provoking quote is, "The more innocent your life, the less you have to say about your fate." It makes us wonder about the relationship between our experiences and our ability to shape our own destinies. Are those who have led more sheltered lives less equipped to handle the challenges and uncertainties that come their way?

These quotes from the book offer valuable insights into human nature and society, and they serve as a reminder of the importance of being aware of our own positions and taking action when necessary.
July 14,2025
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Sharp, funny, and well-written, this piece is truly a gem.

It has the ability to engage the reader from the very first sentence with its witty remarks and clever observations.

The author's writing style is both engaging and accessible, making it a pleasure to read.

However, at times, the piece can come across as a little preachy.

While the author has some valid points to make, they could perhaps be presented in a more nuanced way to avoid turning off readers who may not initially agree.

Overall, though, this is a great piece of writing that has a lot to offer.

It is sure to make you laugh, think, and maybe even see things from a different perspective.

Whether you're looking for a quick read to brighten your day or something more substantial to sink your teeth into, this piece is definitely worth checking out.

July 14,2025
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Good reminder of elections past. It is interesting to look back and see how elections have unfolded over the years. There are often commonalities and patterns that emerge.


For example, in many elections, there is a great deal of campaigning and advertising. Candidates try to convince voters of their worth and their ability to lead. There is also often a lot of mudslinging and negative campaigning, as opponents try to discredit each other.


Another similarity in elections is the importance of the issues. Voters are typically concerned about things like the economy, healthcare, education, and national security. Candidates who are able to address these issues effectively and offer solutions are more likely to win the support of the voters.


In conclusion, while each election is unique in its own way, there are also many similarities that can be observed. By studying the elections of the past, we can gain a better understanding of the political process and the factors that influence voter behavior.

July 14,2025
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Interesting read. I really love the way Lewis writes. His style is unique and engaging. However, this particular piece was a bit slower than the others I’ve read. It didn’t have the same pace and excitement that his other works usually do.


The quote “The definition of a genuine man (sic): one who couldn’t even prepare to play himself” is quite thought-provoking. It makes you wonder what it truly means to be a genuine person. Does it mean being so true to yourself that you can’t even pretend to be someone else? Or does it imply that a genuine man is one who is constantly evolving and changing, and therefore can’t prepare to play a static version of himself?


Overall, while this article may not have been as fast-paced as some of Lewis’ other works, it still contains some interesting ideas and quotes that are worth pondering.

July 14,2025
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Quick review:

This is a book that I read several years ago as part of a book club. To be honest, I don't remember all the details very clearly. However, it is part of my series of reviews that are more based on my overall impression (and my somewhat faulty memory).

I really loved this book for several reasons. Firstly, I was the one who chose it for the book club, so there is a bit of self-interest involved. Secondly, I have a great interest in politics, and this book delved into the political arena.

But the main reason I loved it was because the author has an amazing ability to spot the absurdities in politics and then describe them flawlessly. He knows exactly how to use the English language to bring the scenes and the candidates to life. He does a great job of not only describing the specific situations the candidates are in but also making incisive comments on the larger U.S. political system.

Although the specific details may have escaped me over the years, I would highly recommend that you read this book. It offers a unique perspective on politics and is both entertaining and thought-provoking.
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