In his book "The Great Divide: Unequal Societies and What We Can Do About Them," Joseph E. Stiglitz argues that the actions of the Bush administration, particularly in handling fiscal responsibilities, have significantly weakened America's economic standing. This decline in authority is compared to the damage inflicted on the nation's moral prestige by events like Guantánamo and Abu Ghraib. Stiglitz highlights the correlation between governance practices and the broader perception of the United States on the world stage.

The author suggests that poor fiscal management has not only impacted domestic economic structures but has also contributed to a loss of respect internationally. Stiglitz emphasizes the importance of rectifying these issues to restore both economic and moral authority, calling for reform to address the inequalities that have emerged in society. Ultimately, he advocates for a reevaluation of policies to ensure a fairer and more sustainable economic future.