Debacle (ePub)

A provocative critique of the Obama administration's economic
policies and an examination of America's difficult economic
future

During the 2008 presidential campaign, Barack Obama promised "a
net spending cut" to make government smaller in order to reduce the
deficit. But this huge increase in government spending and debt,
and the resulting prospect of higher taxes, will make America a
poorer country. Are Americans happier because the government has
determined where this money should be spent? According to John Lott
and Americans for Tax Reform President Grover Norquist, the answer
is no, and in Debacle: Obama's War on Jobs and Growth and What
We Can Do Now to Regain Our Future they explain why.

Obama's economic policies have raised unemployment, slowed
economic growth, dramatically raised the national debt, squandered
taxpayer money through poor investments, and damaged the housing
market. The book explains why Obama's policies on spending, taxes,
and regulation have all worked to harm the recovery, increase
unemployment, and depress housing prices.

* The Congressional Budget Office estimates that the deficits
that President Obama proposes for the years from 2011 through 2020
come to a staggering $126,000 per family of four, and John Lott and
Grover Norquist make clear why the costs outweigh the benefits

* Explains why Keynesian economics is more a way of transferring
wealth to political constituencies than a legitimate economic
theory for understanding how the economy operates

* Posits that Obama's economic policies were more an opportunity
"to do big things" than to solve the country's economic
problems

Arguing that the policies of the Obama administration have
created widespread economic chaos, Debacle is a bleak look
at American finance from Grover Norquist.