Debacle
Obama's War on Jobs and Growth and What We Can Do Now to Regain Our Future
Published on 8. February 2012
272 pages
978-1-118-22753-4 (ISBN)
Description
A provocative critique of the Obama administration's economicpolicies and an examination of America's difficult economicfuture
During the 2008 presidential campaign, Barack Obama promised "anet spending cut" to make government smaller in order to reduce thedeficit. But this huge increase in government spending and debt,and the resulting prospect of higher taxes, will make America apoorer country. Are Americans happier because the government hasdetermined where this money should be spent? According to John Lottand Americans for Tax Reform President Grover Norquist, the answeris no, and in Debacle: Obama's War on Jobs and Growth and WhatWe Can Do Now to Regain Our Future they explain why.
Obama's economic policies have raised unemployment, slowedeconomic growth, dramatically raised the national debt, squanderedtaxpayer money through poor investments, and damaged the housingmarket. The book explains why Obama's policies on spending, taxes,and regulation have all worked to harm the recovery, increaseunemployment, and depress housing prices.
* The Congressional Budget Office estimates that the deficitsthat President Obama proposes for the years from 2011 through 2020come to a staggering $126,000 per family of four, and John Lott andGrover Norquist make clear why the costs outweigh the benefits
* Explains why Keynesian economics is more a way of transferringwealth to political constituencies than a legitimate economictheory 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 economicproblems
Arguing that the policies of the Obama administration havecreated widespread economic chaos, Debacle is a bleak lookat American finance from Grover Norquist.
During the 2008 presidential campaign, Barack Obama promised "anet spending cut" to make government smaller in order to reduce thedeficit. But this huge increase in government spending and debt,and the resulting prospect of higher taxes, will make America apoorer country. Are Americans happier because the government hasdetermined where this money should be spent? According to John Lottand Americans for Tax Reform President Grover Norquist, the answeris no, and in Debacle: Obama's War on Jobs and Growth and WhatWe Can Do Now to Regain Our Future they explain why.
Obama's economic policies have raised unemployment, slowedeconomic growth, dramatically raised the national debt, squanderedtaxpayer money through poor investments, and damaged the housingmarket. The book explains why Obama's policies on spending, taxes,and regulation have all worked to harm the recovery, increaseunemployment, and depress housing prices.
* The Congressional Budget Office estimates that the deficitsthat President Obama proposes for the years from 2011 through 2020come to a staggering $126,000 per family of four, and John Lott andGrover Norquist make clear why the costs outweigh the benefits
* Explains why Keynesian economics is more a way of transferringwealth to political constituencies than a legitimate economictheory 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 economicproblems
Arguing that the policies of the Obama administration havecreated widespread economic chaos, Debacle is a bleak lookat American finance from Grover Norquist.
All prices
More details
Other editions
Additional editions
Grover G. Norquist | John R. Lott
Debacle
Obama's War on Jobs and Growth and What We Can Do Now to Regain Our Future
Book
03/2012
Wiley
€26.50
Shipment within 15-20 days
Persons
Grover G. Norquist is President of Americans for Tax Reform(ATR), a taxpayer advocacy group he founded in 1985 at the requestof President Reagan. ATR is a coalition of taxpayer groups,individuals, and businesses opposed to higher taxes at the federal,state, and local levels. It organizes the Taxpayer ProtectionPledge, which asks all candidates for federal and state office tocommit themselves in writing to oppose all tax increases.
John R. Lott, Jr is an economist who has held researchand/or teaching positions at the University of Chicago, Yale,Stanford, UCLA, Wharton, and Rice, and was the chief economist atthe United States Sentencing Commission from 1988 to 1989. Lott haspublished over 100 articles in academic journals. He has authoredsix books including More Guns, Less Crime; Freedomnomics; TheBias Against Guns; and Are Predatory CommitmentsCredible? He is a contributor and a weekly columnist forFoxNews.com. Lott's Opinion pieces have appeared in severalpublications, including the Wall Street Journal, the NewYork Times, the Los Angeles Times, the New York Post,USA Today, and the Chicago Tribune, and he has appearedon television programs including ABC and NBC National Evening Newsbroadcasts, Fox News, The NewsHour with Jim Lehrer, andthe Today Show. He received his PhD in economics fromUCLA.
John R. Lott, Jr is an economist who has held researchand/or teaching positions at the University of Chicago, Yale,Stanford, UCLA, Wharton, and Rice, and was the chief economist atthe United States Sentencing Commission from 1988 to 1989. Lott haspublished over 100 articles in academic journals. He has authoredsix books including More Guns, Less Crime; Freedomnomics; TheBias Against Guns; and Are Predatory CommitmentsCredible? He is a contributor and a weekly columnist forFoxNews.com. Lott's Opinion pieces have appeared in severalpublications, including the Wall Street Journal, the NewYork Times, the Los Angeles Times, the New York Post,USA Today, and the Chicago Tribune, and he has appearedon television programs including ABC and NBC National Evening Newsbroadcasts, Fox News, The NewsHour with Jim Lehrer, andthe Today Show. He received his PhD in economics fromUCLA.
Content
Acknowledgments xi
Introduction The Players 1
Chapter 1 The Financial Crisis 7
Chapter 2 The Worst Recovery on Record 23
Chapter 3 The Stimulus Made Things Worse 35
Chapter 4 Would the Economy Have Been in Worse Shape without theStimulus? 85
Chapter 5 Regulatory Thuggery 121
Chapter 6 We Have Seen What Happened under Obama. So Now What DoWe Do? 159
Conclusion Obama's Legacy 201
Appendix Looking at the Fifty States 211
About the Authors 217
Index 219
Introduction The Players 1
Chapter 1 The Financial Crisis 7
Chapter 2 The Worst Recovery on Record 23
Chapter 3 The Stimulus Made Things Worse 35
Chapter 4 Would the Economy Have Been in Worse Shape without theStimulus? 85
Chapter 5 Regulatory Thuggery 121
Chapter 6 We Have Seen What Happened under Obama. So Now What DoWe Do? 159
Conclusion Obama's Legacy 201
Appendix Looking at the Fifty States 211
About the Authors 217
Index 219
