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Title: Debacle
Subtitle: Obama's War on Jobs and Growth and What We Can Do Now to Regain Our Future
Author: Grover Glenn Norquist, John R. Lott
Narrator: Brian Holsopple
Format: Unabridged
Length: 5 hrs and 35 mins
Language: English
Release date: 07-31-12
Publisher: Audible Studios
Ratings: 4.5 of 5 out of 4 votes
Genres: Nonfiction, Politics
Publisher's Summary:
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.
Arguing that the policies of the Obama administration have created widespread economic chaos, Debacle is a bleak look at American finance from Grover Norquist.
Members Reviews:
Phenomenal book
I love this book so much that I bought copies for friends. very well written. Each chapter has a lot of references and notes and the book is very objective.
good read
Great insight. This book will get you even more fired up about the worst president ever. Cant wait for a change!
Great economic policy primer
Debacle is a great book that clearly explains the past, present, and possible future for the USA.
The book is well researched, sighting many interesting facts. It explains how the US economy got to where it is today and how the stimulus packages have negatively affected things.
The book also lays out an intelligent plan for productive future.
Some of the topics explained in Debacle:
* Stimulus Bills made the recovery and employment rate worse, not better.
* States and Countries that "stimulated" less did better.
* Canada/Germany unemployment trends mapped with ours up to stimulus event.
* Larry Summers is one of the people most responsible for damaging the US economy.
* How Keynesian economic theory has proven to be a failure, yet Obama still embraces it.
* Stimulus funds went not to where the worst economic conditions existed, but to where Obama's supporters were mostly located.
* Political pressure to give out risky loans and funds to friends of the administration are exposed.
* Why and how the Sub-Prime housing market crisis happened, mostly due to political pressure from both parties on banks to give out risky loans to low income borrowers. Freddie and Fannie, by being government backed, was another leading reason.
* Obama: Anti-Business president. Many anti-business quotes from him.