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A provocative critique of the Obama administration's economic policies and an examination of America's difficult economic futureDuring 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 m A provocative critique of the Obama administration's economic policies and an examination of America's difficult economic futureDuring 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 benefitsExplains why Keynesian economics is more a way of transferring wealth to political constituencies than a legitimate economic theory for understanding how the economy operatesPosits 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.


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A provocative critique of the Obama administration's economic policies and an examination of America's difficult economic futureDuring 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 m A provocative critique of the Obama administration's economic policies and an examination of America's difficult economic futureDuring 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 benefitsExplains why Keynesian economics is more a way of transferring wealth to political constituencies than a legitimate economic theory for understanding how the economy operatesPosits 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.

42 review for Debacle: Obama's War on Jobs and Growth and What We can do Now to Regain our Future

  1. 5 out of 5

    Michael

    I think if someone named John Doe vs. Grover Norquist had written this book it would have sold more copies and more people would be talking about it. No matter your political persuasion, for each fact, statement, or opinion made in the book there are numerous third-party references to external sources - and the Kindle version has them hyperlinked so you can read them yourself and form your own opinion. What I appreciate the most is Norquist readily (and equally) quotes liberal and conservative si I think if someone named John Doe vs. Grover Norquist had written this book it would have sold more copies and more people would be talking about it. No matter your political persuasion, for each fact, statement, or opinion made in the book there are numerous third-party references to external sources - and the Kindle version has them hyperlinked so you can read them yourself and form your own opinion. What I appreciate the most is Norquist readily (and equally) quotes liberal and conservative sites such as CNN, MSNBC, FOX News, and the Wall Street Journal as well as provides external links where you can read transcripts of speeches, etc. for each source. You can make up your own mind vs. being spoon fed on what you "need to believe." This is not a book I could read in one sitting, but I took it a chapter at a time over a period of a couple of weeks - it's a lot of information to cover, but it's also something (if you are keeping an open mind) that should give you pause for reflection and thought about the weak economic and crappy political climate in this country.

  2. 4 out of 5

    Joeph465

    Joe Moussa IPLE 1B Debacle: Obama's war on jobs and growth and what we can do now to regain our future, is simply a masterful read. It discusses the current presidency of Barrack Obama and generally evaluates how the nation as a whole is doing. Granted it reads a bit to the right of the political spectrum due to the right leaning authors, Grover G. Norquist and John R. Lott, Jr. The book itself is quite an eye opener and offers a fresh and new way to look at Obama's presidency for the liberals. T Joe Moussa IPLE 1B Debacle: Obama's war on jobs and growth and what we can do now to regain our future, is simply a masterful read. It discusses the current presidency of Barrack Obama and generally evaluates how the nation as a whole is doing. Granted it reads a bit to the right of the political spectrum due to the right leaning authors, Grover G. Norquist and John R. Lott, Jr. The book itself is quite an eye opener and offers a fresh and new way to look at Obama's presidency for the liberals. The book evaluates the economy in many different ways and sometimes goes into Obama's life and ties it in with his reason for thinking the way he does about politics. An important reminder when reading this book, the authors clearly dislike Obama's policies on almost everything and maybe even Obama, so it seems incredibly biased against liberals or people who are pro-Obama. Debacle first begins with an introduction on Obama and his opinions on the role of government and a peek into his personal/college life. I was surprised to discover that he was not too much fun to be around in college, especially if you did not share the same political views as him. However he was very approacable, and would strike a conversation in a heartbeat about politics. The authors also comment how Obama once purpously avoided a person and talked down to them just because they did not share his views on gun control. Naturally the young man was pro guns and Obama replied, "I don't believe that people should be able to own guns," (Norquist 2)and Obama carried that grudge of disagreement all throughout college on that poor soul. The rest of the introduction talked about how he went through college and how he acted when he was around people. After the introduction is where things get muddy and biased. Almost every other chapter in the book criticizes Obama and how his policies did not fulfill their goals. First they talk about the financial crisis and how the United States wound up in the recession. It provides a bit of back story as to what occurs throughout the book. They discuss Fannie Mae and Freddy Mac and how the housing market collapsed under it's own weight. Shortly after that they begin to mention how this current "recovery" happens to be the worst recovery on record, and how the Obama administration's primary goal was to create jobs. Jobs were supposed to be the measurement of how well the economy is doing. The book then describes how the Obama administration completely failed at replenishing jobs at a cost effective price. The authors then move on to the dreaded stimulus package and how it actually worsened the economy. They described how the amount of money that went into the stimulus package ($825 billion) did not offer enough jobs to stimulate the economy or get the United States' money back that they just basically wasted. After they pretty much bashed the stimulus package, the authors begin writing about how the economy could have been in better shape without the stimulus. More jobs could have been created and less government spending and government interferance would have been benefits of the stimulus not passing. After all the talk about the economy, the Norquist and Lott turn to business, supposedly Obama's area of expertise. They show Obama's opinion that "The problems that the country faces were due to unbridled capitalism and greed and the federal government needed to step in and fix it." (122) and once again both Norquist and Lott disagreed completely. They were more in favor of a small government and that Obama's opinions were more geared toward hating businesses, despite how many White House advisors claiming that, "[The Obama] administration has been one of the most business-friendly in history" (122) as said by former Clinton labor secretary Robert Reich. Norquist and Lott finally reach an end and pose the million dollar question by the end which I believe is the ultimate question. "We Have Seen What Happened under Obama. So Now What Do We Do?" (159) which is a very good question, I think an even greater question would be what CAN we do. The authors believe, "The simple answer is for the government to spend less, tax less, borrow less, and regulate less." (159) however they also mention how the simple answer isn't quite as simple as it may have seemed. They describe how the United States has done it before and they can do it again. It will not be easy in fact they mentioned, "The challenge is to do three things at the same time year after year: grow the economy, reduce the size and scope of the government, and do so in a way that you can confidently explain your goals, plans, and successes to the American people clearly enough to win elections every two years" (160) obviously not the simplest task in the world. After that they evaluate the two political parties, Republicans and Democrats, and where their origins, ideals and opinions come from. And of course they choose to end with Obama's legacy. Norquist and Lott clearly show their bias by concluding that "the phrase 'he made things worse' has come to describe Obama's presidency" (206) harsh words however they were justified by almost every single word in the book. All in all it was quite an informational read. Many different ideas were mentioned in this book that many Americans and even politicians might not be aware of. All of the authors' ideas were supported from other politicians and economists. Most of the statistics mentioned were found to also be quite accurate and supported by a wide array of graphs and visual aids which only helped solidify Norquist and Lott's ideas. Although the book may have a right winged bias, it is still a great read to see the other side of things on the political spectrum and to evaluate certain points in Obama's presidency.

  3. 5 out of 5

    Mike Teller

  4. 5 out of 5

    William Russell

  5. 4 out of 5

    Sam Dahl

  6. 5 out of 5

    Lily Bart

  7. 5 out of 5

    Ade

  8. 5 out of 5

    Roger

  9. 4 out of 5

    Alex

  10. 4 out of 5

    Cecilia Dunbar Hernandez

  11. 4 out of 5

    Amora

  12. 5 out of 5

    Brian Hanley

  13. 4 out of 5

    Jacqueline

  14. 5 out of 5

    William

  15. 4 out of 5

    Chris Morrill

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    Edward G Johnson

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    John Hendricks

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    Ben

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    Eric Eggen

  20. 5 out of 5

    Diana

  21. 5 out of 5

    Joan Chaichi

  22. 5 out of 5

    Janet

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    Jennifer Remus

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    Shane

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    Edward Geddes

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    Sherry

  27. 5 out of 5

    Dinh

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    James Kaleda

  29. 5 out of 5

    Ryan

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    Rachel Wagner

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    Malachi

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    Judi

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    Andy

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    Chris Morrill

  35. 4 out of 5

    Unclejorge

  36. 5 out of 5

    Michele

  37. 5 out of 5

    Kathy Jo

  38. 5 out of 5

    John

  39. 4 out of 5

    Stephan Clifford

  40. 4 out of 5

    Glenn Fogle

  41. 4 out of 5

    Felicia

  42. 5 out of 5

    S Hinchcliffe

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