Debacle : Obama's war on jobs and growth and what we can do now to regain our future /
Norquist, Grover Glenn.
Lott, John R.
Hoboken, N.J. : John Wiley,
c2012.
"During the 2008 presidential campaign, Obama promised time after time "a net spending cut" to make government smaller in order to cut the deficit. But the huge increase in government spending and debt, and the resulting higher future taxes will make America a poorer country. 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. That is on top of the $35,000 per family already chalked up under the first two years of Obama's administration. But has all the new government been worth it? Are Americans happier because the government has determined where this money should be spent? The answer is clearly no"--
Includes index.
"During the 2008 presidential campaign, Obama promised time after time "a net spending cut" to make government smaller in order to cut the deficit. But the huge increase in government spending and debt, and the resulting higher future taxes will make America a poorer country. 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. That is on top of the $35,000 per family already chalked up under the first two years of Obama's administration. But has all the new government been worth it? Are Americans happier because the government has determined where this money should be spent? The answer is clearly no"--
Includes bibliographical references and index.
Introduction: The players -- The financial crisis -- The worst recovery on record -- The stimulus made things worse -- Would the economy have been in worse shape without the stimulus? -- Regulatory thuggery -- We have seen what happened under Obama. So now what do we do? -- Conclusion: Obama's legacy -- Appendix: Looking at the fifty states.
Global Financial Crisis, 2008-2009.
BUSINESS & ECONOMICS / Economics / General.