Debacle: Obama's War on Jobs and Growth and What We Can Do Now to Regain Our Future
Are Americans better off today than they were before Barack Obama was elected to office? Americans for Tax Reform President Grover Norquist and economist John Lott don't think so, and inDebacle: Obama's War on Jobs and Growth and What We Can Do Now to Regain Our Future, they argue that huge increases in government spending, mounting debt, massive new regulations, and higher effective marginal income taxes are seriously hurting the country.Exploring the ways in which Obama's economic policies have contributed to the high unemployment rate, slowed economic growth, produced dramatically higher national debt, and damaged the housing market, Norquist and Lott contend that Obama's views on spending, taxes, and regulation have worked to harm—rather than help—our recovery from the so-called "Great Recession."Arguing that the Obama administration used the financial crisis more as an opportunity "to do big things" than to solve the country's economic problems, the book examines the players involved in the meltdown, Obama's failed attempts to put the country back on track, and much more. Rejecting the President's use of Keynesian economics as a way of giving money to wealthy political supporters rather than as a legitimate way of understanding how the economy operates, Norquist and Lott offer a fresh perspective.The cost of Obama's policies have greatly outweighed the benefits, and Norquist and Lott have solutions for getting the country back on track. Offering a comprehensive 12-step plan that covers everything from reforming the federal tax code to reducing industry regulation,Debacleoutlines a clear path to putting America back in pole position.