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44 of 51 people found the following review helpful:
5.0 out of 5 stars
Spending Our Way to Economic Calamity, December 31, 2009
This review is from: How Barack Obama is Bankrupting the U.S. Economy (Encounter Broadsides) (Paperback)
It seems that the vast majority of Americans don't want to believe anything that's "inconvenient". It's easier to believe our government's irrational spending habits will somehow lead us out of the worst economic crisis since The Great Depression; after all, our trusted political leaders seem to think the solution to our problems is increased spending and artificial stimulis packages, designed to bail out failing sectors of the financial arena - from poorly managed banks to inefficiently operating automobile manufacturers.
Who's going to pay for all this? The questionable short-term benefits don't even make an ounce of sense, while the long-term financial disaster is as obvious as the stupidity of robbing Peter to pay Paul; sooner or later, we've got to pay the piper, and the piper has a lot of freeloaders to account for; this isn't going to be an inexpensive quick fix; rather, it's shaping up to be a financial disaster of epic proportions; one which future generations of taxpayers will be burdened with for a long, long time.
Anyone who is concerned with the future of this country; particularly with its foolish spending philosophy; needs to read this very accurate depiction of what is currently going on in Washington, DC; written by Stephen Moore, who knows a thing or two about economics.
His perspective is not at all convenient; however, it's brutally honest; and it's exactly what this country needs to hear if we're to avoid digging ourselves into a hole that is impossible to climb out from under; we need to take action when the next election comes around, and vote those tax and spend fanatics out of office before they completely destroy our financial future.
Anyone who doesn't see the handwriting on the wall is only kidding themselves; for a different perspective with the same conclusion, I'd encourage you to also read Timothy Carney's "tell it like it is" expose, Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses. It's the raw truth; and a very inconvenient scenario for Americans to embrace. For the sake of our economic survival, the inconvienient truth needs to be told, very loudly, in every sector of society.
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23 of 25 people found the following review helpful:
5.0 out of 5 stars
Economic Primer, February 24, 2010
This review is from: How Barack Obama is Bankrupting the U.S. Economy (Encounter Broadsides) (Paperback)
Brief (35 page) primer on the impact and effect of the Obama economic policies. Discusses the cash for clunkers program, take-over of GM, the fallacy of soaking the rich to balance the budget, administration's tax plan of raising rates for individuals, increase capital gains/dividends, and payroll taxes, and the future tax bomb for the middle class. Mr. Moore is a senior economic writer for the Wall Street Journal and does an excellent in explaning that we cannot tax, borrow, and spend our way to prosperity.
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16 of 18 people found the following review helpful:
5.0 out of 5 stars
An "Undeveloping" Nation, April 4, 2010
This review is from: How Barack Obama is Bankrupting the U.S. Economy (Encounter Broadsides) (Paperback)
This little handbook by Stephen Moore is a quick read that succinctly demonstrates the backward thinking of deficit spending. It doesn't work!
What I cannot understand, is how the pickpocket trins, (Obama,Pelosi and Reid) can get away with it. After all, Obama campaigned on the irresponsiblity of the Bush Administration for creating huge deficits. Once in office, he suddenly suffered amnesia as he "quadrupled down" on spending.
Pelosi assumed the gavel in 2007 on a promise of fiscal responsibility. Was that some sort of sick joke? Under the Pelosi-Reid Pickpocket Brigade, Congress has bet the house, ratcheting up the budget deficit from $160 billion to an eye-popping $1.42 trillion, according to US [...]. That's some kind of fiscal restraint!
This book by Stephen Moore, senior economics writer for the Wall Street Journal and Fox News analyst, clearly illustrates that power and ego trump commons sense, as our politicians choose to ignore history as well as current econonic trends. They'd rather play Russian roulette with American enterprise, than to leave to our children a better place.
Under this regime, we are most certainly an "undeveloping" nation.
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