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How Barack Obama is Bankrupting the U.S. Economy (Encounter Broadsides)

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How Barack Obama is Bankrupting the U.S. Economy (Encounter Broadsides) [Paperback]

Stephen Moore
3.1 out of 5 stars  See all reviews (22 customer reviews)

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Book Description

December 1, 2009 Encounter Broadsides (Book 4)
In his first nine months in office Barack Obama has pursued the most aggressive government expansionist agenda since Franklin Roosevelt’s new deal was launched in 1933. White House chief of staff Rahm Emanuel summarized the Obama first-year game plan best: “An economic crisis is a terrible thing to waste.” So far, we have seen multi-trillion dollar bailouts in housing, banking, insurance, and auto industries, the stimulus plan, cap and trade, a $1.2 trillion health care bill, and of course, the $4 billion cash for clunkers program.

None of this has worked. Now, six months after the stimulus progam, we sit at 9.4% unemployment. Two million more Americans are jobless. The debt has exploded like a cork from a bottle of champagne. We are now told that the Obama agenda will cost $9 trillion in debt as it plans to spend $42 trillion over the next decade.

In this riveting broadside, Stephen Moore explains this rotten story of Washington arrogance and malfeasance, and reveals exactly why Obamanomics failed.

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Editorial Reviews

About the Author

Stephen Moore joined The Wall Street Journal as a member of the editorial board and senior economics writer on May 31, 2005. He splits his time between Washington and New York, focusing on economic issues, including budget, tax and monetary policy.

Product Details

  • Series: Encounter Broadsides (Book 4)
  • Paperback: 48 pages
  • Publisher: Encounter Books (December 1, 2009)
  • Language: English
  • ISBN-10: 1594034648
  • ISBN-13: 978-1594034640
  • Product Dimensions: 0.2 x 4.8 x 7 inches
  • Shipping Weight: 4.8 ounces (View shipping rates and policies)
  • Average Customer Review: 3.1 out of 5 stars  See all reviews (22 customer reviews)
  • Amazon Best Sellers Rank: #1,454,986 in Books (See Top 100 in Books)

Customer Reviews

3.1 out of 5 stars
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Top Customer Reviews
45 of 54 people found the following review helpful
5.0 out of 5 stars Spending Our Way to Economic Calamity December 31, 2009
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.
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24 of 28 people found the following review helpful
5.0 out of 5 stars Economic Primer February 24, 2010
Format:Paperback|Verified Purchase
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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17 of 21 people found the following review helpful
5.0 out of 5 stars An "Undeveloping" Nation April 4, 2010
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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24 of 35 people found the following review helpful
5.0 out of 5 stars The Coming Calamity December 21, 2009
Length: 5:19 Mins
This is fine short and brisk analysis of the damage our new president has done to our economy. A splendid read.
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2 of 3 people found the following review helpful
1.0 out of 5 stars bullish on bush was right on April 5, 2013
mr. moore wrote a book" bullish on bush ". back in 2004 . He was soooo right in his wisdom in this book. Please!!!
why would anyone ever pay a dime to this man for anything he ever writes again. Bush,s term is over its history and we can study it and see how he did. And boy of boy did Moore get it wrong. If you buy this book you will encourage a hack to keep writing BS. This guy as not a clue what he is talking about. And the proof of that is Bullish on Bush
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6 of 9 people found the following review helpful
5.0 out of 5 stars An excellent BRIEF overview May 25, 2010
By A Fan
Format:Paperback|Verified Purchase
This is an excellent brief overview of the disastrous fiscal and economic policies of the Obama administration and the Democratic congress. It is a short, easy read and should be read by every American. The simple lesson is that you cannot keep spending money you do not have, without eventually facing unpleasant consequences.
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2 of 3 people found the following review helpful
1.0 out of 5 stars Well this was the guy's last book April 7, 2013
Format:Paperback So it's pretty clear that the guy has no idea what he's talking about and that he's absolutely shameless about not knowing anything.
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5.0 out of 5 stars excellent reading August 27, 2014
Format:Kindle Edition|Verified Purchase
Concise and factual
Covers the US debt situation and Obama's irresponsible fiscal properties.

Looks like the stimulus was a bust and the employeer mandate will only make matters worse
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Most Recent Customer Reviews
5.0 out of 5 stars Five Stars
explains how Obama is destroying america
Published 9 months ago by BAMA
2.0 out of 5 stars save your money
What the author says may be true but the price of the "Book" is way to high for what you get. It should be listed as a booklet.
Published 14 months ago by Dale Simpson
5.0 out of 5 stars Bravo
Stephen Moore sheds light on the perils of uninhibited spending by the federal government. Thorough, quick, extremely readable, thought provoking.
Published on January 25, 2013 by mara
1.0 out of 5 stars Better Alternative
I believe that anybody who believes that the free market is the solution is not viewing reality. Our greatest accomplishments were in the years that we had a vibrant mixed economy. Read more
Published on January 23, 2011 by Vic
5.0 out of 5 stars excellent insights
this book highlights how the U.S. economy is being mismanaged. It is a good study for economics majors, and people interested in investing and retirement planning.
Published on December 6, 2010 by M. hayden
1.0 out of 5 stars Its not a novel
This is barely considered a book, its 48 pages.
Maybe a thick pamplet at best.
Published on September 22, 2010 by Rodney D. Rundberg
5.0 out of 5 stars A book that tells the truth, something other media wont
This book explains what went wrong, how and why. Sadly the media: magazines, television, radio and the internet are not letting Americans know how bad things really are. Read more
Published on August 20, 2010 by B. Stilson
1.0 out of 5 stars Already known facts about O'Bama
The facts in this book are already known and have been known for quite some time. I do not approve of authors making money from titles making you think they have facts that are... Read more
Published on July 23, 2010 by Nancy Reichardt
1.0 out of 5 stars Jonathan
I thought I was purchasing a "book", not a pamphlet! They were not even worth reading or spending the money sending them back. I trashed them without even reading them. Read more
Published on June 26, 2010 by Jonathan
2.0 out of 5 stars How Obama is Bankrupting the Economy
this is not really a book as much it is a
34 page pamplet and not worth the $6.55
to me. i donot recommend it
Published on June 21, 2010 by Mark . Costa
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How Barack Obama is Bankrupting the U.S. Economy (Encounter Broadsides)
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