Customer Reviews

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

5 star:		(8)
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2 star:		(1)
1 star:		(7)

 

 

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.

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.

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.

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.

This book really nails it down. Short and concise yet packed with information. There has been so much spending that we tend to forget where it all started and just how much has been spent. This is the perfect little reference book for impressing upon your friends and family why this spending must stop.

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.

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. I had hope for the "change". The first stimulus bill worried me because politicians rushed into it and never read the 2000 page bill but approved it. That was a bad sign. Not to read a bill of that size and the fact that it was loaded with waste filled spending on projects that had little, if no impact on job creation and stabilization of the economy. Common sense ecomomics says when in debt and have no money, DO NOT BORROW money to spend on things you don't need. Funding service related projects that do not generate revenue is a bad idea, the money always runs out. Why do the tax breaks (mortgage) and entitlements go to people who aren't paying their bills? I pay my bills on time and if I was given a break I would have more money to put back into the economy. Common sense.

After 19 months the government has gotten bigger so now we have more government expenses. Next will be increased taxes and regulations to pay for it. This does not help Americans get jobs or stabilize the economy. Sadly the "hope and change" has evaporated. Obama's policies have proven to be a failure. With trillions in debt, monthly jobs losses that top the previous month, and 9.6+% unemployment all happening while Obama vacations in posh resorts. Obama and his "dream team" of advisors has proven to be a group of questionable people with alot of ideas, concepts and theories...none that have worked in our REAL economy. Read this book and most of all use common sense to help yourself and your family to make it through these tough times. Learn another lesson along the way like I have, verify the backround of people you vote for instead of getting caught up wishing for someone to create a better life for you. Something that sounds too good to be true...usually is.

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.

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. Now what we have is a monopolistic economy that rewards inefficiencies and maximizes greed and damage, e.g. health insurance and banks.

A much better book is the one by Hacker and Pierson, Winner-Take-All Politics. Their insights into the war on the middle class is truly unnerving. We are now a banana republic with an entrenched monopolistic oligarchy. And it is the result of both the application and the distortion of voodoo economics.

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