From the Inside Flap
Are Americans better off today than they were before Barack Obamawas elected to office? Americans for Tax Reform President GroverNorquist and economist John Lott don't think so, and in Debacle:Obama's War on Jobs and Growth and What We Can Do Now to Regain OurFuture
, they argue that huge increases in government spending,mounting debt, massive new regulations, and higher effectivemarginal income taxes are seriously hurting the country.
Exploring the ways in which Obama's economic policies havecontributed to the high unemployment rate, slowed economic growth,produced dramatically higher national debt, and damaged the housingmarket, Norquist and Lott contend that Obama's views on spending,taxes, and regulation have worked to harm—rather thanhelp—our recovery from the so-called "Great Recession."
Arguing that the Obama administration used the financial crisismore as an opportunity "to do big things" than to solve thecountry's economic problems, the book examines the players involvedin the meltdown, Obama's failed attempts to put the country back ontrack, and much more. Rejecting the President's use of Keynesianeconomics as a way of giving money to wealthy political supportersrather than as a legitimate way of understanding how the economyoperates, Norquist and Lott offer a fresh perspective.
The cost of Obama's policies have greatly outweighed thebenefits, and Norquist and Lott have solutions for getting thecountry back on track. Offering a comprehensive 12-step plan thatcovers everything from reforming the federal tax code to reducingindustry regulation, Debacle outlines a clear path toputting America back in pole position.
From the Back Cover
Praise for DEBACLE
"Debacle will end the claims of Paul Krugman and his ilkthat poor, put-upon Obama did the best anyone could do with arecession he inherited. To the contrary, Lott and Norquistconvincingly demonstrate that Obama took specific actions that madethe recession much worse. A lot of Democrats got wealthy underObama, but Obama's Democrats-get-rich-quick policies destroyedmillions of jobs and left Americans with a massive debt hangover.Every American with a bank account should read this book."
—Ann Coulter, best-selling author and syndicatedcolumnist
"Lott and Norquist have penned a persuasive indictment ofPresident Obama's economic record.¿ Jammed with facts andbuilt on a mountain of carefully catalogued evidence, this is apotent resource for anyone who wants to help replace Mr. Obama inthe Oval Office."
—Karl Rove, former Deputy Chief of Staff and SeniorAdvisor to President George W. Bush
"This is the book that everyone concerned about the future ofAmerica must read. Norquist and Lott serve up a depressing butsobering picture of today's economy along with a roadmap ofsolutions to move the country forward."
—Haley Barbour, former Governor of Mississippi
"President Obama's economic policy has been catastrophic forliberty, enterprise, and the American dream—the veryarchetype of what not to do to end recession. Debacledocuments how this happened and why, with outstanding research,facts, and clear thinking. Reading this book is like diggingthrough the rubble of a man-made disaster: It is painful butnecessary for going forward to restore prosperity andopportunity."
—Jeffrey Tucker, executive editor, Laissez-FaireBooks