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, Debacle outlines a clear path to putting America back in pole position.
"Debacle will end the claims of Paul Krugman and his ilk that poor, put-upon Obama did the best anyone could do with a recession he inherited. To the contrary, Lott and Norquist convincingly demonstrate that Obama took specific actions that made the recession much worse. A lot of Democrats got wealthy under Obama, but Obama's Democrats-get-rich-quick policies destroyed millions 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 syndicated columnist
"Lott and Norquist have penned a persuasive indictment of President Obama's economic record.¿ Jammed with facts and built on a mountain of carefully catalogued evidence, this is a potent resource for anyone who wants to help replace Mr. Obama in the Oval Office."
—Karl Rove, former Deputy Chief of Staff and Senior Advisor to President George W. Bush
"This is the book that everyone concerned about the future of America must read. Norquist and Lott serve up a depressing but sobering picture of today's economy along with a roadmap of solutions to move the country forward."
—Haley Barbour, former Governor of Mississippi
"President Obama's economic policy has been catastrophic for liberty, enterprise, and the American dream—the very archetype of what not to do to end recession. Debacle documents how this happened and why, with outstanding research, facts, and clear thinking. Reading this book is like digging through the rubble of a man-made disaster: It is painful but necessary for going forward to restore prosperity and opportunity."
—Jeffrey Tucker, executive editor, Laissez-Faire Books
Great insight. This book will get you even more fired up about the worst president ever. Cant wait for a change!Published 7 months ago by James Genzano
I love this book so much that I bought copies for friends. very well written. Each chapter has a lot of references and notes and the book is very objective.Published 18 months ago by S Strickler
I think if someone named John Doe vs. Grover Norquist had written this book it would have sold more copies and more people would be talking about it. Read morePublished 19 months ago by Michael Gallagher
The owner of this account is my mother (I'm a teen) but I have read the book. Here is my analysis.
First, the majority of the 1 star reviews are bogus or seem like... Read more
Debacle is a great book that clearly explains the past, present, and possible future for the USA.
The book is well researched, sighting many interesting facts. Read more
The top 20% of America earns 50% of the income in America. The top 1% tax rate has been cut from 70% to 30% in the last 50 years and is the lowest rate since The Great Depression... Read morePublished 24 months ago by Jane's Addiction
Since Debacle was written by two highly regarded conservatives, I hoped I would learn something about the logic behind Norquist's cry for lower taxes. Read morePublished on June 21, 2012 by eaglesnest
One of my favorite aspects of the book is to find out exactly where did all the stimulus money go. As Paul Krugman and President Obama clamor for more and more government... Read morePublished on June 14, 2012 by Tracey Wyatt
John Lott, with assistance from Grover Norquist, has written a devastating critique of the Obama macroeconomic policies. Read morePublished on May 26, 2012 by Edgar K. Browning