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Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses Hardcover – November 30, 2009
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From the Inside Flap
Obama Is Making You PoorerBut Who’s Getting Rich?
Goldman Sachs, GE, Pfizer, the United Auto Workersthe same special interests” Barack Obama was supposed to chase from the templeare profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers.
Investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robberyit’s Obamanomics. In this explosive book, Carney reveals:
* The Great Health Care ScamObama’s backroom deals with drug companies spell corporate profits and more government control
* The Global Warming HoaxObama has bought off industries with a pork-filled bill that will drain your wallet for Al Gore’s agenda
* Obama and Wall StreetChange” means more bailouts and a heavy Goldman Sachs presence in the West Wing (including Rahm Emanuel)
* Stimulating K StreetThe largest spending bill in history gave pork to the well-connected and created a feeding frenzy for lobbyists
* How the GOP needs to change its tunedrasticallyto battle Obamanomics
If you’ve wondered what’s happening to our country, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding stimulus packages” that create make-work government jobs, this book makes it all clearit’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the namesand it will make your blood boil.
From the Back Cover
Praise for Obamanomics
The notion that big business’ is on the side of the free market is one of progressivism’s most valuable myths. It allows them to demonize corporations by day and get in bed with them by night. Obamanomics is conservative muckraking at its best. It reveals how President Obama is exploiting the big business mythology to undermine the free market and stick it to entrepreneurs, taxpayers, and consumers. It’s an indispensable field guide to the Obama years.”
Jonha Goldberg, LA Times columnist and best-selling author
Every time government gets bigger, somebody’s getting rich.’ With this astute observation, Tim Carney begins his task of laying bare the Obama administration’s corporatist governing strategy, hidden behind the president’s populist veneer. This meticulously researched book is a must-read for anyone who wants to understand how Washington really works.”
David Freddoso, best-selling author of The Case Against Barack Obama
Every libertarian and free-market conservative who still believes that large corporations are trusted allies in the battle for economic liberty needs to read this book, as does every well-meaning liberal who believes that expansions of the welfare-regulatory state are done to benefit the common people.”
Congressman Ron Paul
It’s understandable for critics to condemn President Obama for his socialism.’ But as Tim Carney shows, the real situation is at once more subtle and more sinister. Obamanomics favors big business while disproportionately punishing everyone else. So-called progressives are too clueless to notice, as usual, which is why we have Tim Carney and this book.”
Thomas E. Woods, Jr., best-selling author of Meltdown and The Politically Incorrect Guide™ to American History
More About the Author
Trained under veteran columnist Robert Novak, Tim is currently the lobbying editor and a columnist at the Washington Examiner. Tim, one of four boys, was born in Greenwich Village and grew up in Pelham, New York.
Top Customer Reviews
During his campaign for president, Obama carefully crafted a message of change. A repeated theme of the campaign was that big business had too much power in the Bush administration and his own administration would strictly regulate lobbyists and their corporate sponsors. Throughout the election, the Obama campaign successfully portrayed John McCain as a representative of "Big Business" while suggesting that Obama was funded by donations from average Americans. This myth is still believed by many Americans today. Throughout the book, however, Carney shows how fundamentally wrong this conception is. Obama received far more money from big pharmaceutical companies, like Pfizer, from big oil, like Exxon Mobil, from GE and Goldman Sachs, than McCain. Indeed, he received more than any other candidate for President in history. Carney carefully details the money spent on Obama industry by industry and in subsequent chapters describes just what all this money bought.
In general, popular mythology notwithstanding, large corporations routinely benefit from government regulation. Carney details several ways this can happen.Read more ›
For years now, in his regular columns and two excellent books, Carney has been doing real time, serious investigative journalism at this nexus of policy making, big business, and interest-group knife-fighting. In Obamanomics, Carney follows the money -- special interest groups to campaign committees to bailed out boardrooms. You'll see who is leading the seemingly noble campaigns for green energy, health care reform, and financial regulations... and how those same people are coincidentally positioned to make billions off of the policy changes they themselves have written.
Obamanomics has the substance for a policy wonk, but is written as a fast and entertaining read for the layman -- more like an episodic novel than a policy paper. The Becks and Olmbermanns have their place in the national dialogue, but Tim Carney's work is not punditry: it's old school shoe leather journalism.
I have three copies already -- one for me, and two already wrapped as Christmas gifts. It will probably serve as my go-to present for politically-minded friends for the next few years, too.
Obamanomics is everything you (don't want to know but) need to know about how Washington works in the age of Obama. It is, quite simply, an indispensable book from Washington's one indispensable reporter.
Timothy P Carney has compiled a remarkably comprehensive piece of investigative reporting, and after the dust has settled, the reader will come away knowing that our new president is as clever as any sleazy politician ever; his image of standing up against the big corporations, while promoting the cause of the "little guys" is about to be tested with the facts that Carney has gathered. His effort is monumental, and well documented; and for Barrack Obama, this is more evidence of corruption that any American should be outraged by; this time, there's not enough rhetoric to cover up the simple truth.
It's business as usual in Washington, DC; and the fat cats of corporate America are only getting fatter, and more corrupt. The details are right here in this book.
This book is not just about the Obama administration - it is really an expose on how the giant corporations and banks are controlling our government for their own selfish gain. Obama is really just accelerating the same agenda that has been occurring for many years.
This book contains no histrionics or speculation. It is carefully researched and documented. Do us all a favor - read this book and then spread the word.
I don't think I'm exaggerating to say that this is the most important book written on politics in recent times.
Most Recent Customer Reviews
There are several people who think the author has been unfair, but Obama fits the role as fascist/corporatist. Read morePublished on January 6, 2013 by Freedom First
only read the first few chapeters so far, but so far it has enlightened me as to the reality of how even though obama claims to be against big companies, he's actually working side... Read morePublished on December 19, 2012 by Scott Brownell
Very clear and concise from what I could tell. Gave a point-by-point analysis of the economic problems right now and clear answers whey Liberl Economics are not working. Read morePublished on October 30, 2012 by Michael Rigg
"Obamanomics" reveals how the political system really works in America. This book is well written and well researched. A-1. Read morePublished on November 23, 2010 by The Evaluator
If after reading this book, you aren't calling the president "Showbama" then you're probably related to him! This book takes the mask off, and it's NOT pretty. Read morePublished on September 15, 2010 by kalm77
Until I read this book I had no idea of the connection between big business and the government. This is an excellent book that will change your thinking on bills being passed in... Read morePublished on June 10, 2010 by Gary J. Banuk
This book, if you let it, will change your ideas about welfare, socialism, and the true challenges facing reform movements like the Tea Parties. Read morePublished on April 20, 2010 by Kindle Customer
One of the most tired clichés in American political discourse is that Republicans are shills for Big Business while Democrats are tireless advocates for the Average Person. Read morePublished on March 26, 2010 by George P. Wood
I read a fairly large amount of material critical to President Obama, but this book still had lots of news to me. Read morePublished on March 19, 2010 by HVeinott