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The U.S. Economy Exposed - DEBT CRISIS Kindle Edition

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Length: 47 pages

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Editorial Reviews

From the Author

The US Economy Exposed idea came about when I began writing this book in the middle of the 2012 election year, mainly because of the propaganda being thrown over the air waves by the Presidential candidates. Some of them outright lied about the economic numbers and tried to appeal to the different segments of voters that would get them elected by stretching the truth in their favor.

Elections are a numbers game and the evidence really came out in November 2012 when Obama and Romney appealed to voters in the swing states of Florida, Ohio, Virginia, North Carolina and Wisconsin, all with double digit electoral votes.  Both candidates and their Veeps criss-crossed multiple times in the air and landed in the heart of these targeted states to woo voters. 

In the end, Obama won with a large election turn-out from the minorities and the women vote. Romney could never get the independent voter to lean to the right. I believe the improvement in the Job Outlook and record Corporation Profits came at the right time for Obama's win.  Unfortunately, ObamaCare almost cost him the election and the US continues in a period of uncertainty for an Aging population ready to bankrupt Social Security, Medicare and Medicaid programs. Congress must make some gut-wrenching decisions over the next 4-years to get the US out of this Debt Crisis.

My philosophy is to tell it like it is . . . the hard facts and present them to you in simple, easy to understand terms. My hobby is to analyze the components of Gross Domestic Product (GDP), which includes Consumer Spending, Government Spending, Business Investment, and Exports minus Imports. For those who do not study macroeconomic theory, the formula is GDP = C + G + I + (E - I).  GDP growth will result if consumers spend more and corporations invest more in their businesses. Two quarters of negative GDP Growth constitutes a recessionary economy.

When the 2007 financial collapse of the residential real estate market caused The Great Recession crippling the Financial Services, Manufacturing and Construction industries, most of Middle Class America lost 30-40% of their wealth and millions lost their jobs. This had a compounding effect on GDP Growth . . . Consumers stopped spending and Business stopped investing, both of which account for 80% of GDP. The Feds had no choice but to reduce interest rates, infuse cash into the banking system and bail-out some big companies to stop the fall in order to prop up the economy. If these actions were not taken, the US would have surely would have fallen into its 2nd Depression in 80 years.

The US Economy Exposed series of books will take a look at each major component of GDP and break down the factors that drive economic growth. My objective is to put the economy in perspective for people and business alike to make the right choices in the short-term future. We all need to get back to where we were before the financial collapse for our future prosperity, as well as leaving our kids with something to fall back on. It is a long and winding road to economic recovery. For some of us, that may not be possible, but I will try my best to educate those who want to improve their current financial situation.

From the Inside Flap

The US Economy Exposed - Who caused the Debt Crisis? A look back in the history of economic downturns and the Political Party in Control! This book takes a look at the history of recessions since The Great Depression of 1929 and spans 80 years. During that time, we have fallen in and out of many recessions, but none deeper than The Great Recession of 2009. It takes a high-level look at the economy and the components of Gross Domestic Product (GDP), which measures the rise and fall of US prosperity. It also delves into the causes of the current debt crisis and identifies the party in control of Congress, who created this catastrophic hole that we are now in as a nation.

Product Details

  • File Size: 2473 KB
  • Print Length: 47 pages
  • Simultaneous Device Usage: Unlimited
  • Publisher: Kouell Publishing (September 3, 2012)
  • Publication Date: September 3, 2012
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B00927CQJA
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Not Enabled
  • Amazon Best Sellers Rank: #2,179,441 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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More About the Author

Keith E Ouellette (1951-Present) was born in Salem, Massachusetts to French-Canadian ancestry, educated in Boston, secured an 18-month initial assignment in Europe experiencing operations of small to medium-sized businesses and learned how to work with various cultures throughout the region.

For the 1st half of his career as a financial manager/controller for small divisions of two (2) major conglomerates, he developed the skills necessary to look at the big picture, apply current conditions/trends of the economy, and to accurately develop plans for his company's future growth and financial well-being.

Since the mid-1980s, he moved into the financial services industry and gravitated towards writing articles for industry magazines about health care and insurance-related topics. Today, he has a passion for educating the public about the components of GDP, illustrating the need for change using real economic numbers. His philosophy is to "tell it like it is" and offer perceptive financial solutions for small businesses to stimulate sales growth and improve future profits based on "real" economic trends.

In 2012, "The US Economy Exposed" book series was developed to sift through the macroeconomic trends and fight the through the propaganda being thrown at the public during an election year. It is expected that multiple books in the series will be published, and weekly updates of current trends will be illustrated at his Blog at

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Most Helpful Customer Reviews

By Lou on September 4, 2012
Format: Kindle Edition Verified Purchase
The author presents pertinent facts yet doesn't delve much into the source of the crisis. He attempts to be middle of the road but appears to be a democrat who is disappointed with his own party. This is evidenced by his clear criticisms of republican policies compared to his "wrong place wrong time" criticisms of Obama. I give him credit for trying to be bi-partisan as I truly believe that it is not as easy as everyone thinks. Overall this book was not bad and a very quick read.
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