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The Bush Boom: How a Misunderestimated President Fixed a Broken Economy Paperback – October 25, 2003
- Print length144 pages
- LanguageEnglish
- PublisherAllegiance Press
- Publication dateOctober 25, 2003
- Dimensions6 x 0.25 x 8.75 inches
- ISBN-101594670870
- ISBN-13978-1594670879
Editorial Reviews
Review
People complain about information overload. The trick is to know what data to understand. Bowyer can help you do this. -- Brian S. Wesbury, Chief Economist for Griffin, Kubik, Stephens & Thompson, Inc.
Readers will have to re examine their own assumptions to contend with Bowyers mind-cleaning exercise. -- Reuven Brenner, Faculty of Management, McGill University, and author of The Force of Finance
Those who wish to debate economic policy on the basis of facts rather than opinion will find this book indispensable. -- Richard W. Rahn, Chairman of Novecon Financial and a senior fellow at the Discovery Institute
From the Publisher
About the Author
Product details
- Publisher : Allegiance Press (October 25, 2003)
- Language : English
- Paperback : 144 pages
- ISBN-10 : 1594670870
- ISBN-13 : 978-1594670879
- Item Weight : 8 ounces
- Dimensions : 6 x 0.25 x 8.75 inches
- Customer Reviews:
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Lets see what he says:
"Just like Reagan, when a Republican takes office after a democrat, they inherit a disastrous mess. Bush came into office in a recession, the stock market had fallen 50% the year before, the military was gutted, terrorists freely attacked US interests without a response from chicken little Clinton, and we were laughed at by dictators worldwide while Clinton armed our enemies. Bush, the only president in history with an MBA, (from the prestigious Yale no less)"
Man, clause by clause his review maybe better than the book! So you mean when Bush inherited a recession from Reagan that ousted him from the Presidency after a single term and called Reagan's policies "voodoo economics" that was Clinton's or some other Democrat's fault? Actually it was the Democratic Congress' fault. I forgot about them.
The stock market fell by 25% after two specific events that had nothing to do with Clinton but had everything to do Big Oil in the south, and lack of transparency in the government system. The Enron scandal (which is the real cause of the bankruptcy of California) and the November 2000 election. Recesssion only occurs after two consecutive quarters of contraction but Mr Flinn knows that...
When Clinton wanted to eliminate Milosevic with Ground troops and stop the Serb war, Repubs said "no" so he won the war without them and kept Nato and the peace of Europe from going up in flames (The cinders of Two World Wars originated in the Balkans) Add to that being under budget and without loss of life and the fact the we captured and are trying Milosevic means that Clinton was fairly successfull versus the Bin Laden/Hussein debacles.
I could go on except that its important to note that Bush went to Yale for undergrad and Harvard for his MBA yet wasnt admitted to UT Austin because he couldnt qualify... Clinton went to two schools (Gtown and Yale) of his own merit and is a Rhodes Scholar... So based on the facts and arguments Mr. Flinn presented we can all feel reassured that Republicans like Mr. Flinn do know whats best for America. If the book contains information such as that presented by mr. Flinn, it should not end up on your coffee table...........
Kudlow is weaselish and I've seen him squirm or shout out any person who begins to factually demolish his arguments on Kudlow and Cramer... I'll read this book in the store only...
In the Foreword, written by Lawrence Kudlow, after patting himself on the back for having "built a solid reputation as a forecaster", Kudlow writes something that eventually becomes a major theme of the book. He says, "[T]he trick is to choose the right data." And that technique is permeated throughout this book. Over and over again, Bowyers chooses the "right data", i.e. the data that supports his pre-drawn conclusion. Over and over again, data that does not support his conclusion is not included. Sometimes he highlights a market fluctuation over the short term to support his message while choosing to leave out the long term performance of the market which is more important.
The absolute most disgusting comment in this book is on page 60 where Bowyers writes, "Forget the deficit; focus on growth." He goes on to argue that Federal budget deficits do not adversely affect the economy. His point is that the past nearly three decades of budget deficits didn't seem to have hindered economic growth at all.
If you think about it, it makes sense. You tax less. People and businesses have more disposable income. It gives the appearance of prosperity. If used in moderation, this technique can be successful. The only problem is that if it's managed too irresponsibly and the debt accumulates too much, then you're going to have problems. We've got problems.
Since the 80s the Federal government has been running up budget deficits almost every year. We have gone from the world's largest creditor nation to the largest debtor nation. The national debt is over ten trillion dollars. And that only includes what's on the books. The government has been hiding the future obligations that we have to pay for Social Security and Medicare. The burden to pay for all this is almost overwhelming. This is a result of chumps like Bowyers saying to forget the deficit.
A lot of people have written some funny comments about this book. Things didn't turn out the way Bowyers had anticipated. This book makes him look utterly foolish. But it doesn't end there. People like Bowyers have been encouraging government officials to manage the nation's finances irresponsibly. Bowyers and others like him have been saying to forget the deficit. He and people like him are directly responsible for the bleak fiscal future of this nation. That's not funny.
UPDATE 2013: Jerry's latest book "The Free Market Capitalist's Survival Guide" makes a hilarious comment about "The Bush Boom". On the dust jacket of his latest book it reads, "This is his first book." HaHa! Jerry wants people to forget "The Bush Boom". I wish we could all forget it.
