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During the 2008 presidential campaign, Barack Obama promised "a net spending cut" to make government smaller in order to reduce the deficit. But this huge increase in government spending and debt, and the resulting prospect of higher taxes, will make America a poorer country. Are Americans happier because the government has determined where this money should be spent? According to John Lott and Americans for Tax Reform President Grover Norquist, the answer is no, and in Debacle: Obama′s War on Jobs and Growth and What We Can Do Now to Regain Our Future they explain why.
Obama′s economic policies have raised unemployment, slowed economic growth, dramatically raised the national debt, squandered taxpayer money through poor investments, and damaged the housing market. The book explains why Obama′s policies on spending, taxes, and regulation have all worked to harm the recovery, increase unemployment, and depress housing prices.
Arguing that the policies of the Obama administration have created widespread economic chaos, Debacle is a bleak look at American finance from Grover Norquist.
"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
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