paperback
48 pages
ISBN: 1594034648
$5.99 List price
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During his first nine months in office, Barack Obama pursued the most aggressive government expansionist agenda since Franklin Roosevelt’s New Deal was launched in 1933. White House Chief of Staff Rahm Emanuel summarized Obama’s first-year game plan best, “An economic crisis is a terrible thing to waste.” So far, we have seen multi-trillion dollar bailouts in: housing, banking, insurance, auto industries, the stimulus plan, cap and trade, a $1.2 trillion health care bill, and of course, the $4 billion Cash for Clunkers program.
None of this has worked. Now, six months after the stimulus program began, we sit at 9.4% unemployment. Two million more Americans are jobless. The debt has exploded like a cork from a bottle of champagne. We are now told that the Obama agenda will cost $9 trillion in debt as it plans to spend $42 trillion over the next decade.
In this riveting broadside, Stephen Moore explains this rotten story of Washington arrogance and malfeasance, and reveals exactly why Obamanomics failed.
ENCOUNTER BROADSIDES: a new series of critical pamphlets from Encounter Books. Uniting an 18th-century sense of political urgency and rhetorical wit (think The Federalist Papers, Common Sense) with 21st-century technology and channels of distribution, Encounter Broadsides offer indispensable ammunition for intelligent debate on the critical issues of our time. Written with passion by some of our most authoritative authors, Encounter Broadsides make the case for liberty and the institutions of democratic capitalism at a time when they are under siege from the resurgence of collectivist sentiment. Read them in a sitting and come away knowing the best we can hope for and the worst we must fear.
