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Item#: C7539
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"Obamanomics": How Big Business and Big Government are colluding to enrich and empower each other -- at your expense
PRE-PUBLICATION OFFER: Order now, and we'll ship your book on November 23rd -- a week before the publisher's release date
Obamanomics: How Barack Obama Is Bankrupting You And Enriching His Wall Street Friends, Corporate Lobbyists, And Union Bosses
by Tim Carney
During his campaign, Barack Obama repeatedly promised to defend the
little guy against the evils of corporate America. But the reality is
precisely the opposite: President Obama's policies are spelling gargantuan
profits for the biggest and most well-connected businesses -- at the
expense of their competitors, small businesses, consumers and taxpayers.
Now, in Obamanomics: How Barack Obama Is Bankrupting You And Enriching His
Wall Street Friends, Corporate Lobbyists, And Union Bosses, investigative
reporter Tim Carney reveals how Obama's dramatic shift towards big
government is yielding huge benefits for big business and their lobbyists
-- and losses for average Americans.
(continued from above)
Carney, the lobbying editor at the Washington Examiner and former
protégé of the late Robert Novak, has scoured lobbying records, campaign
contributions, and legislative language to dig up the hard facts -- and
those paint a stark picture of what he calls "corporatism in a populist
disguise" ("Obamanomics" for short). Obama's healthcare reform, stimulus
spending, global warming legislation, and auto industry bailouts, he
demonstrates, are in fact ambitious packages of regulations, taxes,
mandates, and spending that benefit politically powerful corporations by
driving business their way and crowding out their competition. Among the
chief beneficiaries are the big energy companies, the big Wall Street
banks, the big health insurers, the big drug companies, the big labor
unions, and even the big tobacco companies -- along with politicians, who
gain more power, and lobbyists, who gain more influence. The victims are
small businesses crushed by regulations and taxes; taxpayers—especially
future taxpayers who will be burdened by the debt financing today’s
spending sprees; and consumers, who face higher prices and fewer choices.
"In brief," writes Carney, "Obamanomics boils down to this: Every
time government gets bigger, somebody's getting rich. This book names the
names."
In Obamanomics, Tim Carney reveals:
- "The Big Myth" that Big Business and Big Government are rivals -- and
how it allows Democrats to reward corporate interests to a degree the
GOP could never get away with
- The "Four Laws of Obamanomics" -- and the lobbying strategies that
exploit these laws
- Election 2008 -- a triumph for Big Business: How Obama's campaign
received far more money from the most entrenched special interests than
McCain's -- and once Obama won, he assembled a team peppered with
masters of the "revolving door" between corporate America and government
- Stimulating K Street: Why lobbyists described Obama's $787 billion
stimulus package -- the largest spending bill in history -- as
"everything we've been asking for for years, all in one package." Who
got what, and how much -- and what this will cost future taxpayers
- How Obamanomics shifts economic power from consumers, workers, and
investors to politicians and bureaucrats -- and that's good news for
lobbyists
- ObamaCare: "reform" that Big Insurance, Big Pharma and Big Hospital
Chains can believe in. How it will increase their profits far beyond
anything the free market ever would allow -- at the expense of patients
and taxpayers
- Obama's favors to Big Pharma: they went way beyond the pay-offs to get
them on board for "reform" -- and included helping the industry tear
down Bush-era pro-life regulations limiting federal funding of embryo
research
- "Green" is the color of money: How climate change legislation has
resulted in a special-interest porkfest -- and a climate bill Obama's
own budget director earlier said was "the largest corporate welfare
program that has ever been enacted in the history of the United States"
- Grand Theft Auto: How the federal takeover of GM and Chrysler was a
perfect storm of liberal corporate welfare, combining favors to the
unions that funded Democrats with protectionism -- while fleecing
taxpayers, driving up costs, and depriving consumers of choice
- What's Good for Wall Street: How Obamanomics has been a boon to big
banks and financial firms -- and even Obama's promises to rein in Wall
Street through regulation end up taking the form of helping the Street's
fat cats, at the expense of ordinary investors and taxpayers
- Obama to Main Street: "Drop Dead" -- how Obamanomics is taxing and
regulating small business out of business. The lesson: be Big or go
home
- Obamanomics and GE: Why it's not a stretch to call the corporate
behemoth and its media affiliate, NBC, the for-profit arm of the Obama
administration
Solution? Carney's answer is different from the answer good-
government liberals or out-of-power Republicans are giving today. Carney
concludes that because quid-pro-quos and crony capitalism are so powerful
in Washington, the only way to get rid of corruption and boondoggles in
the high places, is to get rid of the high places. Getting government out
of our lives is the only way to take the country back from the new robber
barons.
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