Obama's economy : recovery for the few / Jack Rasmus.

Format:

Book

Author/Creator:

Rasmus, Jack.

Language:

English

Subjects (All):

Economic development--United States.

Economic development.

United States--Economic policy--21st century.

United States.

Obama, Barack.

Physical Description:

1 online resource (216 p.)

Edition:

1st ed.

Place of Publication:

London : Pluto Press ; New York : Distributed in the United States exclusively by Palgrave Macmillan, 2012.

Language Note:

English

Summary:

Three years after his election, Barack Obama presides over a deep economic malaise. Radical economist Jack Rasmus shows how the Obama administration has failed to deliver economic recovery and social justice and puts forward alternative proposals which could realise these goals. Whilst corporate profits are up, economic hardship is the bitter reality for millions of US citizens. Rasmus argues that the weakest economic recovery since 1947 is the direct result of the Obama administration's failure to take decisive action. From Obama's presidential election to the passage of his 2012 budget, this book explains how the US economy got where it is today and why the risk of a 'double dip' recession is rising.In a crucial election year, Obama's Economy will be vital reading for students of US politics and economics, and all those looking for a way out of the current crisis of capitalism.

Contents:

Introduction : a systemic crisis of recovery : the wasted $12 trillion

The weakest, most lopsided recovery : who recovered, who didn't, and why

From tax cuts to tactical populism : Obama's 2008 campaign promises

Obama's jobless-homeless stimulus : the first economic recovery program (2009)

A record short, faltering recovery : the first economic relapse of 2010

How more is less of the same : the second economic recovery program (2010)

Historical parallels and the 2010 midterm elections : Obama as Franklin Roosevelt or Jimmy Carter?

Deficit cutting on the road to double dip : economic recovery policy in reverse

Sliding toward global depression? The second economic relapse of 2011

From failed recovery to austerity recession : the third economic recovery program (2011)

An alternative program for economic recovery : fundamentals of economic restructuring for the twenty-first century.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Includes bibliographical references (p. 189-200) and index.

ISBN:

9781849646956

1849646953

9781849646949

1849646945