Government policy and the Obama administration are driving the American economy straight toward catastrophe. Now, two respected economists-one a Republican, one a Democrat-explain why these policies are so dangerous and offer a bipartisan, common-sense blueprint for reversing America's economic decline.
Glenn Hubbard and Peter Navarro explain why sustained growth is the only long-term solution, outline the elements of a vibrant economy, and explain why current policies are failing on every level. They reveal how we can finally restore the critical U.S. manufacturing base...return to our tradition of sound money...transform tax policy into an engine of growth and innovation...save Social Security and Medicare with "tough love"...use market-based solutions to achieve real energy independence...reform antique financial regulations without making matters worse...and balance our burgeoning budget deficits with strong economic growth rather than through punitive taxation.
Whatever your politics, if you're frightened about the future, you should be. This book shows how we can grab the steering wheel, veer away from the cliff, and build a brighter economic future for everyone.
* Short-term stimulus, long-term disaster
Why massive federal spending and ultra-easy money policies spell long-term disaster
* Planting the new seeds of growth and innovation
How to restore America to the path of long-term prosperity
* Addressing the structural imbalances destroying the U.S. economy
Re-igniting the #1 driver of growth: business investment
