ON-Lion Letter
During his first nine months in office, President Barack Obama pursued the most-aggressive government expansionist agenda since Franklin D. Roosevelt's New Deal was launched in 1933.  So far, we have seen multitrillion-dollar bailouts in the housing, banking, insurance, and auto industries, an $800 billion stimulus plan, and more.

None of this has worked, as Stephen Moore explains in his new Encounter Broadside, How Barack Obama is Bankrupting the U.S. Economy.  Six months after the stimulus program began, unemployment was at 9.4 percent and two million more Americans were jobless.  The debt has exploded like a cork from a bottle of champagne.

In the Broadside, Moore tells this rotten story of Washington arrogance and malfeasance and reveals exactly why Obamanomics failed.

Moore is an editorial-board member of and senior economics writer for The Wall Street Journal.  He is a regular commentator on Fox News and CNBC.

Encounter Broadsides will be a series of chapbooks from Encounter Books that aim to combine an 18th Century sense of political urgency and rhetoric with 21st Century technology and channels of distribution.  It will feature prominent writers on a variety of topical issues in essays of 5,000 to 8,000 words -- long enough to elaborate a case, short enough to be read in a sitting.

Encounter Books is an activity of Encounter for Culture and Education, a nonprofit group that is substantially supported by The Lynde and Harry Bradley Foundation in Milwaukee.
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