Obama's Economy Recovery for the Few

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 administrations 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.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.

Jack Rasmus is a Professor of Economics at St Mary's College and Santa Clara University in California. He is the author of Epic Recession (Pluto Press, 2010). He has been a business economist, market analyst and vice-president of the National Writers Union.

Introductory Chapter: The Dangerous Dual Trend
Chapter 1: Obama’s First Recovery Program (2008)
Chapter 2: Obama’s Second Recovery Program (2009)
Chapter 3: The 1st Economic Relapse of Summer 2010
Chapter 4: Obama’s Third Recovery Program (2010)
Chapter 5: Midterm Elections & Corporate-Conservative Reactions
Chapter 6: Crisis within the Crisis I: Jobs & Alternative Solutions
Chapter 7: Crisis within the Crisis II: Housing & Alternative Solutions
Chapter 8: Crisis within the Crisis III: Fiscal Crisis of State and Local
                    Government & Alternative Solutions
Chapter 9: The 2nd Economic Relapse of 2011
Chapter 10: Deficit Cutting on the Road to Double Dip Recession
Chapter 11: The Intensifying Economic Class War in the USA and
                      Longer Term Proposals for Fundamental Restructuring
                      of the US Economy             
Appendix: A Concise Summary of the Alternative Recovery Program