Synopses & Reviews
In a riveting account based on new documents and interviews with more than 400 sources on both sides of the aisle, award-winning reporter Michael Grunwald reveals the vivid story behind President Obamaand#8217;s $800 billion stimulus bill, one of the most important and least understood pieces of legislation in the history of the country. Grunwaldand#8217;s meticulous reporting shows how the stimulus, though reviled on the right and the left, helped prevent a depression while jump-starting the presidentand#8217;s agenda for lasting change. As ambitious and far-reaching as FDRand#8217;s New Deal, the Recovery Act is a down payment on the nationand#8217;s economic and environmental future, the purest distillation of change in the Obama era. andlt;BRandgt;andlt;BRandgt;The stimulus has launched a transition to a clean-energy economy, doubled our renewable power, and financed unprecedented investments in energy efficiency, a smarter grid, electric cars, advanced biofuels, and green manufacturing. It is computerizing Americaand#8217;s pen-and-paper medical system. Its Race to the Top is the boldest education reform in U.S. history. It has put in place the biggest middle-class tax cuts in a generation, the largest research investments ever, and the most extensive infrastructure investments since Eisenhowerand#8217;s interstate highway system. It includes the largest expansion of antipoverty programs since the Great Society, lifting millions of Americans above the poverty line, reducing homelessness, and modernizing unemployment insurance. Like the first New Deal, Obamaand#8217;s stimulus has created legacies that last: the worldand#8217;s largest wind and solar projects, a new battery industry, a fledgling high-speed rail network, and the worldand#8217;s highest-speed Internet network. andlt;BRandgt;andlt;BRandgt;Michael Grunwald goes behind the scenesand#8212;sitting in on cabinet meetings, as well as recounting the secret strategy sessions where Republicans devised their resistance to Obamaand#8212;to show how the stimulus was born, how it fueled a resurgence on the right, and how it is changing America. andlt;Iandgt;The New New Deal andlt;/Iandgt;shatters the conventional Washington narrative and it will redefine the way Obamaand#8217;s first term is perceived.
"The Recovery Act of 2009 was a piece of legislation carefully and quickly designed to bring the economy back from the brink of a depression. As Time magazine senior correspondent Grunwald (The Swamp) argues, it did just that while simultaneously fulfilling many of President Obama's most important campaign promises, including unprecedented investment in energy, education, and green jobs. However, despite its achievements, the legislation has invited fierce and fiery critiques from both left- and right-leaning politicians and remains largely misunderstood by the American public. Grunwald carefully documents the Recovery Act's achievements and successes while elegantly explaining how they have been hopelessly overshadowed by the Obama administration's communication failures, an uncompromising Republican minority, and the rise of Tea Party firebrands who successfully transformed economic positions widely accepted on both sides of the aisle for decades into political poison. Mammoth in scope, the book covers everything from a late-night meeting that ran over onto the Chicago El train to stimulus-funded biofuel plants that produce algae-infused chocolate ice cream (and jet fuel). Throughout, Grunwald keeps his tone snappy and readable, while consistently grounding the political story of the Recovery Act in its real impact on everyday Americans. The result is an impressive book about the startling gap between facts and media spin. Agent: Andrew Wylie, the Wylie Agency." Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
The New, New Deal is a riveting story about change in the Obama era—and an essential handbook for voters who want the truth about the president, his record, and his enemies.
Time senior correspondent Michael Grunwald tells the secret history of the stimulus bill, the purest distillation of Change We Can Believe In, a microcosm of Obama’s policy successes and political failures. Though it is reviled by the right and rejected by the left, it really is a new New Deal, larger than FDR’s and just as transformative. It prevented an imminent depression, while jump-starting Obama’s long-term agenda.
The stimulus is pouring $90 billion into clean energy, reinventing the way America is powered and fueled; it includes unprecedented investments in renewables, efficiency, electric cars, a smarter grid, cleaner coal, and more. It’s carrying health care into the digital era. Its Race to the Top initiative may be the boldest education reform in U.S. history. It produced the biggest middle-class tax cuts in a generation, a broadband initiative reminiscent of rural electrification, and an overhaul of the New Deal’s unemployment insurance system. It’s revamping the way government addresses homelessness, fixes infrastructure, and spends money.
Grunwald reveals how Republicans have obscured these achievements through obstruction and distortion. The stimulus launched a genuine national comeback. It also saved millions of jobs, while creating legacies that could rival the Hoover Dam: the world’s largest wind farm, a new U.S. battery industry, a new high-speed rail network, the world’s highest-speed Internet network.
Its main legacy, like the New Deal’s, will be change.
About the Author
andlt;bandgt;Michael Grunwaldandlt;/bandgt;, a andlt;iandgt;Time andlt;/iandgt;senior correspondent, has won the George Polk Award for national reporting, the Worth Bingham Award for investigative reporting, and many other prizes. andlt;iandgt;The Washington Postandlt;/iandgt; called the first book, andlt;iandgt;The Swampandlt;/iandgt;, andldquo;a brilliant work of research and reportage.andrdquo; He lives in Florida.