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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 America'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 Eisenhower'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, Obama's stimulus has created legacies that last: the world's largest wind and solar projects, a new battery industry, a fledgling high-speed rail network, and the world's highest-speed Internet network.
Michael Grunwald goes behind the scenes--sitting in on cabinet meetings, as well as recounting the secret strategy sessions where Republicans devised their resistance to Obama--to show how the stimulus was born, how it fueled a resurgence on the right, and how it is changing America. "The New New Deal "shatters the conventional Washington narrative and it will redefine the way Obama's first term is perceived.
- ISBN-13: 9781451642322
- ISBN-10: 1451642326
- Publisher: Simon & Schuster
- Publish Date: August 2012
- Page Count: 518
Publishers Weekly® Reviews
- Reviewed in: Publishers Weekly, page .
- Review Date: 2012-06-25
- Reviewer: Staff
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. (Aug.)