The New New Deal
The Hidden Story of Change in the Obama Era
By Michael Grunwald
(Simon & Schuster, Hardcover, 9781451642322, 528pp.)
Publication Date: August 14, 2012
Other Editions of This Title: Paperback
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 Obama’s $800 billion stimulus bill, one of the most important and least understood pieces of legislation in the history of the country. Grunwald’s meticulous reporting shows how the stimulus, though reviled on the right and the left, helped prevent a depression while jump-starting the president’s agenda for lasting change. As ambitious and far-reaching as FDR’s New Deal, the Recovery Act is a down payment on the nation’s economic and environmental future, the purest distillation of change in the Obama era.
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.
Michael Grunwald is a Time senior correspondent. He has won the George Polk Award for national reporting, the Worth Bingham Award for investigative reporting, and many other prizes. The Washington Post called his first book, The Swamp, “a brilliant work of research and reportage,” and The New York Times called him “a terrific writer.” He lives in Florida.
“The New New Deal is the most interesting book that has been published about the Obama administration."
"Exceptional...The single best book on the inner workings of the Obama administration. ... Grunwald points out how everything you think you know about the stimulus is wrong."
"The New New Deal is not only the best book about the administration and its challenges, but ... one of the two best books ever written about government."
"Grunwald peppers this Washington drama with dialogue and characters in action, which makes it a rollicking good read."
"Engrossing ... It is a full detailed, careful argument, based on detailed, careful reporting."
“Michael Grunwald is one of our generation's most original and tireless journalists—a reporter who is allergic to received wisdom, a writer with an uncommon talent for illuminating hidden truths. So it is a delight, but not a surprise, that The New New Deal demolishes cliches and vividly reframes our thinking about President Obama and his stimulus package through a gripping narrative."