*The New New Deal*

That is the new book about ARRA and fiscal stimulus, by Michael Grunwald, available here with the subtitle The Hidden Story of Change in the Obama Era.  Excerpt:

…it was an astonishingly big bill,  In constant dollars, it was more than 50 percent bigger than the entire New Deal, twice as big as the Louisiana Purchase and Marshall Plan combined.  As multibillion-dollar items were being erased and inserted with casual keystrokes, Obama aides who had served under President Bill Clinton occasionally paused to recall their futile push for a mere $19 billion stimulus that seemed impossibly huge in 1993, or their vicious internal battles over a few million bucks for beloved programs that suddenly seemed too trivial to discuss.

Critics of ARRA will not agree with everything in this book, but putting mood affiliation aside for a moment, the writing, research, and conception of the work are all excellent.


Comments for this post are closed