One Of The Year's Deepest Books

The NEW New Deal: The Hidden Story of Change in the Obama Era,” by Michael Grunwald – TIME senior national correspondent, author of “The Swamp: The Everglades, Florida, and the Politics of Paradise,” and alumnus of WashPost and Boston Globe – out Aug. 14 from Simon & Schuster – Grunwald explains why little-covered policy choices embedded in the stimulus law will long outlast this presidency: The “notional package” that Jason Furman, now principal deputy director of the White House’s National Economic Council, outlined for his boss during the transition included the crucial line, “Stimulus as down payment on long-term goals.”