New Book Defends Barack Obama’s Stimulus

Michael Grunwald’s fascinating new book, The New New Deal, is bound to be a lasting word on Barack Obama’s presidency. It closely examines the early stimulus spending bill and argues that it, well, pretty much saved us from a free-falling depression. What we got instead, a Great Recession with endemic joblessness, was something to be grateful for. Sort of. That was never a message the American people were going to hear, much less love.

Read it and weep. The book itself is evidence of something amiss, as if the butler used a candlestick in the library as a silencing mechanism. This tells an engaging story we in the American public should already know, but believe me, this is indeed a new narrative of the massive domestic policy bill, the little known American Recovery and Reinvestment Act.

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