Was the 800 Billion Dollar Stimulus a good thing? This is a debate which has served as a lightening rod for both parties, and much of America since President Obama decided to inject the struggling economy with the largest bail out in the country’s history. Everybody has an opinion, but now Award Winning Journalist and TIME Magazine Senior National Correspondent attempts to answer the question with arguably the most in-depth and well researched book on the controversial subject ever written aptly titled “The New New Deal”. The book is magnificent. Here is a synopsis from Michael’s website:
“In a riveting account based on new documents and interviews with over 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 anti-poverty 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, 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.”
Here “The King Of Kamelot” sits down with the award winning journalist and bestselling author during his media blitz in NYC to talk to him about his new book, understanding if the bail out was a good thing, the long term effects of the stimulus package, why Republicans argue it’s not, and soo much more! Michael has done a tremendous job showing the ramifications on both sides of the stimulus package, and the publicity tactics that politicians use to make you believe what you may believe. Enjoy Kade Nation!