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Michael Grunwald’s ‘New New Deal’ reveals story behind Obama’s economic stimulus

Simon & Schuster Publishing
Simon & Schuster Publishing

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As the Democratic National Party prepares to once again officially name Barack Obama as its nominee for president of the United States, Americans on both ends of the political spectrum are voicing their opinions of Obama’s performance over the last four years in office. What defines a presidency in the context of history? President Franklin D. Roosevelt’s New Deal fundamentally shaped his era as Commander in Chief, but it remains to be seen what the first African-American president’s legacy will be. One defining endeavor is most certainly the $800 billion dollar American Recovery and Reinvestment Act signed into law by President Obama on February 17, 2009. Journalist Michael Grunwald, in his book “The New New Deal,” examines the stimulus which he says was as ambitious as FDR’s New Deal and also the most extensive infrastructure investment since President Eisenhower’s interstate highway system.


How do you think the economic stimulus implemented by the Obama administration will be remembered in the long run? Did it truly help prevent a depression?


Michael Grunwald, author, “The New New Deal: The Hidden Story of Change in the Obama Era”