《New Book Condition + Reveals Obama Administration Progressive Aspects Of The $800 Billion Stimulus Bill》Michael Grunwald - THE NEW DEAL : The Hidden Story of Change in the Obama Era
This New York Times bestseller in paperback edition is a bran-new book and nicely wrapped with protective book-wrapper. The original new book is sold at usual price RM65.87. Now here Only at RM18. The New New Deal: The Hidden Story of Change in the Obama Era is a 2012 book about the Obama administration and its response to the world financial crisis written by journalist Michael Grunwald. He describes the discussions and debates that led to the government's anti-recession measures such as the American Recovery and Reinvestment Act of 2009 (ARRA). Taking a positive review of the President's efforts, Grunwald defends the economic measures as full of important, long-term investments while charging Republican Party opponents as being hypocritical and self-serving. The New New Deal is a riveting story about change in the Obama era—an essential handbook for citizens who want the truth about the president, his record, and his enemies. Drawing on new documents and interviews with more than 400 sources, award-winning reporter Michael Grunwald reveals the vivid story behind one of the most important and least understood laws in U.S. history, President Obama’s $800 billion stimulus. Grunwald’s New York Times bestseller shows how the politically disastrous stimulus was a real new New Deal, preventing a depression while jumpstarting the president’s ambitious agenda for lasting change. It launched America’s transition to a clean-energy economy, established the boldest education reform in U.S. history, overhauled the nation’s antipoverty programs, and funded the most extensive infrastructure investments since Eisenhower’s interstate highway system. This is the definitive account not only of a transformative law, but of a transformative president’s first term. Grunwald describes the goals of the Obama administration as finding a "direction, not a destination." Thus, he details the debates and discussions behind anti-recession measures as about "metamorphosis" as well as fiscal stimulus. President Obama took office in January 2009, Grunwald writes, and enacted a "down payment on long-term goals" in the short political time space that Obama had, using Obama's "one shot to spend boatloads of money pursuing his vision." As Grunwald states, the American Recovery and Reinvestment Act of 2009 (ARRA) took shape based on a conscious desire to recreate the public works projects undertaken by President Franklin D. Roosevelt. In addition, he writes about how Obama, in a particular contrast to Roosevelt, actively participated in the transition between his team and the George W. Bush administration. The new President, as he details, publicly supported the past Troubled Asset Relief Program as well as measures to assist the beleaguered U.S. auto industry. Grunwald also notes Obama’s choice of Rahm Emanuel as White House Chief of Staff as a prime example of Obama's effort to create a revamped version of Bill Clinton's insider policy team, with their Keynesian macro-economic view represented. Grunwald details how one administration adviser described the process as "[s]omeone would make a single phone call, and suddenly it’s, 'All righty. Put a billion dollars over there'." Grunwald negatively portrays the objections of Republicans to the government spending increases as seizing an opportunity to oppose the new President. He argues that they opposed even things that they supposedly called for in the past, such as tax cuts, by refusing to co-operate at all, with Grunwald charging that Republicans knew they could portray themselves positively on the side of fiscal restraint should the economy falter further. Ultimately, Grunwald accounts how Obama's $787 billion stimulus package amounted to about 4% of America’s GDP while, during the Great Depression, the biggest stimulus in any year amounted to just about 1.5% of GDP. The President's early, pre-inauguration plan, at $300 billion, increased given the particularly frustrating unemployment situation. Early 2009 data had presented losses of around 800,000 a month. He writes that critics of ARRA correctly view it as using economic tools to alter American society, implementing particular school reforms, measures supporting low-carbon energy, health care regulations, and the like all in ways that shift more control to the executive branch and away from state and local governments. He quotes economist Larry Summers' observation that governments inherently make bad venture capitalists. However, Grunwald defends this overlying Obama policy as a set of bold investments, especially in regards to spending on untested new technologies, that will set up large future gains. Michael Grunwald goes behind the scenes—sitting in on cabinet meetings, as well as 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. About the Author Michael Grunwald, a Time senior correspondent, has won the George Polk Award for national reporting, the Worth Bingham Award for investigative reporting, and many other prizes. The Washington Post called the first book, The Swamp, “a brilliant work of research and reportage.” He lives in Florida.
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