You mean, in spite of everything we’ve heard, Obama actually DID GOOD? Amazing.
That’s what Michael Grunwald says in his book The New New Deal: The Hidden Story of Change in the Obama Era. He has meticulous, exhaustive data to back up his contention that the stimulus worked, a whole lot was accomplished, but nobody got the word out… and if he’s a voice crying in the wilderness about it at least his book is on the New York Times bestseller list (and in a recent, interesting editorial.)
Grunwald was at the Commonwealth Club a few nights ago, on a panel moderated by Climate One founder Greg Dalton and also including Managing Partner Nancy Pfund of DBL Investors. (Grunwald, in addition to his book-writing adventures, is Senior National Correspondent for Time Magazine.) The panel, titled the Green New Deal, was all about modernizing the electricity grid, cleaning up nuclear waste, improving energy efficiency here and there and saving clean tech jobs… just a few of the things Grunwald says we can thank the $800 billion stimulus bill for having accomplished.
Calling the stimulus “one of the most important and least understood pieces of legislation in the history of the country,” Grunwald says the bill that almost everyone loved to hate actually “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 American culture doesn’t allow for patience, it seems. We don’t listen to explanations of complex issues and we want what we want instantly. Thanks for reminding us of why we might want to think about what would have happened had Obama not been president.