Money Well Spent?: The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History
The 2012 presidential campaign will, above all else, be a referendum on the Obama administration's handling of the financial crisis, recalling the period when Obama's "audacity of hope" met the austerity of reality. Central to this is the 'American Recovery and Reinvestment Act of 2009' — the largest economic recovery plan in American history. Senator Mitch McConnell gave a taste of the enormity of the money committed: if you had spent 1 million a day since Jesus was born, it still would not add up to the price tag of the stimulus package.

A nearly entirely partisan piece of legislation — Democrats voted for it, Republicans against — the story of how the bill was passed and, more importantly, how the money was spent and to what effect, is known barely at all. Stepping outside the political fray, ProPublica's Michael Grabell offers a perceptive, balanced, and dramatic story of what happened to the tax payers' money, pursuing the big question through behind-the-scenes interviews and on-the-ground reporting in more than a dozen states across the country.
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Money Well Spent?: The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History
The 2012 presidential campaign will, above all else, be a referendum on the Obama administration's handling of the financial crisis, recalling the period when Obama's "audacity of hope" met the austerity of reality. Central to this is the 'American Recovery and Reinvestment Act of 2009' — the largest economic recovery plan in American history. Senator Mitch McConnell gave a taste of the enormity of the money committed: if you had spent 1 million a day since Jesus was born, it still would not add up to the price tag of the stimulus package.

A nearly entirely partisan piece of legislation — Democrats voted for it, Republicans against — the story of how the bill was passed and, more importantly, how the money was spent and to what effect, is known barely at all. Stepping outside the political fray, ProPublica's Michael Grabell offers a perceptive, balanced, and dramatic story of what happened to the tax payers' money, pursuing the big question through behind-the-scenes interviews and on-the-ground reporting in more than a dozen states across the country.
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Money Well Spent?: The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History

Money Well Spent?: The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History

by Michael Grabell
Money Well Spent?: The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History

Money Well Spent?: The Truth Behind the Trillion-Dollar Stimulus, the Biggest Economic Recovery Plan in History

by Michael Grabell

Hardcover(Revised ed.)

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Overview

The 2012 presidential campaign will, above all else, be a referendum on the Obama administration's handling of the financial crisis, recalling the period when Obama's "audacity of hope" met the austerity of reality. Central to this is the 'American Recovery and Reinvestment Act of 2009' — the largest economic recovery plan in American history. Senator Mitch McConnell gave a taste of the enormity of the money committed: if you had spent 1 million a day since Jesus was born, it still would not add up to the price tag of the stimulus package.

A nearly entirely partisan piece of legislation — Democrats voted for it, Republicans against — the story of how the bill was passed and, more importantly, how the money was spent and to what effect, is known barely at all. Stepping outside the political fray, ProPublica's Michael Grabell offers a perceptive, balanced, and dramatic story of what happened to the tax payers' money, pursuing the big question through behind-the-scenes interviews and on-the-ground reporting in more than a dozen states across the country.

Product Details

ISBN-13: 9781610390095
Publisher: PublicAffairs
Publication date: 01/31/2012
Edition description: Revised ed.
Pages: 416
Product dimensions: 6.20(w) x 9.30(h) x 1.60(d)

About the Author

Michael Grabell has been a reporter at ProPublica since 2008, producing stories for USA Today, Salon, NPR, MSNBC.com and the CBS Evening News. Before joining ProPublica, he was a reporter at the Dallas Morning News. He has twice been a finalist for the Livingston Award for Young Journalists. He lives in New Jersey.

Table of Contents

Introduction ix

Part 1 Recession

1 File Your Unemployment Electronically 3

2 The Ditch 17

3 Let's Make a Deal 36

4 Follow the Money 61

5 No, Thank You 82

Part 2 Recovery?

6 Shovel-Ready 99

7 Recovery Inaction 119

8 One Man's Waste 140

9 Cash for Clunkers 160

10 Jobs, Jobs, Jobs 180

Part 3 Reinvestment

11 The Green Economy 209

12 "The Carrot That Feels Like a Stick" 239

13 The Shellacking 266

14 Connecting the Country 293

15 Sputnik Moment? 314

16 Magic Bullets 339

Notes 361

Credits 373

Acknowledgments 375

Index 377

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