Michael Grunwald, senior national correspondent for Time Magazine and the author of The New New Deal: The Hidden Story of Change in the Obama Era, writes in his new book about how the stimulus package was far more effective than acknowledged.
As President Obama campaigns for reelection, as he delivers speech after speech in swing states from Ohio to Florida, there's one word that’s completely off-limits. The word-which-must-not be named? "Stimulus."
For this week’s edition of The Big Picture, Michael Grunwald, Senior Correspondent for Time magazine, discusses the American Recovery and Reinvestment act of 2009—the stimulus bill—which Republicans have called 'too much government spending' and 'not enough' by many Democrats. He’ll explain what the stimulus bill called for, where funds have gone, and how effective it has been in boosting the economy and creating jobs.