The New New Deal (85 page)

spending cuts in,
295
–96,
433

see also
high-speed rail

Treasury bonds, falling rates of,
70

Treasury Department, U.S.,
54
–55,
60
,
99
,
101

threatened default of,
419
–20

Triana, Bob,
313

trickle-down economy,
52
,
54
,
74

Tropos Networks,
315

Troubled Asset Relief Program (TARP),
71
–73,
75
,
81
,
92
,
109
,
111
,
116
,
117
,
149
,
150
,
194
,
210
,
213
,
215
,
240
,
281
,
297
,
346

TRT-909 (Track Renewal Train; yellow beast),
412
–13

Trump, Donald,
422

Turanchik, Ed “Choo Choo,”
329
–30

24M,
362
,
375

Tyson, Laura,
78

Ugly Mug,
6

“Undercounting Concerns Stimulus Investigators,”
321

unemployment:

counterfactual problem in,
294

drop in,
423

failure of Recovery Act to prevent,
8
,
14
,
425
–29

GOP argument on,
428

as Obama’s number one problem,
421

rate,
8
,
52
,
56
,
69
,
157
,
227
,
234
,
293
–95,
336
–39,
341
,
342
,
390
,
393
,
410
,
416
,
421

in Recovery Act,
94

rising,
68
,
292
–94

Romer-Bernstein forecast of,
157
–60,
293
–94,
325
,
423
,
426
,
476

underestimation of,
8
,
15
,
331
,
426

unemployment benefits,
62
,
63
,
82
,
106
,
185
,
403
,
421
,
425
,
433
,
435
,
491

unemployment insurance,
11
,
169
–70,
187
,
287
,
344
,
403
–4

Unilever,
367

unions,
50
,
54
,
118
,
120
,
195
,
225

teachers,
49
,
326
,
395

in weatherization,
306

United Airlines,
366

universal health care (Obamacare),
11
,
18
,
233
,
291
,
292
,
295
–96,
335
,
343
,
346
,
348
,
422
,
423
,
430
,
433
,
443
,
454

Obama’s accomplishments in,
349

Obama’s shift from economy to,
333
,
382
–83

as public relations failure,
299
–300

Upton, Fred,
195
,
240
–41,
437
,
439

UQM Technologies,
380

USA Today
,
321
,
322

USEC,
387

U.S. High-Speed and Intercity Passenger Rail Association (USHSR),
354

van Ark, Roelof,
411
,
412

Van Hollen, Chris,
200
–201

“vast right-wing conspiracy,”
183

Vaswani, Raj,
312
,
315

Veterans Administration,
172

Virgin Green Fund,
272

Visco, Steve,
378

Voinovich, George,
19
,
149
,
208
–9,
221
,
345
,
475

volcano monitoring,
278
–79

Volker, Paul,
102
,
114

vote pairing,
210
,
225
,
481
–82

Wagle, Sanjay,
266
,
324

“walk back” strategy,
189
–90

Walker, Scott,
392
,
400
,
407
–8

“Wall of Shame,”
321

Wall Street,
56

bailout of,
12
,
71
–73,
281

crisis,
68
,
71
–73,
75
,
91

Main Street and,
54
–55,
68
,
71
,
73
,
116

oversight of,
51
,
240
,
246
,
392

Wall Street Journal
,
30
,
62
,
91
,
98
,
102
,
105
,
150
,
235

Warner, John,
481

Washington Post
,
9
,
54
,
64
,
66
,
70
,
76
,
80
,
101
,
106
,
203
,
221
,
324
,
426
,
449

Washington Times
,
76
,
183

waste-to-fuel biorefining,
367
–69

water management,
170
–71,
478

Watson (computer),
442

wave disk engine,
377

Waxman, Henry,
130
,
167

“We Are One People” speech (Obama),
33

weatherization, low-income,
40
,
95
,
164
,
166
,
270
,
323
,
341
,
370
,
435
,
445

Beck’s attack on,
315
–17

bureaucratic folly of,
305
–11

impossible goal of,
305

welfare-to-work project,
332

Wellinghoff, Jon,
313

WellPoint,
442

Werfel, Danny,
396

Westly, Steve,
385

“What You Might Not Know About the Recovery” (Biden),
301

Williams, Peter,
368

Wilson, Joe “You lie!,”
247
,
282
,
320

wind power,
26
,
39
,
40
,
41
,
43
,
165
–66,
240
,
311
,
372
,
373
,
376
,
383
,
388
,
405
,
435
,
441
,
447

Wolfson, Jonathan,
365
–66,
368

Woolard, John,
373

Workforce Innovation Fund,
446

World War II, economy salvaged by,
14
,
37
,
192

Wurzelbacher, Samuel J.,
74

Yellen, Janet,
84

Yes We Can,
2
,
4
,
37
–38,
84
,
393
,
451

Young, Don,
56

“Young Guns,”
142
,
202

Zandi, Mark,
62
,
69
,
157
,
297
–98

Zichal, Heather,
164
,
166
,
414
,
436

Zoi, Cathy,
266
,
307
–8,
310
,
316
–17,
370

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Copyright © 2012 by Michael Grunwald

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Library of Congress Cataloging-in-Publication Data

Grunwald, Michael.

The new New Deal : the hidden story of change in the Obama era / by Michael Grunwald.

p. cm.

Includes bibliographical references and index.

1. United States—Politics and government—2009– 2. United States—Economic conditions—2009– 3. United States—Economic policy—2009–4. Obama, Barack. I. Title.

E907.G78 2012

973.932092—dc23

2012016458

ISBN 978-1-4516-4232-2

ISBN 978-1-4516-4234-6 (ebook)