Mr Grunwald s book does a meticulous job, casting much new light on the advance thinkingof Mr Obama s team, both before the election and, especially, during the long transition. Inthe last quarter of 2008, the final three months of the Bush era, the American economycontracted by an astonishing 8.9%. By early 2009 job losses hit 800,000 a month. The sizeof the policy response grew too. An early plan, calculated at $300 billion, grew, long beforeinauguration day, to around $800 billion. And that, as Mr Grunwald makes clear, was verymuch at the low end of what Mr Obama s economists thought was required.
格伦沃尔德的这本书做了细致入微的研究,让人们对当年选举前、特别是在漫长的过渡时期中的奥巴马团队先进思想有了更多的了解。在2008年最后一个季度,布什时代最后的三个月里,美国经济萎缩了8.9%,令人惊讶。截至2009年早期,失业人数达到每月80万人。政府也加大了应对政策的力度。早在奥巴马就职日之前,预估价值为3000亿美元的早期计划就提高到了约 8000亿美元。格伦沃尔德表明,甚至连这个数目都大大低于奥巴马经济学家的预期。
One thing that may surprise readers not fully acquainted with the grisly nature of politicalsausage-making is the degree of cynicism that surrounded the passing of the Recovery Act.It was naive of Mr Obama to expect the Republicans to play ball. But because he needed towin at least a couple of their votes in the Senate to break the threat of a filibuster, he triedhard to court them. Mr Grunwald lays out in shocking detail how the Republican leadershipdecided early and wholeheartedly not to co-operate with the new president. So deep wastheir opposition that they even opposed things that they supposedly supported, such as theRecovery Act s deep tax cuts and its emphasis on infrastructure.
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