The Price of Politics

The Price of Politics

Book - 2012
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Baker & Taylor
Traces the behind-the-scenes battle between President Barack Obama and Congress over the nation's economy.

Baker
& Taylor

A Pulitzer Prize-winning Washington Post journalist and author of All the President's Men traces the behind-the-scenes battle between President Barack Obama and Congress over the nation's economics. (This book was previously listed in Forecast.)

Simon and Schuster
The Price of Politics chronicles the inside story of how President Obama and the U.S. Congress tried, and failed, to restore the American economy and set it on a course to fiscal stability. It spans the three and a half tumultuous years beginning just before Obama’s inauguration in early 2009 and lasting through the summer of 2012.

Woodward pierces the secretive world of Washington policymaking once again, with a close-up story crafted from meeting notes, documents, working papers and interviews with key players, including President Obama and House Speaker John Boehner.

At the center of The Price of Politics is a high-stakes personal and political struggle between the president and the speaker. The Price of Politics takes the reader through the electric 44 days during the summer of 2011 with day-by-day, often hour-by-hour, accounts as the two attempt a “grand bargain” to cut entitlement spending and increase tax revenue.

As they struggled through the most intense moments of the crisis, each contended with powerful conflicts in his own party. At the prospect of serious budget cuts, Obama told Woodward, “Our friends on the left would howl and act as if we had dismantled the New Deal.” In the House, Boehner was looking over his shoulder, worrying that his second-in-command, Majority Leader Eric Cantor, was undermining him in concert with extreme conservative House members and others with ties to the anti-tax Tea Party. At the same time, Boehner described the president as “moaning and groaning and whining and demanding. Threatening. He was pretty desperate.”

The Price of Politics shows why the grand bargain was never reached, and how the president, the speaker and the Congress settled for stopgap measures that delayed any serious deficit reduction until 2013.

With extensive documentation and firsthand accounts, Woodward reveals how the broken relationship between the White House and Capitol Hill drove the U.S. economy to the edge of the fiscal cliff, where it remains.

Publisher: New York : Simon & Schuster, c2012
Edition: 1st Simon & Schuster hardcover ed
ISBN: 9781451651102
1451651104
Branch Call Number: 338.973 WOO
Characteristics: xvii, 428 p., [16] p. of plates :,ill., ports. ;,25 cm.

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b
bette108
Apr 24, 2015

probably a ripping good book for those awash in American politics. Interesting for others.

r
rpavlacic
Nov 04, 2014

Bob Woodward is far removed from the intrepid investigative reporter who helped bring down Richard Nixon in the 1970s. As usual with his more recent offerings, he offers insight into the tensions that go on behind the scenes of official Washington, but it is nothing of a smoking gun kind of story that he was once famous for. Still, this provides some information into how Barack Obama and John Boehner tried to enter into an uneasy alliance to stop the Tea Party which hoped to force the US into debt default in 2011. Not "All the President's Men" by any means.

l
louborn
Nov 09, 2012

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