'Everything People Think They Know About The Stimulus Is Wrong'

'Everything People Think They Know About The Stimulus Is Wrong'
NEW YORK, NY - SEPTEMBER 11: President Barack Obama leaves the stage after speaking during the tenth anniversary ceremonies of the September 11, 2001 terrorist attacks at the World Trade Center site, September 11, 2011 in New York City. New York City and the nation are commemorating the tenth anniversary of the terrorist attacks which resulted in the deaths of nearly 3,000 people after two hijacked planes crashed into the World Trade Center, one into the Pentagon in Arlington, Virginia and one crash landed in Shanksville, Pennsylvania. (Photo by Noah K. Murray-Pool/Getty Images)
NEW YORK, NY - SEPTEMBER 11: President Barack Obama leaves the stage after speaking during the tenth anniversary ceremonies of the September 11, 2001 terrorist attacks at the World Trade Center site, September 11, 2011 in New York City. New York City and the nation are commemorating the tenth anniversary of the terrorist attacks which resulted in the deaths of nearly 3,000 people after two hijacked planes crashed into the World Trade Center, one into the Pentagon in Arlington, Virginia and one crash landed in Shanksville, Pennsylvania. (Photo by Noah K. Murray-Pool/Getty Images)

Michael Grunwald is a national correspondent for Time Magazine and author of “The New New Deal: The Hidden Story of Change in the Obama Era,” a reported history of the stimulus. We spoke last week. A lightly edited transcript of our conversation follows.

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