The Escape Artists

The Escape Artists

How Obama's Team Fumbled the Recovery

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DEEP INTO THE OBAMA PRESIDENCY, THE UNEMPLOYMENT RATE WAS PAINFULLY HIGH, THE GAP BETWEEN RICH AND POOR HAD WIDENED, AND THE STIMULUS HAD NOT DONE ENOUGH TO BRING JOBS BACK.

WHAT WENT WRONG?

FACING THE WORST ECONOMY SINCE THE 1930S, President Obama hired a crack team of escape artists: financial wizards who had pulled off numerous whiteknuckle getaways during the Clinton era. But this time, they fell far short. The Escape Artists reveals why.

Star White House journalist Noam Scheiber delivers a gripping narrative of the Obama presidency and the mistakes and missed opportunities that kept his pedigreed team from steering the economy in the right direction. With previously undisclosed internal documents and extensive, original reporting from the highest levels of the administration, Scheiber reveals how the very qualities that made these men and women escape artists in the 1990s ultimately failed them.
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  • Simon & Schuster | 
  • 368 pages | 
  • ISBN 9781439172414 | 
  • September 2012
List Price $16.00
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Video

Obama's Reliance on Clinton-Era Advisors

Noam Scheiber on Obama's reliance on Clinton era advisors to guide the economic rescue and recovery.

Read an Excerpt

PROLOGUE

Shortly after four o’clock on the afternoon of Wednesday, April 13, 2011, U.S. Treasury Secretary Tim Geithner walked down the hall from his office toward a large conference room facing the building’s interior. He was surrounded by a retinue of counselors and aides. When they arrived in the room—known around Treasury simply as “the large”—four people were seated at a long walnut table on the side near the door. Geithner and his entourage greeted them, then walked around to the far side and took their seats.

At first glance, Geithner gave the impression of the former Wall... see more

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