Richard Parker is Lecturer in Public Policy and Senior Fellow of the Shorenstein Center at Harvard. His most recent book is John Kenneth Galbraith: His Life, His Politics, His Economics. (March 2009)

Government Beyond Obama?

Barack Obama meeting with representatives of the United Auto Workers at a Mitsubishi factory in Bloomington, Illinois, during his campaign for the US Senate, May 2004
Jeff Madrick’s The Case for Big Government arrives when one might imagine that Wall Street has made the case quite persuasively on its own. By mid-February, the Federal Reserve’s once-gargantuan $29 billion rescue of Bear Stearns had been dwarfed not just by the government’s hotly debated $700 billion “bailout bill” …