Publication Date: April 15th 2010 For media inquiries contact Elliott Bent: 802.

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A Presidency in Peril
The Inside Story of Obama’s Promise, Wall Street’s Power, and the Struggle to Control our Economic Future

Robert Kuttner
$25.00 US • Hardcover ISBN 9781603582704 6 x 9 • 336 pages

Pub Date: April 15th 2010

A must-read for the Obama team and its supporters as well as its critics. Kuttner provides the definitive progressive critique of the Obama presidency and charts a way forward—and a way out of the mess we are in. —Joseph Stiglitz, Nobel Prize-winning economist and author of Freefall: America, Free Markets, and the Sinking of the World Economy

Can Barack Obama redeem his presidency? Throughout his first year, Obama dismayed many of his most fervent supporters by failing to make a Roosevelt-scale break with the old economic order that brought the economy to crisis. He sought common ground with Republicans who were determined to destroy him. He gave priority to Wall Street over Main Street. The far right began to appropriate the populist anger. In this definitive account of Obama’s first 14 months, best selling author and economic critic Robert Kuttner tells the story of why Obama did not rise to the occasion in 2009, how he filled his administration with the same financial elites that produced the collapse—and how Obama can still redeem his presidency and the promise of a new progressive era. As Kuttner explains, the wake-up call after the Massachusetts senate election and Obama’s belated leadership on health reform are just the beginning of a long road back to the hopes that Obama kindled as a candidate. Kuttner concludes by reporting on the interplay of progressive activism on the ground and presidential leadership in the White House.

In A Presidency in Peril, Robert Kuttner explores how and why Candidate Obama’s audacity of hope morphed into President Obama’s timidity of governing--from his deferential treatment of Wall Street to his misguided attachment to the fantasy of bipartisanship. But Kuttner goes beyond criticism and offers sharp, practical ideas on how Obama can still redeem the promise of his administration and break the chokehold special interests have on our politics. —Arianna Huffington, cofounder and Editor-in-Chief of The Huffington Post

Robert Kuttner, author of the most prescient political book of the year, Obama’s Challenge:

America’s Economic Crisis and the Power of a Transformative Presidency, is cofounder and coeditor of The Presidency American Prospect magazine, as well as a Distinguished Senior Fellow of the think tank Demos. He was a longtime columnist for BusinessWeek, and continues to write columns in the Boston Globe. BusinessWeek

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