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Publisher's Summary

Based on 18 months of reporting, Woodward's 17th book The Price of Politics is an intimate, documented examination of how President Obama and the highest profile Republican and Democratic leaders in the United States Congress attempted to restore the American economy and improve the federal government's fiscal condition over three and one half years. Drawn from memos, contemporaneous meeting notes, emails, and in-depth interviews with the central players, The Price of Politics addresses the key issue of the presidential and congressional campaigns: the condition of the American economy and how and why we got there.
Providing verbatim, day-by-day, even hour-by-hour accounts, the book shows what really happened, what drove the debates, negotiations, and struggles that define, and will continue to define, the American future.
©2012 Bob Woodward (P)2012 Simon & Schuster
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Customer Reviews

Most Helpful
4 out of 5 stars
By Graham on 10-18-12

Making the Sausage

Even though this book is about as gripping as watching C-Span, I still rank it as one of my favorite reads because of how much it reveals not only about Washington politics, but the true depth of the US debt crisis. I have been reading other books such as The Real Crash by Peter Schiff and Endgame by John Mauldin that have been panned as being too alarmist and radical for suggesting the possibility of future weakness is the US government bond market. Bob Woodward's account reveals that by the end of the debt ceiling debate in 2011, Timothy Geithner was warning that we were literally hours away from a market panic, followed by the failure of a US bond auction that would set off a worldwide financial meltdown and a depression that would be worse than in the 1930's and the effect would resonate for generations. The deal that finally averted this disaster resolved nothing and simply kicked the can down the road until after the election. Round two is known as the fiscal cliff.

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7 of 7 people found this review helpful

5 out of 5 stars
By J. Schaffer on 10-08-12

Fantastic book

If you could sum up The Price of Politics in three words, what would they be?

Children run Washington

Any additional comments?

Shows that politics means more than the country in Washington - from both parties.

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6 of 6 people found this review helpful

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