In 2014 the Russell Sage Foundation completed a major initiative to assess the effects of the Great Recession on the economic, political, and social life of the country. Officially over in 2009, the Great Recession is now generally acknowledged to be the most devastating global economic crisis since the Great Depression. Prolonged economic stagnation is likely to transform American institutions and severely erode the life chances of many Americans.

With the support of the Foundation, political scientists Theda Skocpol (Harvard University) and Lawrence Jacobs (University of Minnesota) formed a working group to track the course and fate of Obama's efforts to reorient domestic policy during 2009 and 2010. Members traced developments in eight specific policy areas: health reform, financial regulation, energy and climate change, tax policy, higher education funding, primary and secondary school reform, immigration policy, and labor law reform.