Economic Stimulus Act Of 2008 Pros And Cons

How it works or fails the pros and cons of six different approaches to perking up a slowing economy.

Economic stimulus act of 2008 pros and cons. To compare the emergency economic stabilization act of 2008 which authorized the treasury secretary to create the 700 billion troubled asset relief program tarp and the 840 billion stimulus package under the american recovery and reinvestment act of 2009 cost a combined roughly 1 5 trillion. Government rubber stamped a bill which sends the americans stimulus check payments in order to. 179 expense would be zero because of the phaseout.

The 2006 housing market slowdown had affected the economy. He wanted the 168 billion economic stimulus package to prevent a looming recession. By rick newman staff writer jan.

Bush signed the economic stimulus act of 2008 on february 13 2008. The placed in service amount of 750 000 would reduce the otherwise allowable expense of 128 000 to zero 750 000 exceeds the prior 2008 maximum of 510 000 by 240 000. If the stimulus works to shock the u s.

Updated november 25 2020. If the stimulus provision were not in place the 2008 sec.