Stimulus Act Of 2009

Congress and signed into law by obama in february 2009 just weeks into his first term.

Stimulus act of 2009. 111 5 text nicknamed the recovery act was a stimulus package enacted by the 111th u s. Back then congress passed a stimulus package that cut taxes expanded unemployment support and more. Lawmakers crafted it in response to the great recession which erupted in the fall of 2008.

In 2009 road work projects funded by the recovery act were some of the most visible signs of the stimulus although they comprised only about 15 percent of the funds spent according to crfb. Developed in response to the great recession the primary objective of this federal statute was to save existing jobs and create new ones as soon as possible. The american recovery and reinvestment act of 2009 arra pub l.

The 2009 recovery act cost around 800. You can read the full version of the act here but be warned that. In 2009 like today the country faced economic peril.

In february of 2009 president obama signed the american recovery and reinvestment act of 2009 which included 787 billion of spending and tax cuts over ten years. Congress and signed into law by president barack obama in february 2009. The stimulus package is called the american recover and reinvestment act of 2009 and it was signed into law on february 17 2009.