Tag Archives: American Recovery

Term paper: American Recovery and Reinvestment Act of 2009

One of the major responses of the new U.S. administration to the challenge of the economic crisis was a massive financial injection into the economy. February 17, 2009, the U.S. President Barack Obama signed the so-called the American Recovery and Reinvestment Act. This economic program was the biggest in the nation’s history, the record high Continue Reading

Essays: American Recovery and Reinvestment Act of 2009

Policy Analysis Comparing 2009 and 2010 data, we can conclude that though the negative processes in the U.S. economy did not stop, they slowed down a bit. For instance, the U.S. GDP grew by 4.7%, industrial output volumes increased. The analysis of Barack Obama’s anti-crisis program demonstrates that it was based on allocations to stimulate Continue Reading

Essays: American Recovery and Reinvestment Act of 2009

Impact on business and society Having analyzed Obama’s stimulus package, we can conclude that it has the following goals: creating new jobs and preserving old ones, supporting economic activity, ensuring maximum transparency of government operations. By mid-2010 over 379 billion dollars were spent, thereby creating a huge number of jobs (Howsen, & Lile, 2011). A Continue Reading

Essay: American Recovery and Reinvestment Act of 2009

The plan is a combination of two methods: tax cuts and massive public investment in the economy. The total cost of this project is $ 800-900 billion. The plan was approved by the House of Representatives, who agreed to allocate $ 819 billion. The Senate added $ 65 billion more to the plan. The authors Continue Reading

Term paper: American Recovery and Reinvestment Act of 2009

The global economic crisis which erupted in the U.S. in the area of mortgage lending gradually overcame all the economic borders. The overcoming the crisis and restoring of the U.S. economy became the major challenge for the Bush administration, and further for the administration of Barack Obama as the apogee of the crisis fell to Continue Reading