State and Local Government

In: Social Issues

Submitted By dross57
Words 941
Pages 4
Dianna Ross
Political Science
March 23, 2014
Assignment II

Listen to the news with ears that are open only for the negative and one would come away from the conversation about the of 2009 wondering who in the heck is running the country.
Over the last five years I have heard many opinions on the American Recovery and Reinvestment Act of 2009 and the statement declaring the stimulus as one of the biggest mistakes made by President Obama is in my opinion an inaccurate one.
The Stimulus or The Recovery Act, was an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama.
To respond to the Great Recession, the primary objective was to save and create jobs almost immediately. Secondly to provide temporary relief programs for those most impacted by the recession and invest in infrastructure, education, health, and renewable energy. The cost of the stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019. The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. It also created the President's Economic Recovery Advisory Board.
The goal of the stimulus plan was not only to boost the economy but to increase confidence in and restore faith in the ability to grow the economy. The average citizen didn’t understand much of what was being done. We knew that something had to be done and it had to be done quickly.
I believe that the biggest challenge that the President faced was to create enough of a stimulus to help with the recession, but not be so big enough that it would increase the already huge U.S. Debt. From what I have read, the plan was blamed for doing both -- failing to…...

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