American Recovery and Reinvestment Act

by | Apr 26, 2022 | Other

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The “Great Recession” began in December 2007 and ended June 2009. It was the worst economic decline since the “Great Depression” (1929-1939). The president along with congress can use fiscal policy to reverse an economic downturn. That consists of changes to government spending and/or marginal tax rates. In February 2009, as a remedy, President Obama signed into law the American Recovery and Reinvestment Act. Explain what this $787 Billion stimulus package consisted of and give an informed opinion as to whether it achieved its desired goal. In other words, did it work? Do the research then write your response. Be sure to cite your sources.

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