Economic Stimulus Package 2008

He wanted the 168 billion economic stimulus package to prevent a looming recession.

Economic stimulus package 2008. The white house announced that he plans to sign it wednesday correct. House of representatives on january 29 2008 and in a slightly different version by the u s. Updated november 25 2020.

Economy gets big stimulus boost u s. The economic stimulus package of 2008 was an ambitious bill passed by the united states congress in an attempt to address the faltering american economy. The stimulus payments will go out through the late spring and summer.

The vast majority of americans who qualify for an economic stimulus payment will not. The stimulus package was passed by the u s. Business provisions of the economic stimulus act of 2008 pages 1 2.

Gross domestic product grew by 3 3 in the second quarter much more than previously stated. 110 185 text 122 stat. The economic stimulus act of 2008 pub l.

The 2008 09 chinese economic stimulus plan is a rmb 4 trillion stimulus package announced by the state council of the people s republic of china on 9 november 2008 as an attempt to minimize the impact of the global financial crisis on the economy. The economic stimulus plan was seen as a success and while china s economic. Facts about the 2008 stimulus payments fs 2008 15 february 2008 starting in may the treasury will begin sending economic stimulus payments to more than 130 million individuals.

The 2006 housing market slowdown had affected the economy. The goal of the package was to stimulate consumer spending and encourage businesses to expand hopefully creating more jobs and further jump starting the economy. Accessed october 7 2020.