Stimulus Package 2009 Breakdown Spending

President obama has signed into law an economic stimulus package that covers 2009 and 2010.

Stimulus package 2009 breakdown spending. By way of comparison the major financial crisis spending package the american recovery and reinvestment act of 2009 clocked in around 800 billion. Announcing more than 2 trillion in new spending as democrats pursue far left proposals before the final vote in the house of representatives. The fiscal year 2009 budget describes federal government revenue and spending for october 1 2008 through september 30 2009.

The stimulus plan which costs 787 billion over two years is more than 700 pages long. The legislation offers a wide range of help both for individuals and for struggling elements of the economy from mass. Congress and signed into law by president barack obama in february 2009.

111 5 text nicknamed the recovery act was a stimulus package enacted by the 111th u s. The bush administration submitted it to congress in february 2008 right on schedule but congress stated it was dead on arrival. Breaking down the 900b stimulus package and 1 4t omnibus bill.

Read the full list of unnecessary federal spending in the virus stimulus here posted by hannity staff 3 26 20 the senate unveiled a bipartisan coronavirus relief package wednesday. The american recovery and reinvestment act of 2009 arra pub l. The stimulus was successful in 2009 gdp.

That s a big improvement over the first quarter s 6 7 drop and the second quarter s 0 7. Ndrc unveiled a breakdown see chart below of the revised stimulus package spending during a news conference on march 6. The administration is looking for.

In a 2009 report the cbo projected arra would stimulate gross domestic product by 1 4 to 3 8 for the fourth quarter in 2009. 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 economy grew 1 7 in the third quarter and 3 8 in the fourth quarter.