Stimulus Package 2009 Results

It spent 120 billion in fiscal years 2008 and 2009.

Stimulus package 2009 results. It rebated taxes on the first 6 000 of income for individuals or the first 12 000 of income for couples. President elect joe biden has proposed another stimulus package. To keep the complexity of the eu side of the exercise manageable we only take into account the 13 largest economies in the eu that make up more than 90 percent of the eu s gdp plus the planned.

Biden s management of the stimulus was a disaster with a buggy website and failures like solyndra. So the stimulus the so called american recovery and reinvestment act of 2009 or arra is starting to wind down. Bush administration sent out stimulus checks to battle the 2008 recession.

But having the stimulus bill in hand allows him more discretion to address those. 02 13 2009 02 38 pm est. I m absolutely convinced and the vast majority of economists are convinced.

The issue plagued rollout of the cares act stimulus checks is finally approaching its end and there s been ample talk about an alleged second round of payments with president donald trump promising another will arrive in the coming weeks however it s not the first stimulus package passed in the u s. If you ask the obama administration economists are virtually united in thinking the 2009 stimulus package worked. Biden says he is not done.

What are the results. The american recovery and reinvestment act of 2009 arra pub l. That means the government will have spent nearly 6 trillion to stimulate the economy.

His package totals 1 9 trillion. 2008 stimulus checks. Stimulus checks were mailed out as follows.