Pros And Cons Of The American Recovery And Re-Investment Act Of 2009

The American recovery and re-investment act of 2009 is often referred to as “The Stimulus” and was signed into law on February 17, 2009, by President Barack Obama. The act was in response to the great recession of 2008 and had immediate goals of creating jobs and adding a higher level of job availability. The act totaled nearly 890$ billion dollars total and key factors of this act include education, health, energy, spending in infrastructure federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. Further looking art the key factors of the act we notice that a high amount had been invested into infrastructure on important matters such as transportation, water, communications and energy locals.

Advantages of this act are the enactment of the Health Information Technology for Economic and Clinical Health Act which totaled a health care spending of 155$ billion. Another advantage is the aid to low income workers as well as the unemployed. A total of $ 82.2 billion had been spent in this sector which covered unemployment benefits and children in schools dealing with low income situations. This also offered aid to food banks, training in careers and to create jobs for the unemployed,
The act was in response to the great recession of 2008 and had immediate goals of creating jobs and adding a higher level of job availability. The act totaled nearly 890$ billion dollars total and key factors of this act include education, health, energy, spending in infrastructure federal tax incentives, and expansion of unemployment benefits and other social welfare provisions. Further looking art the key factors of the act we notice that a high amount had been invested into infrastructure on important matters such as transportation, water, communications and energy