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The 2009 stimulus package, officially known as the American Recovery and Reinvestment Act (ARRA), aimed to combat the severe economic downturn resulting from the 2008 financial crisis. Its primary purposes were to stimulate economic growth, save and create jobs, and foster investment in critical sectors, including infrastructure, education, and healthcare. The package allocated approximately $787 billion through tax cuts, direct spending, and social welfare programs to boost consumer demand and stabilize the economy. Ultimately, the goal was to revive the economy and mitigate the impacts of the recession on American households and businesses.

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3w ago

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Related Questions

When was Funk Man - The Stimulus Package - created?

Funk Man - The Stimulus Package - was created on 2009-04-07.


When was The Stimulus Package created?

The Stimulus Package was created on 2010-02-16.


Is stimulus plural or singular?

The noun stimulus is singular. The plural is stimuli - as in "The patient did not respond, even to repeated stimuli". Note that 'stimulus' is becoming increasingly used as an adjective - stimulus measures, a stimulus package - since the credit crunch of 2009.


How do you use the word stimulus in a sentence?

The stimulus package in the US has increased spending.


Do illegal immigrants receive part of the 2009 stimulus package?

The next stimulus package, which is only proposed and never mentions sending checks like the last one (and probably won't), would never apply to illegals anyway.


Is the stimulus bill the same as the American Recovery and Reinvestment Act of 2009?

yes the American recovery and reinvestment act (ARRA) is the same thing as the stimulus package. the (ARRA) is the real name.


What are the stimulus dollars going to?

www.recovery.gov will tell you everything about the spending of the stimulus package.


Is the 2008 dec stimulus package approved?

No


Will the stimulus package for MW2 be free on PC?

No it will not be.


What are the values implicit in the stimulus Package?

i don't have a clue


Is the stimulus package for MW2 still available?

yep


Do anybody receive a stimulus package from Obama?

First, a stimulus package is not a gift, like you would receive in the mail. It refers to financial assistance given by a president and a congress to help ("stimulate") the economy in a difficult time. Many presidents have done this. President Obama's stimulus package resulted in saving thousands of American jobs. And although some people believe it should have been bigger (and his political opponents claim it did not help at all), most economic experts from both parties agree that it did help to turn the economy around. I enclose a link that debunks the claim that the stimulus did not help anyone.