He is in a no-lose situation... If it fails it will be the fault of the previous administration. If it succeeds he will take credit. He has already taken credit for a million jobs that were not lost?
American Recovery and Reinvestment Plan.
The term of stimulus package is often used in the US to describe a series of laws and regulations designed to create accelerate economic growth. Growth includes higher levels of industrial production and a lower rate of unemployment. There are various ways to stimulate growth in the US economy. Generally speaking, the US president will propose a stimulus package that reduces taxes both on business and on ordinary citizens. In order to add to the growth of US energy resources, the package may, for a period of time, reduce various regulations that allow for stronger economic expansion in oil drilling, coal production, and fracking for natural gas. The "package" will have a time limit and adjustments may be made if not enough growth is produced or unemployment is not lowered. The package is also designed to produce an increase in jobs. Stimulus packages come in many forms. The ones just described are common ones.
No
The first stimulus package in the United States in response to the COVID-19 pandemic was the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 27, 2020. This $2.2 trillion package aimed to provide immediate economic relief to individuals, businesses, and healthcare providers affected by the pandemic. Key provisions included direct cash payments to individuals, expanded unemployment benefits, and loans for small businesses. The CARES Act marked a significant federal response to the economic fallout from the pandemic.
i don't have a clue
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.
Not directly. Section 6428(e)(3)(A) of the Recovery Rebates and Economic Stimulus for the American People Act (H.R. 5140) signed by the president on February 13, 2008, specifically says nonresident aliens are not eligible to receive the economic stimulus payments.
The state's economic stimulus package was a bipartisan decision.
The state's economic stimulus package was a bipartisan decision.
American Recovery and Reinvestment Plan.
The Stimulus Package was created on 2010-02-16.
The stimulus package in the US has increased spending.
Obama was very popular during his first 100 days as president in 2009. He introduced an economic stimulus package, including the 'cash for clunkers' program.
Funk Man - The Stimulus Package - was created on 2009-04-07.
The term of stimulus package is often used in the US to describe a series of laws and regulations designed to create accelerate economic growth. Growth includes higher levels of industrial production and a lower rate of unemployment. There are various ways to stimulate growth in the US economy. Generally speaking, the US president will propose a stimulus package that reduces taxes both on business and on ordinary citizens. In order to add to the growth of US energy resources, the package may, for a period of time, reduce various regulations that allow for stronger economic expansion in oil drilling, coal production, and fracking for natural gas. The "package" will have a time limit and adjustments may be made if not enough growth is produced or unemployment is not lowered. The package is also designed to produce an increase in jobs. Stimulus packages come in many forms. The ones just described are common ones.
A stimulus package is a set of economic measures implemented by a government to boost economic activity during a downturn or recession. It typically includes a combination of tax cuts, increased government spending, and direct financial support to individuals and businesses. The goal is to enhance consumer spending, create jobs, and stimulate economic growth. Stimulus packages are often introduced in response to crises, such as financial recessions or significant economic disruptions.
www.recovery.gov will tell you everything about the spending of the stimulus package.