Why didn't Americans get stimulus money?

Answer 1

Two stimulus bills were passed. One created the TARP (Troubled Asset Relief Program) under the Bush administration, to rescue financial and housing markets.

The other, the Recovery and Reinvestment Act, passed by the Obama administration, included several forms of economic stimulus.

This included:

- Injection of funds into state and local governments

- Capital for projects which create jobs

- Funding for infrastructure and transportation (which creates jobs)

- Tax refunds: about $250 for American families

You might not have noticed this money, as it did not come as a check in the mail. Instead, a few less dollars were removed from your income taxes on each paycheck. This is better for the economy because people are more likely to spend money which is distributed in this manner.