October 19 notes

October 19 notes - Obama Stimulus Package American Recovery...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
Obama Stimulus Package •A m e r i c a n R e c o v e r y a n d R e i n v e s t m e n t A c t o f 2009 (ARRA) •P a s s e d b y C o n g r e s s o n F e b r u a r y 1 3 , 2 0 0 9 •S i g n e d i n t o l a w b y P r e s i d e n t O b a m a o n February 17, 2009 i z e o f t h e S t i m u l u s = $ 7 8 7 b i l l i o n •L a r g e s t F i s c a l S t i m u l u s i n U S H i s t o r y 1 5% o f G D P 2 §· ¨¸ ©¹
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Recommended Readings Listed on the Course Website •“ A R R A o f 2 0 0 9 W i k i p e d i a ( 1 0 / 1 1 ) E c o n o m i c I m p a c t o f A R R A C E A ( 7 / 1 1 ) E s t i m a t e d I m p a c t o f t h e A R R A o n E m p l o y m e n t and Economic Output”-- CBO (8/11)
Background image of page 2
“Happy Birthday ARRA: The ARRA One Year Later”—CRFB (2/10) • “Happy Second Birthday ARRA”—CRFB (2/11) Notation: ¾ CEA: Council of Economic Advisers ¾ CBO: Congressional Budget Office ¾ CRFB: Committee for a Responsible Federal Budget
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Obama Stimulus Package Objectives •P r e v e n t a V e r y S e r i o u s R e c e s s i o n from Occurring Initiate a Robust Recovery
Background image of page 4
State of the Economy: 2008-4th Quarter
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Real GDP Growth Quarterly Percentage Changes at an Annual Rate 2007-I through 2008-IV
Background image of page 6
Private Sector Employment September, 2007 through January, 2009 Monthly Changes in Thousands
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
The Worry with No Stimulus
Background image of page 8
The Goal of the Stimulus
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 27

October 19 notes - Obama Stimulus Package American Recovery...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online