Obama's Large Stimulus Package

Obama's Large Stimulus Package
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub. L. 111-5 (text) (PDF)), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save existing jobs and create new ones as soon as ...
Obama's economy stimulus package was passed in February 2009 as the American Recovery and Reinvestment Act. Learn how it worked and whom it benefited.
Feb 4, 2026
The costly $787 billion spending bill that President Barack Obama signed into law soon after taking office boosted the economy and helped avoid another Great Depression, the White House said in a ...
P resident Barack Obama signed H.R. 1, the American Recovery and Reinvestment Act (ARRA) of 2009, into law on February 17, 2009, as P.L. 111-5 (123 Stat. 115-521). This report provides a summary and legislative history of ARRA and identifies other resources that provide additional information regarding its content and implementation. Background For well over a year, the economy of the United ...
The Recovery Act President Obama took office in the middle of the worst economic crisis since the Great Depression, at a time the economy was losing over 700,000 jobs a month and in the midst of what we now know was the worst 6-month period for GDP growth in over 60 years. To respond to the crisis, the President took immediate, bold, and effective action, signing the American Recovery and ...
Nov 1, 2025
5 days ago
Mar 15, 2025
Jan 27, 2009
Obama and U.S. congressional leaders, mainly from the Democratic Party, crafted an economic stimulus package to confront the crisis.

An economic stimulus package refers to a set of measures implemented by the government to boost the economy during periods of recession or economic stagnation. These packages typically involve increased government spending and tax cuts aimed at stimulating demand, creating jobs, and fostering economic growth. Various forms of stimulus packages can address broad economic issues, such as ...
WASHINGTON -- President-elect Barack Obama's $825 billion plan to jump-start the economy and create or save up to 4 million jobs includes twice as much money for spending as for tax cuts, setting ...
The Germans were initially hesitant to pass a large stimulus bill; however, in 2009, the Germany passed a 50bn euro stimulus bill that focused on taxes, a child tax credit, and spending on transportation and education. [22] Prior to the 2009 stimulus, one of Germany's largest stimulus efforts had been a scrappage program.
Feb 17, 2009
About the Recovery Act Welcome to WhiteHouse.gov/Recovery - the place to follow America's recovery story. On February 17th, 2009, the President signed The American Recovery and Reinvestment Act, or Recovery Act, into law. This Act is an unprecedented effort to jumpstart our economy, save and create millions of jobs, and put a down payment on addressing long-neglected challenges so that our ...
The Obama administration says its 2009 stimulus package saved jobs and boosted growth, but Republicans and some economists worry it dampened consumer and business spending and added to long-term debt.
Gary Burtless says that President Obama's stimulus package, despite being received with hostility, deserves a great deal of credit for bringing the economy back on a positive trajectory.
THE STIMULUS ANNIVERSARY Five years ago today, President Barack Obama signed the American Recovery and Reinvestment Act into law. The $830 billion spending blowout was sold by the White House as a ...
On February 17, 2009, President Barack Obama signed into law one of the largest packages of tax cuts and spending measures in U.S. history.
In 2008, the American people turned to Barack Obama to lead the country through the worst economic crisis since the Great Depression. His North Star was to make the economy work for the middle class and for those fighting to join it. He took steps to create jobs, rescue the auto industry, and rebuild the economy on a new foundation for growth and prosperity.
New estimates from the Council of Economic Advisers (CEA) find that the President's Jobs Legislation Had a Substantial and Sustained Impact on the Economy The Recovery Act, by itself, saved or created about 6 million job-years, where a job-year is defined as one full-time job for one year. This translates to an average of 1.6 million jobs a year for four years through the end of 2012. This ...
The issue-plagued rollout of the CARES Act stimulus checks is finally approaching its end, and there's been ample talk about an alleged second round of payments, with President Donald Trump promising another will arrive in the coming weeks. However, it's not the first stimulus package passed in the U.S. in recent years, including one enacted by then-president Barack Obama in 2009.
President Barack Obama is pressing a $787 billion economic recovery package to restore growth and end a year-long U.S. recession despite Republican reservations about the balance of new spending ...
Feb 19, 2009
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 ...
The Economic Stimulus Act of 2008 (Pub. L. 110-185 (text) (PDF), 122 Stat. 613, enacted February 13, 2008) was an Act of Congress providing for several kinds of economic stimuli intended to boost the United States economy in 2008 and to avert a recession, or ameliorate economic conditions.
Jan 29, 2009
With more than $800 billion and economic growth at risk, the Obama administration placed its fiscal and political fortunes on the line with this high-stakes economic stimulus package.
Obama focused on the $787 billion stimulus plan, an ambitious package of federal spending and tax cuts designed to revive the economy and save millions of jobs.
President Obama's first term (2009-2013) included measures designed to address the Great Recession and subprime mortgage crisis, which began in 2007. These included a major stimulus package, banking regulation, and comprehensive healthcare reform.
The Obama administration correctly assumed it needed to keep the size of the stimulus package under $1 trillion. Malhotra and Margalit found that support among survey participants declined substantially — especially among Republicans and independents—when the cost was presented as $1 trillion versus $900 billion.
Sep 15, 2020
The American Recovery and Reinvestment Act of 2009 was a fiscal stimulus signed by President Barack Obama on February 17, 2009. 1  2  It ended the Great Recession in June 2009. 3  The act's goal was to put $787 billion into the pockets of American families and small businesses. 4  That would boost demand and instill confidence.
President Barack Obama on Tuesday signed a massive $787 billion package to revive the economy, saying the measure represented the "essential work of keeping the American dream alive in our time."
President Obama signed into law the $787 billion stimulus bill Congress passed last week at a signing ceremony today in Denver.
We find that countries that adopted larger fiscal stimulus packages have outperformed expectations relative to those adopting smaller packages. State fiscal relief was one of the ways in which the Recovery Act was able to provide support for the economy most quickly, and it played a critical role in helping states facing large budget shortfalls ...
Sober tone over victory Obama focused on the $787 billion stimulus plan, an ambitious package of federal spending and tax cuts designed to revive the economy and save millions of jobs.
As his first year in office comes to an end, President Obama has touted the benefits of the massive stimulus package he signed just weeks after being sworn in, and he called for additional spending in the coming months.
As a comparison, the Obama stimulus package that was passed in 2009 was about 4.5 per cent of G.D.P., or half as big. But that spending package was spread out over two years.
Includes updates and/or revisions. President Barack Obama today signed into law a $787 billion that would provide some $115 billion in aid to public education. The bill, crafted after days of ...
The economy and the labor market experienced long periods of stable growth during Barack Obama's presidency, laying the foundation to address remaining issues in the Trump administration.
Feb 17, 2009
Home Business Features Obama's stimulus succeeded — even if it was too small Five years later, Republicans are still determined to portray the stimulus as a failure. Enough!
President Barack Obama's $787 billion stimulus prevented another Great Depression while creating or preserving 2 million jobs, according to a White House report to be released on Wednesday.
Mr. Obama used the speech to tout the economic stimulus package that passed Congress and he signed last week. "Over the next two years, this plan will save or create 3.5 million jobs," Mr. Obama said.
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Jan 27, 2009
Oct 6, 2009
The RECORD President Obama on The Economy ECONOMIC RESCUE, RECOVERY, AND REBUILDING ON A NEW FOUNDATION In 2008, the American people turned to Barack Obama to lead the country through the worst economic crisis since the Great Depression. His North Star was to make the economy work for the middle class and for those fighting to join it.
This month marks the seven-year anniversary of the American Recovery and Reinvestment Act (Recovery Act). The President signed the Recovery Act into law on February 17, 2009—less than a month after taking office—as our economy teetered on the brink of a second Great Depression. In fact, by a number of measures, the economy was collapsing as fast or faster in late 2008 and early 2009 than ...
Feb 13, 2009
In September 2009, we reported on this page empirical research showing that the temporary tax rebates and transfer payments in the Bush and Obama administration's stimulus programs were ineffective. Here we consider new data on the impact of increases in government purchases, which were heralded as a major stimulating factor in the Obama package.
Jan 5, 2017
With Obama pressing forward another major round of stimulus, the real question is how much the president and his political posse have spent already, and which initiatives the allocated money ...
The Recovery Act provided more than $760 billion in fiscal support for the economy—part of a fiscal response to the crisis that totaled more than $1.4 trillion under the Obama Administration—through tax cuts for families and businesses; major investments in education, innovation, clean energy, transportation infrastructure, and broadband ...
The Success of Obama's Stimulus Program By Gary Burtless 07 ranks as the worst since World War II. It carved a huge slice out of Americans' financial wealth and caused the biggest percentage
The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111-5), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
When President Barack Obama entered office, he signed the American Recovery and Reinvestment Act (ARRA) of 2009 on February 17, 2009 in response to the Great Recession. The law aimed to save existing jobs, create new jobs, invest in infrastructure, education, health, renewable energy, and provide temporary relief programs for those most affected. The ARRA stimulus package boosted the economy ...
The Obama Stimulus Package Immediately after his election, Obama pushed hard to get Congress to pass a nearly $800 billion spending bill to stimulate the economy, which some claimed was mired in the worst recession since the Great Depression. While history will judge whether the recession was that severe, the rhetoric served to pass the bill.
President Barack Obama signed a $787 billion economic stimulus package on Tuesday as global markets plunged on fears that governments were doing too little, too late to fight the deepening recession.
Of this package, $20 billion would be used as a "down payment" for one of Obama's campaign pledges: a separate $50 billion program to modernize the nation's medical records, most of which ...
William Galston assesses President Obama's first two years in office and analyzes his policy accomplishments and significant political missteps. The White House and congressional leaders, he ...
The phrase did Obama ever give us a stimulus chick appears to be a play on words or a colloquial expression, likely referring to the economic stimulus measures implemented during President Barack Obama's administration, particularly in response to the 2008 financial crisis. The term stimulus chick seems to be a humorous or informal way of asking whether individuals received direct financial ...
Eight years ago, during the worst recession since the Great Depression, Congress passed and President Obama signed the American Recovery and Reinvestment Act. At a moment of economic peril, the ...
Feb 22, 2014
Jan 26, 2012
The U.S. Congress, handing President Barack Obama a major legislative victory, approved on Friday a $787 billion stimulus bill that aims to rush emergency government spending and tax cuts to a ...
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