What is it?
American Recovery and Reinvestment 2009 a.k.a The Recovery Act, was created to save and create jobs immediately, to respond the Great Depression.
What is the aftermath of this action?
In Feb 2014, more than 1.6million jobs were saved or created.
How much money was injected into the Economic?
Around 800 billion.
Objective
To reinvest into economic, create jobs or save them , new infrastructure, better health care, bring USA out of the recession period, cut tax, give people money to spend.
Did it work out?
Yes and No. Today, we can see some recovery in the economic of USA thanks to this massive programme, however people are spending less now because they fear that they may be some decline, and the government spending is not proportional to the size or seriousness of the problems.
American Recovery and Reinvestment 2009 a.k.a The Recovery Act, was created to save and create jobs immediately, to respond the Great Depression.
What is the aftermath of this action?
In Feb 2014, more than 1.6million jobs were saved or created.
How much money was injected into the Economic?
Around 800 billion.
Objective
To reinvest into economic, create jobs or save them , new infrastructure, better health care, bring USA out of the recession period, cut tax, give people money to spend.
Did it work out?
Yes and No. Today, we can see some recovery in the economic of USA thanks to this massive programme, however people are spending less now because they fear that they may be some decline, and the government spending is not proportional to the size or seriousness of the problems.
Multiplier Estimation - http://www.heritage.org/research/reports/2013/08/keynesian-economics-local-multiplier-estimates-economic-downturns-and-fiscal-stimulus