Examples of American Recovery and Reinvestment Act in the following topics:
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- The American Recovery and Reinvestment Act of 2009 (ARRA) was drafted in response to the Great Recession, primarily in order to create jobs.
- The American Recovery and Reinvestment Act of 2009 (ARRA), otherwise known as the Stimulus or The Recovery Act, was an economic stimulus package was signed into law on February 17, 2009.
- The Act included direct spending in infrastructure, education, health, and energy, federal tax incentives, and expansion of unemployment benefits and other social welfare provisions.
- One of the primary purposes and promises of the Act was to launch a large number projects to stimulate the economy.
- Tax incentives — includes $15 B for Infrastructure and Science, $61 B for Protecting the Vulnerable, $25 B for Education and Training and $22 B for Energy, so total funds are $126 B for Infrastructure and Science, $142 B for Protecting the Vulnerable, $78 B for Education and Training, and $65 B for Energy.State and Local Fiscal Relief — Prevents state and local cuts to health and education programs and state and local tax increases.
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- A recent fiscal policy initiative in the United Sates was the American Recovery and Reinvestment Act of 2009, which was aimed at stimulating economic activity through various channels, such as job creation and federal tax credits.
- Keynesian economics suggests that increasing government spending and decreasing tax rates are the best ways to stimulate aggregate demand, and decreasing spending and increasing taxes after the economic boom begins.
- Austrians say that Fiscal Stimulus, such as investing in roads and bridges, does not create economic growth or recovery, pointing to the case that unemployment rates don't decrease because of fiscal stimulus spending, and that it only puts more debt burden on the economy.
- Many times, they point to the American Recovery and Reinvestment Act of 2009 as an example.
- Consequently, exports decrease, and imports increase.
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- On February 17, 2009, Obama signed the American Recovery and Reinvestment Act (ARRA) of 2009, a $787 billion economic stimulus package aimed at helping the economy recover from the deepening worldwide recession.
- The act includes increased federal spending for health care, infrastructure, and education.
- Through the act, the Obama administration pumped almost $800 billion into the economy to stimulate economic growth and job creation.
- On August 2, 2011, after a lengthy congressional debate over whether to raise the nation's debt limit, Obama signed the bipartisan Budget Control Act of 2011.
- To achieve their goals, protesters acted on consensus-based decisions made in general assemblies which emphasized direct action over petitioning authorities for redress.
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- The objective of economic recovery when in crisis is to stabilize the economy and recapture the value lost using economic stimulus strategies.
- Addressing these economic ramifications to induce recovery has been the focal point of global governments and global agencies such as the International Monetary Fund (IMF).
- One of the key components to the crisis recover in the United States is an act called the American Recovery and Reinvestment Act of 2009 (ARRA), put into place by the Obama administration just as the first days of his term were beginning.
- This act has seen substantial debate, both positively and negatively, as to the efficacy and overall implementation of the program.
- This graphic demonstrates the different silos receiving government aid within the domestic economy, as a direct result of the American Recover and Reinvestment Act (ARRA).
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- The main policies that contributed to this economic prosperity were a large unified market, a supportive political-legal system, vast areas of highly productive farmlands, vast natural resources (especially timber, coal, iron, and oil) , and an entrepreneurial spirit and commitment to investing in material and human capital.
- The most serious began with the collapse of housing bubbles in California and Florida, along with the collapse of housing prices and the construction industry.
- By late 2008, distress was spreading beyond the financial and housing sectors.
- President Barack Obama signed the American Recovery and Reinvestment Act of 2009 in February 2009; the bill provides 787 billion in stimulus through a combination of spending and tax cuts.
- Cuts to the military and defense spending have been threatened, and this economic crisis will undoubtedly take a toll on the United State's position as a global superpower.
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- Barack Obama is the first African-American president of the United States, as well as the first to be born in Hawaii.
- The 2011 budget includes a three-year freeze on discretionary spending, proposes several program cancellations, and raises taxes on high income earners to bring down deficits during the economic recovery.
- Immediately following the bill's passage, the House voted in favor of a reconciliation measure to make significant changes and corrections to the Patient Protection and Affordable Care Act, which was passed by both houses with two minor alterations on March 25, 2010, and signed into law on March 30, 2010.
- The goals of this Act (which came to be know as Obamacare) were to provide all Americans with access to affordable health insurance, to require that everyone in the United States had some form of health insurance, and to lower the costs of healthcare.
- On December 22, 2010, Obama signed the Don't Ask, Don't Tell Repeal Act.
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- Despite economic growth in the 1990s and steadily increasing productivity, wages had remained largely flat relative to inflation since the end of the 1970s; despite the mild recovery, they remained so.
- In the U.S., Congress passed the American Recovery and Reinvestment Act of 2009.
- Members of Congress agreed to use $700 billion in federal funds to bail out the troubled institutions, and Congress subsequently passed the Emergency Economic Stabilization Act, creating the Troubled Asset Relief Program (TARP).
- International trade slowed, hurting many American businesses.
- During the last four months of 2008, one million American workers lost their jobs, and during 2009, another three million found themselves out of work.
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- Many business leaders and conservative politicians expressed strong opposition to the New Deal's programs and reforms that aimed at industrial recovery.
- The National Industrial Recovery Act (NIRA), signed into law in June 1933, proposed comprehensive reforms to boost industrial recovery.
- The Court ruled that the Act delegated legislative powers to the executive and regulated commerce that was not interstate in character.
- In the aftermath of NIRA's failure, the 1935 National Labor Relations Act (NLRA; known also as the Wagner Act) was passed.
- Contrast opposition to the National Industrial Recovery Act with opposition to the National Labor Relations Act
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- The New Deal embraced the existing racial and gender inequalities and offered limited opportunities to African Americans and women.
- The 1933 National Recovery Administration, the main First New Deal agency responsible for industrial recovery, had hardly anything to offer to African Americans as National Industrial Recovery Act's (NIRA) provisions covered the industries, from which black workers were usually excluded.
- This stipulation affected many Americans but no other group more than African Americans and particularly African American women.
- The Bankhead–Jones Farm Tenant Act of 1937 provided affordable loans to tenant farmers in order to purchase land but relatively few African Americans benefited from the Act's provisions.
- The 1933 National Industrial Recovery Act, the 1935
National Labor Relations Act, and the
1938 Fair Labor Standards Act all excluded agricultural and domestic workers.
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- At the beginning of the republic, for instance, statesman Alexander Hamilton advocated a protective tariff to encourage American industrial development -- advice the country largely followed.
- U.S. protectionism peaked in 1930 with the enactment of the Smoot-Hawley Act, which sharply increased U.S. tariffs.
- The act, which quickly led to foreign retaliation, contributed significantly to the economic crisis that gripped the United States and much of the world during the 1930s.
- Following World War II, many U.S. leaders argued that the domestic stability and continuing loyalty of U.S. allies would depend on their economic recovery.
- U.S. aid was important to this recovery, but these nations also needed export markets -- particularly the huge U.S. market -- in order to regain economic independence and achieve economic growth.