Many critics however contend that the American Recovery and Reinvestment Act of 2009 were not...

Question

Many critics however contend that the American Recovery and Reinvestment Act of 2009 were not effective at all except too much budget deficit. But majority economists considered this stimulus package of $862 billion as too small to have a quick recovery. Do you think a second stimulus package is necessary to have a recovery faster in order to get out of this great recession? Hint: As part of your answer, you may include all pros and cons you might think of in supporting your answer.

Robert · Accepted Answer

Many critics however contend that the American Recovery and Reinvestment Act of 2009 were not effective at all except too much budget deficit. But majority economists considered this stimulus package of $862 billion as too small to have a quick recovery. Do you think a second stimulus package is necessary to have a recovery faster in order to get out of this great recession? Hint: As part of your answer, you may include all pros and cons you might think of in supporting your answer.
In 2009, President Obama pushed his massive fiscal stimulus package of $862 under the American Recovery and Reinvestment Act of 2009, which entailed use of these stimulus funds in repairing and building infrastructure in transportation, healthcare, science and technology, and education.

Many critics however contend that the American Recovery and Reinvestment Act of 2009 were not effective at all except too much budget deficit. But majority economists considered this stimulus package...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment