USA HISTORY

CONTEMPORARY AMERICA (1992 2013)

PRESIDENT BARACK OBAMA

[SOURCES]
During the Recession of 2009, Obama helped the economy by ____

(A) providing a bailout for car companies

(B) stimulating the economy with government loans to banks

(C) providing government money for jobs

(D) ** all of the above

EXPLANATIONS BELOW

Concept note-1: -On February 17, 2009, Obama signed into law the American Recovery and Reinvestment Act of 2009, a $831 billion economic stimulus package aimed at helping the economy recover from the deepening worldwide recession.

Concept note-2: -He took steps to create jobs, rescue the auto industry, and rebuild the economy on a new foundation for growth and prosperity.

Concept note-3: -The recession resulted from a combination of tax cuts, spending increases, and the devastating effects of a banking crisis in the subprime mortgage market.