CONTEMPORARY AMERICA 1992 2013
PRESIDENT BARACK OBAMA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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During the Recession of 2009, Obama helped the economy by ____
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providing a bailout for car companies
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stimulating the economy with government loans to banks
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providing government money for jobs
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all of the above
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Explanation:
Detailed explanation-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.
Detailed explanation-2: -He took steps to create jobs, rescue the auto industry, and rebuild the economy on a new foundation for growth and prosperity.
Detailed explanation-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.
There is 1 question to complete.