USA HISTORY

Detailed explanation-1: -The American Recovery and Reinvestment Act (Recovery Act)-signed into law seven years ago on February 17, 2009-made over $48 billion in job-creating investments in transportation infrastructure, a significant down payment toward revitalizing our transportation system.

Detailed explanation-2: -The American Recovery and Reinvestment Act of 2009 (Recovery Act)-which President Obama signed into law on February 17th, 2009-was an unprecedented action to stimulate the economy. It included measures to modernize our nation’s energy and communication infrastructure and enhance energy independence.

Detailed explanation-3: -This analysis indicates that the ARRA and other policy actions caused employment in August to be slightly more than 1 million jobs higher than it otherwise would have been. We estimate that the Act has had particularly strong effects in manufacturing, construction, retail trade, and temporary employment services.

Detailed explanation-4: -Estimates of the Effects of the American Recovery and Reinvestment Act. Support programs for low-income households and infrastructure spending were highly expansionary, while grants to states for education do not appear to have created many additional jobs.

Detailed explanation-5: -The American Recovery and Reinvestment Act (ARRA) of 2009, which is commonly known as the “stimulus, ” was aimed at: reducing unemployment by increasing total expenditures.