Anonymous ID: 0edad3 July 28, 2019, 6:45 p.m. No.7236119   🗄️.is 🔗kun

>>7235735 pb

>>7235931 pb

 

Hmm wonder what really happened to the 831 billion? HMMMM

 

The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub.L. 111–5), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the ARRA's primary objective was to save existing jobs and create new ones as soon as possible. Other objectives were to provide temporary relief programs for those most affected by the recession and invest in infrastructure, education, health, and renewable energy.

 

The approximate cost of the economic stimulus package was estimated to be $787 billion at the time of passage, later revised to $831 billion between 2009 and 2019.The ARRA's rationale was based on the Keynesian economic theory that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration.

 

Surveys of economists show overwhelming agreement that the stimulus reduced unemployment. In a 2014 IGM Forum survey, only one economist disagreed that the stimulus had lowered unemployment. The survey also showed majority support for the notion that the benefits of the stimulus outweighed the costs, with only two economists disagreeing.

 

The politics around the stimulus was very contentious. On the right, it spurred the Tea Party movement and may have contributed to Republicans winning the House in the 2010 midterms. Not a single Republican member of the House voted for the stimulus Only three Republican Senators voted for it. On the left, there were criticisms that the stimulus was watered down and did not do enough. Economist Paul Krugman argued that the stimulus was far smaller than the economic crisis warranted.

 

Both the House and the Senate versions of the bills were primarily written by Democratic Congressional committee leaders and their staffs. Because work on the bills started before President Obama officially took office on January 20, 2009, top aides to President-Elect Obama held multiple meetings with committee leaders and staffers. On January 10, 2009, President-Elect Obama's administration released a report that provided a preliminary analysis of the impact to jobs of some of the prototypical recovery packages that were being considered.

 

Composition of the Act:

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.

 

https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009

Anonymous ID: 0edad3 July 28, 2019, 7:08 p.m. No.7236481   🗄️.is 🔗kun   >>6609 >>6657

Obama says,,,President Donald Trump as wielding 'racism, sexism, homophobia and xenophobia.

 

Umm no he is not, the only one wielding them and using them is democrats.

 

Barack Obama shares op-ed signed by 149 black members of his administration calling President Trump 'un-American' and criticizing him for the 'poisoning of our democracy'

Former President Barack Obama has seemingly signaled he agrees with 149 of his former staffers, all African American, denouncing Trump's 'racism'

The staffers published an op-ed speaking out against 'the poisoning of our democracy' in The Washington Post on Friday in response to Trump tweets

Trump wrote that four progressive women of color in Congress should 'go back and help fix the totally broken and crime infested places from which they came'

Obama tweeted a link to his former staffers' op-ed on Saturday and wrote , 'I’m proud of how they’re continuing to fight for an America that’s better'

 

Former President Barack Obama tweeted a link to a scathing op-ed denouncing current President Donald Trump as wielding 'racism, sexism, homophobia and xenophobia.'

Under the headline, 'We are African Americans, we are patriots, and we refuse to sit idly by,' 149 African American members of the Obama administration proclaimed that they 'refuse to sit idly by' during 'the poisoning of our democracy,' and Obama seemingly signaled his agreement.

The op-ed, published on Friday by The Washington Post, was written in response to Trump writing that four progressive women of color currently serving in Congress - three of whom were born in the US - should 'go back and help fix the totally broken and crime infested places from which they came,' a phrase which many have likened to the racist trope, 'go back where you came from.'

Sharing the link to the story, Obama tweeted on Saturday: 'I’ve always been proud of what this team accomplished during my administration. But more than what we did, I’m proud of how they’re continuing to fight for an America that’s better.'

 

https://www.dailymail.co.uk/news/article-7294565/Barack-Obama-tweets-op-ed-members-administration-criticizing-President-Trump.html