American Recovery Reinvestment

On November 4, 2008, candidate Barack Obama was elected for the first term of his presidency. The following February, The American Recovery and Reinvestment Act of 2009—or the ARRA—was signed into effect by congress, and made into law by President Obama on February 17, 2009. This stimulus package was originally proposed to be 816 billion dollars, but was eventually raised to be 840 billion dollars in 2012. The purpose of this bill was to inspire confidence in the American people that the economy would be up and running again. The ARRA was intended to give money back to small businesses as well as the American families who ran and worked at these businesses. This varies from TARP, or the Troubled Asset Recovery Program, which was a bill that was aimed at bailing out banks in October 2008. TARP worked to allow banks in danger to participate in reverse auction, in order to sell their assets.

the Food Stamp Program to give the economy a boost so that people would spend more money

Department of Health & Human Services, 2015). These provisions were aimed at providing new protections for health insurance consumers, lowering the cost and improving the quality of health care, and increasing access to health insurance and affordable care. While many of the ACA’s provisions had implications for community health centers, the ones that impacted them most directly were the expansion of Medicaid and availability of subsidized health insurance through exchanges and the creation of the Community Health Center Fund, which allocated $11 billion in new funding through fiscal year 2015 for operations, capital projects, and expansion of services to enable community health centers to serve an anticipated 20 million newly insured patients (National Association of Community Health Centers, n.d.; “Valley Community Healthcare,” 2015).

The idea behind the plan was to put more money in the pockets of people and businesses so they would purchase more things, increase innovation, reduce unemployment, and lower inflation.

The Supreme Court 's favorable ruling on the Affordable Health Care Act allowed for healthcare to be available for many Americans who would otherwise not receive medical benefits. This is because it increases the number of people covered by Medicare/Medicaid, and lowers the cost of insurance through employers. While this idea is good in theory, paying for it is a challenge due to the fact that it will only add to the nation’s already enormous debit of several trillion dollars (Mulvany, 2012). From 2010-2019, the United States is predicted to spend around 400 billion dollars on healthcare. This prediction has prompted lawmakers to reduce spending on Medicare, Medicaid and other welfare programs. The spending cuts will result in less people getting the care they need due to the limited availability of money for care and the increase in the number of beneficiaries receiving

The National Recovery Administration was created by Franklin D. Roosevelt as part of the New Deal policies. The National Recovery Administration increased the prices of manufactured goods. It hurt the farmers that needed to buy tools and equipment. As they did not have the money to buy the taxed equipment, they could not do their job. It was a detriment both the consumers and the companies. “New Deal spending was supposed to stimulate the economy, but New Deal taxing depressed the economy.”

Health care in the United States is driven by a patchwork of services and financing. Americans access health care services in a variety of ways — from private physicians’ offices, to public hospitals, to safety-net providers. This diverse network of health care providers is supported by an equally diverse set of funding streams. The United States spends almost twice as much on health care as any other country, topping $2 trillion each year. (WHO.INT 2000) However, even with overall spending amounting to more than $7,400 per person, millions of individuals cannot access the health care services they need.(Foundation 2009) So when the Patient Protection and Affordable Care Act (a.k.a the Affordable Care Act or ACA) was passed in the summer

According to Grant (2017), Medicaid covered 3.4 million people in the 1960’s and today more than 81 million people are recipients of Medicaid benefits. This increase in covered recipients has greatly increased the governments expenditure on the program; approximately $2 trillion is spent on Medicaid benefits. There has been a proposal to decrease the amount of federal funding allotted to Medicaid programs

One of the pieces of stimulus material was an excerpt from Adam Smith’s The Wealth of Nations. In this piece of stimulus material, he broke down the different factors that affected wages and profit in Europe. Adam Smith concluded the best economic solution is a free-market economy where there is little to no government regulation. Moving forward a couple hundred years, in a different piece of stimulus material, Richard Nixon addressed a different idea. In his Address to the Nation on Labor Day, President Nixon presented a new economic philosophy to the American people, the limiting of certain freedoms and increased government regulation on the economy. Since President Nixon’s change in direction on economic policy, President Barack Obama

Thank you for your response. I am glad you mention the stimulus checks. To be honest with you, the stimulus checks were a joke and an insult to hard working middle-class people and small businesses. Large Corporation received the biggest bailouts in history, not once, but two or three times. Small businesses like mine, received a $219.00 check, that’s all. That was not even enough to pay the electric bill that cost over $800.00. Granted, our business was not in trouble like most small businesses but, compared to the millions of dollars given to larger companies the government could have given more. With the millions and millions of dollar given to the larger corporations to prevent them from going under, no stipulations were added until later.

This is one of the many measures passed by congress and started by President Franklin Roosevelt in an attempt to help the nation get back up from the Great depression. The National Industrial Recovery Act was a weird experiment in are history, it stopped antitrust laws and was for the alliance of industries. Under the National Industrial Recovery Act, all company's were forced to write codes industry wide of fair competition that easily helped prices and wages, making production quotas, and placed hard restrictions on companies into the alliance.

Recovery was another aim of Roosevelt's, the public works administration which is part of the national industrial recovery act of 33 which was for the government to give money to build schools, dams. Roads, bridges, airports, local offices and parks. This created millions of jobs and a better life for the Americans in the future. Another recovery act was the AAA aka agricultural adjustment administration. This agency was to make sure that farms reduced how much product they were producing, made sure the farms products were up to standards and also to make sure the farmers didn't tire out the soil.

Some effects of this were “high unemployment, a decline in property values, an increase in home foreclosures and personal bankruptcy, and a rise in food and oil cost”(Horton). The stimulus package didn’t abolish poverty from the American citizens, but it kickstarted the economy to be increasing and to create a better society for everyone. Some administrations, such as NTIA, were quoted saying that the act “is an extraordinary response to promote economic recovery and growth, and includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.”(NTIA). The overall effect of this act created a more stable economy after the recession of 2008. However, they weren't put to effect immediately, but over a course of time. This is one of Obama’s most successful pieces of economic legislation since he took office in early 2009. For more information about the American Recovery and Reinvestment Act, visit https://www.federalregister.gov/ or

The article "Troubled Asset Relief Program" showcases the recent effects of the program and what precautions the Department of Treasury should take in response. The article was most likely written by an employee from the U.S. Government Accountability Office (GAO). Their reason for writing this article can be analyzed by their tone, word choice, and audience. With this in mind, the first thing to look at is who the author is.

The Federal Reserve lower their fund rates by using open market operations. During the Great Recession, the lowing of federal fund rate leads to lower interest rates. However, the unemployment rate didn’t decrease, leaving the Federal Reserve to maintain their low federal fund rate. With the federal fund rate low, they purse other policies involving money to expand the economy. The fifth fact is that there was many spending programs. Government involvement will stimulate the economy when everyone is thinking of saving. The government spending in terms flow back to the consumer, and that will give them more disposable income; hence, will lead to more consummation from the consumer. The sixth fact is the tax cuts the government made. This is similar to the federal fund rate, with lower tax, there is more incentive for others to invest. The seventh fact is the automatic stabilizers can be important. There are two forms of fiscal stimulus, the first is the direct form and there is an automatous form. During the recession, people are losing their jobs and their income diminish. With no income, people will rely on the government for