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On February 8, 2009, a letter to Congress signed by about 200 economists in favor of the stimulus, written by the Center for American Progress Action Fund, said that Obama's plan "proposes important investments that can start to overcome the nation's damaging loss of jobs", and would "put the United States back onto a sustainable long-term ...
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
In January 2009, the Obama administration announced a stimulus plan to revive the economy with the intention to create or save more than 3.6 million jobs in two years. The cost of this initial recovery plan was estimated at 825 billion dollars (5.8% of GDP).
The Obama administration is not considering a second stimulus package as it seeks ways to jump-start the flagging U.S. economy, a White House spokeswoman said Thursday. Sponsored Links Obama said ...
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Obama's $800 billion stimulus package included $100 billion for public schools, which every state used to protect its educational budget. However, in terms of sponsoring innovation, Obama and his Education Secretary Arne Duncan pursued K-12 education reform through the Race to the Top grant program.
President Barack Obama addressing the Congress, with Vice President Joe Biden and House Speaker Nancy Pelosi View from the Executive Gallery of the House Chamber. Barack Obama, the 44th president of the United States, addressed a joint session of the United States Congress on Tuesday, February 24, 2009. It was his first public address before a ...
The measure was proposed by Christopher Dodd of Connecticut as an amendment to the $900 billion economic stimulus act then waiting to be passed. [24] On February 10, the newly confirmed Secretary of the Treasury Timothy Geithner outlined his plan to use the remaining $300 billion or so in TARP funds. He intended to direct $50 billion towards ...