Tag Archives: recession

The video shows Barack Obama signing the Recovery Act, an economic stimulus package.

This bill was signed into law on February 17 by President Obama at an economic forum he was hosting in Denver, Colorado.

The main goal of the Act was to bring the country back from recession on a path of recovery; the Act was intended to create jobs and promote consumer spending and investment. It also included federal tax cuts, expansion of unemployment benefits as well as domestic spending in education, health care and infrastructure.

I consider this Act a huge attempt made by the Government to recover the economics of the US, and according to various reports, the stimulus saved about 1.7 million jobs.