BibTeX
@MISC{Much09whogains,
author = {How Much},
title = {Who Gains From President Obama’s Stimulus Package...},
year = {2009}
}
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Abstract
ajit zacharias, thomas masterson, and kijong kim President Barack Obama and his new administration inherited an economic mess that was quickly transforming into a deep economic malaise when he took office on January 20, 2009. With remarkable speed, the Obama administration managed to sign into law on February 19 a package of spending increases and tax cuts known as the American Recovery and Reinvestment Act (ARRA). According to the administration, ARRA will create or save approximately 3.5 million jobs by the end of 2010. The transfers and tax cuts included in the legislation are expected to provide relief to lowincome and vulnerable households especially hurt by the economic crisis, while at the same time supporting aggregate demand. 1 Our aim is to provide a preliminary assessment of ARRA in terms of its likely impact on median household income, gaps between advantaged and disadvantaged population subgroups,
Keyphrases
president obama stimulus package tax cut ajit zacharias aggregate demand preliminary assessment economic crisis american recovery obama administration spending increase thomas masterson deep economic malaise kijong kim president barack obama population subgroup median household income vulnerable household economic mess new administration reinvestment act likely impact remarkable speed
