Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The American Recovery and Reinvestment Act of 2009 - Essay Example

Comments (1) Cite this document
The role of the act in the provision of job opportunities was one of the initiating factors that prompted its formulation. The act is part of the economic recovery programs aimed at boost the country’s economic status (Wilson, 2010)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
The American Recovery and Reinvestment Act of 2009
Read TextPreview

Extract of sample "The American Recovery and Reinvestment Act of 2009"

Download file to see previous pages This was after the realization that many American citizens still feel the impact of the economic recession and need programs to boost their economic status. The program also contributes to economic recovery by providing assistance to the portion of the population that still undergoes trough the impacts of the recession. The act also serves as a program to elevate economic efficiency through promotion of investments (Pollin & Baker, 2010). There are various avenues set to increase technological advancements in health and science are anchors of investments that promote economic efficiency. The act has several long-term investment initiatives. It promotes investments in transportation sector, a strategy aimed at raising the long-term benefits that accrue from investments in transport in the country. Investments in environmental protection programs are instrumental to increase the long-term economic benefits of such programs. Investment in other infrastructure in the country, as provided by the act, would increase the economy of the country. The government appreciates the need to ensure stability of state as well as local government budgets and its vitality in ensuring the economic progress and recovery after the effects of the recession. The act aims at ensuring such stability in an attempt to minimize and evade reductions in the provision of services that are essential to the citizens. ...
Various economic avenues were reviewed to counter the spread of the economic crisis effects on both state and government operations including policy frameworks. The act was part of the various moves by the American government to respond to the crisis. In 13 February 2009, the Obama administration, though the congress, passed the act. It became lawful after its signing into law by the president, after four days from congress’ approval. There were three immediate intentions of forming the act. The need to create new employment opportunities for the American people, while maintaining the available job, was among the three key objectives of the act. The congress considered the high need to initiate intensive economic activities in the country. In addition to initiating high economic activities in the country, the congress identified long-term growth as key to the economic recovery in the country. Boosting investment for long-term growth was the second aim of the act. Transparency in spending is central in ensuring accountability in any institution. This rationale prompted the congress to device a legislation that would foster responsibility among state and local officials and institutions while undertaking government spending. The third objective of the act was to instill exceptional levels of transparency in the use of government resources. There were key functions and responsibilities that the act in achieving its objectives. The main responsibility of the act was the provision of seven hundred and eighty seven billion dollars that would drive its functions (Brostek, 2010). The amount was to be availed in three main facets. The first facet was in tax cuts as well as benefits. This was applicable for citizens in employment and business. The second ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The American Recovery and Reinvestment Act of 2009 Essay”, n.d.)
The American Recovery and Reinvestment Act of 2009 Essay. Retrieved from
(The American Recovery and Reinvestment Act of 2009 Essay)
The American Recovery and Reinvestment Act of 2009 Essay.
“The American Recovery and Reinvestment Act of 2009 Essay”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
gschmeler added comment 2 months ago
Student rated this paper as
I never thought 1250 words essay could be written in such a free manner. I loved the content of this essay. Will definitely use it for my own work!

CHECK THESE SAMPLES OF The American Recovery and Reinvestment Act of 2009

The Resource Conservation and Recovery Act (RCRA)

.... a number of programs have been developed and implemented in this regards. Under RCRA states are encouraged and helped to a large extent for developing and implementing their own waste disposal plans. However, RCRA is not free form criticism. Actually it suffers from a complicated system of implementation of the requirements. In order to make RCRA more effective, the process of implementation of the programs under RCRA should be made less burdensome and easy to follow. References: 1. Teets, J. W., Reis, D. P. and Worrell, D. G. (2003). RCRA: Resource Conservation and Recovery Act. American Bar Association. 2. Dennison, M. S. (1993). RCRA regulatory compliance guide. William Andrew.... ? Resource Conservation and Recovery...
4 Pages(1000 words)Essay

American Recovery Act

...? American Recovery Act Introduction The American Recovery and Reinvestment Act 2009, also known as the Recovery Act was passed by the Congress in the United States of America on the 17th of November, 2009. The act was set-up as per the advice of the American President, Mr. Barack Obama who signed the bill after four days of passing it and formed it as a law. The act was formed with the purpose of direct response to the crisis that America was facing then (Environmental Protection Agency, 2011). The...
4 Pages(1000 words)Essay

Legal advice to BGE

...concerning customers of other energy companies (Carvallo & Cooper, 2011). In rolling out this service, laws regulating the administration of the initiative must be put into consideration. At the federal level, the administrative law relevant to this initiative is the American Recovery and Reinvestment Act of 2009. In initiating the smart grid technique, BGE will face numerous costs, and ways and measures of reducing risks associated with implementation of this act needs to be looked at. The American Recovery and Reinvestment Act is an example of an administrative law...
4 Pages(1000 words)Assignment

Community Reinvestment Act

.... “Correspondence Date: September 3, 1997.” Community ReinvestmentAct. Federal Financial Institutions Examination Council. 18 Dec. 2005, <>. . Community Reinvestment Act. 2005. Federal Financial Institutions Examination Council. 18 Dec. 2005. . “Regulations.” 14 Dec. 2005 (last updated). The Federal Reserve Board. 18 Dec. 2005, . (2000). The American Heritage Dictionary of the English Language. Retrieved from ....  Community Reinvestment Act The Community Reinvestment Act (CRA) was enacted, or made into law, with the intention to “encourage depository institutions to help meet the...
5 Pages(1250 words)Essay

Nurse Reinvestment Act

...BILL OF NURSING REINVESTMENT ACT ENVIRONMENT THAT BROUGHT SHORTAGE OF NURSES TO THE FOREFRONT "Nurses are the linchpins in providing high-quality patient care in hospitals" (Hassmiller, S. B. & Cozine, M. 2006) The shortage of nurses gave birth to NRA. The enrolments in nursing school decreased in the late 1990's. and the nurses left the field due to stressful work environment and concerns about quality of care. By 2000, the nursing shortage worsened due to aging of work force and thus there was an increase in the demand for registered nurses. "The current shortage is the product of several trends including: steep population growth in several states, a diminishing pipeline of new students to nursing, a...
7 Pages(1750 words)Essay

Microeconomics: ARRA & Buy American

... The American Recovery and Reinvestment Act and the Buy American Provision The American Recovery and Reinvestment Act of 2009 (ARRA) was passed by President Obama and Congress in response to the recession of 2007-2009. However, fiscal spending under section 1605 of this act applies only to the American made goods, unless exemptions are made. Though the government attempts to preserve cost efficiency, disruptions will arise. This act ensures cost efficiency and employment are preserved. Unless American companies can provide cheap products, foreign goods are allowed under section 1605, subsection (b)(3). Thus, this act ensures that cost efficiency is preserved, while American firms remain shielded from competition. In turn, American... , and...
1 Pages(250 words)Assignment

American Reinvestment and Recovery Act (ARRA) and Violence Against Women in US

...Freud’s (1920) notion and found the intrapersonal theory plagued by gender biasness. Rather, Bolen (2000) classified victimizers as ‘cobras’ who are antisocial, egotistical and cruel men who enjoy punishing women. These male members in the society lack empathy and respect towards women; hence, they punish women in terms of sexual assault, physical violence or psychological abuse, without any remorse (Bolen, 2000). American Reinvestment and Recovery Act (ARRA) On February 17, 2009, the American Recovery and Reinvestment Act (ARRA) were signed by President Barrack Obama (Executive...
5 Pages(1250 words)Literature review

Stimulus Bill

...American Recovery and Reinvestment Act of 2009 The American Recovery and Reinvestment Act was introduced by the eleventh United s congress. This act is also known as the Recovery Act. In short form this act is referred to as ARRA. It was an attempt counter consequences of the recession and restore the jobs and offer more opportunities to the people. It was the top most purpose of ARRA. Basically it was an economic package which was created for the betterment of the people who were struggling to survive the recession. The...
2 Pages(500 words)Article

National Industrial Recovery Act

...National Industrial Recovery Act In response to Great Depression, the United States put up a number of financial regulations to ensure that the New Deal was an effective remedy. These financial regulations include fiscal policy, banking reform and monetary reform. Fiscal policy was a core weapon in this case considering that an act directly affecting federal budget was proposed. The act focused on reducing the pay to government employees and veterans’ pensions to ensure a balance in the federal budget. Considering that the great depression was mostly caused by bank runs, Emergency Banking Act was drafted to effect the reopening of wide-ranging banks...
2 Pages(500 words)Essay

The American Recovery and Reinvestment Bill

... 2009 Stimulus Bill [Student Name] [School Name] Abstract The American Recovery and Reinvestment Bill was the first essential step by the government to produce and preserve three to four million jobs, start up the economy, and start transforming the economy for the 21st century with $787.2 billion in economic improvement tax cuts and directed priority investments. The day that President Obama signed the American Recovery and Reinvestment Act, he made a speech in Denver, which was city where he accepted the Democratic Party’s nomination for the presidency. President Obama addressed the mayors...
11 Pages(2750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The American Recovery and Reinvestment Act of 2009 for FREE!

Contact Us