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Global Economic Watch Fiscal Policy October 31, 2009

Global Economic Watch Fiscal Policy October 31, 2009. Recovery Act. On Feb. 13, 2009, Congress passed the American Recovery and Reinvestment Act of 2009. A direct response to the economic crisis, The Recovery Act has three immediate goals: Create new jobs as well as save existing ones

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Global Economic Watch Fiscal Policy October 31, 2009

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  1. Global Economic Watch Fiscal Policy October 31, 2009

  2. Recovery Act • On Feb. 13, 2009, Congress passed the American Recovery and Reinvestment Act of 2009. A direct response to the economic crisis, The Recovery Act has three immediate goals: • Create new jobs as well as save existing ones • Spur economic activity and invest in long-term economic growth • Foster unprecedented levels of accountability and transparency in government spending http://www.recovery.gov/About/Pages/The_Act.aspx

  3. Recovery Money http://www.recovery.gov/News/mediakit/Pages/Download.aspx

  4. Recovery Money http://www.recovery.gov/News/mediakit/Pages/Download.aspx

  5. Growth http://www.epi.org/publications/entry/ib265/

  6. Jobs http://www.epi.org/publications/entry/ib265/

  7. Recovery Jobs October 30, 2009 Recipients reported that Recovery projects created or saved a total of 640,329 jobs: 30,908 by federal contracts, 607,919 by grants, and 1,503 by loans. http://www.recovery.gov/About/Pages/The_Act.aspx

  8. Discussion Is Recovery Act creating jobs? Why estimating the number of jobs saved/created is difficult? How tax cuts and income transfers help in saving/creating jobs? http://www.recovery.gov/News/featured/Pages/Estimated$625BinTaxReliefFromtheRecoveryAct.aspx

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