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American Recovery and Reinvestment Act (ARRA), enacted by the U.S. Congress & signed into law by Pres. Barack Obama in 2009, designed to stimulate the U.S. economy by saving jobs jeopardized by the Great Recession of 2008–09 and creating new jobs #DemHistory #ForAll
Obama’s first major legislative effort was to enact a recovery program that would stimulate the economy by creating or saving millions of jobs and staunching the bleeding from the recession. #DemHistory #ForAll #DemsWork4USA
#ARRA introduced in the House of Representatives less than a week after Obama assumed office/on 1/28/09 the House passed its version of the bill, which envisioned an $819B package of gov spending & tax cuts & was passed without the support of any Republicans #DemHistory #ForAll
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