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The Congress passed a $787 billion stimulus package on February 13, 2009. The measure passed in the House with no Republican votes. Three Republican senators, Susan Collins, Olympia Snowe and Arlen Specter joined the Democrats to pass the bill, by a vote of 60-38, in the Senate. President Barack Obama, who originally drafted the American Recovery and Reinvestment Plan, signed the bill into law on February 17, 2009.
On April 14, 2009, during a speech at Georgetown University, President Obama shared with the country that his stimulus package is beginning to "generate signs of economic progress." He cited the facts that workers are being hired and credit is beginning to flow. He also warned that tough times are not over for the American people.Bloomberg: ...Pitfalls Ahead Before Economy Recovers (April 14, 2009)
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Fast Facts
- Signed into law by President Obama on February 17, 2009
- Final version passed in The House 246-183FoxNews: House Approves Final $787B Stimulus Bill (February 13, 2009)
- Proposed version by the Senate was for a $838 billion billCNN.com: For House and Senate, it's time to compromise (February 10, 2009)
- Another version proposed by the Senate included $110 billion more in tax cutsCNN.com: For House and Senate, it's time to compromise (February 10, 2009)
- Cleared Republican hurdle in the Senate on a 61-36 voteCNN.com: Stimulus bill clears critical hurdle (February 9, 2009)
- Three Republican senators joined 58 democrats to pass the hurdle
- The House of Representatives version first approved the bill on January 28, 2009The New York Times: Republicans Are Resistant to Obama's Stimulus Plan (January 25, 2009)
- 2/3 of the plan devoted to government spending, 1/3 to tax cutsThe New York Times: Republicans Are Resistant to Obama's Stimulus Plan (January 25, 2009)
- Provides assistance to banks beyond that which is currently offered by TARP
- Obama's approval rating upon suggesting the stimulus: about 70%
- Aims to double U.S. renewable energy capacity within 3 yearsMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)
- Obama allegedly told Republican Senators they should back his bill because "I won"WSJ.com: Partisan Rancor Seeps Into Talks on Stimulus Plan (January 24, 2009)
- The previous stimulus package was approved in February 2008LA Times: Obama plans to campaign for economic stimulus package (December 31, 2008)
- Package developed in coordination with other leading Democrats, including House Speaker Nancy PelosiPolitico: Obama to meet with Hill leaders (January 1, 2009)
- Includes tax cuts in the form of a tax credit
- Obama held a cocktail reception on January 28, 2009, the same day that the bill was passed in the HouseThe New York Times: Obama Holds Reception for Congressional Leaders (January 28, 2009)
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Stimulus Refusal
On February 19, 2009, Republican governors Rick Perry (Texas), Haley Barbour (Mississippi), Bobby Jindal (Louisiana), Sarah Palin (Alaska),Mark Sanford (South Carolina) and C.L. "Butch" Otter (Idaho) have all commented that they're considering turning down any funds.Washington Times: Some governors won't take stimulus money (February 19, 2009) -
Specific Provisions
- $180 billion to states to expand unemployment benefitsWSJ.com: Partisan Rancor Seeps Into Talks on Stimulus Plan (January 24, 2009)
- Upgrade 10,000 schoolsMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)
- Make federal buildings more energy efficientMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)
- Triple undergraduate and graduate science fellowshipsMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)
- Shift to electronic medical recordsMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)
- Invest in preventative health careMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)
- Add 3,000 miles of electrical linesMSNBC.com: Obama: Stimulus plan means lower power bills (January 24, 2009)
- One-time $300 payment to senior citizensWSJ.com: Partisan Rancor Seeps Into Talks on Stimulus Plan (January 24, 2009)
- $8 billion investment in high-speed rail, to put people to work improving tracks, crossing and signal repairNew York Times: Slice of Stimulus Package Will Go to Faster Trains (February 20, 2009)
- $2 billion for energy department projectsSeattle Times: Stimulus package to create 4,400 jobs at Hanford (February 20, 2009)
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Criticism
Many Republicans have opposed the bill, including notable conservative pundits Rush Limbaugh and Ann Coulter, and no Republicans voted to pass the bill in the House of Representatives. Republicans have opposed the bill because they say it includes too much spending, but doesn't include enough tax cuts or jobs.USA Today: Stimulus uncertainty: How fast will the impact be? (January 28, 2009) Republicans drafted an alternative to the bill, which mostly included tax cuts. That bill was defeated with 266-170.Houston Chronicle: House approves $819 billion economic stimulus bill (January 28, 2009) -
Nostimulus Petition
Americans for Prosperity, a conservative political group, started a petition against the stimulus package. With publicity and the viral nature of the Internet, the group's website went down on February 9, 2009, as people visited the site en-masse. The group opposed the stimulus package because of what it considered excessive government spending. The fear is that the package will put an extreme burden on taxpayers over the long term.Real Time Economics (WSJ): 'No Stimulus' Petition Illustrates Public Anger Over Plan (February 9, 2009) -
House Vote
The U.S. House of Representatives approved a $819 billion version of the stimulus bill on January 28, 2009. That bill was originally developed by President Barack Obama. The plan included provisions to spend 75% of the total cost, or about $600 billion, by the end of the year 2010, to provide a significant boost to the struggling U.S. economy.The New York Times: Republicans Are Resistant to Obama's Stimulus Plan (January 25, 2009) No Republicans voted for the bill in the House, and 11 additional Democrats voted against it. -
Related Pages on Mahalo
CARS.gov | Barack Obama | Obama Health Plan | Harry Reid | Nancy Pelosi | Bush Tax Rebate 2008 | Second Stimulus Package | 2008 Recession | Obama Infrastructure Plan | Obama Economic Plan | Lawrence Summers | Mitch McConnell | Charles Nenner | Obama Mortgage Plan | Obama Congressional Address | TySheoma Bethea | Recovery.gov | How to Become President | $8,000 Housing Tax Credit -
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Whitehouse.gov: The American Recovery and Reinvestment Act of 2009
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USA Today: Senate passes $787 billion stimulus bill
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Recovery.gov: Recovery and Reinvestment Act
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OpenCongress: American Recovery and Reinvestment Act of 2009
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YouTube Video: Obama signs $787 billion stimulus bill into law (Time: 2:06)
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Bloomberg.com: Obama Sees 'Glimmers of Hope' of Improving...
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Bloomberg.com: Obama Says 'Pitfalls' Ahead...
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Whitehouse.gov: The American Recovery and Reinvestment Act of 2009
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2009 Stimulus Package on Twitter Powered by Twitter
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2009 stimulus package : MySpace- Friend Status... - http://bit.ly/TUmmA - friends.myspace.com via thisnewz.com
@GreatInfonow | November 09, 2009 06:02 AM -
2009 stimulus package : Say No to Nukes in the Stimulus Package... - http://bit.ly/TUmmA - thenation.com via thisnewz.com
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2009 stimulus package : Grim Milestone as Jobless Rate Tops 10% - WSJ.com... - http://bit.ly/TUmmA - online.wsj.com via thisnewz.com
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2009 stimulus package : BBC NEWS | Business | US jobless rate rises to over 10%... - http://bit.ly/TUmmA - news.bbc.co.uk via thisnewz.com
@GreatInfonow | November 09, 2009 03:02 AM -
Join NYboL, LSM & TES for Leather Stimulus Package 2009, a Leather & Fetish celebration, Sat, Nov 14, 3pm - 9pm LGBT Ctr, 208 West 13th St,
@TESKink | November 09, 2009 01:06 AM
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2009 Stimulus Package News and Articles | Add a Link
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USA Today: $787B stimulus bill becomes law, but stock markets still fall
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Star-Tribune: Obama signs $787 billion stimulus bill
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FOXNews.com: Senate Approves $838 Billion Economic Recovery Package
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WashingtonPost: Senate Passes $819 Billion Economic Stimulus Bill
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CNN.com: Agreement reached on proposed stimulus bill
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Washington Post: Keep Your Stinking Stimulus?
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New York Times: Slice of Stimulus Package Will Go to Faster Trains
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US News and World Report: Obama Makes Case for Stimulus...
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Seattle Times: Stimulus package to create 4,400 jobs at Hanford
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Washington Times: Some governors won't take stimulus money
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FOX News: Lawmakers, White House Reach $790B Tentative Agreement...
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Washington Post: Obama Warns Mayors to Use Stimulus Funds Wisely
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The New York Times: Science Adviser Lays Out Climate...
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Politico: Senators near deal on stimulus
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SFGate: Did TV news miss point in covering stimulus plan?
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Political Hotsheet (CBS News): Stimulus Bill Sparks Partisan Parsing
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Los Angeles Times: Reid announces agreement on stimulus
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USA Today: $787B stimulus bill becomes law, but stock markets still fall
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Questions and Answers About 2009 Stimulus Package | View All | Ask a Question
View All 2009 Stimulus Package Questions (1651) | Ask a Questiondoes the stimulus package help people who purchase new vehicles this year?? and also new home buyers?? (1 Answer)Yes it definitely does especially if you are a first time buyer, "First-time home buyers would receive an $8,000 tax credit, and they wouldn't have to repay the government later ... read moreIs the 30% credit for installing a geothermal system only used to offset taxes due? If I have paid already do I still get the 30% check? (1 Answer)Tax credits reduce dollar per dollar the amount of income tax that would otherwise be due. The credit for geothermal equipment is nonrefundable, meaning that you cannot get a refund ... read moreWhat kind of economic stimulus package will we get? (1 Answer)According to the LA Times, Obama's proposed Stimulus package will be a two year plan at an estimated $775 billion.The package will include a middle-class tax cut as well as ... read more
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January 2009 Stimulus News | Add a Link
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USA Today: Stimulus uncertainty: How fast will the impact be?
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USA Today: Cost of Senate's stimulus plan hits $888B
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Fox News: ...Republicans Warn Stimulus Rebates Could Pay Illegal Immigrants
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US News & World Report: Stimulus Bill Grows to $887 Bill...
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Washington Post: Obama, Pelosi to Discuss Scope of Economic Package
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Houston Chronicle: House approves $819 billion economic stimulus bill
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New York Times: Record Deficit Forecast as Obama Weighs...
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Washington Post: Obama Predicts Years of Deficits...
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FOXNews.com: Limbaugh Cracks the Whip, and Republicans Get in Line
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MSNBC.com: Obama: Stimulus plan means lower power bills
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BBC News: Obama Confident on Economy Vote
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USA Today: Stimulus uncertainty: How fast will the impact be?
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2009 Stimulus Package on Amazon | View All
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Will we be stimulated? Economists sound off on Obama's stimulus package.(Barack Obama)(Discussion): An article from: Reason - $9.95
This digital document is an article from Reason, published by Reason Foundation on May 1, 2009. The length of the article is 2280 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML forma...
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Take heed of COBRA changes: stimulus package includes sweeping modifications to health insurance law.(THE LAW)(Consolidated Omnibus Budget Reconciliation ... article from: New Hampshire Business Review - $9.95
This digital document is an article from New Hampshire Business Review, published by Business Publications, Inc. on March 27, 2009. The length of the article is 897 words. The page length shown above is based on a typical 300-word page. The...
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Follow the money-carefully: the stimulus package provides billions of dollars in new funding. Schools and states need a plan to pursue it.: An article ... (Technological Horizons In Education) - $9.95
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Financial implications of the stimulus package.(SPECIAL REPORT: SUCCEEDING IN CHALLENGING TIMES)(American Recovery and Reinvestment Act of 2009): An article from: Franchising World - $9.95
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Spend wisely ... or else: thoughtful use of our share of the stimulus package is the only way to guarantee more ed tech funding in the future.: An article ... (Technological Horizons In Education) - $9.95
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2009 Stimulus Package Blogs and Commentaries | Add a Link
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Fox News: Panel on President Obama's Stimulus Plan
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TheStreet.com: Obama's Stimulus Plan is no Quick Fix
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Chicago Daily Observer: NoStimulus.com Petition in It's Entirety
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Paul Krugman (New York Times): Responding to Recession
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San Francisco Chronicle: Economic stimulus or just more pork?
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The Economist: Barack Obama's brief honeymoon
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The Caucus (NYT): ...Battle Lines Firming Up on Stimulus
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Fox News: Panel on President Obama's Stimulus Plan