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- The $787 stimulus package originally drafted by President Obama
- Signed into law on February 17, 2009
- Passed by Congress on February 13, 2009
- There were several revisions made before the bill was passed in Congress
- Final bill the result of negotiations and compromises between the House and the Senate
- No House Republicans voted for the plan
- Three Republican senators, Susan Collins, Olympia Snowe and Arlen Specter voted for the plan
- Includes a $400 tax credit for individuals, $800 for couplesBoston Globe: Stimulus bill includes tax breaks for individuals and businesses (February 18, 2009)
- Tax credit for homebuyers who purchase a home before December 1, 2009Boston Globe: Stimulus bill includes tax breaks for individuals and businesses (February 18, 2009)
- Could create an estimated 3.7 million jobsThe New York Times: Obama Raises Estimate of Job Creation in Plan (January 10, 2009)
- Includes investments in health care, energy and educationCNN: Obama Calls for 'Dramatic Action' (January 8, 2009)
- Plan will double the production of alternative energy in three yearsCNN: Obama Calls for 'Dramatic Action' (January 8, 2009)
- Plan will involve improving the efficiency of federal buildings and homesCNN: Obama Calls for 'Dramatic Action' (January 8, 2009)
- Plan includes the computerization of medical recordsCNN: Obama Calls for 'Dramatic Action' (January 8, 2009)
- Plan will upgrade classrooms and expand broadband across the United StatesCNN: Obama Calls for 'Dramatic Action' (January 8, 2009)
- Investments in science and new technologies will be madeCNN: Obama Calls for 'Dramatic Action' (January 8, 2009)
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The American Recovery and Reinvestment Plan is the name of President Barack Obama's economic plan to stimulate the economy which was passed by the Congress on February 13, 2009 after several revisions. Obama signed the $787 stimulus package into law on February 17, 2009. It aims to create employment opportunities in the short-term and economic growth in the long-term.
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Obama's Warnings
Obama repeatedly urged Congress to take action on the plan and warned that failing to do so would cause devastating long-term consequences.http://www.cnn.com/2009/POLITICS/01/08/transition.wrap/index.html
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American Recovery and Reinvestment Plan Questions
Are stocks that reinvest earnings more speculative than stocks that make a dividend payout? 1 AnswerThis topic is quite “big”.. To say briefly my opinion: growth rate = retention ratio x ROE = (1 – dividend payout ratio) x ROE The more a company pay out its ... read more
Are stocks that reinvest earnings more speculative than stocks that make a dividend payout? 1 AnswerCompanies that pay dividends tend to be well-established in their markets; they don't see as many opportunities for expansion so they pay it out instead. But t... read more
What battery companies will benefit from the H.R. 1, the American Recovery and Reinvestment Act of 2009? 1 AnswerThe problem with answering this question is that it's all speculative right now. Just about all the money going out from H.R. 1 will be in the form of competiti... read more
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