Download or read book Why Did the American Recovery and Reinvestment Act ARRA Fail Or Did It written by L. Jan Reid and published by . This book was released on 2015 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States Congress approved the American Recovery and Reinvestment Act (ARRA) on February 13, 2009. U.S. President Barack Obama signed the bill into law on February 17, 2009. ARRA was passed in response to widespread fears that the United States was in danger of slipping into a 1930s-style economic depression. After ARRA was enacted, related economic debate centered on tax reductions versus direct federal-government spending. Old arguments resurfaced about the effectiveness of the “New Deal” programs instituted by U.S. President Franklin Roosevelt; the 1936-1938 recession; and the theoretical views of both Keynesian and neoclassical economists.Since ARRA was passed, a number of economists have criticized the effectiveness of the stimulus program. Criticisms have ranged from arguments that “the stimulus was too small to be effective” to assertions of ARRA's failure to address the shortage of qualified workers in the labor force.I briefly review some of these arguments and conduct empirical tests to determine their validity.

Download or read book Authoritative Resources on the American Recovery and Reinvestment Act ARRA written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prepared for Members and Committees of Congress Authoritative Resources on the American Recovery and Reinvestment Act (ARRA) Summary The following list of authoritative resources is designed to assist in responding to a broad range of questions and concerns about the American Recovery and Reinvestment Act (ARRA), P. L. 111-5. [...] Links to the full text of the act, Congressional Budget Office (CBO) estimates, White House fact sheets, and federal, state, and municipal government websites are included, along with other useful information. [...] Congressional Research Service Authoritative Resources on the American Recovery and Reinvestment Act (ARRA) Contents Full Text of the Law. [...] Congressional Budget Office Cost Estimates Estimates of ARRA's impact on the budget and a detailed analysis of the budgetary effects by title. [...] Congressional Research Service 1 Authoritative Resources on the American Recovery and Reinvestment Act (ARRA) Each federal agency receiving funds from the act will submit reports on their recovery activities.

Download or read book American Recovery and Reinvestment Act ARRA written by Tom Vilsack and published by DIANE Publishing. This book was released on 2011-08 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Home to more than 50 million people and our Nation¿s ag. industry, Rural America (RA) plays a vital role in ensuring a vibrant national economy. The Obama Admin. recognizes the importance of the rural economic engine and took swift action to stabilize the rural economy and assist rural communities in the aftermath of the economic downturn. This report provides an overview of how Fed. investments under the ARRA of 2009 are helping rural communities win the future by out-innovating, out-educating, and out-building our global competition. Contents: Building the Infrastructure of the 21st Century; Investing in Clean Energy and the Environ.; Increasing Economic Opportunity in RA; Enhancing the Quality of Life in RA. A print on demand report.

Download or read book Did the American Recovery and Reinvestment Act ARRA Fund an Optimal Mix of Tax Reductions and Direct Government Spending written by L. Jan Reid and published by . This book was released on 2015 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The American Recovery and Reinvestment Act (ARRA) was passed in response to widespread fears that that United States was in danger of slipping into a 1930s-style economic depression. Once the ARRA was introduced, the economic debate centered on tax reductions versus direct government spending. Old arguments resurfaced about the effectiveness of the Roosevelt New Deal, the 1936-1938 recession, and the theoretical views of both Keynesian and neoclassical economists. I briefly review the economic literature and discuss the economic arguments of both sides.My research accounts for economic adjustment, and seeks to calculate the optimal mix of tax reductions and direct government spending using three different standards: effect on Real Gross Domestic Product, effect on the stock market , and effect on the U.S. civilian unemployment rate.I found that ARRA did not fund an optimal mix of tax reductions and direct government spending because ARRA included subsidies to individual states, loan guarantees, and other subsidies.

Download or read book American Recovery and Reinvestment Act written by Elise Taylor and published by . This book was released on 2014-01-01 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: In February 2009, in response to significant weakness in the economy, lawmakers enacted the American Recovery and Reinvestment Act (ARRA). The legislations numerous spending and revenue provisions can be grouped into several categories according to their focus, which include, providing funds to states and localities; supporting people in need; purchasing goods and services; and providing temporary tax relief for individuals and businesses. This book discusses the economic impact of the ARRA five years after its enactment.

Download or read book American Recovery and Reinvestment Act ARRA written by Maricopa County (Ariz.). Internal Audit Department and published by . This book was released on 2011 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book American Recovery and Reinvestment Act ARRA State Energy Program SEP written by and published by . This book was released on 2009 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book American Recovery and Reinvestment Act written by Elise Taylor and published by Gazelle Book Services, Limited. This book was released on 2014-07-26 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: In February 2009, in response to significant weakness in the economy, lawmakers enacted the American Recovery and Reinvestment Act (ARRA). The legislation's numerous spending and revenue provisions can be grouped into several categories according to their focus, which include, providing funds to states and localities; supporting people in need; purchasing goods and services; and providing temporary tax relief for individuals and businesses. This book discusses the economic impact of the ARRA five years after its enactment.

Download or read book Stimulus American Recovery and Reinvestment Act of 2009 PL 111 5 written by Federal Government and published by Government Institutes. This book was released on 2009-06-15 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: The American Recovery and Reinvestment Act of 2009—better known as the Stimulus Act—leaves no business, no American untouched. Signed into law on February 17, 2009, by President Barack Obama, The American Recovery and Reinvestment Act (ARRA) was established to address the current economic crisis facing the United States. The provisions of the Act call for investments in infrastructure, health care, education, the environment, energy, housing and other needed services. This set includes one volume containing the complete and official text of the Act and a separate volume full of essential documents related to the creation of, response to, and signing of the Act, including: * The President's American Recovery and Reinvestment Plan * Establishment of the President's Economic Recovery Advisory Board * Economic Stimulus: Issues and Policies (Congressional Research Service Report) * Financial Stimulus Plans: Recent Developments in Selected Countries * Budgetary Impact of the American Recovery and Reinvestment Act of 2009 * Macroeconomic Impact of the American Recovery and Reinvestment Act of 2009 * White House Statements on ARRA regarding Working Families, State by State Jobs, Congressional District Jobs, Education, Energy, Health Care, and Infrastructure * Accountability Measures: Bill Language, American Recovery and Reinvestment Act * Ensuring Responsible Spending of Recovery Act Funds (Presidential Memorandum) * Interim Guidance Regarding Communications with Registered Lobbyists about Recovery Act Funds (Memorandum from the Director, Office of Management and Budget)

Download or read book Did the American Recovery and Reinvestment Act Help Those Most in Need written by Mario J. Crucini and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the statements of purpose of the American Recovery and Reinvestment Act (ARRA) was "to assist those most impacted by the recession." The ARRA is assessed along this dimension using theoretical concepts from the risk-sharing literature. We estimate a model of income dynamics using a county-level panel of wage income in order to isolate the innovation to income. We then regress these income shocks on ARRA transfers and find 13.1% of the shock is offset by the transfer. While this is a long way from complete risk-sharing, the impacts are economically and statistically significant. Surprisingly, there are large state-contingent effects in the second and third quartiles 25.6% and 15.7% versus a mere 8.5% in the first quartile. By this metric, the policy of helping those most in need was not achieved.

Download or read book American Recovery and Reinvestment Act ARRA of 2009 Newsletter written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Did the American Recovery and Reinvestment Act Help Counties Most Affected by the Great Recession written by Mario J. Crucini and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the statements of purpose of the American Recovery and Reinvestment Act (ARRA) was "to assist those most impacted by the recession." To consider this facet, the grants-in-aid portion of the ARRA is assessed from the perspective of fiscal federalism. We estimate a trend-stationary autoregressive model of county-level wage income dynamics where each county is subject to a common shock (with county-specific factor loading) and an idiosyncratic shock. We then ask if counties that experienced larger negative wage income shocks during the Great Contraction subsequently received more transfers per capita in the form of grants-in-aid. The fact that the negative business cycle shocks pre-date the passage of the ARRA and subsequent disbursements allows identification of the risk-pooling channel of the grants before fiscal multiplier effects confound these two channels. We find statistically significant and economically large risk-pooling effects.

Download or read book Authoritative Resources on the American Recovery and Reinvestment Act of 2009 ARRA written by and published by . This book was released on 2009 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: The following list of authoritative resources is designed to assist in responding to a broad range of constituent questions and concerns about the American Recovery and Reinvestment Act (ARRA), P.L. 111-5. Links to the full text of the act, Congressional Budget Office (CBO) estimates, White House fact sheets, and federal, state, and municipal government websites are included, along with other useful information. This list reflects information that is currently available on the Internet. It will be updated regularly as other relevant material becomes available.

Download or read book Economic Policy Crisis and the Stimulus written by Jane G. Gravelle and published by TheCapitol.Net Inc. This book was released on 2010-12-01 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The American Recovery and Reinvestment Act (ARRA) of 2009, HR 1 in the 111th Congress, will assist in supplemental appropriations for job preservation and creation, give financial help to the unemployed, and will provide State and local fiscal stabilization, for fiscal year ending September 30, 2009, and for other purposes." The purposes of The American Recovery and Reinvestment Act (ARRA) of 2009 include the following: (1) To preserve and create jobs and promote economic recovery. (2) To assist those most impacted by the recession. (3) To provide investments needed to increase economic efficiency by spurring technological advances in science and health. (4) To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits. (5) To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases. http://www.thecapitol.net/Publications/GovernmentSeries/1497_EconomicPolicyCrisisandtheStimulus.html

Download or read book American Recovery and Reinvestment Act ARRA written by and published by . This book was released on 2009 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book American Recovery and Reinvestment Act ARRA Oklahoma Implementation Guide written by and published by . This book was released on 2009 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Seven Steps for States and Regions to Prepare for the American Recovery and Reinvestment Act written by Workforce Strategy Center and published by . This book was released on 2009 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through the American Recovery and Reinvestment Act (ARRA) the federal government is pumping nearly $790 billion dollars into state and local coffers to strengthen the United States economy. In order to stimulate the economy as quickly as possible, states are being asked to invest much of this funding into regions within 30 days, and to have the funding obligated and spent within the next 18 months. In addition to getting the money out quickly, states and regions have the enormous challenge of having to figure out how to make the best and most strategic use of the funding. Most important, is how to do this so that low-income youth and adults can attain the postsecondary credentials they need to earn family sustaining wages. Presented in this paper are some basic steps states and regions might consider taking to determine how to use the stimulus. First, there are three points to keep in mind: (1) ARRA funding, and whatever system might be created with the stimulus and other available dollars, "are the means to an end"; (2) the goal is to get people jobs and jump start the economy; and (3) to have a sustained effect, short-term actions need to be part of a long-term plan.