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2009 Stimulus Bill
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2009 Stimulus Bill
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2009 Stimulus Bill :: Federal Law Passed on 2/17/2009
Summary of Positives:
Helped jump start the economy and prevent a depression with a $787 billion stimulus package allocated 39% towards tax breaks primarily for the middle class and business, and 61% towards investments primarily in infrastructure, education, and health care.
Latest 2009 Stimulus Bill Forum Posts
Topic
Started By
Last Comment By
Replies
Views
GM improves, this idea that so many hated, in hind sight was it a good idea?
LLBarry
11/18/2010 8:40:45 PM
Truthseeker
1/7/2011 9:26:29 AM
1
458
Tracking Jobs from the Stimulus Bill
JasonK
8/11/2009 3:22:55 AM
Pulkit
12/24/2009 4:30:07 AM
1
489
2009 Stimulus Bill Benefits & Positives
Date
Positive Result\Benefit
Rank
04/01/09
Deeper recession or depression averted in 2009 and beyond with the help of stimulus bill provisions
02/17/09
2010 real GDP increased by about 3.4% due to stimulus spending
04/01/09
Approximately 2.7 million jobs added to US payrolls and unemployment rate kept 1½ percentage points lower due to Stimulus spending
02/17/09
Tax credit of $400 per worker ($800 per couple) for middle income workers for 2009 & 2010 totaling $116 billion
02/17/09
$82.2 billion in aid for low income workers, unemployed and retirees (including job training)
02/17/09
$70 billion in tax relief for middle class workers by patching the Alternative Minimum Tax for one year
02/17/09
$155 billion in health care assistance for the poor & unemployed primarily for Medicaid, health information technology and insurance premium subsidies
02/17/09
$100 billion in education aid to prevent lay-offs, modernize schools, award Pell grants and help low income children & special education programs
02/17/09
$48.1 billion in investments for highway, bridge, high-speed rail & other transportation projects
Latest 2009 Stimulus Bill Opinion & News Articles
Date
Article
Location
About
04/17/10
U.S. Commits $13 Billion to Aid High-Speed Rail
online.wsj.com
High Speed Rail
&
2009 Stimulus Bill
President Barack Obama on Thursday called for spending at least $13 billion to launch a "new era" of high-speed passenger rail transportation, sparking competition among states and providing a potentially rich new market for rail equipment makers.
Latest Notable Statements by Consevatives About 2009 Stimulus Bill
Date
Conservative
Type
Location
About
09/17/10
Lie
First Things Blog
2009 Stimulus Bill
Jim Hoft suggested Los Angeles has used the entire $111 million, writing: Another Democratic Success Story...Los Angeles has used $111 million in stimulus cash to create a whopping 55 jobs.
09/17/10
Lie
Fox & Friends
2009 Stimulus Bill
Fox News' Fox & Friends, co-host Steve Doocy announced that the city of Los Angeles has created 54.46 jobs for $111 million. That is $2 million apiece, which co-host Brian Kilmeade said really defines government waste. Co-host Gretchen Carlson added that L.A. should get a failing grade for that job creation record. Doocy then echoed the Ace of Spades post, stating: The good news is, according to the calculations, Los Angeles is going to get 483 million more dollars, which means, at this r
09/17/10
Lie
Americas Newsroom
Bill Hemmer noted that the Los Angeles controller stated that 55 jobs have been created with the $111 million in stimulus it has received so far and claimed, That's 2 million per job. Co-host Martha MacCallum described the report as shocking and added: I'd rather take the $2 million, probably, than the salary for the job. During the subsequent segment with Fox Business host Stuart Varney, Hemmer claimed that the L.A. Department of Public Works spent $70 million in stimulus funds; they cre
09/17/10
Bill O'Reilly
Lie
The OReilly Factor
O'Reilly echoes myth that L.A. spent $2 million in stimulus per job created
09/16/10
Lie
Ace of Spades Blog
2009 Stimulus Bill
In a September 16 post, Ace of Spades blogger Gabriel Malor quoted from the audit and stated that Los Angeles created 54 and a half jobs. That's it. Out of $111 million. He then added that for damn sure they were misspent and suggested that each job cost roughly $2.02 million, stating great news, sportsfans. Los Angeles has another $483 million in spendulus funds coming its way. At the present rate that's a whole 239.3 jobs!
08/17/10
Glenn Beck
Negativity
Glenn Beck TV Program
Unemployed
,
2009 Stimulus Bill
&
Jobs
Saying that 99ers, Umemployed Americans should be ashamed to be called americans
08/08/10
Liz Cheney
Lie
Liz Cheney spread the myth that the stimulus bill has not worked to mitigate job losses. In fact, many independent and private analysts have agreed that stimulus spending significantly raised employment over what would have happened without it.
07/30/10
Stuart Varney
Lie
Fox & Friends
Stuart Varney argued that it is inaccurate to attribute the recession to President Bush and claimed that President Obama's policies have not fixed that ongoing recession. In reality, Obama's policies have created growth in the GDP and the Dow Jones Industrial Average, while turning around the increases in joblessness that began under Bush.In reality, the economic recession started before Obama came to office and Real GDP has greatly increased during Obama's presidency.
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