In 2009, a newly elected American chief executive was faced with an economy headed in the wrong direction. A 9 percent unemployment rate fed a lack of consumer confidence and created the very real possibility of a double-dip recession.
The Obama administration’s solution was to persuade a unified Democratic congressional majority to move expeditiously on a $787 billion economic stimulus package correctly titled the American Recovery and Reinvestment Act.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
