Track the Stimulus - 0 views
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C Chadwick on 16 May 11The economic stimulus plan is one President Obama's main weapons to jump-start the economy and prevent a much deeper and longer recession; the current downturn started in December 2007 making it already one of the longest since the Great Depression, and it has caused the largest number of job losses in the history of the US in a single year (in absolute, but not - yet - relative numbers). Through a combination of tax cuts, direct investments in a variety of sectors including infrastructure, energy, science and education and help to the unemployed and to the states, Congress and the President are looking to alleviate if not stop the decline in economic activity. As of August 2009, the economy has lost 6.9 million jobs, which have been shed across all sectors of the economy except for government and healthcare.