Obama Administration Accomplishments List
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- Accomplishment: $789 billion to fund the American Recovery and Reinvestment Act of 2009 (stimulus plan) (ref).
- What is it?
Unemployment assistance, job creation including investment in jobs in science, green jobs, and long-term growth, and government spending transparency. (ref1, ref2). - Why does it matter?
The "Great Recession" that was inherited by the Obama administration in 2009 could easily have spiraled into another depression. The ARRA provided much needed assistance for immediate needs, while considering what needed to be done to prevent another repeat occurrence. Two mistakes that lead to economic crises are when immediate needs are served at the expense of long-term planning, and when those in power are permitted to make decisions in secret. By including long-term growth and transparency in the ARRA, the Obama administration took steps to create healthy, sustainable growth, instead of a very brief spike -- or "bubble" -- that would crash after a few years.
