Stimulus Package Essay November 30, 2009 Obama Stimulus Program On December 1, 2008, the National Bureau of Economic Research announced that the United States officially entered a recession. Many factors contributed to the formation of the recession; the subprime mortgage crisis where lenders were making loans to borrowers who could not afford the home they purchased, a rise in unemployment, a downturn in economic growth, and the bad financial states of financial institutions such as AIG and…
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