(Economic Stimulus, NYT, Dec 15, 2010). Therefore, the next possible life-saver of the economy was a large expansionary fiscal policy. In response to the stagnated situation of the economy, on Fed 11 2009, the Obama’s legislators announced the stimulus package called the American Recovery and Reinvestment Act including “$507 billion in spending programs and $282 billion in tax relief” (Economic Stimulus, NYT, Dec 15, 2010) after a long, pressing debate about what size and shape the stimulus package should…
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