What did the American Recovery and Reinvestment Act of 2009 do?

The American Recovery and Reinvestment Act of 2009 (Recovery Act) – which President Obama signed into law on February 17th, 2009 – was an unprecedented action to stimulate the economy. It included measures to modernize our nation’s energy and communication infrastructure and enhance energy independence.

What is the American Recovery and Reinvestment Act of 2009 healthcare?

The American Recovery and Reinvestment Act (ARRA) was enacted into law in 2009. It established incentive payments for eligible professionals (EPs), eligible hospitals, and critical access hospitals (CAHs) to promote the adoption and meaningful use of Certified Electronic Health Record Technology (CEHRT).

What did the American Recovery and Reinvestment Act aim to do?

The American Recovery and Reinvestment Act (ARRA) was a massive round of federal spending intended to create new jobs and recover jobs lost in the Great Recession of 2008. This government spending was to compensate for a slowdown in private investment in that year.

What was the purpose of the recovery and Reinvestment Act of 2009?

American Recovery and Reinvestment Act of 2009. The ARRA’s rationale was based on the Keynesian economic theory that, during recessions, the government should offset the decrease in private spending with an increase in public spending in order to save jobs and stop further economic deterioration.

What is the American Recovery and Reinvestment Act (ARRA)?

American Recovery and Reinvestment Act. Written By: American Recovery and Reinvestment Act (ARRA), also called the Stimulus, legislation, enacted by the U.S. Congress and signed into law by Pres. Barack Obama in 2009, that was designed to stimulate the U.S. economy by saving jobs jeopardized by the Great Recession of 2008–09 and creating new jobs.

When did President Obama announce the American Recovery and Reinvestment Act?

On January 10, 2009, President-Elect Obama’s administration released a report that provided a preliminary analysis of the impact to jobs of some of the prototypical recovery packages that were being considered. Official seal of Recovery.gov, the official site of the American Recovery and Reinvestment Act of 2009.

What is the Recovery Act investment in infrastructure?

From the beginning, the Recovery Act investment was intended to energize industry and help accelerate work being done so that investments would go farther and so faster progress could be made in transforming our aging infrastructure into a system that better supports American consumers and a vibrant, growing economy.