Economic Stimulus Packages, Plans, And Bills
So much economic stimulus money has been committed or distributed, it’s hard to keep track of it all. Here’s a summary of the economic stimulus packages the Bush Administration and the Obama Administration initiated:
Broad-Reaching Economic Stimulus Packages, Plans, And Bills
$178 billion in tax rebate checks (Bush, May 2008)
$300 billion for distressed homeowners (Bush, July 2008)
$50 billion to guarantee money market funds (Bush, September 2008)
$787 billion in tax cuts and job creation programs (Obama, February 2009)
$75 billion for distressed homeowners (Obama, February 2009)
$15 billion for small business lending (Obama, March 2009)
Economic Stimulus Bailouts
$29 billion, Bear Stearns and JPMorgan chase merger (Bush, March 2008)
$200 billion Fannie Mae and Freddie Mac (Bush, July 2008)
$25 billion to Big 3 Automakers (Bush, September 2008)
$150 billion to insurer AIG (Bush, September-November 2008)
$700 billion to banks, TARP (Bush, October 2008)
$200 billion to Fannie Mae and Freddie Mac (Obama, February 2009)
$30 billion for AIG (Obama, March 2009)
$1 trillion for toxic asset program for banks (Obama, March 2009)
$22 billion for Big 3 Automakers Chrysler and GM (Obama, March 2009)
$1 trillion for worldwide lending (G-20 countries, April 2009)