STIMULUS PACKAGE DETAILS

Simple details about the most complicated economic times

in American history

 

 

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)