Economic Stimulus Timelines

Please note: This information was written by Jennifer Croft, who also wrote the content on a site for sedation dentists in Atlanta, Georgia. The American Recovery and Reinvestment Act, which is better known as the $787 billion Obama economic stimulus package, will be poured into the American economy in 2009 and 2010. It’s designed to have a quick, dramatic impact.

It’s not, however, the only economic stimulus package that’s in play.

Below is a timeline of the economic stimulus packages that were introduced in 2008 and 2009 by the Bush Administration and the Obama Administration:

March 2008: Bush stimulus $29 billion for Bear Stearns/JP Morgan Chase deal
May 2008: Bush stimulus $178 billion in tax rebate checks
July 2008: Bush stimulus $300 billion for distressed homeowners
July 2008: Bush stimulus $200 billion for Fannie Mae and Freddie Mac
September 2008: Bush stimulus $50 billion to guarantee money market funds
September 2008: Bush stimulus $25 billion to Big 3 automakers
September-November 2008: Bush stimulus $150 billion to AIG
October 2008: Bush stimulus $700 billion to banks (TARP)
February 2009: Obama stimulus $787 billion in broad stimulus package
February 2009: Obama stimulus $75 billion for distressed homeowners
February 2009: Obama stimulus $200 billion for Fannie Mae and Freddie Mac
March 2009: Obama stimulus $30 billion for AIG
March 2009: Obama Stimulus $15 billion for small business lending
March 2009: Obama Stimulus $1 trillion to get toxic assets off bank’s troubled asset sheets
March 2009: Obama Stimulus $22 billion for Big 3 Automakers Chrysler and GM