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Hot Topics: Stimulus Package

When Barack Obama signed the "Stimulus Package" or American Recovery and Reinvestment Act of 2009 into law on February 11, 2009 the governments intentions were very clear, to stimulate the economy and forestall further economic decline, perhaps even a depression. The following articles, reports, and streaming videos focus on where and how the stimulus monies have been applied to stimulate certain industries and the U.S. Economy.
Just a quick note on terminology: the official name for the stimulus plan is the American Recovery and Reinvestment Act also knows as the following: "Stimulus Bill", "Stimulus Plan", "Recovery Act", "Recovery and Reinvestment" or simply ARRA.

 

Selected articles

Due to contractual arrangements, access to some articles may be restricted to the Stanford community, and subscribers of the "Library Databases" offered through the GSB Alumni's Lifelong Learning Program. Inclusion below does not imply University endorsement of the ideas expressed.

 

Stimulus Powers Wind Power Industry ProPublica 10/21/09
The wind power industry is doing better than expected this year, thanks in part to the stimulus package, reports The Wall Street Journal’s Keith Johnson. Despite the recession, the U.S. has installed 5,800 megawatts of wind power this year, a 38 percent increase over the same period last year.
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Educational Effect of the Stumulus, Though Rose-Tinted Glasses The Ed Money Watch blog - New America Foundation 10/20/09
The White House Domestic Policy Council (DPC) with the U.S. Department of Education (ED) this week released the report "Educational Impact of the American Recovery and Reinvestment Act." The report paints a rosy picture of the effect of ARRA funds on state education spending and reform.
ARRA funds have no doubt helped states make ends meet during the economic downturn. But our work suggests that, despite a positive impact on education spending, the full effects of ARRA remain to be seen due to the slow rate at which states have disbursed funds to school districts.
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Ed Lazear, White House Council of Economic Advisers Wall Street Journal Report 10/8/09
GSB professor Ed Lazear speaks with Maria Bartiromo about expectations for earnings season amid concerns about the economic recovery, with skyrocketing gold and commodities prices, and a weakening dollar. He also responds to whether an additional stimulus package is required.
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Cabinet Marks 200 Days of Stimulus Washington Post 9/3/09
Vice President Biden delivers his latest defense of the Obama administration's economic recovery efforts today at the Brookings Institution, while four Cabinet secretaries will make a series of coordinated appearances to mark the 200th day of the economic recovery program.
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Broadband Companies to Feds: Keep Your Stimulus Money ProPublica 8/14/09
Major broadband carriers are turning their backs on stimulus money, reports The Washington Post. The stimulus package offers $7.2 billion in grants to spread high-speed Internet access, but three big players — AT&T, Verizon and Comcast — have decided not to apply for the funds, according to industry sources.
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Inside the US stimulus program: Implications for three industries
McKinsey Quarterly 7/09
The American Recovery and Reinvestment Act (ARRA) of 2009 represents the largest government intervention in the US economy since the New Deal. The total cost comes to a towering 5.4 percent of GDP—almost equal to federal expenditures on everything but military and mandated social programs during 2008. More than 70 percent of the money is to be spent by the end of fiscal year 2010.
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Dept. Energy Approves State Energy Plans The Epoch Times 7/2/09
The U.S. Department of Energy has approved 16 State Energy Program spending plans as part of a $508 million program authorized as part of the federal economic stimulus package.
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ARRA Launches Obama's Green Revolution Petroleum Economist 3/09
This article reports that an approach to stimulate economic activity in the U.S. energy industry was signed into law by U.S. President Barack Obama on February 17, 2009. The first prong of the American Recovery and Reinvestment Act of 2009 (Arra) is the use of grants and loan guarantees, administered by the Department of Energy (DOE), to support investment.
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More Articles

Congressional Budget Office releases estimated macroeconomic impacts of ARRA U.S. Congressional Budget Office 3/2/09
Memo sent to Charles E. Grassley, Ranking Member of the Finance Committee, on the short-term and long-term effects of the American Recovery and Reinvestment Act of 2009 including the net effects on economic output and employment in the near future.
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The American Recovery and Reinvestment Act of 2009: Saving and Creating Jobs and Reforming Education ED.gov 3/7/09
The American Recovery and Reinvestment Act of 2009 (ARRA) provides approximately $100 billion for education, creating a historic opportunity to save hundreds of thousands of jobs, support states and school districts, and advance reforms and improvements that will create long-lasting results for our students and our nation including early learning, K-12, and post-secondary education.
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Taking Apart the $819 billion Stimulus Package Washington Post 2/1/09
The centerpiece of President Obama's domestic agenda is an $819 billion economic stimulus plan. The Senate will consider the measure this week, with an eye toward the amount of tax cuts and spending. Republicans and Democrats spar over what to consider a tax cut. An analysis by the nonpartisan Congressional Budget Office tallies the tax-cut portion to be significantly less than the one-third Democrats claim it to be.
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10Minutes On the US Stimulus Package Price Waterhouse Coopers 2/09
Take 10 minutes to understand the $787 billion ARRA signed by President Obama on February 17, 2009.
PwC sees the Act as an attempt to invigorate a faltering economy marked by rising job losses, falling GDP, continuing uncertainty in the capital markets and world economic weakness. The plan targets short- and long-term economic results.
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Stimulus Gone Bad New York Times 1/25/09
Op-ed piece by Paul Krugman. House Democrats and the White House have reached an agreement on an economic stimulus plan. Unfortunately, the plan — which essentially consists of nothing but tax cuts and gives most of those tax cuts to people in fairly good financial shape — looks like a lemon.
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Stiglitz: Stimulus Must Be Big, Provide Relief To States Morningstar.com 1/14/09
U.S. policymakers designing an economic stimulus package need to think big, avoiding an overemphasis on tax cuts and focusing on immediate relief to struggling state governments, Nobel Prize-winning economist Joseph Stiglitz said Wednesday.
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Page updated by: Helen Losch