Our textbook notes that Congress passed, and President BarackObama supported, the 2009 American Recovery and Reinvestment Act,also known as the “Federal Stimulus,†in an effort to support theflagging US economy. After reviewing this section of your textbook,research the current level of the federal budget deficit. Comparethis to Congressional Budget Office (CBO) projections. Given yourfindings, evaluate the success of the Federal Stimulus. Discuss thefollowing questions: Did the stimulus package pump enough moneyinto the economy to prevent a complete failure of the economicsystem? Would the government have reemerged from the recessionwithout the stimulus? Is the US better or worse off, economicallyspeaking?
