Document Type

Honors Capstone Project

Date of Submission

Spring 5-1-2010

Capstone Advisor

Professor Don Dutkowsky

Honors Reader

Professor Elizabeth Ashby

Capstone Major

Economics

Capstone College

Management

Audio/Visual Component

no

Capstone Prize Winner

no

Won Capstone Funding

no

Honors Categories

Social Sciences

Subject Categories

Economic History | Economics

Abstract

This paper tracks and analyzes the American Recovery and Reinvestment Act (ARRA) of 2009, better known as the Obama stimulus plan during the 2009 year. As one of the most expensive public policies in history, the ARRA was designed to turn around an ailing economy by creating and preserving jobs, investing in key areas, providing relief to States and individuals, and tax cuts. Thus, it is important and useful to track the policy in order to see if it is doing what it is supposed to. Using federal agency Financial and Activity Reports, I create detailed graphs showing where the stimulus money has gone, what the money has been spent on, and how much of the money has been spent. In the creation of the ARRA, President Obama promised a transparent process. The website, www.recovery.gov, provides detailed information to the public on how the ARRA works and where the money is going. This website provides the data I used to track the ARRA. This paper finds that the stimulus, by the end of 2009, is on track and that 2010 will see the remaining bulk of money spent as expected. A third of the non-tax provisions have been spent. Of this money spent, approximately twice as much was spent on entitlement provisions than contracts, grants, and loans. The major entitlement provisions included unemployment compensation and Medicaid. The major programs that saw money through contracts, grants, and loans were State relief for education budgets and developing transportation infrastructure.

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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