Urging our nation's leaders to end hunger
 

So, Did the Stimulus Work?

120223-stimulus
Screenshot from the Center for American Progress.

In 2009, almost exactly three years ago, members of Congress voted to pass the American Recovery and Reinvestment Act, otherwise known as the economic stimulus.

The Center for American Progress released a video that examines the effectiveness of that legislation. The video notes that after the stimulus, the rate at which the nation’s gross domestic product decreases is slowed; the number of jobs begins to gain; and private-sector layoffs begin a dramatic decline. Ultimately, the film concludes, “these graphs tell the same story. By early 2009 the economy was headed off the cliff. But all of a sudden, just after we enacted the stimulus, the country swerved away from the edge and started heading back in the right direction.”

Whether you agree or not, it’s important to note that the stimulus package included funding for programs that protect poor and hungry people. Specifically,

  • $500 million for the Women, Infants, and Children special nutrition program (WIC);
  • $150 million in extra commodities for food banks;
  • a temporary 13 percent increase in food stamp payments;
  • and important improvements to the Earned Income Tax Credit and Child Tax Credit that helped millions of families out of poverty.

For many low-income families, the stimulus package provided funding for programs that kept them from going hungry.

So what’s your take? Did the stimulus work? Watch the Center for American Progress video below, and share your thoughts in the comments.


JCHOI_SMWKNDJeannie Choi
is associate editor at Bread for the World. Follow her on twitter @jeanniechoi.

 

 

« Lenten Reflections: Day Two David Beckmann to Speak at Wheaton College »

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341d945753ef016301e43187970d

Listed below are links to weblogs that reference So, Did the Stimulus Work?:

Stay Connected

Bread for the World