The ARRA or the Recovery and Reinvestment Act of 2009 of America was a fiscal stimulus law that was passed by the US government in order to alleviate the Great Recession that happened in 2008. This is the correct and elaborated answer to your question and there are other interested facts about this act that we are going to disclose soon.
There is a common name for this act and that is the Obama Stimulus. This act has more than one initiative for federal spending. The initiatives are intended to increase the economy create jobs, and maintain small companies in the financial crisis of the country. There was another motive behind this and that is to reduce the tax burden.
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