On February 17, 2009 President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). This was in response to the worst economic crisis in the U.S. since the Great Depression. At the time, private employers had cut almost 4 million jobs and trillions in dollars in household wealth had been wiped out.
The Council of Economic Advisors has released its final report to Congress which affirms the investments made through ARRA have had a positive impact on the economy. We not only see the effects of ARRA through the millions of jobs it helped create, but we also see how ARRA has helped in the classroom.