A Second Stimulus Package

The main purpose of the economic stimulus package was to prevent the re-emergence of the panic that gripped investors in 2008. It also aimed to restore trust in the finance industry by further limiting bonuses for senior executives for companies that received TARP funds (Recovery.gov). The $787 billion economic stimulus package was approved by Congress in February, 2009. The plan was to jumpstart economic growth, and save between 900,000 - 2.3 million jobs. The economic stimulus bill allocated funds as follows: $288 billion in tax cuts, $224 billion in extended unemployment benefits, education and health care, and $275 billion for job creation using federal contracts, grants and loans. If America needed a second round of economic stimulus package like the American Recovery and Reinvestment Act of 2009, as an advisor to the president I would provide both positive and negative impacts, gains and losses , monetary and inflationary impacts, trade and trade deficits impacts, and tax considerations.
Although the economic stimulus package was to be spent over ten years, the bulk was budgeted for the first three fiscal years: $185 billion in 2009, $400 billion in 2010 and $135 billion in 2011. The Plan did better than that. By October 30, 2009, over $241.9 billion had been spent: $92.8 billion in tax relief, $86.5 billion in unemployment and other benefits and $62.6 billion in job creation grants. By October 8, 2010, the program had spent $554.4 billion :$243.4 billion in tax relief, $163.2 billion in entitlements and $147.8 billion in contracts, grants or loans. (Recovery.gov) .The CBO projected these funds would increase GDP growth by 1.4% - 3.8% by the end of 2009. This did not mean GDP growth was positive. The economy could remain in recession, defined as negative GDP growth. In fact, the CBO forecast the economy would be down 3% for 2009.(Recovery.gov) I would advise the president based off positive and negative impacts. One positive impact is based off of simple