Discover and read the best of Twitter Threads about #ARRA

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1/7 Young adults are getting rocked by this recession. If we learned anything from the #GFC, we know the recovery will be slow & costly for them. But doesn’t have to be. We can act now to prevent another “lost” generation. My take: newamerica.org/education-poli… @NewAmericaEd
2/7 Recessions hit young people hard. Recoveries reach them late. Already, youth #unemployment has topped 14%. Many students are rethinking college plans, questioning the wisdom of taking on debt in this economy. Tens of thousands of US teens are MIA from virtual HS classes.
3/7 If young people disconnect at high rates from school and the #workforce, the costs will be enormous—both to them and to our economy. The #CARES Act may provide relief to a subset, but many of our most vulnerable young adults will not benefit.
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American Recovery and Reinvestment Act (ARRA), enacted by the U.S. Congress & signed into law by Pres. Barack Obama in 2009, designed to stimulate the U.S. economy by saving jobs jeopardized by the Great Recession of 2008–09 and creating new jobs #DemHistory #ForAll
Obama’s first major legislative effort was to enact a recovery program that would stimulate the economy by creating or saving millions of jobs and staunching the bleeding from the recession. #DemHistory #ForAll #DemsWork4USA
#ARRA introduced in the House of Representatives less than a week after Obama assumed office/on 1/28/09 the House passed its version of the bill, which envisioned an $819B package of gov spending & tax cuts & was passed without the support of any Republicans #DemHistory #ForAll
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