Because of the Great Recession that began in 2007, the American Government had to react fast on the economy so that the Great Recession would not become another depression. President Barack Obama proposed adjustments that would benefit the job market but also the nation as one.
Main points that were proposed: Obama proposed that his plan would add 2 points to the GDP growth of 2012. Adding 1.9 million jobs and lower the unemployment rate by a percentage point.
The president’s plan includes a wide range of temporary tax cuts and spending increases.