The known as Recovery Act was a package of economic stimulus to overpass the Great Recession. It was enacted in February of 2009 by former President Obama.
The primary objective was to save existing jobs and create new ones. Along with relief programs to those who were more affected by the crisis.
It was based on the Keynesian theory that states, during an economic crisis or recessions the government should increase the public spendings in order to balance the decrease in private spending. That must be done to save jobs and prevent further economic deterioration.
The Congressional Budget Office estimated that the act increased the deficit by $200 billion for 2009.
