10Minutes on the US stimulus package

 Take 10 minutes to understand the $787 billion ARRA signed by President Obama on February 17, 2009.

PwC sees the Act as an attempt to invigorate a faltering economy marked by rising job losses, falling GDP, continuing uncertainty in the capital markets and world economic weakness. The plan targets short- and long-term economic results.

In this piece, we outline:

  • The administration's desired impacts of the plan
  • How the stimulus plan could change your business strategy
  • What industries and business segments will benefit
  • Key practices to keep in mind concerning accountability, transparency and control

Designers of the package hope to make both short- and long-term impacts with investments that not only create jobs and stem the decline but also pay future dividends by building infrastructure; promoting science, innovation and education; improving healthcare; and spurring clean energy.

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