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Stimulus Check is a term that first used during the 2008 year when President Bush sent out $600 Stimulus Checks to every man and women in American in hopes of stimulating the ailing economy. The 2008 stimulus check was sent out over the course of several months based on the recipients last 2 digits of their SSN. The stimulus check became popular because it was free money that the government was handing out to everyone. At this point the economy was showing signs of slowing down as the lay offs were continuing to mount. People were looking forward to their stimulus check that was supposed to be used to spend in retail stores to stimulate the economy, but many people used this stimulus check money to pay their bills.
In early 2009 people were wondering when there 2009 stimulus check was going to come and if they were going to get one and when. The stimulus check was once again being eyed as free money that was to be handed out to everyone to help cover their bills and expenses, not so much as the original purpose of the stimulus check in 2008 when President Bush designed the original stimulus check to stimulate the economy.
During late 2008 into 2009 what started with President Bush and later President Obama began to bail out many of the large corporations right and left. It was several billion here for this company then another similar amount for another. In Feb 2009 President Obama signed the $800 billion American Recovery and Reinvestment Act of 2009 into effect that provided stimulus funds for companies for bailouts and stimulus checks for retried and other tax benefits for those working. The large out cry from the American people about where is my stimulus check. Had the government taken that bailout money and given a single stimulus check to everyone, it could have amounted to several grand each. Instead President Obama sent out the 2009 stimulus check and other stimulus initiatives outlined by the 2009 stimulus act.
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