There were concerns in the process, of both accountability and transparency, as in the case of the troubled asset relief program (CGF, 2009). Some stabilization packages such as the ARRA came under scrutiny because the unemployment rates did not go down, as was the intention of the ARRA programs. The Fiscal push was estimated to create a positive turn around, however, this was not the case in reality, and it peaked to 9.6 percent as was estimated but did not have a positive turnaround. However, these are concerns of the society, and economy of the United States alone might not be enough to explain it. Low wages might not have motivated people to seek jobs, and this could be the reason why unemployment rates did not drop.
The economic recession was also affecting other sectors, and the Federal Reserve section 13(3) was implemented (This section was previously implemented during the great Depression). The law was enacted in order to help increase money flow using the as pertaining to the stimulus program, the Primary Dealer Credit Facility (PDCF). A 600 billion dollars package was used in these initiatives in order to bring back the economy to a recovery phase (Yellen, 2009).
The fiscal and the monetary policies that were formulated were created in order to bring the economy back to a self manageable recovery phase. The falling GDP, the increased unemployment rates, lowered consumption, and more led to the failure of many businesses. Financial institutions announced bankruptcy. The United States Administration working at both the federal level, both under direct supervision of the President and from the authority of the Federal Reserve, by implementing both fiscal and monetary packages was able to bring back the country’s economy to a more recovered state as the past years GDP indicates.