Few economists were hopeful about 2009. After the recession began in earnest in 2008, many just hoped that the U.S. could find a pathway that would lead it staggering toward recovery.
A month after his January 2009 inauguration, new President Obama signed into law a $787 billion stimulus package aimed at creating jobs, widening benefits for the unemployed and helping states control revenue shortfalls.
As the year came to a close, economists debated the effects of the stimulus, but despite signs of a nascent recovery, few disagreed that 2009 was a year to forget.
Georgia had its share of low points. The state has more failed banks than any other and an unemployment rate that ended a full 3 percentage points higher than in 2008.
GlobalAtlanta‘s coverage often reflected the general effects of the downturn but also observed many acute disappointments affecting the international community in the state:
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