via public choice theory, or corruption. However, the government can also take externalities into account, such as how new roads or railways benefit users who do not pay for them, and choose investments that are even more beneficial although not profitable. Supporters of Keynesian economics are typically strongly in favor of stimulus. Austrian economic school and Rational expectations economists are typically against stimulus. Notable examples The Economic Stimulus Appropriations Act of 1977 was a stimulus package enacted by the 95th United States Congress and signed into law by President Jimmy Carter on 13 May 1977. The Economic Stimulus Act of 2008, signed on February 13, 2008 by President George W. Bush, was intended to boost the United States economy in 2008. The American Recovery and Reinvestment Act of 2009 was a stimulus package enacted by the 111th United States Congress and signed into law by President Barack Obama in February 2009 developed in response to the Great Recession. The Thai Khem Khaeng was a Thai economic stimulus investment program imposed by the government of Abhisit Vejjajiva in 2009. The Kenya Economic Stimulus Program was a spending plan initiated by the Government of Kenya to boost economic growth and lead the economy of Kenya out of the 2007–2008 Kenyan crisis and the Great Recession The Chinese economic stimulus program of 2008-2009 was a RMB¥ 4 trillion stimulus introduced during the financial crisis of 2007–2008. The $2trillion CARES Act in response to the COVID-19 pandemic was signed by President Donald Trump in March 2020. The $1.9 trillion American Rescue Plan Act of 2021 was signed into law by Joe Biden on March 11, 2021. The July Jobs Stimulus was €7.4 billion stimulus package announced by the Government of Ireland on 23 July 2020 in response to the economic impact of the COVID-19 pandemic in the Republic of Ireland. The Government of the Republic of China issued ROC consumer voucher during the Great Recession and Triple Stimulus Vouchers during the COVID-19 recession in Taiwan. See also Gross fixed capital formation#Economic analysis NAIRU National fiscal policy response to the Great Recession Policy mix References Fiscal policy Keynesian economics