Front Row Seat to The Recovery

February 20, 2009

Speaking today to the US Conference of Mayors, President Obama outlined some of the details of The American Recovery and Reinvestment Act. Full details will be posted on a new website with an introduction video by The President:

“In the face of an economic crisis we haven’t seen since the great depression, The American Recovery and Reinvestment Plan represents a strategic and significant investment in our country’s future. The size and scale of this plan demand unprecedented efforts to root out waste, inefficiency, and unneccesary spending. Recovery.gov will be the portal for these efforts. Publishing information about how the funding secured by the legislation will be spent in a timely targeted and transparent manner. Instead of politicians doling out money behind closed doors, the important decisions about where taxpayer dollars are invested will be yours to scrutinize. Right now recovery.gov provides projections based on the planning that went into the legislation. And once the money starts to go out to build new roads, modernize schools and create new jobs, you’ll be able to see how, when and where it is spent. So take a look now, but come back often. Recovery.gov will be changing and growing a lot in the weeks and months ahead and we’re counting on your participation. Thank you.”