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Obama to sign $787 billion stimulus
With CBO projecting that 74.2 percent of the spending and tax cuts come in the next 18 months, the bill meets Mr. Obama’s goal of 75 percent of spending coming before the end of fiscal 2010.
Mr. Obama also is taking steps to make sure that as the money’s spent, it matches his pledge of accountability.
His team is preparing a basic version of www.recovery.gov, which the president has been touting for weeks and will allow anyone to track the spending.
A senior administration official familiar with the site’s launch said it will start with a basic framework but over time will become more sophisticated as the money is spent on construction and other projects.
“It’s not just going to be a pretty graph. We will be providing the data and saying here’s how we’ve decided to present these numbers, and some basic source files so you can present it your own way,” the official told The Washington Times, requesting anonymity because the site has not launched.
The site will allow people to flag items, comment and participate in the conversation about how the economy has affected them and how the recovery package might help, the official said.
Republicans have balked at the price of the stimulus package, and even at CBO’s best-case scenario of 3.6 million extra jobs at its peak in 2010, that works out to nearly $220,000 per job.
“Imagine how many jobs could be created if the legislation was focused on meaningful economic growth rather than special-interest spending,” said Sen. Charles E. Grassley, Iowa Republican, as the bill came before the Senate for a final vote late last week.
• Jon Ward contributed to this report.
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