Statement on the launch of Recovery.gov

by Barack Obama

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 element in our country's future. The size and scale of this plan demand that unprecedented efforts to root out waste, inefficieny, and unnecessary spending.

Recovery.gov will be the online portal for these efforts, publishing information about how the funding secured by the legislation will be spend 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. 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.