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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Obama Concludes 'Sober' Meeting With CEOs

President Obama just concluded what he called a "sober" meeting with a number of leading chief executives to push his $825 billion economic stimulus plan.

Obama said he hopes to sign a stimulus bill into law in the "next few weeks." The House is planning to vote on the bill tonight, possibly as early as 7 p.m.

Obama threw some red meat to conservatives, saying that "the vast majority of new jobs created will be in the private sector; business, not government, is the engine of growth in this country."

If a stimulus plan is passed -- and Obama said he is "confident" it will be -- the president said taxpayers can click on www.recovery.gov to see how their money is being spent.

The site is not up yet but includes this statement: "Check back after the passage of the American Recovery and Reinvestment Act to see how and where you tax dollars are spent. An oversight board will routinely update this site as part of an unprecedented effort to root out waste, inefficiency, and unnecessary spending in our government."

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  January 28, 2009; 11:50 AM ET
Categories:  The Ticker  | Tags: Obama, stimulus plan  
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Comments

As long as lobbyists and private contractors are lining up at the the public trough, there will be fraud and waste. Guaranteed!

Posted by: morningglory51 | January 28, 2009 5:05 PM | Report abuse

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