Coalition for an Accountable Recovery

After the trouble with TARP and the disappearing bailout funds, OMB Watch has joined a group The Coalition for an Accountable Recovery (CAR) which consist of more than 30 other groups calling for transparency and accountability requirements in federal recovery efforts, including the American Recovery and Reinvestment Act (H.R. 1).

This coalition states that the government needs to be accountable to the public for where all this money is going and how it is being used. That this information should be made available to the public through detailed data and research tools on a searchable website. Then the public can "judge how any recovery funds, including those to the financial sector, are being spent and to ensure that hundreds of billions of dollars of federal spending is disbursed fairly; spent with minimal waste, fraud, and abuse; and can be assessed as effective or ineffective" (OMB Watch, 2009).

After the TARP incident, let's be glad that someone is taking action!