...“the most transparent administration in the history of our country” is now four reports behind schedule and has so far not released any reports whatsoever in 2012. Its most recent quarterly report is for the quarter than ended on June 30, 2011.It does seem like President Obama is afraid of it these days...
Indeed, the old reports that the administration released begin, “As part of the unprecedented accountability and transparency provisions included in the American Recovery and Reinvestment Act of 2009 (ARRA), the Council of Economic Advisers (CEA) was charged with providing to Congress quarterly reports on the effects of the Recovery Act on overall economic activity, and on employment in particular.”
Section 1513 of the ARRA further specifies, “The first report…shall be submitted not later than 45 days after the end of the first full quarter following the date of enactment of this Act….The last report required to be submitted…shall apply to the quarter in which the [Recovery Accountability and Transparency] Board terminates under section 1530.” Section 1530 declares, “The Board shall terminate on September 30, 2013.”
In other words, the Obama administration is required by law to submit quarterly reports on the “stimulus” through the third quarter of 2013. Yet the administration has apparently found it more convenient to stop after the second quarter of 2011 — more than two years early. Or perhaps it has just decided to put the release of these reports on hold until after the election. Either way, the Obama administration is now in violation of the president’s most prominent piece of legislation this side of Obamacare.
Saturday, October 20, 2012
Don't Mention The Stimulus
Once again, President Obama is ignoring his own rules: