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Wednesday, February 25, 2009
Biden Speaks to Economic Recovery Cabinet
By Kathryn Elizabeth Tuggle
FOXBusiness
On Wednesday, Vice President Joe Biden met with members of President Barack Obama’s Cabinet to discuss the first steps necessary in getting money from the stimulus package to the aid of the American people.
In President Obama’s speech on Tuesday evening, he addressed the arduous task facing the recovery team, but said that “nobody messes with Joe,” speaking of Vice President Biden, as a reason he had put Biden in charge of the recovery plan.
Wednesday, Biden said that the stimulus package is meant to “drop-kick" the economy out of recession, and addressed the need for getting money distributed quickly. He also gave a stern warning to anyone who might plan to misuse the funds given to them, saying he would go on television and embarrass members of federal, state and local governments performing incorrectly.
Biden said that 95% of American families would see their paychecks go up no later than April 1. The first installment of stimulus money will be $15 billion going towards healthcare. After that, a $10 billion installment of stimulus money will be given to the Department of Housing and Urban Development on Wednesday to help homes become more energy efficient.
Next week, more announcements are expected. Biden made mention of breaking ground for other projects including roads and bridges, schools and renewable energy.
The Recovery.gov Web site, which was set up to answer questions about how the stimulus money is being spent, has been flooded with more than 3,000 hits per second, according to Peter Orszag, President Obama's budget director.
Biden said in the meeting that he and other members of the cabinet were going to “follow the money” to ensure it was going where it was meant to go. Orszag added that procurement officers are needed to regulate and manage the money effectively in order to speed up job creation.
Biden said that once a week the committee will be asked for “progress reports” to determine where they need help and what any shortfalls are in the program.






