August 14th, 2009
03:00 PM ET
5 years ago

Cafferty: Obama’s transparency promise on bailout, stimulus $

 When it comes to stimulus and bailout money, has Pres. Obama kept his promise of transparency?
When it comes to stimulus and bailout money, has Pres. Obama kept his promise of transparency?

(CNN) – Pres. Obama has been promising the American people transparency ever since he was on the campaign trail.

And, when it comes to the $700 billion dollar bank and auto bailouts, known as TARP, and the $787 billion economic stimulus package, the president vowed an unprecedented level of openness.

A lot of information has been made public through websites like recovery.gov and financialstability.gov. The administration calls these sites “pioneering” compared to how government worked in the past.

But we’re talking about almost $1.5 trillion dollars here – and there is key information that the public doesn’t know about how and where this money is being spent.

To read more and contribute to the Cafferty File discussion, click here.


Filed under: President Obama • Stimulus
soundoff (58 Responses)
  1. S M R

    Believe me folks, this President is trying everything he can to turn this Country in the right direction. 98% of the population will benifit from all the hard work the the Obama Administration has put forth. This money is staying home, strenthening all aspects of "OUR Nation" and in the end will be known as one of the greatest Administrations in "OUR HISTORY".

    August 14, 2009 04:45 pm at 4:45 pm |
  2. Heidi

    And since t his is new and unpressidented did you think you would know where all the money was being used within 90 days? Come on and give me a break stop sounding like your hunting for ratings.

    August 14, 2009 04:52 pm at 4:52 pm |
  3. A Canadian Bogeyman

    Praise him Praise him Praise him. Lord God Obama.

    August 14, 2009 04:52 pm at 4:52 pm |
  4. Buster

    Obama has lied so many times he has forgotten what the truth is. Pick a subject and he has lied about it.

    August 14, 2009 04:54 pm at 4:54 pm |
  5. John

    Revolution means:

    1. The process of incompetent getting automatically eliminated.

    2. Just like in the Competitive Market, Products that are Good, will Sell.

    3. Revolution does not happening by choice, it is a happening by necessity.

    4. Obama is not making the Revolution to Happen. Obama is the end result of the Revolution. Obama was elected as the President, because of the Revolution against Bush and the incompetent GOP.

    5. Revolution is not caused by Obama, rather Obama is the result of the Revolt of the People against GOP.

    6. Obama is the Outcome of a Revolution, he is not the one who brought the Revolution.

    7. The real Revolution is yet to Come, when GOP will be Extinct and Perished.

    August 14, 2009 04:54 pm at 4:54 pm |
  6. S M R

    Transparency like "wire tapping"and "waterboarding" ?

    August 14, 2009 04:55 pm at 4:55 pm |
  7. bam

    Expectations for our President have gone from 0 to 10 overnight. With Bush, every stupid thing he said and every antiAmerican thing he did was greeted with a ho-hum, there he goes again. With President Obama, every word is put under a microscope, twisted, judged, and amplified. There is no longer any accountability in the media for reporting things accurately. Thank goodness President Obama makes the effort to speak directly with the American people.

    August 14, 2009 04:56 pm at 4:56 pm |
  8. Robin

    Transparent? Sure it's as clear as mud.

    August 14, 2009 04:57 pm at 4:57 pm |
  9. S M R

    Transparency like " the real reason for the invasion of Iraq"?

    August 14, 2009 05:02 pm at 5:02 pm |
  10. D. Tree

    Jack, It's all there for anyone who cares to look.

    The problem isn't how open this White House is compared to others – its the fact that people aren't that interested in the facts anyway.

    August 14, 2009 05:05 pm at 5:05 pm |
  11. Jerry

    Of course there is no need for accoutability when the media is not doing its job , Obama is a menace to the American people , the media just will not tell them.

    August 14, 2009 05:05 pm at 5:05 pm |
  12. S M R

    Transparency like "records of all the Taxpayers money in Cheneys over seas account"?

    August 14, 2009 05:05 pm at 5:05 pm |
  13. Daisy

    He said he would make the information available.

    He did not say he would draw it out in crayon for you.

    August 14, 2009 05:08 pm at 5:08 pm |
  14. Maximus (NY)

    Obama's administration is the only era where democracy seems to recover its true meaning in America. Every cat, dog, pig, rat, snake, horse, cow, and monkey gains their freedom of speech opining, inquiring, criticizing, and opposing. I guess they don't miss Bush's regime at all. Knock yourselves out people, speak all you can, because, comes a republican regime, all this freedom will come to an end. Obama= Transparency= democracy=free speech.

    August 14, 2009 05:11 pm at 5:11 pm |
  15. Hahaha

    From my vantage point, you are one silly pompous man (one of many) who watches the slanted pro-Obama perspective CNN feeds you every day and attempts to regurgitate it on the internet, wanting to appear smart and sophisticated. Clearly, despite your efforts to sound smart, you are clearly not as smart as you think you are. CNN's potrayal of a transparent Obama presidency has been motivated more by a less than partial view potrayal of his presidency from the beginning, and, hint hint, they haven't been partial against him. Seriously, who actually says "from my vantage point" when he means to say "in my opinion" just because "vantage" is a bigger word than "opinion" and he wants to sound smart on CNN's website? And you know the word inception too. Congratulations.

    August 14, 2009 05:16 pm at 5:16 pm |
  16. Liu

    He is a biiig spender, without any experience or regards for the deficit which the future generations will have to burden.

    August 14, 2009 05:16 pm at 5:16 pm |
  17. MJ

    More BS – Wonder if I will become a target for the White House "list". If you want socialized health care than just wait for what else is in the works. This is the beginning to the end to America.

    August 14, 2009 05:19 pm at 5:19 pm |
  18. Thinking Voter

    Once the jobs are back, very few will criticize the President. I believe future Americans will consider him one of our greatest leaders.

    Transparency is just something we've not had before. I think folks don't know how to handle that without looking for the cynical inverse of the silver lining.

    August 14, 2009 05:24 pm at 5:24 pm |
  19. Me

    I agree with Aaron. He's been very clear that he's a socialist with an anti-liberty, Constitution-breaking socialist agenda. Just because the media swept it under the rug doesn't mean he wasn't saying it.

    August 14, 2009 05:42 pm at 5:42 pm |
  20. dominican mama 4 Obama

    All of a sudden everyone wants to know everything. I guess taking it up the hard way for decades finally wore out our sense of trust in government, Certainly the shrub/Cheney administration did wonders for public trust. However I can't help but think: do we really care how the money is being spent? Do we really care about how healthcare reform will ultimately be paid for? We certainly, to this day, are not up in arms about Bush leaving OUT OF THE BUDGET THE $10BILLION spent MONTHLY in the Iraqi war over the span of SEVEN YEARS. So how seriously can our newly discovered interest in government finances really be taken?

    I am an advocate of disclosure, and transparency. I also realize that this economic collapse has left us jittery, and watchful. I guess I need to go back to the history books and see if FDR suffered this much scrutiny when he tried to rebuild this nation after the Great Depression. Something tells me, though, that that was not the case. I could be wrong.

    August 14, 2009 05:47 pm at 5:47 pm |
  21. Gus

    Wait a minute Jack, Wasn't TARP passes in September?
    straightening out the Bush debacle on TARP is going to take some time. So far Obama has done what he said he was going to do. Correcting a mess 8 years in the making takes time. 7 months is a little quick to render judgment, just thank God Bush stopped taking Cheney's advice or it might have been worse,

    August 14, 2009 05:48 pm at 5:48 pm |
  22. jae

    I think the President and his administration have been very open to the American public, and I believe he is giving everything he has to make American work again. He probably has done more in 6 months in his administration than Bush did in 8 years.

    I commend his earnestness and his dedication to his oath and his office. As far as Health Care Reform is concerned, I know that this is something that our country needs desperately, and have needed for decades. I think the issue is being compromised now even more than during the Clinton years partly as a racial issue.

    As far as the news media is concerned, I believe that the way the media has displayed the ignorant ranting and raving at some of the town hall meetings, makes America look like an illiterate country. The people who are carrying on like fools are predominantly racist republicans who did not want Obama in office anyway. This is a way for them to fuel their pathethic ignorance, and the news media is playing right into their hands. Jack, Wolf, Anderson, and all of CNN, the best political team, Enough, already, stop showing these idiots, and give us some real news.

    August 14, 2009 05:50 pm at 5:50 pm |
  23. dominican mama 4 Obama

    As my moniker would indicate I support President Obama. Not because he's Black, but because he is an intelligent, caring, Christian who is doing his level best, against so many odds and roadblocks to get this country of ours back on its' feet. He's doing it for white folks, for black folks, for latinos, asians, and gays. He's doing it for all of us, not just the mighty rich.

    What he's done so far flies in the face of the elite and powerful. It takes guts. I admire our President for that, he has my family's and I full support.

    August 14, 2009 05:53 pm at 5:53 pm |
  24. Thuy

    SMR and Aaron MD talks about how Obama is open and honest. So what? That's nice that he is but how is he going to supposedly reform health care without raising taxes.

    August 14, 2009 05:55 pm at 5:55 pm |
  25. Truth-Bomb Thrower

    If Obama wants to promote transparency in government, he should call Nancy Pelosi and Harry (yawn) Reid and tell them to at least let members of congress read bills before they vote on them. He also may want to knock off the plants at his little townhall dog-and-pony shows.

    August 14, 2009 06:01 pm at 6:01 pm |
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