Here's a slide that summarizes the Initial Implementing Guidance provided to agencies last week.
The Administration is committed to investing Recovery Act dollars with an unprecedented level of transparency and accountability so Americans know where their tax dollars are going and how they are being spent. The guidance issued today contains critical action steps that Federal agencies must take immediately to meet these objectives and to implement the Act effectively.
Obama's approach is pointed squarely at the dysfunctions of government management and operations, e.g. serving the bureaucracy trumps serving the public; get funded for one thing, use (some of) the money for something else; blow the money feeding the procurement, contracting, and auditing machinery; blow the money on unaccountable vendors; set no real measures for success, etc...
Recovery Act