"Race to the Top" Fund for Education

Today, President Obama announced a new $4.35 billion educational fund. From the Department of Education's website:

"President Obama joined US Secretary Arne Duncan in announcing the draft application for the $4.35 billion "Race to the Top" Fund.

This largest-ever federal investment in education reform will reward eligible states for past accomplishments and create incentives for future improvement in four critical areas of reform: adopting rigorous standards and assessments; recruiting and retaining effective teachers, especially in classrooms where they are needed most; turning around low-performing schools; and establishing data systems to track student achievement and teacher effectiveness."

View the archived webcast from the URL above or read the remarks from President Obama from the White House's website.

Is this in time to help our schools?