In a press conference today at Transportation Department in DC, President Obama said the taxpayer-funded effort is working. He said construction projects are being completed on time and under budget. Evidently the $787 billion is doing exactly what it was supposed to do. Read more about it in The Washington Post.

Interestingly enough, today the Arizona Department of Transportation is reporting that even though the stimulus package will generate about 6,000 construction jobs, they have lost about 77,000 jobs in the past year.

“We’re not looking a gift horse in the mouth. All of something is better than all of nothing,” said David Martin, president of the Arizona chapter of the Associated General Contractors. “But there is far more need than what the stimulus package will underwrite.”

You can read the full article here.