Wednesday, July 29

The Stimulus Is Working

From Fast Lane, the Department of Transportation blog:

Here's the scorecard:

•$22 billion--nearly half of DOT's stimulus money--made available to the States;
•Over 6,600 projects approved
•Over 3,200 projects underway right now

And the future promises even more boosts to economic activity:

•$8 billion in high-speed rail development
•$1.5 billion in TIGER discretionary grants

Sounds great to me. Let's remember, there was never a promise of immediate relief. The President never said that no one would ever lose their job ever again. The stimulus is about creating and sustaining jobs as well as rebuilding our national infrastructure and expanding green technology to have a more robust economy and a better national future. There is a long way to go, but we could not have started without the stimulus.

Ray LaHood, the Secretary of Transportation, says it more succinctly:

I know the stimulus can't make up for every job our economy has shed. But we have supported over 5,000 jobs already, with up to 500,000 more on the way once the full effect of this landmark program is felt in the transportation industry.

And every job we do create or preserve should be counted as a victory.

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