Actually, it didn’t.

Via Washington Examiner:

President Obama on Wednesday defended his 2009 stimulus package and unveiled a new initiative that would provide grants for repairing the nation’s infrastructure.

Speaking from the Union Depot in St. Paul, Minn., the president cited the station, which had been refurbished and improved thanks to TIGER grants from the stimulus, as an example of successful spending to improve infrastructure and create jobs.

The president said the stimulus had “actually worked, despite what everybody claimed” and announced a competition for a new round of federal grants to fix the nation’s roads, bridges and transportation hubs.

“I’m here to launch a new competition for 21st-century infrastructure and the jobs that come with it,” said Obama.