Jobs Bill signed into law

President Obama signed a $18 billion jobs bill into law today. The bill is to stimulate job growth as well as give tax breaks to small businesses. There is also a $20 billion initiative in it to for transit and highway reconstruction.

Both Democrats and some Republicans were able to work together to make sure this got passed to stimulate a recovery U.S. economy.

“While this jobs bill is absolutely necessary, it is by no means enough,” Obama said during a sunny Rose Garden bill signing ceremony. “There is a lot more we need to do to spur hiring in the private sector and bring about a full economic recovery; from helping creditworthy small businesses get the loans they need to expand, to offering incentives to make homes and businesses more energy-efficient, to investing in infrastructure so we can put Americans to work doing the work America needs done.”