Today, President Obama signed the HIRE Act. This bill offers businesses a number of incentives to hire new workers and extends the Highway Trust Fund so states can continue creating and sustaining transportation construction jobs.
And, as the President said in his remarks, that recovery is getting legs:
"A consensus is forming that, partly because of the necessary--and often unpopular--measures we took over the past year, our economy is now growing again and we may soon be adding jobs instead of losing them. The jobs bill I’m signing today is intended to help accelerate that process."
One proven way to create good jobs in America is to build and maintain transportation infrastructure. By also authorizing the Highway Trust Fund through the end of 2010, this bill guarantees that states will be able to continue doing just that.
The year-end extension means transportation projects employing thousands of workers can continue without the threat of disruption by furlough episodes like the one we experienced only two weeks ago.
It also means states can plan for a more reliable funding future, allowing needed projects to continue advancing through the pipeline from idea to reality.
"Now, make no mistake: While this jobs bill is absolutely necessary, it’s by no means enough. There’s a lot more that we’re going to need to do to spur hiring in the private sector and bring about full economic recovery--from helping creditworthy small businesses to get loans that 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 that America needs done."
I couldn't agree more, and DOT stands ready to do its part.