WASHINGTON (AP) - There's still a lot more to be done. That's the assessment of President Barack Obama as he signed a jobs measure today that includes a package of tax breaks aimed at encouring the private sector to start hiring again.
It's the first of several job-related measures promised by Democrats in this election year. Obama said the legislation will help the private sector start hiring again. It includes about $18 billion in tax breaks and $20 billion into highway and transit programs.
There's plenty of skepticism that the new law will do much to actually create jobs. Optimistic estimates predict the tax break could generate perhaps 250,000 jobs through the end of the year, but that would be just a sliver of the 8.4 million jobs lost since the start of the recession.