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Obama Signs Jobs Bill H.R. 1586; Tier 5 Extension Soon.

US President Barack Obama had signed HR 1586 or the Jobs Bill. The bill was signed on the middle of lawmakers summer break and while the Tier 5 Extension Bill still hangs in limbo. HR 1586 provides an emergency fund of $26 billion for teachers, police and others who are in danger of layoffs.

The Jobs Bill passed by a vote of 247-161, along party lines. Democracts saw the Jobs Bill in order to help Americans provide jobs on the table and aid those that are in need. Republicans on the other hand saw the Jobs Bill as a wasteful spending by Washington.

President Obama said while taling to teachers at the Rose Garden Ceremony that the Jobs Bill was an important measure to help endangered workers, "We can't stand by and do nothing while pink slips are given to the men and women who educate our children or keep our communities safe."

The Jobs Bill would save about 300,000 teachers, police and other from being layoff. The fund will mostly go to states hardest hit by the recession.

The Jobs Bill will also provide $10 billion to school district to rehire laid-off teachers or to ensure that more teachers won't be let go before the new school year begins. The Education Department estimates that could save 160,000 jobs.

Amidst strong Republican opposition Democratic Rep. Jay Inslee said, "think those billions of dollars for those corporate loopholes is simply more important than almost 3,000 teachers and classrooms in the state of Washington."

Besides the Jobs Bill, the Senate Democrats are also hoping that they could pass the Tier 5 Extension Bill soon. The provision of such an extension was included in the "American Wants to Work Act" filed by Sen. Stabenow of Michigan.

November 2010 is an election month and will be the first test on whether the people approves of Obama and the Democrats that is why Republicans are working double time to ensure that things doesn't work at all.

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