(CNN) – President Barack Obama signed legislation Friday that will overhaul the U.S. patent system for the first time since 1952.
"We have to do everything we can to encourage the entrepreneurial spirit wherever we find it," Obama said at a signing ceremony at a high school in Arlington, Virginia. This measure "cuts away the red tape that slows down our inventors and entrepreneurs."
Listen here to the Political Notebook as CNN’s “State of the Union” anchor Candy Crowley and Bob Costantini talk about advice the president’s getting on jobs proposal. And a prominent Democrat thinks the plan should be for 10 years!