Obama signs bipartisan transportation, student loan bill
The transportation bill funds construction for transportation projects in every congressional district in the nation.
July 6th, 2012
06:55 PM ET
2 years ago

Obama signs bipartisan transportation, student loan bill

Washington (CNN) - President Barack Obama signed on Friday a transportation funding and student loan bill which passed Congress last week in a rare election-year compromise between Republicans and Democrats.

In an unusual show of bipartisanship, members of both parties were on hand for the White House ceremony, including members of the administration, Congress, as well as state and local governments.

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Filed under: President Obama
soundoff (17 Responses)
  1. Gurgyl

    Roads are getting much better now than Bush era. True. No potholes.
    PS: shhhhh not iraq roads.

    July 6, 2012 07:01 pm at 7:01 pm |
  2. Mikey

    I guess it would be too much to hope for the bi-partisanship to continue.

    July 6, 2012 07:11 pm at 7:11 pm |
  3. Four and The Door

    "This bill will keep thousands of construction workers on the job rebuilding our nation's infrastructure," Obama said on Friday. "This bill will keep interest rates on federal student loans from doubling this year, which would have hit nearly seven and a half million students with an average of a thousand dollars more on their loan payments."
    _______________________________________________________________________________________________
    Although I should first say that I'm not opposed to passage of the bill, in spite of the fact that this is an election year, it is obvious from these statements that Obama has no interest in being honest with the public. First of all, this is not by any stretch of the imagination a jobs bill. It is spending on infrastructure and if infrastructure needs maintenance ( and I'm sure it does ), what's wrong with just saying it's an infrastructure spending bill? If it was a "jobs" bill it is obscenely expensive for the few temporary jobs it creates. Apparently the President must be feeling bad about his performance with unemployment and felt compelled to highlight the minor 'jobs' component of it.

    The second thing is that yes, keeping the interest rates low on student loans sweeps the problem of ridiculous education costs under the rug for more time, but in the long run this artificially low interest on education funding only encourages education costs to keep going up. As I have said in the past, why not just pre-approve every high school graduate for interest free $100,000 a year school loans for 4 years? The reason is because very quickly the cost of school would approach an average of $100,000 a year and these young adults would start their lives after completing school with $400,000 of debt. I don't think that's where we want to go with education in the US. We need to eventually come up with an alternative.

    July 6, 2012 07:22 pm at 7:22 pm |
  4. Darryl

    This Bill should have been signed a long, long time ago. The transportation part of it is part of P.Obamas Jobs Act in there. The republicans had to go along with it as a part of the Student loan stuff because they didn't want back-lash. The President handed Both Congresses his Jobs Act over a year ago and the GOP would NOT even look at it. All they wanted was to stop the President at every level they could so the people of this country would view him as weak and not a leader.They really have been very much of the obstruction and supression that the public have been wittnessing and experienceing for the last 3 1/2 years.This has been deliberate and the people across this country do know that now.This is why people are starting to rally behind Pres.Obama like they did in 2008 and 2009. I think the republican Party discredited itself when they listen to the T-Party and Grover Norquist. They may have done some irreavokable damage that will never be respected again. The collapse of this country was to much and people do not forget and sometimes forgive eighter.

    July 6, 2012 07:33 pm at 7:33 pm |
  5. mcskadittle

    Thank You Mr President!

    July 6, 2012 07:42 pm at 7:42 pm |
  6. poopmeister

    Just wait for it, Mitt will have his criticism about this as well. If only Romney could list one thing that Obama has done right, then he might earn some respect going through the rest of the election cycle.

    July 6, 2012 08:19 pm at 8:19 pm |
  7. Larry L

    Republicans need to take down the names of those who actually compromised with the Democrats to get something done. This is totally against everything the Tea Party stands for and can't be tolerated! Next they'll be considering doing something to help middle-class families – without first trying to protect the ultra-rich. We can't have that!

    July 6, 2012 08:35 pm at 8:35 pm |
  8. Phil Thomas

    what city do you guys live in I see plenty of people white and of color working in construction. The assumption just because some one is Latino they are illegal is insane, get over your racism and focus on making our country better. stop teaching your kids this useless hate. Rush Limbaugh instructing the GOP to not support one thing this president does from his throne and Mitch McConnell stating he will do what ever he can to make the President a one term president made it hard for me to a support another GOP lackey In this election. The obstruction is so painfully obvious by the RNC, its shameful and I just hope voters send a message because if they don’t we will have a the same cycle repeat it self with the Dems

    July 6, 2012 08:40 pm at 8:40 pm |
  9. T'sah From Virginia

    Wow – Bipartisan still exists!!!

    Obama 2012 – The Only Trusted Way Forward!!

    July 6, 2012 08:41 pm at 8:41 pm |
  10. Thomas

    "There's only one candidate - Gov. Romney - who's committed that he will repeal the Obamney - the Obamacare tax increase,” Jindal said.

    Bobby , Bobby , Bobby , your wrong !

    July 6, 2012 08:42 pm at 8:42 pm |
  11. ge

    thats different building roads and bridges in america, how did they ever get the republicans to go along with that,why don,t they sell dick cheneys billion dollar embassy in iraq to the iraqi,s .to pay for some of the roads in america

    July 6, 2012 08:52 pm at 8:52 pm |
  12. J.V.Hodgson

    I think two things are essential in moving toward bi partisan ship.
    1) No money project based earmarks to buy votes for legislation.
    2) No legalistic " earmarks" like mixing student loans with Transportation or Keystone pipelines or back door partial repeals of health care in other legislation for funding purposes. Amendments must be soley related to the essence of the bill eg transportation, oil pipeline and student loans are separate legislation needin sparate deprtmental funding education and energy!?
    3) If its new legislation or new money it gets funded by a budget appropriation for the relevant department or agency and has to be funded by a transport related tax if necessary or savings elsewhere in the transport related bill. That gets you along way towards an eventual balanced budget.
    Do those and its clear who is gaming the system of checks and balances.
    Regards,
    Hodgson.

    July 7, 2012 12:47 am at 12:47 am |
  13. Gurgyl

    Good. Congress should pass jobs bill. I call HSA went to phillipines, then to India. Stop it.

    July 7, 2012 06:56 am at 6:56 am |
  14. Marie MD

    You folks still think the bishop is safe this November? The members of the Taliban teapublikkkan party are running scared!
    This is one of the few times in the last four years that the rethugs cross the line and do what they are voted to do and handsomely paid for (including the best medical insurance in the world) and remembered that we, then people, are their bosses. Not norquist northe Koch bros nor rove!!! It wasn't easy as they ragged their feet. Lets not forget that either!!

    July 7, 2012 07:12 am at 7:12 am |
  15. Gurgyl

    Go for High Speed Railway-lines....link Miami to NY, NY to LA, LA to San Fransisco etc., Obama12.

    July 7, 2012 07:28 am at 7:28 am |
  16. Jules

    Another victory for President Obama. Has the GOP finally got the message that this country wants the parties to work together to find solutions? The solutions are not going backwards, but finding a way forwrd. You cannot put toothpaste back in the tube, so if something needs to be revised or fixed work together to get it done.

    July 7, 2012 07:57 am at 7:57 am |
  17. charlesName

    About time congress did something good for the people. So giving a good thing for congress for once. Now keep it going. We have to spend $$ to make $$. Put us to work and then we can pay our taxes and work on our defecit. With out work we can't pay taxes to pay our deficit or nothing else. So thanks congress.

    July 7, 2012 09:47 am at 9:47 am |