Obama's Plan for Creating Jobs

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Today, before leaving for Europe to pick up his Nobel Prize, the President met with leaders of both parties to talk about jobs. During the meeting, he acknowledged the "less than full bi-partisan support for the Recovery Act and other steps that have broken the free-fall of our economy." Afterward, he repeated the outline of a plan proposed yesterday in a speech in Washington. Saying that the TARP bailout won't cost as much as predicted, the President wants part of the windfall to help create jobs. With the employment picture improving, what's the rush? Should the unexpected money all go to pay down the deficit?




Warren Olney