Appearing before a joint session of Congress, President Obama outlined his American Jobs Act. Some on Capitol Hill said it was a rehash of other ideas. House Majority Leader Cantor says he heard some proposals that probably can be accomplished.
President Obama plans to take his job creation message to the American people in the coming weeks. Nevada has the highest unemployment rate in the country. A group of people, who are employed, watched Obama's speech, and most of them are not convinced his plan would create good long-term jobs.
Before a joint session of Congress Thursday night, President Obama outlined what he called the American Jobs Act, and he repeatedly called on lawmakers to pass it "right away." Among other things, the proposal includes a cut in payroll taxes for both employers and employees.
With the nation facing the specter of a renewed recession and Washington virtually paralyzed by partisan gridlock, President Obama sought to pressure GOP lawmakers in his speech to a joint session of Congress. He dared the Republican-led House to block his proposals for a new stimulus of targeted tax cuts and spending.
Robert Siegel talks to economists Phillip Swagel, a former assistant secretary for economic policy at the Treasury Department, and Christina Romer, President Obama's first chair of the Council of Economic Advisers.
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