Will Obama's Jobs Speech Inspire Confidence? - Yahoo! NewsCOMMENTARY | There are no great expectations of the president's jobs speech slated for tonight. The bottom line is that the economy needs at least 150,000 new jobs per month to break even, and GDP must grow at a minimum of 3 percent.
In simplified terms, there are two opposing political philosophies at work.
There is the Keynesian model of getting federal money into the economy by one means or another. People who hold this view believe that past Obama stimulus plans failed because the government didn't spend enough on infrastructure jobs, unemployment benefits, federal hiring, 'green' technology, and social welfare.