MW: Obama: Jobs plan is insurance against double-dip
By Greg Robb
WASHINGTON (MarketWatch) - President Barack Obama said Monday that Congress should pass his jobs plan because it would be insurance against a double-dip recession. "When you look at what independent economists are saying about the American Jobs Act- my jobs plan - uniformly what they are saying is this buys us insurance against a double-dip recession and it almost certainly helps the economy grow and will put people back to work," Obama said in an interview with NBC News. Obama will speak about the $450 billion later this morning from the White House. He will formally send the plan to Congress later this evening. It combines tax breaks and incentives for hiring with spending on transportation and other projects.
