Its Not Looking Good For Obama's Jobs Plan

The Senate appears headed towards rejection of President Obama's $447 billion jobs plan. However, the White House will speed up environmental and other regulatory approvals for 14 public works projects across the country, anyway. The President's Council on Jobs and Competitiveness has also issued a series of policy overhauls it thinks will create jobs, including increased spending on road and bridges and loosening immigration policies. The council is also proposing a rollback in regulations and a more business-friendly tax system. The 27-member council is chaired by Jeff Immelt, the chairman and CEO of General Electric. AFL-CIO President Richard Trumka, AOL co-founder Steve Case and Facebook Chief Operating Officer Sheryl Sandberg also serve.