Stimulus V 2.0: Will It Create Jobs?

President Obama has been making the rounds this week to talk about the economy and to offer potential legislation to jump-start the recovery. This morning, he'll be holding a news conference to do more of the same. I discussed the three economic spending plans with CBS3 this morning.

Here's a quick overview of Stimulus Version 2.0:

• $50B Infrastructure over 6 years
• $30B Accelerated Business deductions for equipment purchases
• $100B Research and Development

While infrastructure always sounds like a worthy cause, it's just not that much money and it spans 6 years, so I wouldn't expect any meaningful impact on spending or jobs. I'm not too bullish on the business tax incentives either. While they intend to get companies to spend on capital and research and hopefully create jobs alongside those new investments, it seems unlikely that the measures will have a significant effect on investment or job creation.

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

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