1. Analysis: Obama jobs plan reinvigorates growth outlook

    WASHINGTON (Reuters) - President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.
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    1. What you come down to is that there is no silver bullet, no magic bullet that this president or anyone can propose that would drive unemployment down to 5 percent in the next year.
    2. These payroll tax reductions are the proposals that have the greatest chance of getting passed by Congress because it will be harder for Republicans to vote against proposed tax cuts.
    3. It gives money disproportionately to people at the top of the income scale. Higher income individuals are more likely to save the money, they don't need to spend it on essentials, so the effective impact is lessened.
    4. Is this going to be more than a panacea for our problems? It is hard to tell.
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