THE TAKEAWAY – Anticipating President Obama's Plan for Job Creation

Early next month President Obama will offer a plan intended to spur the U.S. economy, with a focus on job creation and deficit reduction. Some of its proposals have been made clear: he intends to continue a two-percent payroll tax cut for workers and renew unemployment benefits. But what else might be in there? And, for that matter, what should be in there?

R. Glenn Hubbard, dean of Columbia Business School and former chairman of the Council of Economic Advisers under President George W. Bush, joins us to discuss what he thinks Obama should consider, and what is likely to be in the proposals.