President Barack Obama’s $447 billion jobs plan would help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year, according to economists surveyed by Bloomberg News.

On Thursday, September 8, President Obama outlined the details of the American Jobs Act during an address to a Joint Session of Congress.

The number of unemployed persons, at 14.0 million, was essentially unchanged in September, and the unemployment rate was 9.1 percent. Since April, the rate has held in a narrow range from 9.0 to 9.2 percent.President Obama climbs back on board his big, black armored bus this week to shore up his popularity in a couple of battleground states and revert to Plan B in his campaign to pass a $447-billion jobs package, focusing on specific elements of the bill that he wants Congress to approve right away.

Now comes phase two: beating up Republicans for standing in the way of job-creating legislation while using that pressure to hopefully at least get parts of the bill passed.

Read the press release and scroll down the page to read the jobs plan.

Senate Republicans have put out a sweeping plan they’re dubbing the “Real American Jobs Act.” It’s mostly a roundup of about two dozen GOP bills, but it also includes one significant new proposal that Republicans are billing as “comprehensive tax reform.” The GOP’s plan so far defers most of the concrete details — including how they’d pay for broad-based tax cuts — to later.

President Barack Obama asked lawmakers to again consider increasing taxes for high earners, private equity managers and oil and gas companies to pay for his $447 billion job-creation package, running into Republican resistance along the way.

“…still, since not all of the reports about the Buffett Rule have been accurate, I want to clarify what we mean – and why the President believes this is an important principle. So let’s look at what this rule is and is not.”

The rich don’t pay lower average tax rates.

Can tax cuts “pay for themselves,” inducing so much additional economic growth that government revenue actually increases, rather than decreases? The evidence clearly says no.

President Obama on Monday called for Congress to adopt his plan to reduce the federal deficit -- a package that includes $1.5 trillion in tax increases, primarily affecting wealthy individuals and American corporations. Experts debate the role of tax policy in the U.S. economy.

“By 45% to 32%, more Americans want their member of Congress to vote for rather than against a jobs bill similar to the one President Obama proposed last week, with the rest having no opinion.”