Economists say Obama plan would create jobs, but ...   McClatchy
Newspapers  WASHINGTON_ Could it work? That's the question being
asked about President Barack Obama's big new jobs plan.
Independent experts answered Friday with a qualified yes.  The
American Jobs Act would create jobs and help keep a struggling
economy moving forward, said a number of economists. But they
cautioned that it wouldn't shift the nation's business gears
into overdrive, and it offers only modest benefits, given the
headwinds the economy faces from a moribund housing sector and
growing financial turmoil in Europe.  As only a short-term
stimulus plan, the American Jobs Act wouldn't address structural
and external problems holding back the U.S. economy. And since
the proposals' very design is transitory, it makes them
difficult to compare against the broad economic plans being
proposed by GOP presidential candidates Mitt Romney and Jon
Huntsman, who hope to replace Obama.  Macroeconomic Advisers, a
leading economic forecast group, pro