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Phil Picardi

Two economists assess TARP and job creation

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President Obama is expected to unveil a new proposal today designed to spur job creation.

The Treasury Department predicts the Troubled Assets Relief Program bank bailout will cost $200 billion less than previously forecast. Obama is expected to use a speech today to outline how he'd like to see that money spent.

MPR's Phil Picardi spoke with two Minnesota economists to get their opnions. Jeanne Boeh chairs the economics department at Augsburg College, and Art Rolnick is vice president of the Federal Reserve Bank of Minneapolis.