Who in D.C. actually has the power to create jobs? Jay Powell weighs in

On the heels of a new Gallup poll that shows that just twenty-six percent of Americans approve of how President Obama is handling the economy, the President is set to meet with his economic team today before he heads to Martha's Vineyard for vacation.

On his "listening tour" throughout the Midwest this week, Obama promised that he will be presenting his own jobs plan when Congress returns in September, but how much leverage does he actually have?

Today on American Morning, Jay Powell, Treasury Under Secretary under President H.W. Bush, talks with Christine Romans about the president's probable job plan and weighs in on who has the power to get companies to start hiring.