Will a $300 billion jobs plan turn the economy around?

We're learning more about the President's jobs plan this morning, including it's potential price tag.

Democratic sources tell our chief White House correspondent Jessica Yellin that the President will call for an extension of payroll tax cuts and unemployment benefits.

Also believed to be included in President Obama's plan:
* Spending on infrastructure, including renovating dilapidated schools.
* Funds for first responders.

The plan would cost $300 billion, but would be offset by the same amount in spending cuts.

This morning on American Morning, The Washington Post's Perry Bacon and economist Steve Bell on if President Obama's rumored $300 billion jobs bill is enough to improve the economy and lower the unemployment rate.