Right now, President Obama is delivering a speech to the Brookings Institution about his plans for a jobs stimulus. Since the White House advertised that TARP has come $200 billion under budget, they're going to argue that they have room to put forth a hefty jobs stimulus initiative. Early reports, rumors and press releases indicate that the emphasis will be on expanding credit to small businesses, spending lots of money on infrastructure projects (possibly a combination of public works projects and grants to infrastructure companies) and significant tax incentives and subsidies for clean energy projects. More to come when Obama makes his speech and I can comment on the full transcript.