President Obama has unveiled a new round of economic stimulus proposals to address unemployment. On Tuesday, Obama called for small business tax cuts, infrastructure spending and a “cash for caulkers” program that would provide incentives for home weatherization. Obama said an anticipated lower cost of the Wall Street bailout could help fund his plan.

President Obama: ”TARP is expected to cost the taxpayers at least $200 billion less than what was anticipated just this past summer. And the assistance to banks, once thought to cost taxpayers untold billions, is on track to actually reap billions in profits for the taxpaying public. So this gives us a chance to pay down the deficit faster than we thought possible and to shift funds that would have gone to help the banks on Wall Street to help create jobs on Main Street.”