Originally Posted by Sly

I'm confused. Just found this segment of an interview, don't know the full context of what was said. From this blip, it sounds like tax cuts for the rich and extended unemployment has the potential to create millions of jobs?

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The economy will move "backward" if lawmakers don't approve a deal to extend tax cuts for the rich in exchange for more unemployment benefits, President Obama said Thursday.

"Every economist that I've talked to or that I've read over the last couple of days agrees that this agreement will boost economic growth over the next couple of years and has the potential to create millions of jobs," Obama said at a meeting with his Export Council.

Families will welcome tax cuts in their paychecks in January with the deal, Obama said, warning that "if this framework fails, the reverse is true." He added, "Americans would see it in smaller paychecks that would have the effect of fewer jobs."