• Obama will lay out a $3 trillion deficit reduction plan, including $580 billion in spending cuts–$320 billion of which would come from federal health care entitlements–$1.5 trillion in new revenue from ending exemptions in the tax code, letting the Bush tax cuts on the highest income levels expire, and setting a new minimum rate on

…

• Obama will use a bridge in Boehner’s district to press his stimulus bill.
• A once bullish John Ellis is unimpressed by Perry’s recent performances.
• He hasn’t been consistent on Afghanistan.

• Yet to be introduced, Obama’s jobs bill faces a number of defections from Senate Democrats.
• Obama allies worry about 2012.
• The Times senses Jewish democratic flight.

• Republicans win special House elections in New York and Nevada.
• With all the usual caveats, the political environment appears similar to last year’s.
• Elizabeth Warren turns the populism up to 11 in Senate announcement:

• The full text of Obama’s American Jobs Act.
• His payfors are taxes on the rich.
• Despite David Axelrod’s admonition that “It’s not an a la cart menu,” Obama says he’d sign a partial bill.

• Obama will send “American Jobs Act” legislation to Congress tonight along with rhetorical push from the Rose Garden.
• Congressional Republicans handle Obama’s stimulus proposal with caution.
• Some 31 million Americans watched the President’s jobs speech. For comparison: 27 million watched the Saints-Packers game right after, and 5.4

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• If you missed it: Full text and video of Obama’s stimulus speech.
• Paul Krugman was pleased by parts of the plan and the rhetorical shift from austerity.
• Conservatives aren’t going to go for it. 

• Obama to dub $300 billion stimulus plan “The American Jobs Act” in tonight’s speech before Congress.
• David Leonhardt sees a trend toward double dip in the data.
• Here’s what to read if you missed last night’s debate.
• Camp Romney declares all out war on Perry over Social Security.

• The pricetag on Obama’s forthcoming stimulus proposal: $300 billion, a little more than half of which would go to extending the payroll tax cut and unemployment benefits.
• The Wall Street Journal ed board gives Romney’s jobs plan a tepid review for being “timid” on tax cuts and entitlements, overly “tactical” in scolding China on

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• Labor day recap: Obama channeled Truman, Elizabeth Warren all but announced in Massachusetts, Andrew Cuomo defined the President’s “enemies,” Ohio kept its eye on collective bargaining, Hoffa got worked up and the GOP field worked to prove its conservative cred in South Carolina.
• Yet more polls find pessimism running high and

…

• The great economic stall has become literal: Zero net jobs were added in August as the unemployment rate remains at 9.1%
• The Federal Housing Finance Agency will sue a dozen megabanks over mortgage securitization, sliding in under the statute of limitations and complicating the states’ foreclosure fraud settlement talks.
• Banks are

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• Obama’s approval hit a new low in Quinnipiac and now consistently averages in the low 40s.
• He isn’t a lock.
• Applying the Lichtman methodology to Hoover.
• Perry promises social conservative notables his closet is skeleton-free.
• PAC filing reveals a few megadonors and family members are keeping Huntsman afloat

• Perry has a lead, albeit a smaller one, in another national poll.
• Anecdotally, the left has noticed.
• John Ellis thinks Perry’ll be unstoppable if he survives the fall debates.
• He became a millionaire doing land deals during his time in office.