President Obama Focuses on Jobs, Officials Warn of Further Job Losses

For small businesses, the president will propose alternatives such as a tax credit to boost hiring. For individuals, Obama will suggest incentives and rebates for homeowners that retrofit their homes to make them more energy efficient.

Obama held a jobs summit at the White House last week, inviting business executives to discuss ways to create more employment.

On the infrastructure front -- an area that has received a large portion of money from the $787 billion stimulus -- Obama will push for increased investment to modernize highways and railways, bridges and tunnels, airports and seaports.

Romer said these plans are along the same lines as those proposed by the administration earlier, such as Cash for Clunkers, or extending unemployment insurance.

"It's important to realize this has been an ongoing process. We did some very dramatic actions last winter to try to stop the free fall but there have been a series of actions since then," Romer told "GMA." "And this is on that... same trajectory."

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