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President obama's just finished a 32-minute speech to a joint session of congress laying out $447 billion legislative plan he calls the american jobs act. the centerpiece of his proposal is cutting the payroll taxes for workers and employers. the president is also calling on congress to extend business tax cuts and to inject much more federal money into infrastructure, construction, and repair projects. president obama said everything in the plan has been supported by both democrats and republicans and that everything in this bill will be paid for. joining me now is nbc news political director...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

President showed the country that he was the one out there that was going to fight for the middle class, fight for jobs, fight for ordinary, hard working, out of work americans. did you watch john boehner during the speech? the tan seemed to fade as it went on. they thought the president was going to underdeliver. he raised expectations very high. he delivered. >> he gave the republicans a lot tonight, bob. he told them it was going to be paid for, and it is 447 billion. that's music to the republicans' ears. they have been talking spending cuts all along, also the corporate tax rate, he wants...

We'll talk to the man who led the effort to protect the u.s. after 9/11, the nation's first secretary of homeland security, tom ridge, he's up next in a couple of minutes. martha: we're getting a flood of reaction to president obama's jobs plan, in a speech to congress last night. he urged lawmakers to end the, quote, political circus and pass his $447 billion bill. the president says it will create jobs and he believes that it will indeed jumpstart the economy. listen to this: >> it will provide a jolt to an economy that is stalled and give companies confidence that if they invest and if they...