"President Barack Obama plans to propose sparking job growth by injecting more than $300 billion into the economy next year..."

"... mostly through tax cuts, infrastructure spending and direct aid to state and local governments."

Almost half the stimulus would come from tax cuts, which include an extension of a two-percentage-point reduction in the payroll tax paid by workers due to expire Dec. 31 and a new decrease in the portion of the tax paid by employers.

It's big enough to upset Tea Party types, but not big enough to impress his lefty critics. I think the President's reelection strategy is to be really rather dull and middling... and to count on the other side looking extreme.