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OPINION

Obama Defends Economic Policies, Need for Tax Increases In 'Today' Interview

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In an interview shown on NBC's Today show Tuesday, President Obama rehashed some of his recent policies for job creation but offered no new insights about his economic plans for the year.
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Co-host Ann Curry spoke to Obama after he visited Durham, N.C., on Monday to meet with his Jobs and Competitiveness Council about how to boost short-term job growth and spoke to workers in a manufacturing plant. Asked why businesses were so slow to hire new workers while spending much more on equipment, Obama spoke of structural changes in the economy caused by technology -- ATMs instead of bank tellers, airport kiosks instead of ticketing agents -- that have made businesses function with fewer employees.

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