The administration didn't provide immediate details, but said it would work with Congress on crafting legislation. Steve Nadel, director at the American Council for an Energy-Efficient Economy, who's advising on the bill, said a homeowner could receive up to $12,000 in rebates.

The proposal is part of the President's larger spending plan, which also includes money for small businesses, renewable energy manufacturing, and infrastructure.

We know energy efficiency "creates jobs, saves money for families, and reduces the pollution that threatens our environment," Obama said. "With additional resources, in areas like advanced manufacturing of wind turbines and solar panels, for instance, we can help turn good ideas into good private-sector jobs."

On the heels of Obama's speech on creating jobs, Cash for Caulkers is more evidence that the president is in fact looking out for middle class families. It seem like his opponents are either accusing him of being a "socialist" or saying that the man is in the back pocket of Wall Street tycoons -- or both, as if the two don't cancel each other out. But with Cash for Caulkers, Cash for Clunkers, his new jobs plan and his continued efforts to improve health care in this country, it cannot be denied that President Obama is doing more to help hard-working people in his first year than George Bush did in eight.

Does that mean the president is doing a perfect job? No. But I hope that programs like Cash for Caulkers, if it is passed as part of a larger bill targeting the middle class, is appreciated as a much-needed step in the right direction for the fiscal security of average Americans

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