SOUTH JERSEY--- Promising it will create jobs and jolt the economy into recovery, President elect, Barack Obama, made public on Thursday, an outline of his huge, $1 trillion dollar economic plan.

In his first major speech since the election, Obama warned of the dire consequences of not pumping an unprecedented amount of money into the faltering U.S. economy, "....I know the scale of this plan is unprecedented, but so is the severity of our situation."

The plan calls for the creation of jobs through infrastructure -- roads & bridges -- programs, along with the construction and updating of schools. Obama also says that jobs would be created by the funding of alternative energy programs.

The President elects plan also calls for a number of tax cuts/reductions for individuals and families.

Not everyone however, is entirely sold on the idea of spending an almost unlimited amount of taxpayer money to get out of a recession.

"...Right now it seems like he's just throwing a lot of stuff at everything, so there's going to need to be a focus here," said local financial expert, Paul Rubillo, founder & C.E.O. of Dividend.com.

According to Rubillo, spending a trillion dollars, on top of what is now expected to be, over a trillion dollar federal deficit, could have it's share of dangers, "....when you spend that much money, when you print that much money, you're laying the groundwork for potentially, what they call 'super inflation'."

Joe Molineaux, Director of the Small Business Development Center of Southern Jersey, says that Obama's economic plan...could work, "....it could be the saving grace, it could be exactly what everybody needs, or it could have some elements that we might want to be concerned about."

Molineaux says a lot of details about the plan still have to be made public, and he says he's aware that there will be a good deal of negotiations, and changes made to the plan over the next several weeks, or months, "....I think everybody agrees that something needs to be done."