Greg Ip gives a fairly measured and detailed rundown at the Economist. Ryan Avent chimes in and says, "It's not a perfect plan, but nothing that emerges from Washington is. It's not going to magically generate strong growth; the Fed's upcoming meetings are more important. It is a package of sensible steps presented in a sensible way."
Felix Salmon doesn't like Obama's rhetorical style, but loves parts of the plan.
Paul Krugman says, "I was favorably surprised by the new Obama jobs plan, which is significantly bolder and better than I expected."
Yglesias opines here. "I do wish the President had spent a bit more time focusing on the slightly wonky subject of bond yield rates..."
And more conservative reaction from David Frum here. "Qua speech, it was excellent – clear, focused, unrhetorical."