DENVER (CBS4) – President Barack Obama held up his jobs plan on Tuesday at Lincoln High School and promised it would help Colorado’s economy.

In CBS4 Political Specialist Shaun Boyd’s latest Reality Check report, she put his speech under the microscope. Read the complete transcript of her report below. Obama’s comments from his speech are in italics.

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Pass this jobs bill and right here in Colorado thousands of construction workers will have job again.

You tell Congress pass the American Jobs Act and there will be funding to save the jobs of thousands of Colorado teachers and cops and firefighters.

It’s true. The plan does earmark money for construction on schools and roads and money for hiring teachers and first responders. But you need to know the jobs will likely be temporary. When the money runs out so does the work.

The president also promises help for those who have jobs.

If we get Congress to pass this bill the typical working family in Colorado will get more than $1,700 in tax cuts next year.

It’s true. The president’s plan calls for extending and expanding a payroll tax holiday set to expire at the end of the year. That may get Republican support, but the rest of his plan …

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Everything in the American Jobs Act is the kind of proposal that’s been supported by Democrats and Republicans in the past.

That’s an overstatement. Many of the proposals have received only token Republican support.

The president also stretches the truth when it comes to paying for his plan.

Everything in it will be paid for.

Not exactly. Half the money comes from repealing the Bush tax cuts, which Republicans adamantly oppose. The president accuses them of not wanting to give him a win.

This isn’t about giving me a win. It’s about giving peole who are hurting a win.

The bottom line is President Obama may indeed believe his plan will create jobs, but his own job likely depends on its passage, too.

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Watch the complete report in the video clip below: