Reporting from Warren, Mich. -- With unemployment continuing to climb, President Obama on Tuesday unveiled a plan to pump $12 billion into the nation's community colleges over the next 10 years to help struggling workers prepare for new careers, saying a better educated work force is critical to long-term prosperity.

"Time and again, when we have placed our bet for the future on education, we have prospered as a result -- by tapping the incredible innovative and generative potential of a skilled American work force," Obama said.

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