The White House plans to unveil new proposals for job creation in September, the New York Times said yesterday. The debate in the White House is over how ambitious those programs should be.

Chicago’s own William Daley, President Obama’s chief of staff, wants Obama to stay on the “pragmatic” road, according to the NYT’s sources. Daley and Obama’s senior adviser, David Plouffe, are counseling the president to propose ideas that can pass Congress—free trade agreements, better patent protections for inventors—”even if they may not have much economic impact,” the NYT said, because they feel it makes him more electable.

Others in the administration, including Obama’s chief economic adviser, Gene Sperling, favor a bolder approach: Obama should propose ideas that could significantly improve the economy—and soon—but that would require a new round of stimulus spending.