How America can create jobs

The nation’s entrepreneurial prowess may be the best hope to stem 9.7 percent unemployment. Companies from a laser-tech firm to a baby-sitting network are harnessing new ideas – and helping reinvent the economy.

Ernest Lavigne talks about a new oil filter that allows drivers to go much further without an oil change. It is part of GreenGarage.com’s new business plan.

View news clip on CBS