The Leader's Ledger

Posted by Brian Patrick on

Good Morning,

This weekend, Former Speaker Pelosi said on CNN’s State of the Union, “When the jobs are – the unemployment rate is high, it's hard for the incumbent to win. I remind you, though, we're not the incumbent. The Republicans are the incumbents.” What the Democrat Leader conveniently didn’t mention is that the $787 billion ‘stimulus’ bill, ObamaCare, higher taxes, and ideological pursuits like cap and trade are the hallmarks of a Democrat-controlled Washington. High unemployment, massive debt, and a pervading uncertainty about the private sector are the results of the Obama Administration’s failed economic policies. Incumbent Democrats who control two-thirds of the decision making in Washington have pushed backward policies that have failed to improve the economy, and even now, President Obama and his party have not produced a real plan to create jobs.

In contrast House Republicans are implementing policies that remove the obstacles to economic growth and job creation that have been put in place by Washington Democrats over the last several years. Our Plan for America’s Job Creators will help foster economic growth in the private sector to create jobs, reduce burdens on families and small businesses and manage down our debt. The House Republicans’ plan will mean more jobs and more growth for this economy.

Today In History: In 1985, after 59 years, the iconic Route 66 enters the realm of history, when the American Association of State Highway and Transportation Officials decertifies the road and votes to remove all its highway signs.

Birthdays: Captain Kangaroo, Ross Perot, Khloe Kardashian and Tony Fratto

Here is what’s in today’s Ledger ...

State Of Play: Deficit Reduction Comes From Cutting Spending & Growing The Economy, Not Raising Taxes 

Leader Cantor: Tax Hikes On Job Creators Are Counterintuitive. We went into these talks, usually two or three times a week and they would last 2 to 2 ½ hours every time, and we actually got some work done and arrived at a blueprint where we could see at least $2 trillion in cuts to go ahead and make sure we begin to get Washington back in terms of fiscal balance. But the problem was, last week, what we saw was a turn in the tenor of those meetings and it was clear that the other side would not accept cuts without raising taxes. Right now, the economy is priority one, and to raise taxes and expect people to create jobs is just counter intuitive. … I think that the best way to get the economy going again is to get the private sector and small businesses to grow jobs. That’s how we’re going to see more revenue come into Washington and see more middle class jobs created. … I told the Vice President, we’ve settled this issue last November. Let’s do what every American is having to do in their business and household and let’s manage down the debt and deficit so we can see our way to balance. WRVA Richmond’s Morning News

  • Pelosi: Tax Hikes Must Be A Part Of Deficit Reduction. “It has to be about increasing the revenue stream as well,” Pelosi said Sunday on CNN’s "State of the Union". The Hill

Sen. McConnell: We Need To Cut Spending and Promote Growth, Not Raise Taxes. What Republicans want is simple: We want to cut spending now, we want to cap runaway spending in the future and we want to save our entitlements and our country from bankruptcy by requiring the nation to balance its budget. We want to finally get our economy growing again at a pace that will lead to significant job growth. The Democrats' response has been a mystifying call for more stimulus spending and huge tax hikes on American job creators. That's not serious, and it is my hope that the president will take those off the table today so that we can have a serious discussion about our country's economic future. CNN

Parker: Cantor Leads The Fight To Cut Spending, Put America Back On Track Towards Growth and Prosperity. According to press accounts, the Republican House majority leader called it quits on talks between Democratic and Republican leaders because Democrats refuse to give in on raising taxes. ... We are in nothing less than hand-to-hand combat, fighting for what America is about and what it takes to get this country back on track of growth and prosperity. Whether we are, most fundamentally, a welfare state in which government runs the show, or whether this is a free country in which free, private citizens run the show. ... Any tax increases today simply accommodates the recent massive, misguided and destructive expansion of government. Spending cuts and rollback of government are our only hope. Keep it up, Mr. Cantor. The Boston Herald

Pro-Growth: 2% Economic Growth Is Unacceptable, Demonstrates Need For Pro-Growth Economic Policies

Why We Need A Pro-Growth Strategy: A 5% Economic Growth Rate Is Required To Significantly Bring Down The Unemployment Rate. The economy expanded at an annual rate of 1.9 percent in the January-March period. Many economists believe that growth is only slightly better in the current April-June period. ... Still, growth must be stronger to significantly lower the unemployment rate, which was 9.1 percent last month. The economy would need to grow 5 percent for a whole year to significantly bring down the unemployment rate. Economic growth of just 3 percent a year would hold the unemployment steady and keep up with population growth. The Associated Press

  • Reducing The Record Level Of Federal Spending Would Remove The Threat Of Future Tax Increases, Create More Room For Private Sector Expansion and Growth. With spending at 24% and debt held by the public at 70% of GDP—both modern records—the U.S. needs drastic spending cuts to head off a downward future spiral of tax increases and unaffordable interest payments. As Milton Friedman taught, spending is the real measure of government's burden on the private economy, and reducing it leaves more resources for private actors to spend and invest. The Wall Street Journal

ObamaCare Update: Your Doctor May Be Getting A Visit From “Big Brother” Courtesy Of President Obama

Doctors Appalled By President Obama’s Plan To Deploy Teams Of Fake Patient “Mystery Shoppers” Into Doctor’s Offices. Alarmed by a shortage of primary care doctors, Obama administration officials are recruiting a team of “mystery shoppers” to pose as patients, call doctors’ offices and request appointments to see how difficult it is for people to get care when they need it. ... Plans for the survey have riled many doctors because the secret shoppers will not identify themselves as working for the government. “I don’t like the idea of the government snooping,” said Dr. Raymond Scalettar, an internist in Washington. “It’s a pernicious practice — Big Brother tactics, which should be opposed.” ... Dr. George J. Petruncio, a family doctor in Turnersville, N.J., said: “This is not a way to build trust in government. Why should I trust someone who does not correctly identify himself?” Dr. Stephen C. Albrecht, a family doctor in Olympia, Wash., said: “If federal officials are worried about access to care, they could help us. They don’t have to spy on us.” Dr. Robert L. Hogue, a family physician in Brownwood, Tex., asked: “Is this a good use of tax money? Probably not. Everybody with a brain knows we do not have enough doctors.” The New York Times

The Road Ahead: President Obama Pushes More Regulation, Driving Up Cost For Consumers

  • President Obama’s Proposed Regulations Could Raise Vehicle Prices By As Much As $6,000. "The government's own reports indicate that this would be a steep climb with costs," said Gloria Bergquist, a spokeswoman for the Alliance of Automobile Manufacturers, the industry's main trade group. She said research shows such big gains in fuel economy could raise vehicle prices by $6,000 or more. Government officials have estimated the costs of the new standards would add between $770 and $3,500 to a new car in 2025. The Wall Street Journal

Dem Divide: Tensions Continue To Mount Between President Obama and Leader Pelosi

  • Key Pelosi Ally: Relations Between Pelosi and The White House Aren’t Good. Rep. George Miller (D-Calif.), a close confidant of Pelosi’s, acknowledged the tensions between the White House and House Democrats. “Not great. Not great,” Miller said. “Listen, this is a rough-and-tumble world, but I think their relationship with the caucus has not been good.” The Washington Post

Off The Beaten Path

Well Played: Flight Crew Travels 2,500 Miles For A Primanti Bros. Sandwich – The Associated Press

The Newest Beach Blanket ... Sand 

GOP Health Care Reforms