The Leader's Ledger

Posted by Brian Patrick on

Good morning, 

The jobs numbers this morning show unemployment hit 9.2% in June and that the economy added only 18,000 new jobs – a very disappointing report that reinforces our top priority must remain job creation and economic growth. Even as the President is requesting a debt limit increase, Democrats continue to push for higher taxes that will delay economic growth and impede job creation. With millions of Americans out of work, it simply does not make sense to raise taxes on working families and small businesses. The House will not support any move to raise taxes. Period.
Today In History: In 1776, a 2,000-pound copper-and-tin bell now known as the “Liberty Bell” rings out from the tower of the Pennsylvania State House (now Independence Hall) in Philadelphia, summoning citizens to the first public reading of the Declaration of Independence. Four days earlier, the historic document had been adopted by delegates to the Continental Congress, but the bell did not ring to announce the issuing of the document until the Declaration of Independence returned from the printer on July 8.

Birthdays: Kevin Bacon, Toby Keith, Gov. George Romney, Wolfgang Puck Tomorrow: John Tesh, Fred Savage, Tom Hanks and Kelly McGillis

Here is what’s in today’s Ledger ...

State Of Play: Our Focus Needs To Be On Pro-Growth Policies That Spur Job Creation and Manage Down The Debt, Not Raising Taxes

#Obamanomics - Job Growth Stagnant, Unemployment Rate Swells To 9.2%. U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months. Nonfarm payrolls rose only 18,000, the weakest reading since September, the Labor Department said on Friday, well below economists' expectations for a 90,000 rise. The unemployment rate climbed to a six-month high of 9.2 percent, even as jobseekers left the labor force in droves, from 9.1 percent in May. ... Signs the labor market is struggling is a major blow for the Obama administration, which has struggled to get the economy to create enough jobs to absorb the 14.1 million unemployed Americans. The economy is the top concern among voters and will feature prominently in President Barack Obama's bid for re-election next year. ... The report shattered expectations the economy was starting to accelerate after a soft patch in the first half of the year. CNBC

Leader Cantor: Republicans Will Not Agree To Raise Taxes On Working Families and Small Businesses. Economic growth and job creation must remain the top priority for this Congress. Small businesses and job creators face tremendous economic uncertainty from the onslaught of new regulations, the threat of higher taxes, and skyrocketing gas prices, which is making it harder for businesses to hire and preventing capital investment. Over the last two years, Democrats have hindered real economic growth by trying to spend and regulate their way to growth, but all that has resulted in is unemployment over 8.5 percent for 28 consecutive months, and a national debt over $14 trillion. Yet even as he is requesting a debt limit increase, President Obama nor his party have offered a concrete plan to manage down the debt, grow the economy or create jobs. And in an affront to basic economic sensibilities, they continue to insist on raising taxes on working families and small businesses who we are counting on to create jobs. Let me be clear, Republicans will not agree to tax increases. Period. Majority Leader Cantor

  • Chief Deputy Whip Peter Roskam: White House Plan To Raise Taxes Leaves Small Business Owners Scratching Their Heads. “Small business owners are scratching their heads when they look at Washington and they are flummoxed at the idea that the remedy the White House is proposing is to increase taxes on them.” Press Release

Time For A Retraction? Senior White House Adviser: A High Unemployment Rate Doesn’t Matter To The American People. President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate. Plouffe should probably hope that’s the case, since dismal job figures aren’t expected to get any better for Obama and the economy on Friday. “The average American does not view the economy through the prism of GDP or unemployment rates or even monthly jobs numbers,” Plouffe said, according to Bloomberg. “People won’t vote based on the unemployment rate, they’re going to vote based on: ‘How do I feel about my own situation? Do I believe the president makes decisions based on me and my family?’ ” The remarks will likely irritate Democrats who think Obama and his political team have taken their eye off jobs. The Hill

800 Days Later: Still No Budget From Senate Democrats

It’s Been 800 Days Since Senate Dems Passed A Budget and ... The Senate Budget Chairman Shelves His Own Budget Proposal (AGAIN). Senate Budget Chairman Kent Conrad (D-N.D.) won’t unveil his budget to the public this week after all, aides said Thursday. ... Conrad acknowledged that a handful of Democrats may not support his plan. But with just 53 Senators caucusing with the Democrats, a handful of defectors would be enough to sink it. Roll Call

VIDEO - House Budget Chairman Paul Ryan: Senate Dems Haven’t Passed A Budget Because They Don’t Want To Show The American People The Tax Increases They Have In Store For Them. Chairman Ryan: It’s been about 800 days since the Senate bothered to pass a budget. Our law here requires every year Congress pass a budget by April 15th, we’ve done that and they haven’t for about two years now. I think the reason they didn’t do it is they don’t want to show people the kind of tax increases they have in store for the American people and the economy. CNBC

From Our Friends At The Republican Study Committee: Memo to Senate Democrats: A Lot Can Happen in Less than 800 Days

  • Building Fenway Park (208 days) Sept. 25, 1911 - April 20, 1912
  • Writing, Approving, and Ratifying the U.S. Constitution (404 days)  May 14, 1787 - June 21, 1788
  • Success of the Berlin Airlift (461 days) June 26, 1948 - Sept. 30, 1949
  • Lewis and Clark Reaching the Pacific Ocean (542 days) May 14, 1804 - Nov. 7, 1805
  • Accumulating $3 Trillion in New Debt under President Obama (633 days)  Jan. 20, 2009 - Oct. 15, 2010

The Obama Economy: President Obama’s Economic Policies Have Failed To Create An Environment That Spurs Private Sector Growth

Private Sector Job Creation Falls Far Short Of Expectations. U.S. economy barely added jobs for the second month in a row in June and the unemployment rate rose to the highest level this year, adding to concerns the labor market will take years to recover. ... The choppy two-year-old recovery is proving to be one of the worst since the 1930s.... Manufacturing employment remained weak, adding 6,000 jobs. Economists were expecting a rebound as disruptions to manufacturing production stemming from Japan's earthquake should be easing. Employment in the battered construction sector was broadly unchanged. The housing sector remains a big drag on the economy. The Wall Street Journal

Chairman Upton: The Obama Administration Continues To Enact Regulations That Make It More Difficult For The Private Sector To Invest and Create Jobs. House Energy and Commerce Committee Chairman Fred Upton (R-MI) reiterated calls for careful regulation that protects jobs and affordable energy after the Obama administration today released its Cross-State Air Pollution Rule addressing power plant emissions. “The goal for these rules should be reasonable regulation that protects public health and the environment while also preserving economic growth. Unfortunately, the unprecedented pace at which the administration is issuing major new rules that impose new costs and regulatory requirements on states, employers, and consumers fails that basic test,” said Upton. “By issuing multiple regulations for the energy and other sectors at such an accelerated rate, EPA has turned regulation from a manageable tool into an unpredictable moving target that makes it difficult for companies to invest and create jobs.” Press Release

The Obama Administration Regulatory Push Stifles Innovation. The Federal Trade Commission (FTC) is investigating whether Google is using its dominance in Web search to give its own services an unfair advantage. The FTC is also looking into whether Twitter is abusing its position to lock out competitors. But government intervention here is misguided. These investigations, and whatever results from them, won’t level the playing field. They will only stifle innovation and yank lawyers out of unemployment lines. The Washington Post

  • Regulatory Overreach: FTC Moves To Silence Tony The Tiger, Count Chocula, and Toucan Sam. Will A spoonful of sugar used to help the medicine go down, but don't tell the Federal Trade Commission. The FTC, along with three other federal agencies, has released proposed "voluntary" principles for marketing food to kids. By "voluntary," they mean rules that food companies should follow if they don't want to open their wallets to an army of trial lawyers. ... Under the proposed definition of marketing, any packaging designed to appeal to children will also be a no-no for foods without requisite fiber and sugar levels. Adios, Tony the Tiger. But the costs won't be born only by cereal companies but by children's media programming, which gets considerable sponsorship from the food industry. The Wall Street Journal

Committee Check

Rep. Jeff Miller and Veterans’ Affairs Committee Republicans Unveil A Jobs Bill For Veterans. A $3 billion veterans’ employment bill was unveiled Thursday that is aimed at helping both new veterans and older veterans find jobs in a tough economy. Called the Veterans Opportunity to Work Act, or VOW Act, the bill mixes a combination of tweaking current programs and adding new ones in an effort that Rep. Jeff Miller, R-Fla., the bill’s sponsor and the veterans’ committee chairman since January, said he hopes will help 400,000 veterans find jobs over the next two years. ... About 232,000 Iraq- and Afghanistan-era veterans are looking for work, but 250,000 Vietnam-era veterans, 278,000 Cold War veterans and 167,000 veterans of the Persian Gulf War era also are unemployed, according to Miller aides. “While there are a significant number of unemployed veterans of the current conflicts, we must never forget those who have served before them,” Miller said. “This legislation targets Vietnam, Cold War, and Persian Gulf era veterans who are now unemployed and without access to resources to obtain the skills needed to compete in today’s job market. After standing at attention for long hours in the military, they should not have to stand in unemployment lines here at home.” The Navy Times

Getting To Know The Freshmen

Steve Stivers: Rep. Steve Stivers represents Ohio’s 15th Congressional District and resides in Columbus, Ohio with his wife, Karen and 22-month-old daughter, Sarah; who just walked in her first 4th of July parade this week. Prior to serving in Congress, he served in the State Senate and has served more than 26 years in the Army National Guard. He recently introduced the DEBT Contribution Act, which clarifies payments made by taxpayers to reduce the public debt should be treated as charitable contributions for tax purposes. Little Known Facts: Most folks don’t know that Stivers is a twin and is most proud of the fact that he brought home safely every person who served in his battalion in Iraq during Operation Iraqi Freedom.

Off The Beaten Path

Pizza Prankster Strikes: 10 Orders Placed To Vineland Woman's House –

Yo Quiero WiFi – The Consumerist

GOP Health Care Reforms