The Leader's Ledger 9/12/11

Posted by Brian Patrick on

Good morning, 

Today, the President will talk again about his jobs bill that he has yet to send Congress. As we've made clear, we stand ready to work together to find areas of common ground to get small businesses back in the game of job creation. Last week, the President highlighted the need for regulatory reform, and House Republicans agree that we must focus on reducing unnecessary burdens on businesses so they can focus on growing and creating jobs. We have already set in motion our ten-week agenda to reduce regulations that hinder private sector job growth, and this week we will consider legislation to prohibit the National Labor Relations Board from unjustly eliminating countless jobs by ordering employers to relocate, shut down, or transfer a business. We are all focused on growing the economy, and we believe we can come together to produce results and get Americans back to work.

Today In History: In 1953, Massachusetts Senator John F. Kennedy, the future 35th president of the United States, marries Jacqueline Bouvier in Newport, Rhode Island.

Birthdays: Jill Jackson, Barry White, Jennifer Hudson, Paul Walker, George Jones, and Elisabetta Canalis Yesterday: Maria Bartiromo

Here is what’s in today’s Ledger ...

State Of Play: GOP Leaders Request President Obama’s Proposal For Review

House Republicans Look For Areas Of Common Ground In President Obama’s Proposal. The top four House Republican leaders on Friday requested the details of the jobs plan outlined by President Obama in an address before a joint session of Congress. ... “We look forward to receiving legislative text for any of your ideas in a manner that can be scored by the nonpartisan Congressional Budget Office, and to the upcoming speech you described last night in which you will detail the offsets that will be needed to ensure your proposals are paid for,” the leaders wrote. They pledged that committees in the House “will immediately begin the process of reviewing and considering your proposals,” examining their impact on short- and long-term growth and offering suggestions “that could achieve economic and job growth in a manner that may be more impactful or effective.” The Washington Post


State Of Play (2): Criticism Of President Obama’s Proposal Continues To Mount

Employers Say President Obama’s Plan Won’t Lead To Hiring. The dismal state of the economy is the main reason many companies are reluctant to hire workers, and few executives are saying that President Obama’s jobs plan — while welcome — will change their minds any time soon. That sentiment was echoed across numerous industries by executives in companies big and small on Friday ... The New York Times

  • No Plan From The Administration On Manufacturing. As President Obama urges Congress to enact a package of tax cuts and new government spending intended to revive growth and create jobs, one crucial corner of the American economy — manufacturing — has largely fallen off Washington’s radar screen. ... Despite its goals for manufacturing, the administration lacks an explicit plan for achieving them. “The United States today is alone among industrial powers in not having a strategy or even a procedure for thinking through what must be done when it comes to manufacturing,” says Thomas A. Kochan, an industrial economist at the Massachusetts Institute of Technology. The New York Times


Regulations & Job Growth: House Republicans Call On President Obama, Democrats To Join In Efforts To Repeal Job-Destroying Regulations

The Obama Administration Rejects Moratorium On New Regulations, Continues To Push It’s Job-Destroying Regulatory Agenda. The White House is pressing forward on other regulations, including a disputed rule on mercury emissions from power plants, as well as rules implementing the Obama-backed health-care and financial-regulatory laws. The White House considered but ultimately rejected suggestions for a partial moratorium on new regulations. The Wall Street Journal

Leader Cantor: President Obama Must Be Willing To Rein In Federal Regulations That Stand In The Way Of Further Investment and Job Creation. “There are a lot of things in his speech that reflect the kind of things that we’re talking about, so that means there are areas of commonality,” Cantor said, singling out Obama’s small business tax cuts ... Cantor said he was confident House Republicans would stay firm against tax increases. And, addressing a few dozen employees at a suburban Richmond concrete plant, he said the president must be willing to rein in federal regulations that he said are strangling businesses and inhibiting growth, particularly those in the construction industry. The Associated Press

  • Cantor Calls On Democrats To Join Republican Efforts To Remove The Federal Regulatory Overreach. While Obama picked an exclusive private university for his backdrop, Cantor chose two cement trucks, a towering mixing facility owned by Titan America and a theme of cutting government regulation. “What we have said as Republicans in the House majority is that we want to join together with our colleagues on the other side of the aisle, and we want to begin to make it easier for operations like this to succeed,” Cantor told the group. Politico

Samuelson: President Obama’s Agenda Has Stifled Economic Growth, Job Creation. Start with Obama. He has run two parallel administrations, pretending he could pursue separate jobs and social agendas as if they were unrelated. His health-care “reform,” by requiring employer-paid insurance, will raise employment costs. Did he really think this wouldn’t affect the profitability of hiring? (See Condition Two above.) Many Obama policies frustrate job creation. The Washington Post

President Obama’s Overburdensome Regulations Continue To Sideline Domestic Energy Production and Job Creation. On the regulatory front the picture is even gloomier. Much of America's vast untapped energy potential lies dormant because Mr. Obama's regulatory watchdogs have spent the past three years throwing sand in the gears of the permitting process for exploration and exploitation on federal lands. Separately, TransCanada has been trying since September 2008 to get a permit to build the Keystone XL pipeline from Alberta to the Gulf Coast. The Environmental Protection Agency has so far blocked it. ... On the other hand, according to the study (By Wood MacKenzie), current policies "which slow down the issuance of leases and drilling permits, increase the cost of hydraulic fracturing through duplicative water or air quality regulations, or delay the construction of oil sands export pipelines such as Keystone XL, will likely have a detrimental effect on production, jobs, and government revenues." A serious jobs proposal would address these issues. Mr. Obama doesn't have one. The Wall Street Journal


Keeping Tabs

Job Creator: President Obama’s Push To Raise Taxes “Directly Impedes” My Ability To Grow and Expand. David Catalano, who helped found Modea, a digital advertising company in Blacksburg, Va., said that he was wary of the president’s pledge to ask the “wealthiest Americans and biggest corporations to pay their fair share.” ... He added: “My partner and I have reinvested 100 percent of the profits that our agency has made over the last five years back into the company. If the government takes a bigger share of that from me, it directly impedes my ability to grow the agency.” The New York Times

  • Leader Cantor: Republicans Are Not For Increasing Taxes. The Associated Press


Monday’s Michigan Minute

Michigan State Obliterates Florida Atlantic 44-0 – The Detroit Free Press

Instant Classic: In A 4th Quarter Frenzy, Michigan Comes From Behind To Beat Notre Dame Under The Lights In Ann Arbor – The Detroit Free Press

Restore The Roar: Lions Start The Season With A Win On The Road, Beat The Bucs 27-20 – The Detroit News


Off The Beaten Path

Epic: Man Installs F-4 Phantom Fighter Jet Engine Into School Bus, Hits Top Speed Of 367 MPH – KGW

Feel Good: Detroit Student Creates All-Purpose Coat For Homeless – The San Francisco Chronicle

Hero: Patron Sues White Castle Over Booth Size – New York Post
 





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