Some folks over at eighteen acres have some egg on their face this morning. As The Hill put it, the President’s nationwide tour promoting his jobs plan “illustrates the art of beating a dead horse.” On the same day President Obama traveled to House Chairman Jeb Hensarling’s district to again ask Congress pass his jobs bill – 22 times in half an hour – Senate Democrat Leader Harry Reid refused requests from the President and Senate Republican Leader Mitch McConnell to bring the jobs plan up for a vote. Instead, Senator Reid preferred the China currency and trade bills to the President’s jobs bill, acknowledging what is already clear: a jobs plan that pushes for more stimulus spending and higher taxes is opposed by a bipartisan majority of Congress.
As Leader Cantor has made clear, the House will vote on several pro-growth measures in the next month where there is common ground with the President so that we help grow this economy and get people back to work. Hopefully the President will put the brakes on his campaign-style speeches and instead come together to produce results that the people throughout this country need and expect.
Today In History: In 1947, President Harry Truman (1884-1972) makes the first-ever televised presidential address from the White House, asking Americans to cut back on their use of grain in order to help starving Europeans.
Birthdays: Rep. Denny Rehberg, Chester A. Arthur, Ray Kroc, Mario Lemieux, Patrick Roy, Kate Winslet, and Jessie Eisenberg
Here is what’s in today’s Ledger ...
State Of Play: While President Obama Attacks House Republicans, Senate Democrats Block A Vote On President Obama’s Bill
Senator Reid Again Delays A Vote On President Obama’s Bill. The move, which Democrats blocked, was designed by Republicans to highlight that even some Democratic senators oppose the president's plan and it can't pass. ... The Senate floor exchange took place moments before the president delivered a speech in Texas where he again challenged Congress to take up his bill. Reid, who has delayed consideration of the bill for weeks while he dealt with other Senate business, did say Tuesday that he would schedule floor time for the bill later this month. He also said Senate Democrats would consider changes to the president's proposal to offset the cost of his bill with tax increases on wealthier Americans and corporations, both of which some Democrats oppose. CNN
Reid Blocking The President’s Bill Underscores That President Obama Doesn’t Have A Clear Strategy For Passing His Stimulus Bill. Even as Obama spoke, McConnell was attempting to call his bluff by pushing for a quick Senate vote on the jobs bill, which Senate Democrats have acknowledged doesn't have the support to pass. Senate Majority Leader Harry Reid objected so he could delay action until Democrats can corral more support. It underscored Obama's dilemma as he travels the country seeking to isolate Republicans to take the blame if his jobs bill doesn't pass -- without a clear strategy for ensuring it does. The Associated Press
State Of Play (2): Senate Democrats Admit President Obama’s Bill Won’t Pass As Is, Roll Out Their Own Tax Hike That Has Already Been Rejected By ... Democrats
Senate Majority Whip Dick Durbin Admits President Obama’s Plan Will Have To Change In Order To Gain Senate Democrat Support. President Obama’s jobs bill will likely need to be changed in order to win enough votes for passage, Senate Majority Whip Dick Durbin (D-Ill.) said Tuesday. ... “We’re also going to work on the number of votes to support it,” Durbin said Tuesday in a conference call. “It may not be the exact plan presented by the president.” Durbin said last week that there aren’t enough votes to pass Obama’s American Jobs Act , but said there eventually will be. The Hill
The House Democrats’ Position: Raise Taxes On Working Families and Small Businesses
The Road Ahead: President Obama’s Failure To Focus On Growth Oriented Solutions Leads To Fewer Jobs, More Layoffs
Gallup: Job Creation Drops Heading Into The Fall Season. U.S. job creation continues to steadily abate, reversing the upward trend seen since the start of 2010. ... Gallup's real-time measure based on employee reports without seasonal adjustment does suggest different seasonal dynamics this year. The U.S. job creation situation appears to be weakening during the transition from summer into fall, whereas during the past two years, it was steady or improving. Gallup
Pro-Growth: House Republicans Focus On Measures To Help Get Americans Back To Work
Chairman Hensarling: President Obama’s Regulatory Onslaught Has Small Business Owners Wondering If The Government Wants Them To Succeed. If the president had the opportunity to listen to the job creators I talk to in my district, he would have heard that our economy doesn’t suffer so much from a lack of capital, but from a lack of confidence. It is a lack of confidence born of our debt crisis, rising taxes and regulatory onslaught. Today the administration has 210 new major regulations pending that would each impose $100 million or more on our economy and have imposed the greatest regulatory burden on our economy in 30 years. As one fed-up small-business owner who recently shuttered his business told me, “I got to the point where I didn’t think my government wanted me to succeed.” House Republicans have numerous bills pending in the Senate that would help to modify the regulatory burden to help create jobs. The Dallas Morning News
ICYMI: Chief Deputy Whip Roskam Op-Ed: Set Capital Gains Rates At 15% Permanently. With near-double-digit national unemployment gripping our country, the White House and Washington should be asking a simple question: What can we do to make America the most competitive environment in the world for job creation? An important first step — with broad support from America's business community — would be to remove uncertainty and make permanent the 15% rate on capital gains and dividends. Faced with the threat of a dramatic tax increase in 2013, American businesses, investors and families are hamstrung by uncertainty when making consequential investment and financial decisions. The threat alone of large tax hikes on capital gains and dividends is damaging. But a guaranteed new 3.8% tax from the health care law starting in 2013 coupled with the potential sunsetting of the income tax rates of the last decade would mean effectively a 58% higher tax rate on cap gains and as much as a 189% higher tax rate on dividend income. That would be devastating and have a far-reaching economic impact. As President Obama rightly insisted in August 2009, "you don't raise taxes in a recession." Investor’s Business Daily
Strong Opposition: More Americans “Strongly Disapprove” To President Obama’s Policies, How President Obama Is Serving As President. Four in 10 Americans “strongly” disapprove of how President Obama is handling job as president in the new Washington Post-ABC News poll, the highest that number has risen during his time in office and a sign of the hardening opposition to him as he seeks a second term. ... While the topline numbers are troubling enough, dig deeper into them and the news gets no better for Obama. Forty-three percent of independents — a group the president spent the better part of the last year courting — strongly disapprove of the job he is doing. Forty seven percent of people 65 years of age and older — reliable voters in any election — strongly disapprove of how he is doing his job. Strong opposition to Obama has grown markedly since the start of the year. The Washington Post
Off The Beaten Path
Jackpot: Ga. Woman Wins $25M Thanks to Clerk Error – Savannah Morning News
Sen. Begich Calls On The Coast Guard To Sink Rat-Infested Illegal Fishing Vessel – The Associated Press
Feel Good Moment: Sometimes A Seal Pup Just Wants To Cuddle