The Leader's Ledger

Posted by Brian Patrick on

Good morning, 

The Senate vote tonight on the President’s jobs plan is expected to fail because Republicans and Democrats agree that more spending and tax hikes is the wrong move, especially with a sluggish economy and millions of Americans out of work. Instead of campaigning around the country, demanding that Congress must, "pass my bill," hopefully - after the Senate proves his jobs bill is DOA - the President will join us on areas of common ground where we can actually produce results.

In the meantime, House Republicans remain focused on policies that will create an environment for growth. This week, the House will continue with our regulatory relief agenda by voting to delay harmful and costly EPA regulations that would affect all sectors of our economy. In addition, we will vote on the long-awaited free trade measures which will create jobs across the country and allow manufacturers to operate on a level playing ground with their foreign competitors.

Today In History: In 1975, the epic single "Born to Run" became Bruce Springsteen's first-ever Top 40 hit, marking the start of his eventual transition from New Jersey fame to international superstar status.

Birthdays: Rep. Sam Johnson, Rep. Chuck Fleischmann, Michelle Trachtenberg, Luke Perry, Emily Deschanel Yesterday: Rep. Joe Pitts, Rep. Steve Southerland, Jodi Lyn O’Keefe and David Lee Roth

Here is what’s in today’s Ledger ...

State Of Play: Democrat Controlled Senate Prepares To Reject President Obama’s Proposal

Senate Dems Scramble As The Bipartisan Majority Opposes President Obama’s Bill. Democratic leaders in the Senate are scrambling to avoid defections on President Obama’s jobs package, which appears headed for defeat on Tuesday. A lack of Democratic unity on the president’s bill would be embarrassing for the White House, which has been scolding House Republicans for refusing to vote on the measure. ... Democrats who will vote no or are leaning no include Sens. Joe Manchin (W.Va.), Jon Tester (Mont.) and Ben Nelson (Neb.), who all hail from red states and are up for reelection next year. ... Lieberman opposes the bill because the 5.6 percent surtax on millionaires is being used for new spending instead of reducing the deficit, and will vote against the measure on final passage, his office said. ... Sen. Jim Webb (D-Va.) remained officially undecided on the bill as of Monday, his office said. Webb has a problem with the millionaire’s surtax because it is a tax increase on ordinary earned income. The Hill

  • Whip Durbin Admits Democrats Are Not United Behind The President’s Proposal. Democratic unanimity is not assured. Moderates like Sens. Ben Nelson, D-Neb., and Joe Manchin, D-W.Va. — both are up for re-election next year in states where Obama figures to lose — may abandon their party ... "We're likely to lose two, three, four Democrats," Sen. Dick Durbin of Illinois, the second ranking Democrat in the Senate, told Chicago's WTTW-TV Monday. The Associated Press

Acknowledging They Can’t Pass The Bill? Senate Democrats Discuss Breaking Up The President’s Bill. Senate Democrats are mulling breaking President Barack Obama's job-creation program into pieces and moving forward with individual components of the plan following what is expected to be a defeat of the entire package in a vote on Tuesday, aides said. No final decisions have been made on the timing of any such move, nor on what aspects of the plan would be brought forward as individual pieces of legislation, the aides cautioned. ... The strategy was discussed at a meeting at the White House between the president and Senate Democratic leaders on Friday. Democrats are planning to meet with the party's Senate lawmakers on Wednesday where aides said the idea would be discussed further. The Wall Street Journal


State Of Play (2): Democrats Are More Focused On Raising Taxes Than Creating Jobs and Promoting Growth

Memo To President Obama, Leader Reid & Leader Pelosi: “Fairness” Is Not Increasing Taxes. House of Representatives Minority Leader Nancy Pelosi has made it clear many times she is a "tax-and-spend" liberal. She did so once again this week. ... Most Democrats want tax increases along with spending cuts to reduce the deficit. Republicans oppose tax increases. That prompted Pelosi, D-Calif., to tell reporters a plan with no tax increases will not be acceptable to her and other liberal lawmakers. "Fairness has to be a prerequisite for it," she insisted. Pelosi's idea of fairness clearly is to allow the government to keep growing - at the expense of jobs created by the private sector. Remember, federal spending has doubled during the past decade, with much of that coming during President Barack Obama's administration. Fairness is not forcing Americans to pay higher taxes at a time when the economy needs all the help it can get. Members of the special committee should drop any discussion of increasing the tax burden. The Intelligencer / Wheeling News-Register

  • Editorial: The Obama-Reid Plan Is A Parody Of A Pro-Growth Proposal. Meanwhile, as amended last week by Senate Majority Leader Harry Reid, the bill is financed by a new 5.6% surtax on millionaires. So a bill that the White House has sold as a temporary $265 billion tax cut for employers is financed with a permanent almost half-trillion-dollar tax hike on businesses and investors. What a deal. ... If history is any guide, that ploy will send employers and investors into a further hiatus, destroying far more jobs in the private economy than the government-financed jobs it hopes to create. The overall result would be a net permanent tax increase on businesses starting in 2013. Few economists believe that unemployment will be less than 8% in 2013, and Mr. Obama's own budget doesn't predict it. ... The Obama-Reid plan is a parody of a jobs bill, full of political talking points but very little to create jobs or lift growth. ... As for Senate Democrats, it will be instructive to see how many running for re-election in 2012 are willing to put growth and prosperity over redistribution and union politics. The Wall Street Journal


Tone Check: President Obama’s Campaign Style Rhetoric Doesn’t Match Up With Reality

AP: President Obama Ignores The Fact That Republicans Have Explained Why They Oppose His Proposal. When Obama accuses Republicans of standing in the way of his nearly $450 billion plan, he ignores the fact that his own party has struggled to unite behind the proposal. When the president says Republicans haven't explained what they oppose in the plan, he skips over the fact that Republicans who control the House actually have done that in detail. And when he calls on Congress to "pass this bill now," he slides past the point that Democrats control the Senate and were never prepared to move immediately, given other priorities. The Associated Press

  • The President’s Claim Of Bipartisan Support For His Bill Doesn’t Hold Water, Republicans Reject His Proposed Tax Increases. The disconnect between what Obama says about his jobs bill and what stands as the political reality flow from his broader aim: to rally the public behind his cause and get Congress to act, or, if not, to pin blame on Republicans. ... For example, when Obama says his jobs plan is made up of ideas that have historically had bipartisan support, he stops the point there. Not mentioned is that Republicans have never embraced the tax increases that he is proposing to cover the cost of his plan. The Associated Press


The Road Ahead: President Obama’s Jobs Council Endorses Republican Ideas For Job Creation

President Obama’s Jobs Council Throws Support Behind Republican Job Creation, Domestic Energy Development Initiatives – Says The Policies Could Create Hundreds Of Thousands Of Jobs. Other ideas, including a call for a more aggressive stance on energy extraction, may be hard for the president's fellow Democrats to accept in the run-up to the 2012 election. The report said environmental concerns about three projects -- the pipeline to transport heavy oil from Canada to Oklahoma and the Gulf Coast, the resumption of deepwater drilling in the Gulf of Mexico and the drilling of shale gas supplies -- had overshadowed their job-creating potential. "These three streams of private investment could together support or preserve hundreds of thousands of jobs in the next few years," it said ... Reuters

  • Jobs Council Cites Regulation As A Roadblock To Job Creation. A private-sector board of advisers to the White House is pressing the administration to streamline regulations and encourage start-up businesses, among other recommendations to create more jobs. ... The report also highlights many longstanding business concerns about regulation, such as lengthy permitting procedures for construction projects. The group calls for the government to designate a lead federal agency on each project and encourage greater cooperation among state and federal agencies involved in reviewing projects. The Wall Street Journal


Keeping Tabs

Solyndra Fallout: House GOP Wants Info on Other Loans Made at Deadline. Emails released earlier this month show that at least one official of the Office of Management and Budget worried that Solyndra was just the tip of the iceberg when it came to ill-conceived government loans to green energy companies. “(W)hat’s terrifying is that after looking at some of the ones that came next, this one started to look better,” the official emailed. “Bad days are coming.” Rep. Darrell Issa, R-Calif., chair of the House Committee on Oversight and Government on October 7 wrote to Energy Secretary Dr. Steven Chu to see just what other problematic loans might exist. Specifically, Issa is seeking “additional information regarding the loans approved on the final day of the program,” ones made to First Solar Inc, SunPower Corp., and ProLogis Inc. ABC News

AP Fact Check: President Obama’s Jobs Proposal Makes A Lot Of Assumptions. In a report released this month titled "Teacher Jobs at Risk," the White House says "as many as" 280,000 teacher jobs are at risk in the coming year. But to get to that number, the White House makes a lot of assumptions. ... As the Obama administration learned in its first round of economic stimulus spending, it's nearly impossible to quantify how many jobs are created or saved through infusions of federal dollars. In that $787 billion program two years ago, the White House eventually abandoned its controversial method to count jobs after numerous errors were found. The Associated Press

President Obama’s Green Jobs “Subsidy Story Gets More Embarrassing By The Day.” The green jobs subsidy story gets more embarrassing by the day. Three years ago President Obama promised that by the end of the decade America would have five million green jobs, but so far some $90 billion in government spending has delivered very few. A new report by the Labor Department's Office of Inspector General examined a $500 million grant under the stimulus program to the Employment and Training Administration to "train and prepare individuals for careers in 'green jobs.'" So far about $162.8 million has been spent. The program was supposed to train 125,000 workers, but only 53,000 have been "trained" so far, only 8,035 have found jobs, and only 1,033 were still in the job after six months. ... The jobs record is even more dismal when you consider that many of the jobs classified as green aren't even new jobs, much less green, according to a report from the House Committee on Oversight and Government Reform. They include positions that have been "relabeled as green jobs by the BLS [Bureau of Labor Statistics]." The Wall Street Journal
 





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