The Leader's Ledger

Posted by Brian Patrick on

Good morning, 

If the President and his party are serious about creating jobs and spurring economic growth, they are a little off the mark. The President’s national jobs campaign, which lands squarely in Leader Cantor’s district today, has not gained traction with his own party. And, the suggestion that failure to pass the President’s entire jobs bill would lead to lawlessness and extreme violence is irresponsible. In the Senate, Leader Reid is bringing up a small portion of the President’s bill that would implement $35 billion in new spending, but he lacks the support of Senate Democrats who admittedly are facing “stimulus fatigue.”

In contrast, House Republicans have already passed pieces of the President’s plan that will clear the way for job creation and economic growth, including regulatory relief for manufacturers and a bill to help veterans get back to work. Tomorrow, Leader Cantor will be in Richmond speaking with local business leaders about the pro-growth policies they need to grow their businesses and begin hiring again. Instead of campaigning around the country, the President should recognize that the way to get the economy going and produce results is to take up with policies that have bipartisan support – and he can start with “the forgotten 15” bipartisan jobs bills that are stalled in the Senate.

Today In History: In 1781, hopelessly trapped at Yorktown, Virginia, British General Lord Cornwallis surrenders 8,000 British soldiers and seamen to a larger Franco-American force, effectively bringing an end to the American Revolution.

Birthdays: Chris Kattan, Evander Holyfield, Ty Pennington, and John Lithgow

Here is what’s in today’s Ledger ...

State Of Play: Bipartisan Opposition Mounts Against President Obama and Majority Leader Reid’s Latest Proposal


Stimulus Fatigue: Latest Dem Proposal May Have Even Less Support Than The President’s Original Bill. Several moderate Democrats and Republicans appear to be struggling to overcome “stimulus fatigue” setting in among voters back home and are withholding support for now — meaning the latest proposal is at risk of winning even less backing than the president’s signature economic bill, which fell nine votes shy of breaking a GOP-led filibuster last week. Politico

Lieberman Would Vote To Block The Bill From Moving Forward. “At some point — and my opinion is now — we’ve got to stop spending money we don’t have,” said Sen. Joe Lieberman (I-Conn.), who caucuses with Democrats. He told POLITICO he probably would vote to block the latest proposal from even moving forward for debate. Politico

Pryor: I Have Big Questions. “It’s a little philosophical in the sense that I’m not sure federal taxpayers should be paying for teachers and first responders. That’s traditionally a state and local matter,” Sen. Mark Pryor (D-Ark.) said in an interview. “I have a big question mark about whether the teacher portion benefits our state at all because of some of the stuff we’ve done on the state level over the past few years.” Politico

Manchin Flashback: "But let there be no mistake," he said, "if this bill does not change, if it is not improved, if it is not more focused on job creation and more fiscally responsible, I will strongly oppose final passage." The Wall Street Journal

Webb Will Oppose The Bill, Tester and Nelson Aren’t Ready To Embrace The Proposal. Other Democratic moderates are far from sold. Sen. Jim Webb (D-Va.) said he would oppose the bill but vote to begin the debate. And Sens. Jon Tester of Montana and Ben Nelson of Nebraska — who face tough reelection campaigns in red states next year and were the only Democrats to vote to filibuster Obama’s overall jobs plan last week — aren’t ready to embrace the latest proposal. “We’ve got to make sure, if we’re gonna be in the business of job creation, that we actually create jobs,” Tester said Tuesday. Politico

ICYMI: Editorial Calls President Obama’s Latest Push A Political Charade. President Barack Obama, who has an embarrassingly weak grasp on fundamental economics to begin with, embarrassed himself further on the stump Monday in North Carolina. ... "Maybe they couldn't understand the whole thing at once," he said. "So we're going to break it up into bite-size pieces so they can take a thoughtful approach to this legislation." Never mind that the pieces make no more economic sense than the whole. Never mind that the first piece the president is pushing -- a $35 billion measure to supposedly prevent the layoffs of teachers, police officers and firefighters -- is a sop to organized labor in Mr. Obama's pursuit of re-election. Local governments will be left with the tab when the political bribe is exhausted. And this president has the arrogance to label as ignorant those who shut down the larger bill, Democrats among them, and who see through this charade. The Pittsburgh Tribune-Review

State Of Play (2): Republicans Continue To Meet With Small Business Leaders, Focus On Reducing Burdensome Regulations On Job Creators

In Virginia: Rep. Robert Hurt Addresses Regulatory Concerns, Pressures The Senate To Take Up The “Forgotten 15” Bipartisan House-passed Jobs Bills. While President Obama’s motorcade passed through Danville on Tuesday on the way to Emporia to campaign for his jobs bill, U.S. Rep. Robert Hurt sat down with local business owners for their input on job creation at Mary’s Diner. ... Amy Lampe said business is being crushed under the weight of paperwork. Fred Shanks, city councilman and small business owner, said many of the government regulations being discussed had most impact on small projects. He said to his knowledge, there has not been a subdivision built in the county since 2008 because of federal regulations like this. ... Hurt responded by picking up a sheet of paper with the actions the House have passed in the past year that have been stalled by the Senate. Hurt said the House passed plenty of pro-jobs legislation, but his Congressional colleagues in the Senate have done nothing with them. The Danville Register and Bee

Small Business Leaders Speak Out Against The Regulatory Overload. Several of the speakers talked about the burden of governmental regulations. Among them was Skip Ressel of Ronbuilt Corp. in Martinsville, who complained of redundancy in regulations. Rick Harrell of R.O. Harrell trucking in South Boston said EPA regulations have made tractors less efficient and much more expensive. He also cited the need for the U.S. to use more of its natural resources for energy. The single most important issue is the need to create jobs in the private sector and getting government out of the business of creating jobs, said Michael Duncan of EIT South in Danville. He also said governmental regulations need to be reduced and governmental spending needs to be brought under control. The Martinsville Bulletin

Rep. Scott Tipton: Burdensome Regulations Are Crushing Small Business. My Colorado colleague, Republican Rep. Cory Gardner, recently asked the Environmental Protection Agency’s assistant administrator, Mathy Stanislaus, whether the agency’s economic analysis had considered the effect of proposed regulations on jobs. “Not directly,” Stanislaus answered. ... We held a hearing recently in Grand Junction, Colo., to examine this issue: burdensome federal energy regulations and their detrimental effect on small businesses, jobs and consumer prices. A recent study showed that regulation burdens to the American people cost about $1.75 trillion annually — including $281 billion for environmental regulations that disproportionately hit small businesses. On average, government regulations cost small businesses nearly $10,585 per employee. When will this stop? Americans need jobs and affordable energy now. It is clear that current energy policies are not working when the costs of nearly all products, from food to gasoline, have increased. This toxic mix has done nothing but drive our economy further into the ground, hurting families that are already struggling. Politico

The Road Ahead: Senate Majority Leader Reid Puts Emphasis On Growing Government Over Growing The Private Sector

REG FLAG: Reid Says Growing Government Is More Important Than Growing The Private Sector. Senate Majority Leader Harry Reid (D-Nev.) on Wednesday said Congress needs to worry about government jobs more than private sector jobs ... "It's very clear that private sector jobs have been doing just fine, it's the public sector jobs where we've lost huge numbers ...” The Hill

Keeping Tabs

More Questionable Stimulus $$$ From President Obama. Following on Solyndra's great success comes Ener1 Inc., a lithium-ion battery maker also promoted by the White House. ... EnerDel snagged a $118 million grant, and Vice President Joe Biden toured one of its two Indianapolis-area factories as recently as January, citing it as proof that government isn't "just creating new jobs—but sparking whole new industries." ... In August, it restated its earnings for fiscal 2010 at a $165 million loss—nearly $100 million more than previously reported. On September 27 it ousted its CEO, and its share price yesterday was 27 cents—a 95% decline from its 52-week high of $5.95 in January. Nasdaq is threatening to delist the stock, and Ener1 disclosed in a mid-August filing with the Securities and Exchange Commission that it is "in the process of determining whether the company has sufficient liquidity to fund its operations." The Wall Street Journal

Issa: NLRB Defied Subpoena by Withholding Documents. The National Labor Relations Board’s acting general counsel, Lafe Solomon, broke the law by intentionally withholding documents about Boeing Co., Representative Darrel Issa said. “Your continued personal obstruction, lack of compliance with a validly issued congressional subpoena and false statements to the committee are unacceptable,” Issa said today in a letter to Solomon. “The NLRB is acting as a rogue agency that believes it does not have to fully answer to Congress.” Issa, a California Republican and chairman of the House Oversight and Government Reform Committee, requested that six NLRB employees submit to transcribed interviews for his investigative panel. Bloomberg

Daily Gallup Tracking Poll: President Obama’s Disapproval Rises To 54% Approval Drops To 38% Gallup

GOP Health Care Reforms