The Leader's Ledger

Posted by Jessica Straus on

Good Morning,

Today, Leader Cantor will speak at Wharton about economic growth policies needed to promote opportunity, success and produce results for the millions of people out of work. House Republicans have already passed several measures that will help create an environment for growth, and have the support of the President and Democrats in Congress. Meanwhile, the Senate continues to push for more stimulus style spending that we already know won't work, and refuses to focus on bipartisan ideas in the President’s jobs plan. In these tough times, both parties need to come together to clear the way for job creation and help people get back to work.

Today In History: In 1960, American viewers tuned in to their television sets for the broadcast of the fourth and final presidential debate between Vice President Richard M. Nixon and Senator John F. Kennedy.

Birthdays: Benjamin Netanyahu, Kim Kardashian, Jeremy Miller, Carrier Fisher, Joyce Randolph, Shaggy, Spike Jonze, and Judge Judy.

Here is what’s in today’s Ledger…

State Of Play: Senate Remains Opposed To Spending Provisions In President Obama’s Jobs Plan

Senate Rejects $35 Billion Spending Provision Of The President’s Bill. For the second time in 10 days, the Senate on Thursday rejected Democratic efforts to take up a jobs bill championed by President Obama. The vote to advance the bill was 50 to 50. Democrats needed 60 votes to overcome a Republican filibuster…Unable to pass the full bill devised by the White House, Senate Democrats hope some of the individual pieces will prove more popular with Republicans. Other smaller bills to be taken up in turn would expand the current payroll tax cut for employees, increase spending on transportation and public works projects, and provide incentives for the hiring of unemployed veterans. New York Times

Senators Refuse To Back Leader Reid’s Support For The Spending Provisions In Obama’s Jobs Bill. Two elements of President Barack Obama’s jobs bill failed on procedural votes when Senators tried to move them as individual measures late Thursday. The chamber then plunged ahead on a long series of votes on amendments to a package of three appropriations bills before advancing the measure, setting up a vote on passage for the week of Oct. 31. A Democratic proposal to provide $35 billion to keep teachers and first responders from being laid off was the first portion of Obama’s $447 billion jobs proposal to receive an individual vote. It went down 50-50, short of the 60 needed for the Senate to take up the measure. Three Members of the Democratic Conference — Sens. Joe Lieberman (I-Conn.), Ben Nelson (D-Neb.) and Mark Pryor (D-Ark.) — joined all Republicans in opposing the procedural motion. Roll Call

Senate Democrats Prevent Passage of A Bipartisan Job Creation Measure That Would Remove High Costs On Employers. The Senate has blocked Republican-backed legislation that would prevent the government from withholding 3 percent of payments to government contractors. The legislation failed to get the 60 votes needed to end a Democratic filibuster late Thursday. Many Democrats and President Barack Obama support the idea but opposed it Thursday because it would be paid for with $30 billion in cuts from domestic agency spending. The White House promised a veto. AP

Where’s The Fanfare? The President Quietly Signs Pro-Growth Trade Deals That Will Create Jobs And Spur Recovery. President Obama's biggest legislative success so far this year was last week's passage of three long-stalled trade agreements with South Korea, Panama and Colombia. But is he embarrassed by his accomplishment?..Perhaps Mr. Obama doesn't want to offend unions and Democrats who opposed the trade accords, but then this is a President who keeps blaming Republicans for obstructing his economic agenda. In this case Republicans gave him a bipartisan victory, and the President seems to want only a few CEOs to notice. Wall Street Journal

Gallup Poll: President’s Job Approval Slides To New Low. President Barack Obama averaged 41% job approval during his 11th quarter in office, down six percentage points from his 10th quarter average and his lowest to date. Obama's most recent quarterly average ranks in the bottom fifth of all 262 presidential quarters Gallup has measured since 1945. Gallup

Economic Growth: Business Leaders Discuss Policies That Will Spur Economic Growth

Leader Cantor Discusses Job Growth And Innovation With Virginia Business Leaders. The day after President Barack Obama swept through Virginia rallying audiences to support his jobs plan, House Majority Leader Eric Cantor sat with biotech business leaders in Richmond to get their ideas for policies that encourage entrepreneurial activity and investment…"To loosely paraphrase the discussion here," Cantor said, "there is a mismatch of regulations, policies and incentives that exist today that are counterproductive for people who want to go out and build a business and create jobs for the single mom who is out there struggling without one." Richmond Times-Dispatch

Leader Cantor At Virginia Jobs Panel: The People Of Virginia And America Need To Be Able To Count On A Washington That Gets It. “It is just striking to see the success here in these difficult times. This is a story that we want to tell to the people in this area, in the Commonwealth and in the country: America does work, free enterprise does work. If we can make it easier for innovators, such as yourselves, to go about pursuing your ideas, because you have the ability to improve healthcare, to improve safety, to improve lives, to improve efficiency and productivity. At the same time, people realize the benefits of your ideas and your services, and you’re creating a lot of jobs along the way. This is what free markets and free enterprise and the capitalist system that we’re about in America is supposed to do. Unfortunately, you’ve listed the NLRB, FDA, EPA, the patent problems, access to capital, research and development uncertainty from a tax standpoint, a corporate tax rate that disadvantages you, free trade impediments - all these things are created by what I believe is an overactive Washington that doesn’t get the true essence of job creation." Majority Leader Cantor

Leader Cantor Tours Health Diagnostic Laboratory, Inc., An Example Of The Type Of Innovation And Job Growth Needed Across The Country. Congressman Cantor toured HDL, Inc. facilities, providing an opportunity to learn more about the laboratory's successful expansion and hiring of over 350 employees in the past two years. "At a time when job growth has been challenged, our lab has demonstrated what is possible when entrepreneurship and creativity is encouraged through a pro-growth approach without barriers," said Tonya Mallory. "When launching Health Diagnostic Laboratory, we did our homework and picked the Commonwealth as the ideal location to grow our business. Our advanced lab, which represents the spirit of the Virginia Life Science community, is growing an average of five percent per week and is an example of the type of innovation and job creation that is the backbone of our region. I thank Congressman Cantor for his visit today to discuss policies that will allow companies like ours to grow and create jobs across the country.” Yahoo Finance

Start Up Nation: Now Is A Time To Build. The United States has been and continues to be one of the world's great start-up incubators, but with innovation no less than with agriculture, some places are much more fertile than others. What gives some cities and regions such extraordinary creative and entrepreneurial vitality -- and what holds others back?...Now is a time to build. And the urge and the mechanisms to build are what drives the Start-Up Nation…With the economy in tatters and government all but broke, there's little choice but to go out and build something for yourself with your colleagues, fellow-travellers, and friends. Startups are much less capital-intensive than they once were. The Atlantic

The Road Ahead: Next Week The House Will Vote To Repeal The 3 Percent Withholding Rule

Leader Cantor: House To Take Up 3 Percent Withholding Legislation Next Week. Cantor has said the House will not take up the jobs plan in total but will address pieces. He said the House next week will take up a bill to scrap a 3 percent withholding requirement on businesses that work with the government. The withholding would affect government contracts as well as Medicare payments and is scheduled to go into effect about a year from now. "We look forward to passing that bill," he said, noting that it has Obama's support. Richmond Times-Dispatch

Keeping Tabs

ObamaCare Regulations Force Another Health Insurance Carrier To Exit The Market, Costing Jobs And Reducing Access To Care. Des Moines-based American Enterprise Group announced Thursday that it will exit the individual major medical insurance market, making it the 13th company to pull out of some portion of Iowa’s health insurance business since June 2010.The move means 110 employees will lose their jobs over the next three years — 40 in Des Moines and 70 in Omaha. It also underscores the widespread anxiety among insurance companies over the raft of regulation resulting from the health care overhaul bill. “It’s a fairly predictable consequence of the regulation,” said Michael Abbott, the president and CEO of American Enterprise Group, the parent company of American Republic Insurance. “The regulatory environment’s getting really complicated.”Des Moines Register

AP/Gfk Poll: 7 in 10 Americans Believe The Country Is Headed In the Wrong Direction, And Few Have Faith In Obama’s Proposed Policies. A sizable majority — more than 7 in 10 — believe the country is headed in the wrong direction and, in a new high, 43 percent describe the nation’s economy as “very poor,” according to a new Associated Press-GfK poll. Among those surveyed, less than 40 percent say Obama’s proposed remedies for high unemployment would increase jobs significantly.The pessimism is not a good sign for the nation’s recovery hopes and presents a more urgent challenge for Obama as he mounts his re-election bid. AP/Gfk

Off The Beaten Path

Lions, Tigers and Bears…Run Loose in Ohio…Oh My! Reuters

The Zombies Embark on 50th Anniversary Tour.

New Questions Surround Death of Vincent Van Gogh Yahoo News

GOP Health Care Reforms