The Leader's Ledger

Posted by Brian Patrick on

Good morning, 

Today, Speaker Boehner released a list of 132 American economists who support the House Republicans’ Plan for America’s Job Creators as the best path forward to boost job creation and economic growth right now and in the years ahead. The House Republican plan focuses on helping the private sector create jobs by removing the burdens preventing businesses from expanding and hiring. To date, the House has passed 22 bipartisan jobs bills that meet these goals. Meanwhile, the President continues to campaign around the country and push for the same stimulus-style spending that has failed to recover the economy and contributed to sustained high unemployment. As the Speaker said, “This list underscores the need for immediate action on the now-22 bipartisan jobs bills passed by the Republican-led House that are awaiting a vote in the Democratic-controlled Senate.”

Today In History: In 1793, after more than two centuries as a royal palace, the Louvre is opened as a public museum in Paris by the French revolutionary government. Today, the Louvre's collection is one of the richest in the world, with artwork and artifacts representative of 11,000 years of human civilization and culture.

Birthdays: Gordon Ramsay, Gretchen Mol, Margaret Mitchell, Bonnie Raitt and Bram Stoker

Here is what’s in today’s Ledger ... 

State Of Play: 132 Economists Say The House Republicans’ Plan For America’s Job Creators Is The Best Path Forward To Boost Job Creation

132 Economists Support The House Republicans’ Approach To Job Creation Because The GOP Approach Will Have A Greater Effect Than More Stimulus Spending. House Speaker John Boehner (R-OH) today released a list of 132 American economists who believe the job creation strategy used in the House GOP Plan for America’s Job Creators will do more to boost private-sector job growth in America in both the near-term and long-term than the “stimulus” spending approach favored by President Obama. "This list underscores the need for immediate action on the now-22 bipartisan jobs bills passed by the Republican-led House that are awaiting a vote in the Democratic-controlled Senate," Boehner said. Press Release


State Of Play (2): Republicans Leaders In House and Senate Call For Further Action From Senator Reid On The 22 House-Passed Bipartisan Jobs Bills

Finally, One Bipartisan House Jobs Bill Passes First Procedural Hurdle In The Senate. Following a strong bipartisan vote in the House, the Senate on Monday moved forward on a bill that would repeal a rule requiring the government to withhold 3 percent of its payments to contractors. The House-passed measure is backed by both congressional Republicans and the White House to ease regulations on businesses. Monday’s procedural vote in the Senate was 94-1, with Sen. Jay Rockefeller (D-W.Va.) the lone opponent. “If we pass it, every company that does business with the government can go back to thinking about hiring new workers, rather than worrying about losing 3 percent of the value of their contracts right up front, right in the beginning,” said Sen. Scott Brown (R-Mass.), who sponsored similar legislation in the Senate. “If we pass it, state and local governments won’t be saddled with … another costly, unfunded mandate.” Politico

Speaker Boehner Calls For The Senate To Vote On All 22 House-Passed Bipartisan Jobs Bills. "All 22 of these bills passed the House with bipartisan support, but to date have not been brought to a vote by Senate Democrats. To help support job creation in both the short-term and long-term, we need bipartisan action to halt unnecessary government regulations and fix the tax code to help private-sector job creators. Our plan does that. The Senate needs to pass these 22 bills and send them to the president’s desk." Press Release

Senator McConnell Pushes For Companion Legislation To House-Passed Small Business Bill. ... Senate Minority Leader Mitch McConnell will turn his focus to the Small Company Capital Formation Act, which passed the House with the support of 183 Democrats and is backed by the White House. And he'll call for a Senate vote on a companion measure sponsored by Sens. Pat Toomey (R-Penn.) and Jon Tester (D-Mont.). "The proposal would remove red tape inhibiting smaller companies from going public," a staffer emails. The Huddle


The Road Ahead: Democrats Warn That EPA Regulations Threaten Jobs and Increased Utilities Costs

Former Dem Senator Evan Bayh Warns Of The Job Crushing Effects Of The Obama Administration’s Regulatory Agenda. The Environmental Protection Agency's proposed Utility Maximum Achievable Control Technology Rule will put tens of thousands of jobs in our state directly at risk by affecting Hoosiers' utilities that rely on coal-fired power to keep our lights on and manufacturing facilities working. ... Power plants that cannot reasonably afford these compliance costs will have to shut down and be replaced in a short timeframe by new generation and transmission at substantial cost to consumers. ... The Utility MACT Rule also impacts the reliability of our electricity supply. Maintaining the flow of electricity is more than a theoretical concern when several power companies have announced plant shutdowns in anticipation of the rule. ... With Indiana's unemployment rate well above its historic average, we need to avoid the regulatory uncertainty that has slowed investment and job creation over the last three years. Measures that threaten the balance of supply and demand, and the cost, of our electricity do just that. Indianapolis Star

Death By Regulations: Another Former Dem Senator Leads The Charge Against President Obama’s Regulatory Agenda. “The message that we’re trying to leave is that if we want to create more jobs and make the economy better, how do we somehow get this disproportionate burden of ever increasing new regulations off the backs of the people who create the jobs?” Dan Danner, the chief executive of the National Federation of Independent Business, said at an event launching the SBSR. Lincoln agreed. The former Senator said that eliminating the uncertainty is the key. "These are things the Obama administration can do immediately to help job creation," former Arkansas Sen. and Coalition Chairwoman Blanche Lincoln told The Washington Examiner. "One of the best ways we can help small businesses create jobs is to lessen the uncertainty they have in terms of regulation." In any case, now we have Lincoln standing in opposition to Obama's gorging on the very regulations that are destroying America's small businesses ... Chicago Now


The Economy: Frustration With President Obama’s Failed Economic Policies Soars

Americans Say President Obama Has Made The Nation’s Economic Situation Worse. Americans are steamed, and the economy’s providing the heat: The ABC News Frustration Index stands at 72 on its scale of 0 to 100, one of its highest readings on record. ... The index, based on presidential approval, ratings of the economy, dissatisfaction with the government and anti-incumbent sentiment. ... The public has not mellowed since, particularly among those most stressed economically or least enamored of the Obama administration. The index, drawn from the latest ABC News-Washington Post poll, soars to 85 among Americans who say their economic situation has worsened since Barack Obama took office, 83 among those who rate the economy as “poor,” 82 among those most worried about their standard of living and 81 among people who most fear they won’t have adequate resources for retirement. ... The Frustration Index, produced for ABC by Langer Research Associates, correlates strongly with other political and economic measures, including consumer confidence and views of whether the country is headed in the right direction. ABC News

77% Of Small Business Owners Do Not Plan To Hire More Workers, Cite Regulations and Uncertainty As Major Reasons. The Obama economy is so bad that 77 percent of small business owners do not plan to hire any more workers despite all of Washington's hype that the business climate is getting better. Worse: 64 percent of small business owners in a new survey provided to Whispers see the nation teetering on the verge of another recession. Most shocking of all in the survey of small and medium sized business owners is that many would like to hire more workers but can't, and new financing rules imposed by hurting banks have made getting loans sharply more difficult than in the past. U.S. News & World Report


Keeping Tabs

White House Shuffle: Staff Changes Won’t Matter Unless The Underlying Policy Changes. William M. Daley was hired to help resuscitate Barack Obama's presidency after deep Democratic losses in 2010. Ten months into his tenure as chief of staff, Mr. Daley's core responsibilities are shifting, following White House missteps in the debt-ceiling fight and in its relations with Republicans and Democrats in Congress. On Monday, Mr. Daley turned over day-to-day management of the West Wing to Pete Rouse, a veteran aide to President Obama, according to several people familiar with the matter. It is unusual for a White House chief of staff to relinquish part of the job. The Wall Street Journal
 





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