The Leader's Ledger

Posted by Brian Patrick on

Good morning, 

Yesterday while campaigning in Hawaii, the President asked Americans to accept the stagnation that has become the hallmark of his Administration’s economic policies, saying “It's going to take a few more years to meet the challenges that have been a decade in the making, and I think the American people understand that." Instead of preparing Americans to “understand” continued economic decline and record unemployment, the President should work with Congress to boost growth immediately. In the House, we have passed more than 20 bipartisan measures that remove the barriers hindering economic growth so we can return optimism and prosperity to our country right away. This week, the House will send a bill to repeal the 3 percent withholding rule to the President’s desk, which will remove unnecessary costs on businesses. We hope the President will sign this bipartisan measure and start working with us on other areas of common ground to grow the economy and create jobs.

• There's An App For That! Whip McCarthy Launches WhipCast ... Check Out The Video HERE

Today In History: In 1777, after 16 months of debate, the Continental Congress, sitting in its temporary capital of York, Pennsylvania, agrees to adopt the Articles of Confederation and Perpetual Union on this day in 1777. Not until March 1, 1781, would the last of the 13 states, Maryland, ratify the agreement.

Birthdays: Sam Waterston, Ed Asner, Judge Joseph Wapner, Zena Grey, Austin Tuell and Jen Jones

Here is what’s in today’s Ledger ...

State Of Play: Cantor Calls On Democrats To Support The BBA and Help Get America’s Fiscal House In Order  

Leader Cantor Stresses Support, Need For Goodlatte Introduced BBA. “[I] hope that this passes, and I will be voting for it because I do think ultimately that the biggest check we can put on the government’s unbridled spending is a forced balanced budget amendment like most states have,” Cantor said. Politico

Cantor Calls On Democrat Leaders Hoyer and Clyburn To Support The BBA They Have Voted For In The Past. Cantor put the onus on Democrats, singling out Hoyer and Rep. James Clyburn (S.C.), the third-ranking House Democrat. “I think part of what is driving our members toward this version is the fact that there are many Democrats still here serving that actually voted for this version,” Cantor said. “So obviously it will be interesting to see how those members, like Jim Clyburn and Steny Hoyer and others, will vote this week on this version, and whether there is a true commitment to moving towards balance in our budget.” The Hill


State Of Play (2): President Obama Attempts To Shift The Blame For His Own Inability To Get The Economy Back On Track

President Obama Ignores The Fact That His Policies Aren’t Working, Says A Full Recovery Will Take A “Few More Years.” "These problems didn't happen overnight, and the truth is they won't be solved overnight," Obama said yesterday at a Hawaii fundraiser. "It's going to take a few more years to meet the challenges that have been a decade in the making," the president added. "And I think the American people understand that." USA Today

Americans Are More Pessimistic Now About The Job Market Than They Have Been For The Past Decade. Americans' assessments of the job market worsened in November and are now the most pessimistic they have been in the past decade. Nine in 10 Americans say it is a "bad time" to find a quality job, while 8% think it is a "good time." Gallup

House Republicans Have Taken Action On Jobs. The Republican-led House Has Passed Over 20 Bipartisan Jobs Bills. Track The Progress Of The Bills HERE

• View The House Republicans’ Plan For America’s Job Creators HERE


The Road Ahead: ObamaCare Heads To The Supreme Court

Much To Former Speaker Pelosi’s Chagrin, The Supreme Court Will Determine If ObamaCare Is Constitutional. As we argued two years ago in these pages, the Patient Protection and Affordable Health Care Act (aka ObamaCare) is unconstitutional. First and foremost, the law requires virtually every American to have health insurance. Congress purported to impose this unprecedented "individual mandate" pursuant to its constitutional power to regulate interstate commerce, but the requirement is not limited to those who engage in any particular commercial or economic activity (or any activity at all). Rather, the mandate applies to everyone lawfully present in the United States who does not fall within one of the law's narrow exclusions. ... Overall, the Supreme Court's agreement to review ObamaCare's constitutionality probably sounds that law's death knell. When asked about these constitutional issues before the law was enacted, then-House Speaker Nancy Pelosi simply sneered, "Are you serious?" At this point it is safe to say, yes we are. The Wall Street Journal

ObamaCare Is A “Breathtaking Expansion Of Federal Power” That Opens The Door For The Federal Government To Force Americans To Buy Anything. The case, brought by 26 states, including Pennsylvania, is based on ObamaCare's so-called individual mandate, which requires all Americans to purchase health insurance. The 11th U.S. Circuit Court of Appeals ruled it a "breathtaking expansion of federal power." Other appellate courts have upheld the provision's constitutionality. But if such a muddled mandate is upheld and Congress can force Americans to buy health insurance, then it can force them to buy anything. ... Of course, the Obama administration insists the law is constitutional. Yet since the law's inception, Team Obama has granted hundreds of waivers to those it favors. This is "fairness"? The Pittsburgh Tribune-Review


Keeping Tabs

Waning Enthusiasm: College Students Who Were Once Ardent Obama Supports Now Hold Him Responsible For The State Of The Economy, Lack Of Jobs. It is hard to find a state that more vividly illustrates the danger to Obama from declining enthusiasm among young voters than Nevada. Few parts of the country have been harder hit by this recession, with stubborn double-digit unemployment, an unending wave of mortgage foreclosures and huge numbers of homeless. And there are few states where young voters were so crucial to Mr. Obama’s victory. Mark Triola, who was president of Young Democrats of Nevada in 2008, said at the time, the Democratic organization at U.N.L.V. was about three times as big as the Republican organization. By last year, he said, they were about equal, a trend that students there say has not changed this year. ... “I don’t have as much enthusiasm this time as I did last time,” Ms. Farr said. ... “I’m scared that the major I’m getting won’t be helpful in the future,” she said. “That terrifies me. I’m terrified that by the time I graduate, there won’t be jobs. That’s very nerve-racking.” ... In 2008 Ms. Gregory sneaked away from school every day to work at an Obama campaign headquarters. “Sometimes I didn’t get out until midnight,” She said. She, too, could not imagine devoting that much time to him again, as much as she admires Mr. Obama. “I didn’t think it was going to be so bad,” she said. “I’m looking for something to do. Even part time. I was definitely hoping Obama could do more.” The New York Times

President Obama Punts On American Jobs, American Energy Security and America’s Future. Obama’s delaying consideration of the Keystone XL pipeline is what is called a spherically perfect decision, because no matter from which angle you look at it, it looks perfectly the same: wrong. ... the United States will need oil imports for a long time to come, as even the fastest conceivable transition to non-fossil energies cannot be accomplished in a matter of one or two decades. If the United States chooses to cut itself off from its largest, most reliable, and most durable supply of crude oil, from where will it, with its continuing high use of transportation fuel, get its future imports? Crude oil production in two other major U.S. suppliers in the Western hemisphere, Mexico and Venezuela, has been declining (by, respectively, more than 20 percent and more than 15 percent between 2005 and 2011), and in the Middle East the United States faces enormous competition from China. By preventing the oil flow from Canada, the United States will thus deliberately deprive itself of new manufacturing and construction jobs; it will not slow down the increase of global CO2 emissions from fossil fuel combustion (OK, by two weeks, perhaps); it will almost certainly empower China; and it will make itself strategically even more vulnerable by becoming further dependent on declining, unstable, and contested overseas crude oil supplies. That is what is called a spherically perfect decision, because no matter from which angle you look at it, it looks perfectly the same: wrong. The American 
 





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