The Leader's Ledger

Posted by Brian Patrick on

Good morning,

President Obama has made it clear that rhetoric - not action - defines his presidency. Last night on 60 Minutes, the President summed this up saying, “It is my job to put forward a vision of the country that benefits the vast majority of American.” Unfortunately, his "vision" hasn't delivered results. With over 13 million people unemployed, poverty levels that have increased each year of the Obama presidency, and a record number of Americans on food stamps, the American people need more than a "vision." They need a President who will set aside the rhetoric, political games and constant desire to raise taxes on working families and small businesses and start delivering some results.

Today In History: In 1787, Pennsylvania became the second state to ratify the Constitution, by a vote of 46 to 23. Pennsylvania was the first large state to ratify, as well as the first state to endure a serious Anti-Federalist challenge to ratification.

Birthdays: Frank Sinatra, Bob Barker, Jennifer Connelly, and Rey Mysterio, Jr. Over The Weekend: Megan Whittemore and Steve Johnston

Here is what’s in today’s News …

State Of Play: President Obama Attempts To Move The Goal Posts On The Economy

President Obama Says He Didn’t “Overpromise” On The Economy, Claims He Knew “It Was Gonna Take More Than One Term” To Get The Economy Back On Track. KROFT: “Did you overpromise? Did you underestimate how difficult this was gonna be?” OBAMA: “I didn't overpromise. And I didn't underestimate how tough this was gonna be. I always believed that this was a long-term project. This wasn't a short-term project. For individual Americans who are struggling right now, they have every reason to be impatient. Reversing structural problems in our economy that have been building up for two decades -- that was gonna take time. It was gonna take more than a year. It was gonna take more than two years. It was gonna take more than one term. Probably takes more than one president.” CBS’ 60 Minutes

But that’s not what he said in the past …

VIDEO Flashback February 2009 – President Obama: “If I Don't Have This Done In Three Years, Then There's Going To Be A One-Term Proposition.” Obama: One nice thing about the situation I find myself in is that I will be held accountable. I've got four years. Lauer: You're going to know quickly how people feel about what's happened. Obama: That's exactly right. And a year from now I think people are going to see that we're starting to make some progress, but there's still going to be some pain out there. If I don't have this done in three years, then there's going to be a one-term proposition. NBC’s Today Show

State Of Play (2): The DNC Chair Attempts To Spin The President’s Record Of Failure On Unemployment

Must See TV: DNC Chair Debbie Wasserman Schultz Denies Unemployment Has Gone Up Under President Obama – Watch It HERE

Simple Facts:

• Unemployment Rate January 2009: 7.8%

• Unemployment Rate November 2011: 8.6%

• The Unemployment Rate Has Remained Above 8.5% For The Past 33 Months

11% Unemployment - Declining Labor Force Hides The Rise In The “Real Unemployment Number.” America is employing a decreasing proportion of its people. At the start of the recession, the employment-to-population rate was 62.7 per cent. The rate is now 58.5 per cent. Last month, unemployment fell from 9 per cent to 8.6 per cent. On the surface, this looked like a welcome leap in job creation. In reality, more than half of the fall was accounted for by a decrease in the numbers “actively seeking” work. The 315,000 who dropped out of the labour market far exceeded the 120,000 new jobs. According to government statistics, if the same number of people were seeking work today as in 2007, the jobless rate would be 11 percent. The Financial Times

Obamanomics: Americans Continue To Reject President Obama’s Failed Approach To The Economy

75% Of Americans Believe The Nation Is On The Wrong Track.

60% Disapprove Of President Obama’s Handling Of The Economy. Views of how he has handled the economy is the obvious drag on the president's ratings: While just 33 percent approve, 60 percent disapprove. CBS

68% Of Americans Say President Obama Has Made NO Real Progress On Fixing The Economy, Only 28% Say He Has Made Real Progress

49% Of Americans Believe President Obama’s Policies DID NOT prevent a deeper recession – 37% believe they did

58% Of Americans Disapprove Of The President’s Approach To Job Creation. Similarly, just 35 percent approve his handling of job creation while 58 percent disapprove. The last time Mr. Obama's approval rating on the economy was above 40 percent was in February of this year. CBS

54% Of Americans Don’t Believe President Obama Deserves A 2nd Term. Less than one year out from Election Day 2012, voters remain overwhelmingly pessimistic about the economy, and their concerns are taking a toll on President Obama's re-election chances. Just 41 percent of Americans think Mr. Obama has performed his job well enough to be elected to a second term, whereas 54 percent don't think so. CBS

State Of Play (3): The House Republican Proposal Prevents A Tax Hike On The Middle Class and Creates Jobs

House Republicans Unveil the Middle Class Tax Relief and Job Creation Act. "This package does not include everything Republicans would like, nor does it have all that Democrats have called for," said House Speaker John Boehner, R-Ohio. "But it is a win for the American people and worthy of the president's signature." … Some GOP proposals — for example, charging some seniors more for Medicare, freezing civil servants' pay and raising some federal fees — are similar to past proposals by Obama. While the measure's chief ingredients had been clear for days, the 369-page legislation revealed new details. These included letting states administer drug tests to some unemployment benefit applicants; barring welfare recipients from using their benefits at strip clubs, liquor stores and casinos; and cracking down on illegal immigrants collecting federal checks for the children's tax credit by requiring them and others to first produce Social Security numbers. The GOP plan also staves off a threatened Medicare cut that would slash fees paid to doctors by 27 percent, which no one wants since it would destabilize health care for 47 million seniors and disabled people. The price would be paid by higher-earning seniors, who would pay higher monthly premiums for Medicare outpatient services and prescriptions starting in 2017. The Associated Press

Over 90% Of The Savings In The GOP Proposal Come From Provisions That Are Either The Same Or Very Similar To Those The President Has Supported.

Speaker Boehner: The Keystone Pipeline Project Fits The Definition Of “We Can’t Wait.” "You've heard President Obama say the American people 'can't wait' to take action on jobs," Boehner said Saturday. "Well, the Keystone project is the very definition of an idea the American people can't wait for Washington to take action on." … "This is no time for the same-old my-way-or-the-highway theatrics," Boehner said. "It's no secret that Democrats and Republicans often disagree about the best way to create jobs, but we can't let those disagreements prevent us from acting when we agree." The Hill

Dem Leadership Message: Jobs Can Wait - Pelosi Calls 20,000 American Jobs A “Poison Pill.” House Democratic Leader Nancy Pelosi argued Friday the GOP bill "doesn't have a shot" and said the pipeline provision is "a poison pill designed to sink the payroll tax cut." CNN

Reminder: 47 House Democrats Supported The Keystone Provision When It Was Voted On In The House Earlier This Year

GOP Health Care Reforms