Last year, the House Republicans proposed our plan to spur job creation and economic growth. To date, the House has passed 27 bipartisan jobs bills that pave the way for small business growth, competitiveness and innovation – and are supported by small businesses across the country. Yesterday, President Obama’s Council on Jobs and Competitiveness endorsed these same pro-growth policies House Republicans have been championed for the past year that are being blocked by Senate Majority Leader Harry Reid and the Democrat Senate. Leader Reid ought to heed the advice of the President’s Jobs Council and stop blocking these common-sense policies that will help our nation’s small businesses expand and create jobs right away.
Today In History: In 1803, Thomas Jefferson requested funding from Congress to finance the Lewis and Clark expedition. Jefferson officially asked for $2,500 in funding from Congress, though some sources indicate the expedition ultimately cost closer to $50,000.
Birthdays: Rep. Kay Granger, Mark Messier, Oliver Hardy, Cary Grant and Kevin Costner
Here is what’s in today’s Ledger …
State Of Play: President Obama’s Jobs Council Promotes The GOP Approach To Job Creation
White House Jobs Council Position On Tax Rates, Regulations and Energy Is Almost Exactly What Republicans Have Proposed. The President's Council on Jobs and Competitiveness proposed cutting the corporate tax rate, boosting domestic energy production and reducing government regulations that hinder business. Obama heralded the report and the hard work of the council over 11 months … The reports' emphasis on taxes, regulation and energy thrilled Republicans. It's almost exactly what Republican Sen. Johnny Isakson of Georgia recommended in the GOP's weekly radio address Saturday: "It's no secret that the number one issue facing our country is jobs. So the number one goal of the Republicans for 2012 is to continue to make it easier for American small businesses to create jobs," Isakson said. "We'll accomplish this by focusing on three things: fundamental tax reform, regulatory reform and energy security." USA Today
From Speaker Boehner’s Office: President’s Jobs Council to President Obama: Adopt GOP Bills, Approach to Job Creation. Yesterday, the President’s Council on Jobs and Competitiveness released its year-end report, recommending how we can “create jobs in the short run and improve our nation’s competitiveness over the long term.” The recommendations focus on reducing regulatory burdens, simplifying our tax code, utilizing American sources of energy, and fostering private sector innovation and global competitiveness – the very approach House Republicans have advocated.
Chairman Hastings: President Obama Is Ignoring His Own Council’s Recommendations On Energy Production and Job Creation. House Republicans quickly pounced on the jobs council report Tuesday, noting that the recommendations echo their "all-of-the-above" energy strategy. "The President’s Jobs Council today confirmed what House Republicans have known all along, that American energy production will spur job creation and strengthen our national security," House Natural Resources Committee Chairman Doc Hastings (R-Wash.) said in a statement. "Unfortunately, it appears President Obama is ignoring his Council’s recommendations, much as he has ignored the views of House Republicans on energy production, economic growth and job creation." The Hill
State Of Play (2): House To Vote Today On A Resolution Of Disapproval On The President’s Debt Limit Request
Speaker Boehner: Today’s Vote Is An Indictment Of The Administration’s Reckless Spending Binge. House Speaker John Boehner launched the new session with a broadside on the Obama administration’s “leadership failure” on the national debt. “The vote itself is an indictment of the administration’s reckless spending binge that has driven America’s economy down a disastrous fiscal path and hurt job creation at a critical time for middle-class families and small businesses,” he said, in a statement. Since President Obama took office, the national debt has increased some $4.6 trillion, “the most rapid increase in debt under any US president,” he adds. Current federal debt now exceeds the US gross domestic product, and the US is borrowing 40 cents of every dollar it spends. The Christian Science Monitor
Chairman Hensarling: Today’s Vote Presents An Opportunity For House Republicans To Point Out President Obama’s Failed Record On Spending. … many House Republicans said they are eager to cast another vote against raising the debt limit. Representative Jeb Hensarling, a Texas Republican, called the vote “another opportunity to remind the American people who brought us these trillion-dollar deficits.” Bloomberg
Rep. Tom Reed: House Republicans Will Continue To Demonstrate How We Are Committed To Ending The Decades-Old Borrow and Spend Mentality In Washington. Republicans are seizing the measure as an opportunity to highlight the record deficits racked up during Obama's first term in the White House. "This resolution keeps the government's spending problem in the forefront of our conversation and demonstrates that we in the House are committed to ending the decades-old borrowing and spending mentality in Washington," said Rep. Tom Reed, R-N.Y. "Many want this issue swept under the rug until after Election Day. We will not let that happen." The Associated Press
From Natural Resources – The White House Talking Points Don’t Match Up With The Facts
White House Press Secretary Jay Carney: “The fact of the matter is, on oil and gas production, we have higher oil production in this country in 2010 than we've had since 2003. This President is committed to an all-of-the-above approach in our energy development, which means increasing production here at home, a focus on natural gas and its importance for our energy future, as well as investments in clean energy.”
Despite Carney’s rhetoric, the facts show that the Obama Administration’s actions are actually causing a decrease in American energy production:
• Oil and natural gas production on federal lands is down by over 40% compared to ten years ago. Carney does not explain that the vast majority of increased production is occurring on private lands in states such as North Dakota, not on federal lands.
• Under the Obama Administration, 2010 had the LOWEST number of onshore leases issued since 1984.
• The Administration held only one offshore lease sale in 2011. Conducted on December 14th, the Administration narrowly avoided making 2011 the first year since 1953 without an offshore lease sale.
If President Obama is truly committed to an all-of-the-above energy approach:
• Why is he proposing an offshore drilling plan that keeps the majority of our offshore energy resources under lock-and-key?
• Why is he refusing to make a decision on the Keystone XL Pipeline?
The Economy: President Obama’s Economic Agenda Continues To Cost Jobs, Stifle Small Business Job Creation
Will President Obama Continue To Try and Raise Taxes On Working Families and Small Businesses? Democrats like Sen. Charles Schumer of New York have suggested that many families making $250,000 are not rich. He has acknowledged that Republicans scored political points by arguing that raising taxes on individual income above $200,000 and couples making more than $250,000 would hit a fair amount of small businesses. But while the president has adopted rhetoric calling on millionaires to pay their fair share, his proposals on the Bush tax cuts haven’t budged from $250,000. And if that approach continues, the Republican presidential nominee could use Schumer’s words against Obama in the 2012 general election. “They are not rich, and in large parts of the country, that kind of income does not get you a big home or lots of vacations or anything else that’s associated with wealth in America,” Schumer said in October. “They are firmly in the middle class. Same with small-business owners in that level.” The Hill
Harvard Business Grads Cite Uncertainty Over The Regulatory Environment and Taxes As The Chief Obstacles To Job Creation and Job Retention. The chief obstacles to creating or retaining jobs in the U.S. were the regulatory environment, talent issues and taxes. With both regulations and taxes, respondents cited uncertainty as much as the burdens of existing policies. The Wall Street Journal
Result Of Obamanomics – 3.9 Million Long-Term Unemployed Americans. The government said that in December 3.9 million nationwide had been out of work for at least a year and were still looking. Federal Reserve Chairman Ben Bernanke has called this "a national crisis." … "This is what people saw in Europe: You had large groups of people who hadn't worked in a long amount of time," says Betsey Stevenson, former chief Labor Department economist and now a visiting professor at Princeton University. The Wall Street Journal