The Leader's Ledger

Posted by Brian Patrick on

Good morning,

The jobs report this morning is promising: unemployment went down to 8.3% and the private sector added over 250,000 jobs. As Leader Cantor stated this morning, “These numbers are encouraging, especially for those millions of Americans out of work, but we should aim even higher. We shouldn't settle, we can do more, this is America. We need bold, pro-growth policies that reduce red tape and will help our nation's small businesses to succeed, expand and create new jobs. Small businesses are the backbone of America, generating more than half of the new jobs in our country.” Leading Democrats agree. As Senator Reid said this morning, though the numbers this morning are encouraging, “millions of families continue to struggle.”

Today In History: In 1912, several rule changes were implemented in American Football laying the foundation for the modern game. The changes included adding a 4th down, shortening the playing field, and increasing the value of a touchdown to 6 points.

Birthdays: Rep. Rob Wittman, Douglas Holtz-Eakin, Maura Tierney, Isla Fisher, and Norman Rockwell

Here is what’s in today’s Ledger …

State Of Play: We Must Focus On Bold Policies That Promote Small Business Job Creation

Leader Cantor On Jobs Numbers: We Can Do Better, We Must Think Bigger. House Majority Leader Eric Cantor (R-Va.) said Friday’s better than expected jobs numbers were “encouraging,” but that Americans “shouldn’t settle” for an unemployment rate that remains above eight percent. “After several years of bad jobs news, we are finally seeing some good news in today’s jobs report,” Cantor said in a statement. “These numbers are encouraging, especially for those millions of Americans out of work, but we should aim even higher. We shouldn't settle, we can do more, this is America.” … In Cantor’s Friday statement, he continued to press the GOP message that the government stands in the way of economic growth in the private sector. “We need bold, pro-growth policies that reduce red tape and will help our nation's small businesses to succeed, expand and create new jobs. Small businesses are the backbone of America, generating more than half of the new jobs in our country.” … “This week, President Obama finally acknowledged the need to help small businesses, offering many of the same proposals the House passed last year that help small businesses access capital and ease tax and regulatory burdens. But we should think bigger.” The Hill

NFIB: Small Biz Hiring Flat In January. U.S. small business hiring was flat in January, a poll released on Friday showed … In the NFIB survey, the net change in employment per firm was nil, on a seasonally adjusted basis. … NFIB said 11 percent of small business owners added jobs, but an equal percentage reduced employment. The remaining 78 percent made no net change. The percentage of owners reporting hard-to-fill job openings rose to 18 percent, the highest in more than three years. The net percent of owners planning to create new jobs fell 1 percentage point to 5 percent, seasonally adjusted, the third consecutive monthly decline. Reuters

Small Biz Chairman Graves: Our Number One Priority Should Be Removing Obstacles To Growth For Small Business Owners. “Today’s jobs report is certainly good news, but so much more could be done to revive the economy and get Americans back on the job faster. According to the non-partisan Congressional Budget Office report released this week, unless we change course, economic growth will remain sluggish and unemployment will continue to hover near an unacceptable 8 percent. … Removing these growth obstacles for small business owners should be the number one priority. House Republicans have sent more than 30 bipartisan jobs bills to the Senate, where 27 of them still await consideration. It is time for Senate Majority Leader Harry Reid to act.” Press Release

o Here’s The List Of The 27 Bipartisan House-Passed Jobs Bills That Senator Reid Refuses To Consider

Long Term Unemployment Continues To Be A Staple Of The Obama Administration. But while the hiring was described as an encouraging sign by economists, there seemed to be little movement among the ranks of the long-term unemployed and discouraged workers. The number of long-term unemployed, people have who have been jobless for 27 weeks or more, was little changed at 5.5 million, the report said. They accounted for 42.9 percent of the unemployed. The number of persons employed part time because their hours had been cut back or because they couldn’t find full-time work also held steady in January, at 8.2 million. The Washington Post

State Of Play (2): House Prepares To Move On STOCK Act

Leader Cantor On Scheduling The STOCK Act For A Vote: It is my intention to schedule consideration of the Senate-passed STOCK act on the House floor next week. Press Release

Leader Cantor: Insider Trading At Any Level Of The Federal Government Is Unacceptable. The Senate showed a rare display of bipartisanship Thursday to pass the bill 96-3, and House Majority Leader Eric Cantor said it would be before the House next week. President Barack Obama repeated a pledge to sign it immediately. … Cantor said, "Insider trading at any level of the federal government is unacceptable. We will quickly review the entire bill and the amendments that were added ... to ensure that public servants, whether in the legislative or executive branch, do not personally profit from insider information. "It is critical that the bill we send to the president guarantees that the same rules apply to those in the federal government as they do to everyone else." The Associated Press

The Road Ahead: President Obama Was In Favor Of A Sands Pipeline Before He Was Against It

Pre-Keystone, Obama Backed Sands Pipeline. Despite environmental opposition, the Obama administration has approved a controversial oil-sands pipeline. No, not the Keystone XL pipeline that Washington has been fighting over for months. More than two years ago, on Aug. 20, 2009, Secretary of State Hillary Rodham Clinton approved a 1,000-mile pipeline that has the capacity to send 800,000 barrels of oil a day from Canada’s oil sands to Wisconsin. That pipeline is owned by the Canadian company Enbridge and began operating in October 2010 … The State Department said at the time that the Clipper pipeline would increase “the diversity of available supplies among the United States’ worldwide crude-oil sources in a time of considerable political tension in other major oil-producing countries and regions.” On the economic benefits, the State Department said that approval of the pipeline would send “a positive economic signal, in a difficult economic period, about the future reliability and availability of a portion of United States’ energy imports, and in the immediate term, this shovel-ready project will provide construction jobs for workers in the United States.” These are the same arguments that proponents of the Keystone XL pipeline, led by congressional Republicans, cite as reason to approve that project without delay. National Journal

After Learning Of The Clipper Oil-Sands Pipeline – Senate Democrats Further Question President Obama’s Decision On Keystone. “It speaks to the fact that the Keystone XL debate has been infused with presidential politics, partisan politics, and has not had enough to do with the discussion of how do we truly become energy self-reliant,” said Sen. Mark Udall, D-Colo., a member of the Energy and Natural Resources Committee. Udall, like several senators approached by National Journal Daily on Thursday, didn’t know about the Clipper oil-sands pipeline before being prompted about it. … “The same administration approved that one?” said Sen. Mary Landrieu, D-La., who also didn’t know that the Obama administration had backed the Enbridge project. “Then why aren’t they approving this one? I don’t know.” National Journal

Keeping Tabs

The Pelosi Effect: Even Democrats Admit Nancy Pelosi Continues To Destroy The Prospect Of Bipartisanship On Capitol Hill. They don't want to run into the political headwind of Nancy Pelosi, who would become speaker again if Democrats win the House. 'What I think is really lost here is a lot of the retirements were preordained the minute Nancy Pelosi decided to run again for speaker,' said one retiring centrist Democrat. 'Many of us didn't want to share the ballot with her.' Beyond that, this lawmaker said, the moderates have become so powerless in the House Democratic Caucus that a job in Congress is less appealing. The Huddle

GOP Health Care Reforms