The Leader's Ledger

Posted by Brian Patrick on

Good morning,

The 120,000 jobs added to the economy in March didn’t meet expectations, and worse, the unemployment rate fell because a large number of people left the labor force. The level of growth isn’t enough to restore economic security or make a difference for the millions of Americans who are unemployed. We need to continue working together on pro-growth policies to bring certainty and opportunity to the economy. Yesterday, we saw that it is possible for Republicans and Democrats to set aside differences come together to produce results for economic growth and job creation in the signing of the JOBS Act. As Leader Cantor said, “This bill tries to make it a little easier for the small businessmen and women who want to seek investors, who want to build their business to retain and hire more people. It’s a straight up solutions oriented bill. I hope it represents the kind of bipartisan work that we can accomplish here in Washington over the next few months.”

NEW VIDEO – Leader Cantor on innovation and his visit to Google's HQ.

Today In History: In 1896, the Olympic Games, a long-lost tradition of ancient Greece, are reborn in Athens 1,500 years after being banned by Roman Emperor Theodosius I. At the opening of the Athens Games, King Georgios I of Greece and a crowd of 60,000 spectators welcomed athletes from 13 nations to the international competition.

Birthdays: Zach Braff, Candace Cameron, Paul Rudd, Marilu Henner, John Ratzenberger, Billy Dee Williams and Merle Haggard Tomorrow: Val Nelson

Here is what’s in today’s Ledger …

State Of Play: Latest Jobs Numbers Highlight The Need To Focus On Pro-Growth Solutions

Leader Cantor On The March JOBS Report – The Focus Must Remain On Growth. “The monthly jobless numbers are just a quick snapshot of the economy, so while it is welcome news that around one hundred thousand jobs were created last month, there’s more to the picture," said House Majority Leader Eric Cantor, R-Va. "The level of growth we are seeing isn’t enough to make a difference for the millions of Americans still out of work or families facing high gas prices and the uncertainty of a lagging economy." The Associated Press

Persistent, Deep Jobs Deficit Hinders The Possibility of A Robust Recovery. “The low job growth in March was an unpleasant surprise and underscores the fact that a robust jobs recovery has not yet solidified,” said Heidi Shierholz, an economist at the Economic Policy Institute. … “While the slight decline in the unemployment rate and downward trend in the number of workers filing for unemployment are welcome news, the slower than anticipated job growth for March is worrisome,” Christine Owens, executive director of the National Employment Law Project, said in a statement. “We should not attach too much significance to one month’s numbers, especially in light of overall positive trends, but there’s no question that the persistence of a deep jobs deficit along with low labor force participation rates and the lopsided growth in low-wage jobs remain a cause for concern about how robust and sustainable the recovery will be.” The Washington Post

State Of Play (2): President Obama Signs The Bipartisan JOBS Act In Law

The JOBS Act Is A Great Start Toward Boosting The Economy, But Much More Is Needed To Further Spur Growth and Job Creation. Mr. Cantor hailed the Jobs Act as a model for how both parties can come together on areas of common interest and support. “This bipartisan package will spur job creation by removing outdated regulations and increasing access to capital so that small businesses and startups can grow and create jobs,” Mr. Cantor said. “It shows we can set aside our differences and work together on areas of common ground to grow the economy and get people back to work.” The Washington Times

Leader Cantor: We Are Nowhere Out Of The Woods, We Need To Do More. “I hope it represents the kind of bipartisan work that we can accomplish here in Washington over the next few months. We have a very difficult economic situation still.” While Mr. Cantor said he welcomed the improvement in the job market, he added, “We are nowhere near out of the woods.” With the summer travel season approaching, he said, high gas prices were putting a burden on families. The New York Times

Cantor Fights For Small Businesses At The White House. “For the government to sit here and mandate that they act one way or another, in terms of hiring people or not, or who to hire, that just puts more restrictions on small business,” Cantor said. “If we believe in free markets, if we believe that small businesses really are the growth engine, we ought to just empower them by allowing them to keep more of their money so they can retain and hire more workers,” he added. Roll Call

Cantor: The 20% Small Business Tax Cut Will Help Small Businesses Grow and Hire More Employees. Cantor echoed Obama’s call for cooperation and urged bipartisan support of a bill that would cut taxes for small businesses “so they can retain and hire more people.” … “I hear anecdotally throughout my district in Richmond, Virginia and throughout the country it is too hard right now for small businesses to get up off the ground and grow. This bill responds to that difficulty and says we’re committed in America, we’re open for business.” Politico

The Road Ahead: Views On Regulation, Innovation Have Republicans Making Inroads In Silicon Valley

Leader Cantor, House Republicans Leading The Way On Policies To Spur Startup Growth. Republicans say it’s a natural fit: They’re younger than their Democratic counterparts in Congress, and they’re making better use of these companies’ platforms in the political sphere. Best of all, they don’t have to tailor their business message to appeal to Silicon Valley — they oppose new government regulations across the industrial landscape. … “There is a growing realization on the part of the players in Silicon Valley, in the venture [capital] community as well as the startup community, that the Republicans in Congress, and in the House, really do represent the next generation in terms of wanting to move the country forward in innovation,” Cantor told POLITICO in an interview. In essence, Republicans are packaging themselves as the next great innovation for Silicon Valley: a plugged-in protection force pledged to defend private enterprise. It’s part of a sustained GOP effort to position itself as the party of the future, both for the industry and for the voters who use its products. “A lot of us came out of a small-business world and are naturally sympathetic to startup companies, to capitalism, to free enterprise, to innovation,” said Walden, who chairs the Energy and Commerce Subcommittee on Communications and Technology. Politico

When It Comes To Technology and Innovative Tools, House Republicans Aren’t Waiting For The “Case Study”… After that bad year for Republicans, the Young Guns realized they could deliver a message about who they are just by the way they use new media. There was YouCut, a Cantor brainchild that let users pick a government program to put up for a vote on the House floor. McCarthy’s whipcasts have been downloaded by more than 50,000 people, according to his aides, and his office is working on new bells and whistles for it. Rep. Cathy McMorris Rodgers of Washington state has pushed the GOP caucus to use tools like Twitter more regularly. And Cantor and House Minority Whip Steny Hoyer (D-Md.) put together a Facebook-backed “hackathon” last year so that developers and lawmakers could talk about the best ways to improve congressional use of technology. The latest: Cantor’s Citizen Co-sponsor, a program that uses Facebook’s Open Graph platform to let users give their support to legislation and receive updates on where their favorite bills are in the congressional process. That helps explain why Cantor’s Capitol suite is now outfitted with a Twitter wall — a television-size screen that shows tweets from folks Cantor follows. Matt Lira, Cantor’s digital director, said the “watershed moment” came during a 2009 retreat when GOP leaders decided to make digital media a top priority. Since then, House Republicans have worked to build an advantage over Democrats in the House and Senate across the full field of digital platforms. A tactic within that strategy is to start using new platforms as soon as they become available. “We don’t wait for the case study,” Lira said. “We like to be the case study.” Politico


Keeping Tabs

Krauthammer’s Take: Obama vs. SCOTUS – “Unprecedented”? Judicial review has been the centerpiece of the American constitutional system since Marbury v. Madison in 1803. “Strong majority”? The House has 435 members. In March 2010, Democrats held a 75-seat majority. Obamacare passed by seven votes. …. With Obamacare remaking one-sixth of the economy, it would be unusual for the Supreme Court to overturn legislation so broad and sweeping. On the other hand, it is far more unusual to pass such a fundamentally transformative law on such a narrow, partisan basis. Obamacare passed the Congress without a single vote from the opposition party — in contradistinction to Social Security, the Civil Rights Act, the Voting Rights Act, Medicare and Medicaid, similarly grand legislation, all of which enjoyed substantial bipartisan support. … Democrats are reeling. Obama was so taken aback, he hasn’t even drawn up contingency plans should his cherished reform be struck down. Liberals still cannot grasp what’s happened — the mild revival of constitutionalism in a country they’ve grown so used to ordering about regardless. When asked about Obamacare’s constitutionality, Nancy Pelosi famously replied: “Are you serious?” She was genuinely puzzled. The Washington Post

Obama's Budget: 'Interest Payments Will Exceed Defense Budget' In 2019! The latest chart from the Senate Republican Budget Committee, pointing out that under President Obama's budget, the U.S. government will be spending more in 2019 to pay the interest on the national debt than it will be to defend America … See The Chart HERE





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