The Leader's Ledger

Posted by Jessica Straus on

Good Morning,

Unable to hide from that fact that small businesses have seen a 52% increase in red tape under President Obama, the White House and its surrogates are scrambling to spin the President’s failed record on the economy. This morning, in response to a question about the Obama Administration’s regulatory agenda that is costing the economy millions, a senior Obama strategist said, “I think that’s tremendously overstated, the President came into office and what he did was he actually eliminated a lot of regulations.” Hmmm, how does that jive with the President touting his red tape record? Yesterday the President highlighted his policies from “toughening fuel efficiency standards to health care reform.” Translation: More burdensome EPA regulations and ObamaCare regulations that are creating uncertainty for businesses small and large. This summer, the House will vote on measures to put a freeze on Washington red tape and give our nation’s small businesses some much needed certainty. President Obama should set the rhetoric aside and join us.
Today In History: In 1883, the Brooklyn Bridge over the East River was opened, connecting the great cities of New York and Brooklyn for the first time in history. Designed by the late John A. Roebling, the Brooklyn Bridge was the largest suspension bridge ever built to that date.

 Birthdays: Rep. Doug Lamborn, Kasie Hunt, Bob Dylan, Patti LaBelle, Rosanne Cash, Joe Dumars, Priscilla Presley and Julius Caesar

Here are the Top 5 things you need to know today…

1. State Of Play: Leader Cantor: The Economic Policies Coming From The White House Indicate A Hostility Toward Entrepreneurs, Investors. “We don't have enough people with the confidence to put their capital at risk. We don't have people willing to take a loan from a bank and undertake that risk, because they hear the hostility coming from the White House and the policies there. It comes from a real lack of appreciation of the consequences of the actions in Washington on actors in the economy...I don't think it is for the President to decide, as long as there is legal activity, which profit is good and which profit is not. If it is illegal behavior we ought to stamp it out. No question about it. If there is legal behavior, the White House nor anybody in Washington, they shouldn't be determining who should have a profit and who shouldn't. That has been the whole problem here.” CNBC

2. Pro-Growth: Dem Senator Admits Government Should Not Be Picking Winners And Losers, Supports Free Market System. Senator Joe Manchin, West Virginia Democrat, spoke with the Washington Times affiliated radio program America's Morning News on Wednesday he believes that the private sector was better at picking winners and loser in the free market than government was. "I believe in the free enterprise system. I believe business and labor have to work together. I think if you have a good business, you'll have good workers and if you have good workers then that's a good place to work," he said. "I think with the balance that we have, the markets have always done a much better job (in picking winners and losers in the free market) than what we've done in government."Washington Times

3. Small Biz: More Small Businesses Show Signs Of Recovery, Still Concerned About Cash Flow And Ability To Acquire New Customers. Many small businesses are reporting increased liquidity and say they plan to invest in growth, including hiring more people, according to a Capital One Small Business survey…For the first time in three quarters, more small businesses report that their financial performance is better than the year-ago period than say it's the same. Four out of five businesses surveyed said their companies' financial performances met expectations for the quarter…More small businesses are making plans to hire new employees compared with last quarter. Roughly 34% of small businesses plan to hire more employees over the next six months, compared with 27% last quarter and 30% in the year-ago quarter. "The latest survey results show some positive signs that more small businesses are beginning to focus on hiring, with the increase in the number of small businesses making plans to hire compared to the previous quarter at the highest level in over two years," said Jon Witter of Capital One…The mostly positive outlook is tempered, however, by businesses' concerns about cash flow and the ability to acquire new customers, Capital One said.Wall Street Journal

4. Health Care: Editorial: $20 Million Of Taxpayer Money Being Used For ObamaCare Propaganda, When 56% Of Voters Want ObamaCare Repealed. PRWeek magazine announced this week that the federal Department of Health and Human Services, or HHS, had signed a $20 million contract with the public relations firm Porter Novelli to "educate" the public about ObamaCare. This means that if you pay taxes, President Obama is using your own money to propagandize you and your family, in an election year, in favor of the unpopular health care law that probably cost his party its majority control of Congress in the last election…This isn't the first time Obama has spent your tax dollars promoting his political agenda. His $831 billion stimulus package contained more than $33.5 million for Ogilvy Public Relations Worldwide, including $17.9 million for a "publicity center" promoting HHS products…According to a recent survey by Rasmussen Reports, 56 percent of likely voters want it repealed. It is bad enough that American citizens have to pay for the management and execution of federal programs they never wanted. They shouldn't have to pay for propaganda promoting these programs as well. Washington Examiner

5. Energy Focus: Whip McCarthy Leads House Energy Action Team, Hits Obama Administration For Burdensome Regulations Prohibiting Domestic Energy Production. President Obama will use the backdrop of an Iowa wind turbine blade maker to press Congress to extend the production tax credit, which is set to expire at year’s end and is vital to financing new wind-power projects. He’ll also use the visit to TPI Composites to call on Congress to authorize another round of a stimulus-law program that provided $2.3 billion in tax credits for manufacturing green-energy-related equipment. It caps several days of White House efforts to make the case for the incentives, which are part of the wider “to-do list” for Congress that Obama is using to call attention to what he calls GOP intransigence on jobs programs. But Republicans are conceding nothing in the camera-ready department. Thursday brings a series of events and press conferences across the country under the umbrella of the GOP leadership-run House Energy Action Team (HEAT). The events are part of a wider GOP campaign against Environmental Protection Agency regulations and what Republicans call undue Obama administration restrictions on oil-and-gas drilling. The Hill

Off The Beaten Path:

Bob Dylan Heads To The White House Next Week

Wave Of The Future? Holograms To Greet Travelers At NYC Airports

Hotel Employees Foil Attempted Casino Robbery In Las Vegas

Captivating Video: Slinky Struts Its Stuff On A Treadmill


GOP Health Care Reforms