The Leader's Ledger

Posted by Jessica Straus on

Good morning,

Gas prices have nearly doubled since President Obama took office, hurting small businesses and the middle class. Yet, the President is still focused on the same failed taxpayer-funded energy programs that still haven’t generated the 5 million jobs he promised. The House will continue to act to boost domestic energy production, lower gas prices, grow our economy and create new jobs. Today, Leader Cantor and bipartisan members in the House are in Louisiana, touring offshore energy rigs. As Leader Cantor said, “Louisiana and other Gulf states play a critical role in safely and responsibly developing our domestic energy resources. Decision makers in those states need to know that they have partners in Washington who are committed to advancing a strong national energy policy.” It’s time for the President to join us and commit to a true all-of-the-above energy strategy.

 Today In History: In 1977, Memorial Day weekend opens with an intergalactic bang as the first of George Lucas' blockbuster Star Wars movies hits American theaters.

Birthdays: Rep. Ed Whitfield, Anna Palmer, Mike Myers, Lauryn Hill, Frank Oz, Stacy London, Claude Akins

Here are the Top 6 things you need to know today…

1. State Of Play: Leader Cantor, House Members Visit Gulf Coast, Focus On Expanding Domestic Energy Production. House Republicans will cap a two-day spree of energy-themed events across the country Friday with a trip by Majority Leader Eric Cantor (R-Va.) and several other members to an offshore drilling rig in the Gulf of Mexico. The visit, which will emphasize GOP calls for a major expansion of offshore oil-and-gas leasing, follows a series of events in several states Thursday…The GOP’s recess push on oil-and-gas policy, which is happening as President Obama is ramping up calls for Congress to extend green-energy tax credits. Obama used a trip to an Iowa wind turbine blade manufacturer Thursday to call for fast action — which isn’t likely — on the extension of a tax credit that’s key to financing new power projects. The Hill

2. The Economy: Americans Say President Obama’s Economic Policies Have Made No Impact On Pocketbook Issues Or Made Things Even Worse. President Barack Obama’s most glaring vulnerabilities this election cycle are laid bare in the new NBC News/Wall Street Journal poll, in which Americans say the incumbent commander in chief has either made no impact on pocketbook issues – or even made them worse. More respondents said Obama made worse the budget deficit (47 percent), health care (43 percent), and the partisan divide in politics (39 percent) than those who said the president had improved – or at least made no difference – upon them during his first term in office.NBC News

3. Pro-Growth: The House Republican Pro-Growth Summer Agenda Will Boost Energy Production And Rollback Red Tape. In mid-June, Republicans plan to pass bills to encourage energy “production on federal lands and lessen the burden of job-inhibiting red tape.”“The real tragedy is that thousands of jobs go unrealized as a result of the President’s energy policies—jobs that could bolster our slow economic recovery,” Cantor’s memo reads. “It is critically important that we promote and invest in America’s energy resources, encouraging—not discouraging—states like North Dakota, Ohio, and Pennsylvania to lead a domestic energy boom.” There’s more regulation cutting where that came from. Republicans plan to move a bill from Rep. Tim Griffin (R-Ark.) to impose a moratorium on most new regulations and a Rep. Reid Ribble (R-Wis.) bill that would curtail the ability for the president from passing regulations in his “final days in office.” Politico

4. Energy Focus: Whip McCarthy, House GOP Push For “All-Of-The-Above” American Energy Strategy. Majority Whip Kevin McCarthy is promising more action on the House floor as Republicans fan out to oil rigs, fracking sites, a pipeline factory and other energy venues in several states Thursday and Friday to push for domestic production… McCarthy is with Rep. Rick Berg in North Dakota, where the Bakken oil and gas industry is booming. House Majority Leader Eric Cantor is joining Rep. Steve Scalise (R-La.) on a deepwater oil rig and platform in the Gulf of Mexico on Friday. House Natural Resources Committee Chairman Doc Hastings (R-Wash.) is with Rep. Francisco Canseco (R-Texas) on a tour of hydraulic fracturing operations. Rep. Bill Flores (R-Texas) told reporters he is working on “smart legislation to regulate hydraulic fracturing.”… McCarthy said an “all of the above” energy platform includes providing financial certainty for the wind industry. “The president supports this, but he says no to Keystone,” he said. “We will do the wind, but we will do Keystone, we will do solar, we will do coal.” Politico

5. Small Biz: Rep. Coffman: We Need To Remove Red Tape And Provide Reg Relief So Small Businesses Can Grow & Create Jobs. Uncertainty about inconsistent credit, taxes, and energy costs are major problems for small businesses owners, but we’re learning that the concern about over-regulation seems to be at an all time high. A recent U.S. Chamber of Commerce poll found that concerns about federal regulation were at the highest levels of the year. The poll showed that 52 percent of small businesses cited regulations as the top threat to their business, which was an increase of nine percent from June 2011…During the first three years of the Obama administration, 106 new major federal regulations added more than $46 billion per year in new costs. This is almost four times the number and more than five times the cost of the major regulations under the previous President’s first three years. Instead of micromanaging our society through over-regulation, the Obama Administration should focus on making it easier and less expensive for small business to hire new employees…At a time when the economy is stuck in neutral and unemployment remains stubbornly high, Washington must do more to provide regulatory relief to the private sector so that small businesses can be free to grow and create jobs. Denver Business Journal

6. Keeping Tabs: Wash Post Gives Three Pinocchios For Obama’s False Claims On Federal Spending. So in every case, the president wanted to spend more money than he ended up getting. Nutting suggests that federal spending flattened under Obama, but another way to look at it is that it flattened at a much higher, post-emergency level — thanks in part to the efforts of lawmakers, not Obama…In the post-war era, federal spending as a percent of the U.S. economy has hovered around 20 percent, give or take a couple of percentage points. Under Obama, it has hit highs not seen since the end of World War II — completely the opposite of the point asserted by Carney…Carney suggested the media was guilty of “sloth and laziness,” but he might do better next time than cite an article he plucked off the Web, no matter how much it might advance his political interests. The data in the article are flawed, and the analysis lacks context — context that could easily could be found in the budget documents released by the White House. Washington Post

Off The Beaten Path:

Friday Sing Along: “Call Me Maybe” Supercut Video

Peddling Fashion A La Food Trucks…

David Beckham’s Special Delivery For The President

SpaceX Dragon Capsule Makes History, Captured By International Space Station


GOP Health Care Reforms