The Leader's Ledger

Posted by Jessica Straus on

House Republicans are hitting the brakes on the Obama Administration’s failed economic agenda by voting to lower taxes, freeze red tape, and repeal Obamacare. This week, we are focused on boosting domestic energy production to counter the President’s none-of-the-above energy strategy and to bring down high gas prices that are hurting families and small businesses owners. Plain and simple, lower gas prices are good for fueling the economy. As the Strategic Energy Production Act sponsor Congressman Cory Gardner said, “Our economy is suffering from regulation strangulation…Many involved in energy industries believe that the energy regulations by this president are making it more and more difficult for them to create American energy and American jobs.”

 

Today In History: In 1983, on board the shuttle Challenger, Dr. Sally Ride became the first American woman to travel to space. The Stanford University astrophysicist operated the shuttle’s robot arm, which she helped design.

Birthdays: Sen. Mike Johanns, David Drucker, Blake Shelton, Paul McCartney, Isabella Rossellini, Darren “Dizzy” Reed, Paul Eddington

Here Are The Top Stories We’re Watching:

1. State Of Play: President Obama’s Policy Strategy: Ignore Laws. President Barack Obama returned Friday to a trusted tactic — satisfying his political allies by not doing something…On issue after issue — gay rights, drug enforcement, Internet gambling, school achievement standards — the administration has chosen to achieve its goals by a method best described as passive-aggressive. Rather than pushing new laws through a divided Congress to enact his agenda, Obama is relying on federal agencies to ignore, or at least not defend, laws that some of his important supporters — like Hispanic voters and the gay community — don’t like…“If the president says we’re not going to enforce the law, there’s really nothing anyone can do about it,” University of Pennsylvania constitutional law professor Kermit Roosevelt said. “It’s clearly a political calculation.”… “The president is using executive power to do things Congress has refused to do, and that does fit a disturbing pattern of expansion of executive power under President Obama,” said Jonathan Turley, a constitutional law scholar at George Washington University Law School, known for his support of progressive causes as well as his ire at Obama for not prosecuting Bush officials in connection with alleged torture of terror suspects. “In many ways, President Obama has fulfilled the dream of an imperial presidency that Richard Nixon strived for. On everything from [DOMA] to the gaming laws, this is a president who is now functioning as a super legislator. He is effectively negating parts of the criminal code because he disagrees with them. That does go beyond the pale.”Politico

2. The Economy: Poll: Voters Fear U.S. Could Slip Into A Double-Dip Recession. A massive majority of likely voters fear America could be slipping into a second economic downturn just four years after the Great Recession, according to a new poll for The Hill. But people remain split over which of the presidential candidates — Barack Obama or Mitt Romney — are offering the better prescription for economic health. Amid worrisome jobs numbers and the looming threat of a eurozone crisis, the survey found 75 percent of people were either very or somewhat worried the country is headed toward another recession. Among those concerned, 46 percent said they were “very” worried and 29 percent said they were “somewhat” worried. The survey underscores the influential role economic issues are expected to play in the November elections, particularly in the presidential race. The Hill

3. Obamanomics: President Obama’s Stimulus Spending, Expanding Social Safety Net Has Nearly Doubled Job Losses. A prominent economist has found that expanding the social safety net, a key factor to President Barack Obama’s economic agenda, has nearly doubled job losses. University of Chicago Prof. Casey Mulligan, author of the soon-to-be-released The Redistribution Recession, found that without the rapid increase of the social safety net during the economic crisis, unemployment per capita would have increased by 4 percentage points, half of the 8 point jump the U.S. experienced. “The less painful it is to be without a job, the less reasons employees and employers have to work together to save a job,” Mulligan said. “By making the safety net more generous, you’re going to have more businesses close up because of higher costs, and you’re going to see employees who will refuse to work if their wage is going to be less than their unemployment.”…The increased costs to the labor market provided unemployed workers with little incentive to get back on their feet immediately, and deterred current employees from taking pay cuts in a down economy, according to Mulligan. “When the White House pitched the so-called stimulus bill, they portrayed unemployment and food stamps as free and said they would make the labor market better,” Mulligan said. “That is not only wrong, it is dishonest to those in the labor market who need jobs.” Other economists have come to similar conclusions. John Mueller, an economics fellow at the Ethics and Public Policy Center, found that the 8.2 percent unemployment rate would be 3 percent lower without the rapid expansion of the safety net. Free Beacon

4. Pro-Growth: Governor Walker: Big-Government Is Not The Answer. In the Weekly Republican Address, Wisconsin Governor Scott Walker calls for getting America's "fiscal house on track and...our economy back in order" saying that "more big government is not the answer as the President contends. Instead, we need to confront the powerful special interests in Washington and put the hard working taxpayers back in charge of our government." Furthermore, Governor Walker says, "we need to think more about the next generation than we do about the next election."…”We'll have to make some tough choices but there is no doubt that it is worth it. Let this be the moment in history where we can tell our children and our grandchildren that we helped restore our country's greatness again. I believe we can because I believe in America," Walker said. Real Clear Politics

5. Health Care: Samuelson: The Folly Of ObamaCare. We pay our presidents for judgment, and President Obama committed a colossal error of judgment in making health-care “reform” a centerpiece of his first term. Ahead of the Supreme Court’s decision on the Affordable Care Act (ACA) — and regardless of how the court decides — it’s clear that Obama overreached. His attempt to achieve universal health insurance coverage is a massive feat of social engineering that, by its sweeping nature, weakens the economic recovery and antagonizes millions of Americans…(1) It increases uncertainty and decreases confidence when recovery from the Great Recession requires more confidence and less uncertainty…(2) The ACA discourages job creation by raising the price of hiring. This is basic economics. If you increase the price of labor, companies will buy less of it…(3) Uncontrolled health spending is the U.S. system’s main problem — and the ACA makes it worse. Spiraling health costs crowd out other government programs and squeeze wage increases by diverting compensation dollars into employer-paid insurance…(4) Obama’s program also worsens the federal budget problem. Driven by Medicare and Medicaid, health care already exceeds one-fourth of the budget and is headed toward a third. It’s the crux of the problem…(5) The ACA discriminates against the young in favor of the old. Government policy already does this through payroll taxes that have young workers subsidizing Social Security and Medicare benefits…When historians examine Obama’s first term, the irony will be plain. A president bent on burnishing his legacy acted in ways that did the opposite. It’s a case of bad judgment. Washington Post


Off The Beaten Path:

Webb Simpson Wins U.S. Open

A Special Father’s Day For Capitol Hill Dads

Hair Raising Tight Rope Walk Across Niagara Falls

President Obama Plays 100th Round Of Golf

 





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