The Leader's Ledger

Posted by Jessica Straus on

Good Morning,

No matter how or when the Supreme Court rules on ObamaCare – it is clear the law is bad medicine for this country. The American people don’t want a health care law the dictates their health care decisions and hurts small businesses. According to a new poll, likely the last pre-SCOTUS health care poll, a majority said they want the health care law repealed entirely or the individual mandate lifted. Further, if SCOTUS strikes down the law, 57 percent said they don’t want Congress to tackle health care before the elections, a strong rejection of the failed leadership of the President and his party. As Rep. Bill Cassidy, M.D. said over the weekend, “Unless the court throws out the entire law, we should repeal what is left and implement common-sense, step-by-step reforms that protect Americans' access to the care they need, from the doctor they choose, at the lowest cost."

This Day In History: In 1876, Native American forces led by Chiefs Crazy Horse and Sitting Bull defeated the U.S. Army troops of Lieutenant Colonel George Armstrong Custer in a bloody battle near southern Montana's Little Bighorn River. The Battle of Little Bighorn--also called Custer's Last Stand--marked the most decisive Native American victory and the worst U.S. Army defeat in the long Plains Indian War.

Birthdays: Rep. Leonard Lance, Sonia Sotomayor, Carly Simon, George Orwell, Ricky Gervais, Phyllis George, and June Lockhart

Here Are The Top Stories We're Watching:

1. The Economy: With More People Looking For Work And Fewer New Jobs Being Created, The Economy Remains Stuck in Neutral. After months of what looked like an easier road for the unemployed, American job seekers seem to be stuck in neutral, if not heading in reverse. With the economy slowing down, unemployment in the U.S. rose to 8.2 percent in May as the number of people looking for work increased and fewer new jobs were created. What the latest figures mean, say hiring experts, is that getting the U.S. back to work remains a slow and painful process. "Companies are hiring all the time, but it's mainly just replacements," says Marc Cenedella, CEO and founder of TheLadders, a job recruiting service. "We're not seeing a substantial amount of new positions. It's worrisome to say the least." Cenedella is just one of the executives attending the annual Society for Human Resource Management Conference in Atlanta, Georgia. It's a three-day confab at the end of June for HR and recruiting personnel to discuss hiring practices and the state of employment. "There's a lot to worry about. We've got a slow economy and the crisis in Europe. There's little room for optimism when it comes to jobs," Cenedella says...Nearly 17 percent of high school graduates had no job or were not enrolled in college in 2011, up from 13.7 in 2007, according to the Economic Policy Institute. CNBC

2. ObamaCare Poll: New YG Network Poll Shows Majority Of Americans Favor Health Reform Repeal. A majority of Americans want the health care law completely or partially repealed and think the federal government should not be able to force citizens to buy insurance, according to a new poll from the YG Network…With the Supreme Court expected to rule as early as this week on the 2010 Affordable Care Act, the poll offers a glimpse into how Americans view the legislation. The poll, conducted between June 19 and June 21 by GOP pollsters McLaughlin & Associates surveyed 1,000 people with a margin of error of plus or minus 3.1 percentage points. Respondents were split almost evenly in terms of their politics. Thirty-two percent were Republicans; 34 percent were Democrats and 29 percent were independents; 4.5 percent didn't know or refused to reply. The survey sometimes referred to the Affordable Care Act as "ObamaCare," a term often used by critics of the law. The poll also tested a number of Republican talking points. A combined 58 percent of respondents either want the health care law repealed entirely or the individual mandate lifted. Forty-nine percent say they will be upset if the law is left as is while 43 percent say they would not be bothered if the law stands. Nearly 46 percent believe it would be good for them if the court repeals the law. What about the so-called individual mandate? Most Americans--nearly 73 percent--say the federal government should not be allowed to force citizens to buy insurance or face a penalty. Most Americans--92 percent of respondents--said they are satisfied with their health care coverage, and 90 percent report that their health care costs have gone up or stayed the same since the passage of the health care bill. National Journal

3. Health Care Focus: ObamaCare Overturn Will Help Reduce Uncertainty For Businesses And Boost Job Creation. The Supreme Court’s ruling on the constitutionality of President Barack Obama’s health care law may remove some of the uncertainty that businesses have about the law’s effects on their bottom line, but whether that will translate into jobs is another question...Paul Howard, a senior fellow and director of the Center for Medical Progress at the Manhattan Institute for Policy Research, told Congress last year that there is a critical need for healthcare reform. “Unfortunately, the Patient Protection and Affordable Care Act is not the solution to our healthcare woes,” he said in an appearance before the House Committee on Education and the Workforce. “If anything, the Affordable Care Act ‘doubles down’ on many of the worst aspects of our current system, while adding new cost pressures and problems that will serve as a drag on economic growth and job creation for years to come.” Howard told Newsmax that overturning the law will be a move in the right direction...“Taxes on employers who don’t offer creditable coverage, taxes on medical device companies, drug companies, and insurance companies will all go away. Young and healthy Americans won’t face large price increases from Obamacare’s heavy handed insurance regulations. Smaller businesses, and businesses that employ low-wage employees, won’t have to worry about cutting staff to avoid penalties for not carrying coverage."...Andrew Puzder is the CEO of CKE Restaurants, a company that employs about 21,000 people in Carl’s Jr. and Hardee’s restaurants. In an Op-Ed for Bloomberg he noted his company’s healthcare consultant estimated that when the law is fully implemented it will cost his company an additional $18 million a year and that could translate into job losses. “A Supreme Court decision declaring ObamaCare unconstitutional would unquestionably be a positive for job creation and economic growth.” Newsmax

4. Small Biz: Editorial: Smearing Small Business, Liberals Turn on NFIB For Challenging ObamaCare In Court. On the eve of the Supreme Court's ruling on ObamaCare, and with the Justices now presumably beyond political pressure, the liberal intimidation campaign has moved on to other targets. The latest is the small business lobby for having dared to join 26 states in challenging the law. According to the smear campaign against the National Federation of Independent Business, or NFIB, small businesses are thrilled with the Affordable Care Act and the trade group betrayed the 300,000 companies it represents. Among the dozens of media outlets publishing anti-NFIB op-eds disguised as reporting, Reuters recently asked in a headline, "Who truly speaks for small businesses?" The question mark was superfluous…To the extent this passion play with the NFIB as Judas has any grounding in reality, the claim is that Mom and Pop shops will benefit from ObamaCare's subsidies. But among the four million small businesses eligible for new tax credits if they provide health insurance for their workers, a mere 170,300 have signed up. And if the NFIB is as unrepresentative as liberals claim, then why have its ranks grown by 5% since it became a plaintiff in the ObamaCare suit? The charge is especially rich because NFIB regularly polls its full membership to inform its Washington agenda, something few trade associations do. NFIB's members have ranked controlling health-care costs as their top priority every year since…1986. Some 65% believe ObamaCare will do the opposite and 77% believe it will result in a higher tax burden, which are among the reasons the group joined the suit. One in five small businesses believes it'll be forced to alter the benefits it offers employees... In a June 11 interview with Iowa's KTIV news station, President Obama was asked about a specific small business that was forced to close shop as a result of Affordable Care Act regulations. "Yeah, that would be kind of hard to explain," he nonresponded, going on to claim that "the only folks that have been impacted in terms of the health-care bill are insurance companies." The President may be in more denial than NFIB's critics. Wall Street Journal

5. Pro-Growth: To Create Jobs, Break the ICE – Innovate, Collaborate, Educate. Even in tough times, the U.S. has enormous assets. Yet, sometimes our brainpower, innovations, business and human capital are underutilized when they remain frozen in silos, disconnected from one another. Regions with lower unemployment and greater growth prospects break the ice by finding the connections between innovation, collaboration, and education -- a flow of resources to create, attract, and grow jobs...Getting ideas out of the ivory tower and into enterprises requires both excellence in particular fields and collaborations to move innovations quickly. In Albany, the state university's nanoscience expertise has attracted a consortium of semiconductor companies working on collaborative research, bringing facilities and jobs to the area, and encouraging students to start related enterprises. Perhaps we should measure colleges by not only the jobs their graduates get but also the jobs their graduates create. Rather than leave entrepreneurship to stealth all-nighters by the next Bill Gates, Michael Dell, or Mark Zuckerberg (who dropped out), new programs make it legit...The big companies can get first dibs on innovative ideas and better U.S. suppliers, helping bring jobs back to the U.S. But access for small companies is difficult...Verizon's Innovation Center in Waltham, Massachusetts, hosts about 80 other companies to develop industry-transformation projects running on 4G LTE networks -- taking technology out of the phone and into cars, bicycles, or refrigerators -- and sometimes links big and small, such as the "connected home" model that involved Hitachi, LG, and a seven-person startup called 4-Home. Examples like these can be the basis for a national campaign to encourage big companies to help small businesses grow. Huffington Post

6. Keeping Tabs: Chief Executive Of The London Stock Exchange Says Europe Needs Its Own JOBS Act. With the Jump-start Our Business Start-ups Act, the Obama-backed powerful mission to kick-start the US economy by giving a better deal to small businesses and start-ups gives us a great example of how a practical, focused set of measures can restore confidence and reinvigorate a nation. With growth in Europe remaining elusive, we should reflect on this bold US initiative. The US JOBS Act is a forward looking positive step squarely directed at helping small businesses attract equity investors. It shows America is putting growth at the heart of their agenda. It says ‘we are open for business and confident in the future’. This sits in direct contrast to those in Europe who support a pan-European transaction tax. Such a tax would raise the cost of capital for both small and large businesses, stifle growth and create more unemployment. We don’t need a transaction tax. What Europe needs, is to create an environment where small and medium sized businesses can thrive. The Telegraph


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