From The Hill: Jobs bill from GOP Study Committee
Posted November 3, 2011on:
More jobs plans: An influential bloc of House conservatives unveiled a jobs plan Wednesday that one leader described as “the exact opposite” of the proposal President Obama is pushing. The Republican Study Committee plan combines a tax overhaul, reduced regulations and an expansion of domestic energy production. The architects of the proposal said they had no specific estimate of how many jobs it would create, but the panel’s chairman, Rep. Jim Jordan (R-Ohio), said they thought it would “create a lot more than President Obama has created,” our Russell Berman reports. ( I have said repeatedly on this blog that if our government truly wanted to get our economy bombing again all they have to do is lift the ban on drilling for oil and natural gas and cut the regulations that are strangling that industry. Drilling offers good jobs and good money that will enter the economy and start everything moving. Of course this is too easy and would get the United States away from dependency to other countries for our energy needs. Tho now we are more dependent on our neighbor Canada than any others and Canada is a fairly friendly country for the time being. Of course they are much more tolerant of Muslims/Islam and Sharia Law so how long they will remain friendly neighbors is to be see.
Perhaps if our government allows the use of America’s natural resources we might be exporting oil and gas and coal. BB)
The steadfast Fed: The Federal Reserve opted to stay the course Wednesday, making no changes to its existing policies and releasing a relatively upbeat review of the economy, The Hill’s Peter Schroeder reports.
Post office love: A bipartisan group of senators has announced a plan to vastly revamp how the U.S. Postal Service operates, in a bid to help lift the agency up from the brink of insolvency, our Bernie Becker reports.
The bill — from Sens. Joe Lieberman (I-Conn.), Susan Collins (R-Maine), Tom Carper (D-Del.) and Scott Brown (R-Mass.) — would restructure how the Postal Service deals with a large payment for future retirees’ healthcare benefits and keep the agency from scrapping Saturday delivery for at least two years. (This bill would allow the post office to dip into the retirement funds for current needs which of course is always an excellent idea! BB)
More letters to the supercommittee: Forty members of the House GOP, including conservative stalwarts like Rep. Ron Paul (R-Texas), joined a bipartisan letter calling for the supercommittee to put ‘revenue’ on the table, but the letter’s vague language raises questions about how useful it will be in pushing the panel toward a grand bargain, Erik Wasson reports.
“To succeed all options for mandatory and discretionary spending and revenue must be on the table,” states the letter, organized by Reps. Heath Shuler (D-N.C.) and Mike Simpson (R-Idaho).