Policy: Economy

Morning Examiner: Obama’s eighth pivot to jobs

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Beltway Confidential,Conn Carroll,Morning Examiner,Barack Obama,Jobs,Economy,Analysis

Less than two days after President Obama devoted a rare impromptu press briefing entirely to a single local Florida crime story, Obama senior adviser Dan Pfeiffer sent an email to select reporters Sunday accusing the rest of Washington of taking “its eye off the ball on the most important issue facing the country.” Pfieffer then announced that Obama would be giving two economic speeches Wednesday, one at Knox College in Galesburg, Ill., and another at University of Central Missouri in Warrensburg, Mo.

If you haven’t seen it, it’s new to you
Obama’s address will contain little but leftover and forgotten items from past policy addresses, according to the AP. He’ll “talk about efforts to expand manufacturing, sign up the uninsured for health care coverage, revitalize the housing industry and broaden educational opportunities for preschoolers and college students.” He is also expected to claim American businesses are in desperate need of millions of new immigrant employees at a time when the unemployment rate is 7.6 percent, and rising, and 22 million Americans are underemployed.

Obama’s eighth pivot to jobs
This is not the first time the president has admitted focus has been lost and then declared a pivot to jobs. As the Washington Examiner‘s Byron York documented before Obama pivoted to jobs in this year’s State of the Union, the White House previously attempted five such pivots before 2013. Throw in the SOTU, and a May pivot to jobs at the height of the Obama scandals, and this is, at least, the eighth pivot to jobs of Obama’s presidency.

Why now?
With Congress set to leave for August recess at the end of the week, Obama’s new jobs message appears designed to set the table for the upcoming government funding battles this fall. First, the continuing resolution that is currently providing the authorization for keeping the government running expires September 30. A new CR will be needed, and Obama will be looking to add as much new spending on to that agreement as possible, and maybe even score some new tax cuts.

Then, sometime later this fall, and possibly even into the winter, the Treasury Department will tell Congress they need to raise the debt limit, again. Treasury was supposed to reach the debt limit in May, but higher taxes and a one-time boost in revenues from Fannie Mae and Freddie Mac stock has the Treasury flush with cash. That won’t last forever, so the government will have to borrow, again, to keep its doors open, and Obama wants to do that while making as few concessions as possible.

The end of amnesty?
While Obama will mention immigration in his speech Wednesday, it appears to have been folded into being just another item on a longer laundry list of an agenda that has no prayer of ever passing Congress. Instead of an all-out campaign to pass immigration this year, the White House appears to be punting on the issue and moving on to the next fight.

From The Washington Examiner
Editorial: Student loans are enslaving a generation of young Americans
Byron York: Are Republicans already dissatisfied with their 2016 field?
Sean Higgins: What Democrats and unions have done to Detroit
Phil Klein: Latino groups say they lack funding for Obamacare outreach
Conn Carroll: Why you’ll never see the House ‘Gang of Seven’ immigration plan
Brian Hughes: Obama tries to regain footing with economic message
Rebecca Barg: McCain backs Enzi over Cheney in Wyoming GOP primary
Tim Carney: Ethanol industry has EPA as ally in battle against big oil
Steve Contorno: Ken Cuccinelli, Terry McAuliffe both on the attack in first Va. gubernatorial debate

In Other News
McClatchy Newspapers, California businesses pushing GOP lawmakers to back immigration overhaul: Prominent Republicans and their traditional allies in the business community frame an immigration overhaul as both crucial to the economy and the long-term prospects of the party. And they are waging an educational campaign to encourage California lawmakers to lead the way.
The Wall Street Journal, U.S. Growth Outlook Stuck in Neutral: A series of disappointing economic reports have dashed economists’ hopes from earlier this year that the U.S. was at last entering a phase of solid, self-sustaining growth.
Philadelphia Inquirer, Obamacare delay is a relief for a family business: Philadelphia businesses welcome the delay of Obamacare’s employer mandate.

Lefty Playbook
Josh Marshall attacks Justice Scalia for bringing up Weimar Germany in judicial activism talk.
Kevin Drum says the Republican War on Obamacare is Reaching Absurd New Heights.
Think Progress attacks Michigan Gov. Rick Snyder for not asking for a federal bailout of Detroit.

Righty Playbook
John Fund on Obamacare’s NSA.
James Pethokoukis suggests Detroit remake itself as the Hong Kong of the Midwest.
Patrick McLaughlin and Robert Greene show that deregulation did not cause the financial crisis.

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