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Setting the Stage

John Boehner’s timing is pretty good. Today, in a pre-election rabble-rousing speech, he called on Obama to can his economic team:

Virtually no one in the White House has run a small business and created jobs in the private sector. That lack of real-world, hands-on experience shows in the policies coming out of this Administration. … We have been told that the president’s economic team is ‘exhausted’ — already, his budget director and his chief economist have moved on or are about to. Clearly, they see the writing on the wall, and the president should too.

President Obama should ask for – and accept – the resignations of the remaining members of his economic team, starting with Secretary Geithner and Larry Summers, the head of the National Economic Council.

He also made other suggestions — retain the Bush tax cuts, veto job-killing bills (e.g., card check, energy tax), and support aggressive cuts in nondefense discretionary spending. And he argued for repeal of ObamaCare’s “1099 mandate”:

The president’s government takeover of health care is already wreaking havoc on employers and entrepreneurs. This is a law that – upon its enactment – triggered the creation of more than 160 boards, bureaucracies, programs, and commissions. By the end of July, Washington had already racked up nearly 3,833 pages of regulations to direct the law’s implementation.

One of the new law’s most controversial mandates requires small businesses to report any total purchases that run more than $600. … What is the point of making employers and entrepreneurs spend $17 billion to send all this paperwork to Washington, where it’s going to cost about $10 billion to log it in and file it away? Talk about overhead.

And on the same day as Boehner’s speech, this news bolstered conservatives’ argument that the economy is still in the dregs:

Housing sales in July plunged to their lowest level in more than a decade, exceeding even the grimmest forecasts. … “Truly gut-wrenching,” said Jennifer H. Lee, senior economist for BMO Capital Markets. July sales were down 27.2 percent from June. It was the lowest rate for existing-home sales, which include houses, condos, co-ops and town houses, since 1999. For sales of single-family homes, it was the lowest rate since 1995.

The chances that Obama will embrace the Minority Leader’s suggestions are nil. But after the November election, there might be something to talk about. Especially if both the economic news and the Democrats’ political fortunes continue to sink.


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