On Feb. 5, 2011, the president signed the Economic Growth and Deficit Reduction Act of 2011 into law. The legislation lifted the employer-portion of the payroll tax for a year, approved more than $50 billion in infrastructure investments, and cut the deficit. The markets cheered the move, and employers, realizing that consumers were about to have more money in their pockets and that hiring new employees had suddenly become a bargain, quickly moved to expand their labor forces. It was a coup not just for the president, but for the new speaker of the House.
What really will happen:
In televised remarks to reporters, Rep. John Boehner, of Ohio, who is expected to become the new speaker of the House, replacing Nancy Pelosi, said Tuesday’s election was a mandate for his party to push the agenda on which it had successfully run and won control of one congressional chamber while picking up seats and influence in the Senate.
Boehner was pointed in his comments about healthcare, calling the existing law, the centerpiece of the Obama administration’s two years in office, a monstrosity that must be changed.
“The American people are concerned about the government takeover of healthcare,” he said. “I think it is important for us to lay the groundwork before we begin to repeal this monstrosity and replace it with common-sense reforms that will bring down the cost of healthcare insurance in America.”
All John Boehner believes has to do for the next 700+ days or so:
1) Send legislation to the Senate that repeals part of what President Obama passed.
2) Watch it get vetoed.
3) Blame the President.
If you know what your opponent is going to do, you can counter it. Whether or not this occurs to Obama or not, hey, I don't know.
New Tag: Orange Julius.