Nancy Pelosi on job creation America's top priority must be creating jobs, writes Democratic House minority leader Nancy Pelosi in USA Today. "This week, we've crossed the bridge from an obsession with the national debt and a real risk of default to a discussion of job creation," she writes. Democrats proposed a "Make it in America" initiative "to rebuild our roads, bridges, and rail lines; to invest in innovation, broadband, clean energy, and new technologies to create the jobs of tomorrow for our businesses and workers." Pelosi proposes an "infrastructure bank" to fund investments that will both create jobs in the short term and strengthen America's infrastructure in the long term. She says Congress must reiterate its demand that China stop manipulating its currency because it helps keep jobs out of America. When the bipartisan committee considers where else to reduce the deficit, Pelosi argues they must put job creation first and take an approach that increases revenue and cuts the budget. "During more than 200 days in the majority, House Republicans have put our economy at risk by threatening a first-ever default on our debt and refusing to propose legislation to create jobs," she asserts. But job creation will improve the economy and help reduce the deficit in the long-term.
Karl Rove on political winners and losers Neither party should claim victory in the debt ceiling debate, argues the former strategist for George W. Bush in The Wall Street Journal. Both parties lost credibility, but Democrats made the biggest mistake by failing to raise the debt ceiling when they held a majority in December. President Obama took the biggest hit of all by looking powerless and angering his own party. The Republican congressional leaders, conversely, looked better. Sen. McConnell put forward a plan that helped advance talks at a crucial moment and Rep. Boehner managed to control his party without brandishing earmarks or committee reassignments. Rove says the cuts achieved do not solve the federal budget crisis. To do that, substantive reform to federal entitlement programs must be passed, but this will not happen as long as a Democrat-controlled senate and White House oppose such strategies. "And so the GOP must take its case to the people in 2012 in the hope of earning a mandate," he says.