Fox News
Expand
Browse All Video
Watch Live

You're watching...

House Majority Leader Reacts to Obama's Jobs Plan, Pt. 1

Details

  • Description

    Eric Cantor weighs in on president's speech, GOP proposal

  • Duration 6:18
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

And President Obama just unveiled the jobs plan that we've been waiting and waiting and waiting and waiting for.

Just an address to a joint session of congress that sounded more like a candidate's stump speech that a president's policy proposal.

Now the anointed one and his economic team had months to hammer out the terms of the American jobs act -- tonight the president proposed.

A massive giveaway of government goodies to everybody from teachers to small business owners.

To construction workers all paid for with.

Well he's not quite sure except of course for that's.

While most people in this country struggled to make ends meet.

A few of the most affluent citizens and most profitable corporations enjoy tax breaks and loopholes.

But nobody else gets we need a tax code.

Where every one gets -- first.

Now since it seems like the word stimulus and tax hikes were thrown out by the president's pollsters before the speech.

Well I think that's the president's new call the tax the rich and given that it was -- President Obama himself who delivered the speech.

It also included a -- what a shock at his political follows.

-- sincerely believe that the only solution to our economic challenges.

This is simply caught most government spending and eliminate most government regulations but what we can't do.

What I will not do.

Is -- this economic crisis be used as an excuse to wipe out the basic protections that Americans have counted on for decades.

Now basic protections they were always there like Obama care in cash for clunkers.

You know urgent legislation that the president -- political capital to ram through when He -- majorities in both houses of congress.

Now that does not tell you what this man's priorities are I don't know what does joining me now with analysis He was in the audience for the night for tonight's big speech house majority leader Eric Cantor.

-- congressman welcome back to the CF.

Good -- good to be on I I don't want to say except.

Are you on.

Wrote a repetitive.

Doubling down on still bitten you know I'll I'll let you use your own terms here but it sounded a lot like the stimulus.

Proposal that He that He had.

That created no jobs that cost us millions of jobs your thoughts.

Well my -- my question in sort of reflecting on the president's performance tonight is the approach that He took.

You know it was presented as an all or nothing package.

And you know the president needs a win here I I think the people of the country need to win you know they're hurting we all know the unemployment numbers.

We know that people are just plain out of money out of hope here so it it's just striking to me that the president would -- -- down a gauntlet and say.

Pass my package all -- nothing.

Especially after all we've been through here.

Now as you indicated there was planning in there and policy wise.

There are some things that sort of resonate with the Republicans I mean when you start talking about tax relief for small business owners.

That's something that we've been talking about for several years now.

When you start talking about streamlining bureaucracy.

So that you can get more bang for the buck if you will in infrastructure spending fine.

But you know and and He mentioned a program in Georgia having to do with unemployment benefits.

That Georgia works program with something we've been talking about since December 2009.

So there certainly are some things I think that we could get some wins on together for the people.

But when He says it's basically all or not thing.

You know that is not how things can get done that's not a serious way to go and accomplish some policy result.

But in the end to this is 500.

Or just shy of 500 billion dollars that we're talking about.

-- upset when -- got this thing paid for and many pundits on paying for it.

By handing off to the super committee and -- not even confident or we don't really know what they're going to be able to cut the money that they are already promised that they're gonna cut.

So if He doesn't get this paid for he's telling congress you guys get a paid for.

Right you know it was it was.

I think.

I'm not accurate to say was paid for at least in tonight's speech how could it be paid for.

If then He asked congress to identify cuts and savings.

America line so we're back to sort of these same old same old when it comes -- the kind of spending.

And I will tell you.

I've not seen the details but some of the spending language that He used sounded a lot like that kind of language we hard in this stimulus.

Pits several years ago and we all know how successful.

That.

Wise yet you know what look it here's the interesting thing to me is that He seems like is a little late to the stance.

When you really think about it because we just had this big debt -- debate He still never present -- an actual plan.

There's not a plan that we know online tonight and read this is my specific build this is what I want the American people to support.

So the devil is always gonna be in the details but the one thing that is is consistent.

As I predicted last night -- yesterday.

On this program and on my radio shop.

Is that He used class warfare repeatedly.

He wants tax increases that means for small business in the end.

And as David often fight for -- out there for the last two days and I have spies him and I know this congressman.

I have spies that -- -- -- little spin room meetings they got to go out there in the gonna say it will Michelle -- supported.

You know that the payroll tax cut and so and so supported this in the past is that going to be effective in selling this.

Now it's not again I mean the president saying something is bipartisan.

Basically suggests that He knows what -- before.

Again that's not how you get a win here that's not how we're gonna presume produce results for the people that are out of work.

And for the people there are hurting in this country.

So you I really do think there's a better way.

And the president I think miss an opportunity to put his best foot forward to say had -- -- We know we know Republicans and Democrats conservatives and liberals are not gonna agree on a lot of things but there are some things that we can do if we transcend those differences and stick to what the mission here is.

And that is -- get entrepreneur or is back into the business of job creation I.

Load More