Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Cantor calls stimulus a 'flop' (Says need to provide more incentives for business to hire)
http://briefingroom.thehill.com ^ | July 12, 2009 | Jeremy P. Jacobs

Posted on 07/12/2009 3:08:26 PM PDT by Maelstorm

House Minority Whip Eric Cantor (R-Va.) continued his assault on President Obama's stimulus package on Sunday, calling the economic legislation a "flop."

Cantor, appearing on Fox News Sunday, said the $787 billion legislation is not working. In particular, he said small businesses aren't hiring.

The Virginia Republican has been a leading critic of Obama and the stimulus package in the last week. He delivered the Republican weekly radio and internet address on Saturday, saying that Obama's economic policies aren't working.

Obama has stepped up his defense of the stimulus and his economic policies. He dedicated his Saturday radio and internet address to the economy and he penned an op-ed in the Washington Post on Sunday on the topic as well.

On Sunday, Cantor, who whipped the entire House GOP caucus to vote against the stimulus, said the package didn't focus enough on preserving and creating jobs. He suggested that the GOP alternative provided more incentives for businesses to hire people, such as giving businesses a tax break.

Cantor also said that the economic crisis is providing an opportunity for "the Republican Party to demonstrate that it can and will lead again."


TOPICS: News/Current Events; Politics/Elections; US: Virginia
KEYWORDS: 111th; bhostimulus; cantor; flop; miserablefailure; stimulus
Eric is exactly right on this. I've had a lot of success when talking about how I'm doubtful the stimulus will work. The reason I give is very simple, the vast majority of job creation does not occur in the government. Right now the Obama administration has done nothing to encourage private business to hire. Most are setting in a holding pattern waiting for the next shoe to fall in the form of huge energy cost increases and tax increases to pay for health care reform. This is a perfect casting of the stimulus. It is a flop everyone in the conservative world should be writing articles and saying that simple phrase "The Stimulus is a Flop".
1 posted on 07/12/2009 3:08:26 PM PDT by Maelstorm
[ Post Reply | Private Reply | View Replies]

To: Maelstorm

Is it me or are the Republicans finding their voice, i.e. their balls?


2 posted on 07/12/2009 3:10:08 PM PDT by ABQHispConservative (A Blue Dog Democrat is an oxyMoron!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm

This is what happens when you promise to punish the productive. They will quit producing.
There are many disgruntled tax payers with their own individual methods to ‘starve the beast’. The looting must stop!

“When you have made evil the means of survival, do not expect men to remain good. Do not expect them to stay moral and lose their lives for the purpose of becoming the fodder of the immoral. Do not expect them to produce, when production is punished and looting rewarded. Do not ask, ‘Who is destroying the world? You are.

- Ayn Rand


3 posted on 07/12/2009 3:13:04 PM PDT by griswold3
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm

long term tax cuts, respect for the rule of law in contracts, and confidence in the administration and intergrity of banking/investment system would lead businesses to hire

I don’t see we have any of those for the next 3.5 years

Tax Cheat Tim Geithner? ygbsm


4 posted on 07/12/2009 3:13:24 PM PDT by silverleaf (Save the earth. It's the only planet with chocolate!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm

Ya know what else is a flop? All of a Eric Cantor’s appearances. Seriously work behind the scenes— let’s stay off the Sunday Morning Talk Shows this guy. For example, Demint, Pence, even Ryan all come off much better than Cantor.


5 posted on 07/12/2009 3:15:52 PM PDT by exist
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm

Didn’t Cantor vote for this originally?


6 posted on 07/12/2009 3:18:09 PM PDT by SoConPubbie
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm
Recently talking with the Well Fargo Investment lady, I lamented ... how did it make sense for the bank to offer essentially no interest on CD’s.

She replied ... they do not need to pay anything for your money use when they can borrow from the FED. for nothing. It is all for profit for the bank when they make loans to borrowers.

To bad for people living on interest. == possibly meaning no income for them: unless things change rather quickly.. !!!

7 posted on 07/12/2009 3:18:42 PM PDT by Countyline (God loves you ... He wants you to love Him back; to learn of Him and obey His commands.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SoConPubbie

Never mind, I should read before I post.


8 posted on 07/12/2009 3:18:44 PM PDT by SoConPubbie
[ Post Reply | Private Reply | To 6 | View Replies]

To: Maelstorm

It isn’t so much a matter of giving private business incentives as a matter of NOT scaring the hell out of private business with disincentives. As soon as a business grows to more than a handful of employees, it is faced with a bewiderning and ever increasing number of fees, forms, and filing requirements. Outstretched hands appear from everywhere, and the business is soon hiring people just for compliance. Believe me, I know.

Many of the new Obama initiatives or even non-legislated pronouncements would scare the hell out of me if I were still in business. Health care complexities, hiring “fairness” requirements, the push for card check... everywhere you look, there are disincentives. There are laws and “action groups” whose sole purpose seems to be to hammer down any economic nail that sticks up. Take for example the Ricci case. Even though he won, eventually, it also shows that no one knows what is required in the name of fairness, but it iw clear that it is going to always be potentially expensive whenever the question is raised.

Obama is not only spreading the wealth around; he’s continuing in the grand olde Clinton tradition of corrupting the judiciary so no one knows what the rules are.


9 posted on 07/12/2009 3:27:22 PM PDT by Pearls Before Swine (Is /sarc really necessary?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm

“Cantor also said that the economic crisis is providing an opportunity for “the Republican Party to demonstrate that it can and will lead again.”

But they will need someone with a just little bit more charisma to do it...sorry, Eric, but unless you get one hell of an image makeover, you are NOT the one...focus on being the Newt style mover and stay behind the scenes...


10 posted on 07/12/2009 3:30:54 PM PDT by jessduntno ("There's no limit to what a man can do or where he can go if he doesn't mind who gets the credit.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm
He suggested that the GOP alternative provided more incentives for businesses to hire people, such as giving businesses a tax break.

This is the same technique used by the Michiganders to convince Government Motors to open their new "green" car factory there. Probably just a coincidence.

11 posted on 07/12/2009 3:31:55 PM PDT by FlingWingFlyer (Hey America! How's that "hope and change" thing working out?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maelstorm

The more the “stimulus” doesn’t work, the more money the psychotic libs will throw at the problem in order to “prove” that it will work. The question is, who will sink first, Obama and the libs, or the country? I’m betting on the former.


12 posted on 07/12/2009 3:34:55 PM PDT by Signalman
[ Post Reply | Private Reply | To 1 | View Replies]

To: ABQHispConservative

Well, they only seem to notice that they are Republicans when they are not in power. Why did they spend like Dems when they were in control? I’m not buying their born-again conservatism. Most pols are crooks.

“These men (in government), in point of fact, are seldom if ever moved by anything rationally describable as public spirit; there is actually no more public spirit among them than among so many burglars or street-walkers.”
~ H.L. Mencken


13 posted on 07/12/2009 4:03:55 PM PDT by Pining_4_TX
[ Post Reply | Private Reply | To 2 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson