Cantor mocks Obama, states his larger government, taxes ‘built to come in last’
House Majority Leader Eric Cantor (R-Va.) took on President Obama’s “built to last” economic theme on Friday, saying the larger government and higher taxes the president envisioned would instead create an economy “built to come in last.”
Cantor used a speech at Washington and Lee University to unleash a broad critique of the president’s State of the Union address and his election-year economic agenda.
“Free, flourishing economies are not ‘built to last,’ least of all by government technocrats, bureaucrats and autocrats,” Cantor told an enthusiastic audience at the annual Mock Convention in his home say of Virginia. “Exceptional economies are ‘built to grow’ and that growth is generated by the intersection of personal responsibility and personal freedom. Prosperous, dynamic, job-producing, innovative economies are free markets, regulated by government controls on lawless behavior but not strangled by governments bent on setting industrial policies and forcing market place mandates.”
The No. 2 House Republican criticized several of the metaphors Obama frequently uses to describe the economy, including his likening it to a “car” that was driven into a ditch by Republican policies. Cantor stated it was wrong to think of an economy as “a machine which can be built and re-engineered” by government.
“A successful economy does not grow from a machine-like construction by government,” he said. “It grows from the somewhat chaotic but wonderfully inventive and creative networking and interactions of people – sellers and buyers in a free market.”
“If an economy were ‘built to last,’” he added, “we’d still be relying on candles for illumination, relying on horses for transportation and relying on quill pens for written communication. That’s not an economy built to last. That’s one built to come in last.”
Cantor touted a 20 percent small business tax cut that House Republicans are proposing as part of their jobs agenda.
And he expanded on a theme he has pressed in speeches across the country, that government should help ensure that all Americans have a “fair shot” and opportunity at success but should not ensure that outcome. Cantor noted that Obama had “co-opted” Republican rhetoric on the economy but stated that “the president’s concept of a ‘fair shot’ and mine differ.”
With both the White House and congressional Republicans shifting into campaign mode, Cantor’s speech contained fewer of the nods to bipartisanship that peppered his speeches in the fall, when Republicans were trying to project a softer image after a series of divisive spending fights.
“We must ensure that those who abuse the rules are punished,” he said. “We must ensure that the solution to wealth disparity is wealth mobility. We must give everyone the chance to move up the ladder. That means punishing unlawfulness, but not punishing success.”
source : thehill.com
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Submited at Friday, February 10th, 2012 at 10:00 pm on Politics by sofia
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