Cantor: Stimulus Isn't Working
House Minority Whip Eric Cantor (R-Va.) said the economic stimulus plan is not working and that some of the remaining money should be spent on assistance to small businesses.
"The first attempt at a stimulus bill did not stimulate the economy -- I think we all can agree on that now," Cantor said this morning on a conference call with reporters. "I will be requesting a meeting with the president to perhaps go about redirecting some of the monies in the first go-around that haven't worked."
Cantor's comments come on the heels of stimulus discussions on the Sunday talk shows.
House Majority Leader Steny Hoyer (Md.), appearing alongside Minority Leader John Boehner (Ohio) on "Fox News Sunday," called the stimulus "essential," despite the fact that he doesn't "think anybody can honestly say we're satisfied with the results so far."
On ABC's "This Week," Vice President Biden said the administration may have been too optimistic regarding the economy. However, regarding the stimulus package, Biden said, "We believe it is the right package given the circumstances we're in."
Cantor disagrees. "We heard the vice president on the Sunday talk shows indicate that he felt the administration misread the economy," he said. "There wasn't any misreading. It is my belief they didn't misread the economy -- they miswrote the stimulus bill and got the prescription wrong."
Cantor argued that the key was to provide access to more capital for small businesses, as did Boehner. "The way to help the economy grow is to help small businesses and American families keep more of what they earn because at the end of the day they're the ones who can get the economy going again," Boehner said.



