Eric Cantor: Obama's Latest Stimulus Is Another Play From the Same Failed Keynesian Playbook
House GOP Whip Eric Cantor is coming out against President Obama’s $50 billion infrastructure plan by labeling it more “stimulus” spending.
“Today the president will use the Labor Day holiday as the launching pad for yet another government stimulus effort, another play called from the same failed Keynesian playbook,” Cantor said in a statement released before Obama announced his plan in Milwaukee. “More government stimulus does nothing to end this cloud of uncertainty.”
The White House has pushed back against the notion that the proposal to rebuild roads, rails and runways amounts to a second stimulus plan. White House press secretary Robert Gibbs said last week that a stimulus plan wasn’t being considered, and on Friday, Obama called his forthcoming plan a “broader package.”
Cantor said Obama’s plan is the White House’s “latest” stimulus effort.