Cantor: Mr. President, What About Fannie and Freddie?
April 21, 2010
Contact: Doug Heye, Megan Whittemore

House Republican Whip Eric Cantor (R-VA)
Remarks At GOP Press Stakeout
April 21, 2010

“America is at a crossroads, and the people across this country realize that decisions being made by this majority in Congress, as well as the Administration, are taking us down a path to an America that we don’t recognize.

“The transformational change that this majority and Administration have been about has manifested itself in the stimulus bill, the health care bill, the proposed cap-and-trade bill, and now what we see is yet another bill, the regulation reform bill.

“What all of these bills have in common is this notion that somehow we need to expand Washington’s reach and at the same time engage in rhetoric and discussion that aims to tear down the wage creators trying to help the wage earners – and it just doesn’t make sense.

“The President is going to Wall Street tomorrow and I know all of us are going to be listening to hear if he’s actually going to try and address problems rather than affect an ideological agenda of transformational change.

“I personally want to hear the President speak about doing something about Fannie and Freddie and the systemic risk that they cause. We’ve heard nothing about it and all of us know they’ve had a lot to do with why we’re in the shape that we’re in from an economic standpoint in the first place.

“I would say to the President, instead of engaging in hyperbole about Wall Street and the typical populist rhetoric that we’ve been about, let’s start trying to focus on the problems and fix them.”

Watch the video HERE.