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Fact Checking House
Majority Leader Eric Cantor

See below for a fact check in response to Leader Cantor’s speech to the Hoover Institute this afternoon at Stanford University:
CANTOR  RHETORIC: “We’ve got to shift from having a government that smothers new jobs and business growth to one that nurtures an environment for getting people back to work and back to what Americans do best: innovate, compete and lead.” [Cantor Remarks To the Hoover Institution, 3/21/11]

REALITY: OBAMA’S POLICIES HAVE CREATED MILLIONS OF JOBS AND PRIVATE SECTOR EMPLOYERS HAVE ADDED 1.5 MILLION JOBS IN THE LAST 12 MONTHS

Ø  Private Employers Added 1.5 Million Jobs In The Last 12 Months And The Unemployment Rate Dropped .9% Points Over The Last Three Months, The Largest Such Decline Since 1983. [White House Council Of Economic Advisers Blog, 3/4/11]


Ø  CBO Said The Recovery Act Increased The Number Of People Employed By Up To 3.6 Million. [ABC News, 11/24/10]

Ø  USA Today: “President Obama’s Proposed Fiscal 2012 Budget Is Potentially a Massive Job-Creation Engine.” [USA Today,2/15/11]

REALITY: PRESIDENT OBAMA HAS CUT TAXES ON SMALL BUSINESSES 17 TIMES

Ø  Obama Has Signed 17 Small Business Tax Cuts Into Law.  [White House Blog, 2/25/11]

CANTOR  RHETORIC: Eric Cantor attacked TARP, saying the economy “became worse after the near collapse of our financial markets in fall of 2008. The subsequent passage of the Troubled Asset Relief Program (TARP) and other bailout programs left people asking: ‘What happened to the idea that if you worked hard, and played by rules, you got ahead?’” [Cantor Remarks To the Hoover Institution, 3/21/11]

REALITY: CANTOR VOTED IN FAVOR OF TARP

Ø  Cantor Voted Yea On The House TARP Vote (HR 1424, Vote 681, 10/3/08, Passed 263-171):

REALITY: TARP HELPED BRING THE U.S. FINANCIAL SECTOR BACK FROM THE BRINK

Ø  WSJ: TARP Efforts “Appear To Have Helped Stabilize The Financial Sector” [Wall Street Journal, 12/7/09]

Ø  WSJ: “Buoyed By A Resurgent Wall Street” The Obama Administration Plans To Cut The Long-Term Projected Cost of TARP by $200 Billion. [Wall Street Journal, 12/7/09]





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Majority Leader Eric Cantor "

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