Tags: cantor | obama | bain | investment

Cantor: Obama’s Attacks on Bain Will Dampen Business Investment

Wednesday, 23 May 2012 11:59 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Regardless of what impact the Obama campaign’s criticism of Bain Capital has on the presidential election, it may discourage business investment, says House Majority Leader Eric Cantor, R-Va.

"I’m thinking about when we were talking with the president about politics and wanting to provide an incentive for entrepreneurs and investors to put capital at risk, because that’s what’s hurting right now,” Cantor said on CNBC, reports The Hill.

“We don’t have enough people with confidence to put capital at risk right now. We don’t have people who are willing to seek a loan from a bank and take that risk, because they hear the hostility coming from the White House."

President Barack Obama simply doesn’t understand American capitalism, Cantor said. "My experience with the president has demonstrated he either has no appreciation for our free market economy or is just intent on maligning those who have been too successful in his mind."

With the attack on Bain, Obama is pushing the idea that the government should choose the economy’s winners and losers, Cantor said. "I don't think it's for the president to decide, as long as there is legal activity, which profit is good and which profit is not,” he said.

“If it's illegal behavior, we ought to stamp it out. But if there is legal behavior, the White House or anyone in Washington shouldn't be determining who should have a profit and who shouldn't."

A capitalist economy creates winners and losers naturally, Cantor says. "That's business, and that's free markets, where there is always the likelihood of failure as well as success. That's the fundamental discussion here, whether you're going to accept the fact that America does value people who want to go take a risk."



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Poll: Majority Prefer Troops Protect Border Than Fight Ebola

Friday, 19 Sep 2014 13:55 PM

A majority of Americans, or 55 percent, think the U.S. military is overstretched but believe deploying troops to stop il . . .

Big Labor Millionaires Lead 'Income Equality' Convention

Friday, 19 Sep 2014 11:11 AM

Several of America's wealthiest union bosses spoke at the 2014 Ohio AFL-CIO convention in Cincinnati this week. The even . . .

Pew Poll: Liberals Choose Tolerance Over Faith

Friday, 19 Sep 2014 10:27 AM

Liberals are more likely to teach their children values about tolerance compared to conservatives, who prioritize religi . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved