Bankruptcy Attorneys Share Eric Cantor’s Reactions to President Obama’s State of the Union Address

President Barrack Obama’s State of the Union address caused as much furor in political circles as the SOPA and PIPA protests. Bankruptcy attorneys, in particular, were intrigued to know what Eric Cantor, the House Majority Leader, had to say about the address. Cantor appeared on Morning Joe to share his thoughts.

Eric Cantor Lambasts President’s Unsuccessful Economic Policies 

Bankruptcy attorneys tuned in to the show to catch Cantor’s comments and they found themselves agreeing on many points. Cantor, it seemed, has lost all confidence in Obama being able to revive the economy and steer the country towards growth after the President’s much-publicized economic policies failed to reap positive results. In fact, Cantor made it known that he considered these policies and fiscal reforms to be the primary causes behind the American economy going on a downhill slide. He however, had ideas and suggestions for the President – concentrate on the private sector and help small businesses flourish. 

An Ideologue

Bankruptcy attorneys nodded in approval to Cantor’s remarks though some did not; after all, they know as much about the real state of affairs in the economy as anyone in the corridors of power. But anyone who knows anything knows that Obama is an ideologue and only cares about solidifying his own power base rather than giving power back to the people and the states. 

Overall: A Terrible Speech

Eric Cantor however, was also supportive of some of President Obama’s visions and plans, as noted from his reactions during the address. He clapped when Obama announced, “… No side issues. No drama” when expressing concern over the fact that people on an average lose $40 out of $100 in terms of revenue earned. A brief smile played upon his lips when the President declared his intention of passing the payroll tax cut soon which will only defund Social Security even more. 

Let’s hope that Eric Cantor has more reasons to be happy over the upcoming economic policies. The nation is waiting for November of 2012 either way.