Cantor: Obama losing focus on economy

(TheHill).House Minority Whip Eric Cantor (R-Va.) seized on the opportunity to criticize the president Tuesday for over-reaching in his first 50 days on the job.

Following the GOP's weekly conference meeting, the second-ranking House Republican told reporters that President Obama should be focusing on the "economic crisis," as opposed to holding four-hour meetings on healthcare, as the president did last week. The efforts may be laudable, Cantor said, but the White House should be devoting all resources to fixing the economy and not to "impose these cap-and-trade schemes."

"At the end of the day, we are in an economic emergency. Economists are saying that there's a 30 percent likelihood that we're going to be in a depression," Cantor said. "My goodness, we do have an emergency, and we oughta say, look, priority No. 1 is to create jobs."