Word: cantores
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...Eric Cantor, the No. 2 House Republican, hopes to change all that. In an effort to counter the criticism that the party doesn't stand for anything but opposing President Obama, Cantor has reconvened the working group that came up with the GOP's alternative to the White House's stimulus plan. That wasn't exactly a big success - the proposal was widely panned for relying too heavily on tax cuts - but Cantor is convinced that taking the long view is the path to success: health care and global warming may be the topics du jour, but "the narrative next...
...Thus far they have identified four key areas in which they believe their opponents are vulnerable: the ongoing credit crunch in the commercial real estate market, the looming costs of unemployment tax increases on states and businesses, the massive budget deficits and what Cantor calls an uncertain environment that Obama's ambitious agenda on health care, financial reform and climate change is creating for the business community. Cantor admits the group has yet to come up with any solutions, but they are meeting over the next few months to hear from experts and to hammer out concrete proposals. The method...
...other hand, very little of the Contract with America ever made it into law. And Cantor's four issues are hardly the sweeping small-government manifesto that the Contract with America embodied. The Virginia Representative is starting small, searching out building blocks on which all Republicans - moderate and conservative - can agree. For example, Cantor notes that state unemployment burdens are expected to double from $30 billion in 2009 to more than $60 billion in 2012, resulting in what he says will be a doubling of business taxes from $250 to $500 per worker per year by 2012. "Eric's correct...
...Cantor surely knows this, which is why he's still busy working at overhauling the GOP's Party of No image. When asked if House Republicans will be unified in their opposition to the health-care bill, he instead focuses on all the areas in which Republicans and Democrats agree, such as emphasizing preventive medicine, electronic records, medical-liability reform and helping those with pre-existing conditions get coverage. It's a striking change of tone from a similar interview with TIME shortly before the stimulus vote, when the minority whip was cocky in his boast of unified opposition. Still...
...also higher for new IPOs. "Back in the '90s, people were able to go out with just a business plan, raise money in an IPO and then spin the company off to somebody without ever even renting office space," says Marc Pado, U.S. market strategist at Cantor Fitzgerald. Those quick-buck days are long gone as venture capitalists and others are now prepared to hang on to an investment for up to eight years...