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Posted at 11:00 AM ET, 04/18/2012

Boehner: Obama ‘checked out’ last Labor Day

House Speaker John A. Boehner (R-Ohio) says he is not optimistic that Congress will make much progress on economic matters or much of anything else before Election Day, and blames President Obama for focusing too much on his reelection.

Speaking Wednesday on “CBS This Morning,” Boehner said Obama “checked out last Labor Day. All he’s done is campaign full time for the last six months. He’s not been engaged in the legislative process at all. There have been no effort at trying to work with Democrats and Republicans to address this issue at all. And it’s, it’s shameful.”

Boehner spoke with CBS on the same day he formally endorsed Mitt Romney’s presidential campaign and said he is convinced the contest will be a referendum on Obama’s economic policies.

“They’ve made matters worse,” Boehner said of the president and congressional Democrats. “America should be doing a lot better today. But when you look at his calls for higher taxes, his refusal to deal with the debt, the regulatory regime here in Washington out of control — they’ve scared every businessperson and investor in America. That’s why you see record amounts of cash in these businesses, in banks, because they don’t know what tomorrow’s going to look like.”

Also Wednesday morning, House Majority Leader Eric Cantor (R-Va.) made the morning cable news rounds, speaking with CNBC, Bloomberg TV and Fox News Channel about his new small business tax cut plan.

Cantor also was asked about whether Congress will be able to complete any meaningful work before the elections and he told CNBC’s “Squawk Box” that Congress should attempt to replicate the success of the recent passage of the bipartisan JOBS Act.

“Although it wasn’t the be all that end all, it certainly is a huge step forward to help entrepreneurs and inventors try to access capital to launch their businesses. ... We want to go right to the point of job generation, which is small businesses in this country that have for too long been penalized by Washington and not been back in the game.”

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