Governor of Virginia Bob McDonnell has recalled Thomas Jefferson while delivering the Republican’s response to the President’s State of the Union address. He was indirectly criticizing the Obama’s efforts to tackle the economic situation by praising Jefferson’s liberal economic policies. “It was Thomas Jefferson, who called for ‘A wise and frugal government which shall leave men free to regulate their own pursuits of industry …. and shall not take from the mouth of labor the bread it has earned.’ He was right. Today, the federal government is simply trying to do too much” he said.
Bob McDonnell is against the growing government regulation in the financial sector. He feels that the government’s decision to impose taxes and regulations on private sector will stall entrepreneurship which kill jobs and hurt the middle class. At the same time he doesn’t back federal spending for creating jobs. He said that last year “we were told that massive new federal spending would create more jobs ‘immediately’ and hold unemployment below 8%” but instead more than 3 million Americans lost their jobs.
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