Exclusive: Eric Cantor Doesn't Question August 2 Debt Ceiling Deadline

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"We're trying to change that. We're trying to make it so that people can actually grow their business. Working people and the middle class can get back to work and have some optimism," he added. "You look at the administration and you look at the Senate. They have been unwilling to embrace our pro-growth strategy and agenda. We're trying to bring them along."

Cantor Predicts Obama Will Be Defeated in 2012; Republicans Will Retain House

Nearly two years ago, when he was the House Minority Whip, Cantor made a bold prediction to ABC News that was seen as preposterous in the months after the Democratic victories in 2008.

"I really believe we've got a shot at taking back this House because you see what's gone on here with the unfettered ability of this administration and Nancy Pelosi to run this Congress," Cantor told ABC News on June 10, 2009. "The American people see that this agenda is way far out of the mainstream. They want a check and a balance on this power. And I think at the end of the day that's what rules come November 2010."

Fast-forward two years: Cantor is the House Majority Leader, and is once again making a big prediction about an election 18 months away.

"I believe that President Obama will be defeated in November of 2012," Cantor told ABC News in an exclusive interview for the Subway Series with Jonathan Karl. "The American people are witnessing a president who may make good speeches, but doesn't deliver, and right now the issue is jobs and the economy and from every small business person that I speak to, they're complaining about Washington standing in the way."

Pressed whether he's taking the field of Republicans over Obama or if he has a particular candidate in mind, Cantor said that the bigger question is "what kind of country are we going to be?"

"All of the Republicans in the field understand that we have serious challenges before us. We've got to get the fiscal house straight here in Washington. It's time for us to stop kicking the can down the road and the presidential candidates in the Republican field have all embraced the thought that we've got to be bold and address these problems so that we can continue to return to growth in the his country," Cantor said. "That is in stark contrast to the record of this administration and frankly, if you look, there are no plans by this administration to get the fiscal house in order."

Last week, House Minority Leader Nancy Pelosi told ABC News in an exclusive interview that Democrats "have a very good chance of winning the House" in 2012.

Cantor dismissed Pelosi's own confident forecast, and also downplayed the results of a special election in New York's 26th congressional district last month where Democrat Kathy Hochul defeated Republican Jane Corwin in a traditionally ruby-red district.

"I'm sure Speaker Pelosi -- former Speaker Pelosi -- would like to be speaker again. I do not think that she will be able to do that," Cantor predicted. "The Democrats haven't even put forward a credible plan to get the fiscal house in order much less trying to grow this economy, and what the American people want to see is they want to see growth again."

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