Sen. John Cornyn (R-Texas) on Thursday suggested President Obama is stifling private industry and expressed his wish to limit the president to a single term in the White House.

"He needs to take his boot off of the neck of the private sector,"said Cornyn as reported by The Highlander. "He thinks more government is the answer. I would like to see him limited to one term in office."

Cornyn, who is the chairman of the National Republican Senatorial Committee, also predicted Obama would struggle to boost the economy in time for the 2012 election.

The junior senator from Texas was speaking at the Rotary Club in Marble Falls, Texas.