Senate Minority Leader Mitch McConnell declared Saturday that President Barack Obama’s legislative agenda is “over,” but said GOP lawmakers are willing to work with the White House to do what they “think is right for America.”

In a speech Saturday night to a GOP crowd in his hometown, the Kentucky Republican derided Obama for performing “Clintonian back flips” to portray himself as a moderate, but said it’s yet to be seen whether the new tone is “rhetoric or reality.”

McConnell, who in the past has touted his ability to bring federal spending to Kentucky, took a hard line on cutting federal spending. He said the Democratic president’s credentials on spending and debt “are horrible, and he earned it.”

But McConnell said that congressional Republicans – who took control of the House and increased their numbers in the Senate following last year’s election – are “prepared to do business” with Obama.

“And to the extent that the president wants to do what we think is right for America, we won’t say ‘no’ simply because there’s an election coming along,” said McConnell.

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