"Look, we know we screwed up when we were in the majority. We fell in love with power. We spent way too much money - especially on earmarks. There was too much corruption when we ran this place. We were guilty. And that's why we lost"

This quote by Eric Cantor is a reflection on the mistakes made by the Republican party when they were in the bulk. He acknowledges that they became too focused on power and cash, and that this caused corruption. This corruption was a significant factor in their loss of the majority. He is likewise confessing that the Republican celebration was guilty of these errors, and that this is why they lost. This quote reveals that Cantor is willing to take duty for the mistakes of the Republican party, and that he understands the consequences of their actions. It is a sign of humility and self-awareness, and it is a reminder that power should not be abused.