"A candidate who goes out and makes all these promises about what he's going to do in all areas of our society needs to be removed from consideration," DeMint said to applause from the audience.
"It's pretty clear this President is not going to lead," DeMint explained to his audience. "We've got to replace this President."
Americans are "on our knees in front of China for credit," DeMint told the mostly conservative attendees feasting on fried rice and fortune cookies at Tony Chang's restaurant in the Chinatown section of D.C. "We're on our knees in front of OPEC nations" for energy, DeMint said.
The man known as the most conservative member of the Senate told the audience that conservatives cannot be stuck picking the "least worst Republican" as their nominee to run against Obama.
He also endorsed a constitutional amendment to balance the budget and endorsed alternative ways for states to wean themselves off the federal budget
"The best hope we have right now is what you see Rick Scott doing in Florida" as well as "folks saying we're going to get out of Medicare" and "folks developing alternative currencies -- the federal government doesn't like that," DeMint.
DeMint also said he's been working on energy legislation to allow for more domestic energy production with Sen. David Vitter (R-La.) and said he was glad to have Sen. Rand Paul (R-KY) by his side in the upper chamber of Congress.
America's problems can be fixed with a "liberation solution," DeMint said, endorsing the elimination of the Department of Education.
"What we need in a Presidential candidate, a Senate candidate, a congressional candidate, are people who are out there selling freedom, selling liberation solutions," DeMint said.