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By Joe Kimball | Published Thu, Feb 19 2009 1:05 pm
Justifying his vote in Congress against the stimulus plan, 7th District Rep. Collin Peterson told business people in Marshall this week that the package carries an expectation of an unrealistic short-term fix for the economy, according to the Marshall Independent.
Still, he said he hopes it works.
Quotes in the story from Peterson:
"I pray I'm wrong. I hope I will be proved wrong."
"I think we are in a much bigger hole than people admit."
"Infrastructure funding amounts to only about $60 billion of a $775 billion package. That's a big part of my opposition."
"A lot of money will go to states, helping to balance their budgets. Which is fine, but I don't think that will create jobs. It might save jobs, but it will mostly allow states to balance their budgets."
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