U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement regarding Senate passage of the stimulus bill:
“This bill is a colossal mistake. This is still mostly a spending bill, not a stimulus bill. Even worse, it borrows an unprecedented amount of money – $1.2 trillion – spent mostly on projects that don’t create jobs in the near term.
"We need a stimulus bill, but one that fixes housing first, lets taxpayers keep more of their own money, and spends borrowed money only on programs that create jobs quickly.”
Sen. Bob Corker said, “I am disappointed that we have chosen to spend nearly $1 trillion and still have not solved the issues that created this economic crisis — credit and housing.
“I agree with the American people that something needs to be done, and I would support legislation that gets credit flowing again, addresses our housing issues, and includes targeted infrastructure spending for tangible, permanent projects that will not be gone in a couple of years.
“While I am very disappointed this legislation passed and that future generations will be left to pay for this wasteful spending, I am still committed to working to approach the problem in the right way by putting in place a mechanism to get credit flowing again. Like all Americans, I’m anxious for us to solve this fundamental problem and for job growth to return, but when that occurs, it is my strong belief it will not be a result of the stimulus package passed today.”