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January 28, 2009

GOP Senator: Obama White House Will Create 'Panic' To Push Stimulus

DeMint said some Republicans now regret they voted for the TARP package, even though there is no way to gauge what might have happened had it not been passed.

"I think there's a lot of buyer's remorse among Republicans who voted for the bailouts of all kinds last year," DeMint said. "And, it's hard to prove that, some of them are saying, 'It didn't work out so well, but it'd been a lot worse if we hadn't.' It's hard, it's hard to argue that unless you know anything about how business works."

"And then it's obvious that what we did was inject a whole lot of uncertainty into the marketplace," DeMint said. "So no, I don't think there's discord because of that, uh, and I really don't blame my colleagues. If you got the President and the Secretary of the Treasury coming in saying, 'The world economy is going to collapse next week if we don't do something.'"

[CNS News: Senator Warns White House Will 'Create Crisis' and 'Panic' to Push Stimulus]

Sen. Jim DeMint (R-SC), speaking Jan. 27 at The Heritage Foundation in Washington, D.C., explained the Obama administration will "create crisis and widespread panic" just like its predecessor in order to get Congress to act expeditiously.

"I've been around long enough to know whenever someone tells me I have to make a decision right now, my response is no," DeMint said. "That clears it up right away and I think more and more the Bush administration and now this administration knows that they're not going to get a quick reaction out of Congress unless they create crisis and widespread panic. And that's going to be their M.O. to get Congress to act."

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