Wait on stimulus package, says former White House budget chief

September 5, 2008

The economy is a key issue in the presidential election, but Congress should hold off on a second economic stimulus package for now, a top supporter of Senator John McCain said Thursday.

“In states like Ohio, I think that jobs and the economy is the first issue and will be right through the election,” said Rob Portman, formerly a Republican congressman from Ohio, White House Budget Director and U.S. Trade Representative.

“One of the concerns I’ve had is that we continue to deepen our deficit for this year and therefore our debt over time by having another stimulus package before we even have the final checks going out under this stimulus package and see what some of the economic feedback is. I think it’s better to take our time, do the right thing and be sure we are addressing the key problems that we might see pop up this fall,” Portman said in an interview with Reuters.

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