Daniels Says Federal Rescue Plan "Beat Doing Nothing"

by Rick Howlett on October 6, 2008

Indiana Governor Mitch Daniels says he believes the federal goverment made the best of a bad situation by attempting to rescue the nation’s financial sector with the $700 billion package approved by Congress last week.

Daniels, who led the White House Office of Management and Budget during President
Bush’s first term, says it will take some time for the plan to be effective.

Meanwhile, he says state governments will continue to struggle.

“In our four years we’ve never had great revenue growth, it’s been pretty modest, but you’ve got to have some, and so, yes, if it goes on like this, it will at least require the stretch out of some of the objectives i hope we can agree upon as Hoosiers,” Daniels said.

Daniels is seeking a second term as governor. The Republican faces opposition from Democrat Jill Long Thompson and Libertarian Andy Horning in next month’s general election.

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