Senator Corker On Fox News Sunday

By Kleinheider Posted on March 15, 2009 at 4:18 pm

The junior Senator advises the administration concentrate on the credit issues before discussing a second stimulus:

Still, the major issue in our country is credit, and it’s very difficult for me to believe that we’re even considering talking about another so-called stimulus package when, in fact, we still have not dealt seriously with the credit issue. That is absolutely incredible to me.

I read today where the Germans agree with us 100 percent. It’s still the credit issue. And this administration, while they still are listening to Barney Frank and listening to Goolsbee, they’re still campaigning. They’re still running against President Bush.

The fact is they still have not laid out a coherent way of dealing with this credit crisis, and that is page one. That’s what our focus needs to be.

Small businesses around this country are still having great difficulty getting credit. And until we solve that, piling government spending on top of that is not going to solve it.

So the next critical step is looking at these stress tests. And when you talk about taking medicine, we can either do a soft stress test and certainly we’ll be waiting till mid-April to find out whether it’s soft or whether it’s hard.

But I’m thinking it needs to be a difficult stress test so that the public knows where these institutions are, so they know whether they’re sound or not. And I think that is a very important thing.

So I hope that Tim Geithner will come back. Let’s get focused on solving this credit issue, and let’s move this stimulus issue to the side, way to the side, until we deal with this.

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Tags: Bob Corker, credit issue, Fox News Sunday, stimulus