02/27/2009 05:12 am ET Updated May 25, 2011

Key Democrat Slams Stimulus, Predicts More Bailouts

A key Democrat on Tuesday lambasted the economic stimulus bill that is headed to the House floor, claiming it was put together too quickly and won't help the economy in the short term.

Rep. Paul Kanjorski (D-Pa.), who chairs the Financial Services subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, said on C-SPAN that Democrats have "lost our way" and "shouldn't be pressed by silly deadlines" of getting the bill into law by the Presidents Day recess.

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