03/16/2009 05:12 am ET Updated May 25, 2011

Judd Gregg Voting Against Stimulus

The AP reports that New Hampshire Sen. Judd Gregg, a day after withdrawing his nomination to be President Obama's Commerce Secretary, will oppose the stimulus package.

Gregg said Friday the package contains a great deal of money that isn't well spent. He said he can support a robust stimulus package that focuses more on shoring up the real estate market and keeping people in their homes. He said it also should have focused more aggressively on small business tax breaks.

Gregg said the amount of money isn't the issue. Rather, he said it is the underlying policy.

One of the reasons Gregg removed himself from contention was the uproar over his decision to recuse himself from the stimulus vote. At the time he said he was "not really engaged in the stimulus bill," but that he did believe "we need one."

"I think the one that's pending is in the range we need," Gregg told CNBC then. "I do believe it's a good idea to do it at two levels, which this bill basically does, which is immediate stimulus and long-term initiatives which actually improve our competitiveness and our productivity."