Gov. Sanford opposes bailouts, praises Obama

Gov. Mark Sanford said Wednesday he will do everything he can to fight another round of bailouts, though he acknowledged he can’t do much.

The new chairman of the Republican Governors Association praised president-elect Barack Obama on Wednesday for meeting with the nation’s governors so soon after his historic win.

But Sanford said he told Obama that another federal economic stimulus package would worsen the economy, not help it.

Sanford has repeatedly criticized federal bailout plans for business and government.

Obama met with governors Tuesday and pledged to quickly roll out an economic plan to solve the economic crisis, including money for state infrastructure projects.

Sanford said Republican governors are split on the idea, with two-thirds agreeing with him.