July 12th, 2009
04:12 PM ET
5 years ago

McCain: Obama was wrong on stimulus either then or now

Sen. McCain said Sunday that his former rival can't have it both ways when it comes to the new administration's $787 billion stimulus package.
Sen. McCain said Sunday that his former rival can't have it both ways when it comes to the new administration's $787 billion stimulus package.

(CNN) - President Barack Obama can't have it both ways on his economic stimulus package, the man he defeated in last year's election said Sunday.

Sen. John McCain, R-Arizona, told the NBC program "Meet the Press" that Obama either got it wrong when he predicted the benefits of his $787 billion economic stimulus package in February, or he's wrong now in saying the stimulus is working as intended.

"He's either not leveling now or he wasn't leveling at the time they passed the stimulus package," McCain said.

He cited predictions by Obama earlier this year that the spending plan would hold unemployment to 8.5 percent or less, noting the figure is now at 9.5 percent and likely to continue rising.

McCain also complained that the stimulus plan has failed to deliver the job creation Obama pledged.

"What they promised us would be the result of the stimulus in the short-term has turned out not to be true," he said.

On the same program, Democratic Sen. Charles Schumer of New York responded it was too soon to pronounce judgment on the stimulus plan.

"This is not a four-month plan - this is a two-year plan," Schumer said, noting that many Republicans also misread the situation earlier in the year because they opposed any stimulus package.

"It was very hard to read the economy. It was a whole new world," Schumer said of the economic crisis that started in the second half of 2008.

He praised Obama's "long-range perspective" on the economy, saying the measures in place will work as more of the stimulus money is allocated for projects around the country.

"I'm beginning to see in the last month … a lot of construction going on that I didn't see three months ago," Schumer said.

soundoff (302 Responses)
  1. Obama 08/12

    McCain needs to shut up and give it time. I think he proved what kind of judgement he has by picking Palin...what a joke.

    July 12, 2009 10:17 am at 10:17 am |
  2. GI Joe

    I don't agree.

    President Obama kept his word. The money has been sent to some states as set out in his long-range plan. The states didn't create jobs. They used money to fill in their financial holes.

    Write to your STATE representatives and ask THEM what they did with the money sent to create jobs. It's THEIR money now, and THEIR responsibility. YOU pay THEM – hold the STATE OFFICIALS ACCOUNTABLE.

    July 12, 2009 10:22 am at 10:22 am |
  3. you where wrong too

    Well John McCain, I would NOT piont the finger on who was wrong about what. You where dead wrong about picking Pailin last year. Dead wrong. So if I where you I be quiet, because your judgement is not a good one. It was selfish for you to pick her, and she is to selfih to be a public servant. So , please Mr. McCain shut up.

    July 12, 2009 10:23 am at 10:23 am |
  4. GI Joe

    If your State isn't creating jobs with the money they received, hold THEM accountable.

    Feds cannot and should not control State Governments.

    Contact your Local and State Representatives – don't just come on here and spread more hate. No one needs hate.

    July 12, 2009 10:25 am at 10:25 am |
  5. ib

    Obama said this bill needed to pass immediately; the effects from it would be felt in a very short time. Now he is saying it will take years for it take effect. With all the spending he is doing all we are seeing from it is higher unemployment rates and yet to come is out of controll inflation. Obama is pathetic!!!

    July 12, 2009 10:25 am at 10:25 am |
  6. Mark Sanford, Gov of SC (when I feel like showing up)

    Seriously, are we supposed to trust in the judgment of someone who selected Sarah Palin as a running mate? Seriously?

    July 12, 2009 10:27 am at 10:27 am |
  7. AndyB

    For eight years the Republicans were at the helm (The Whitehouse) which created this mess to begin with. And don't say stop blaming Bush because facts are facts. Obama has had it for 6 months so keep your critcism to yourself John McCon you old coot. You should resign like many of the other old feeble minded fools in Congress. America needs new blood in Washington whose brain cells haven't deterioated from old age or quite possibly STD's.

    July 12, 2009 10:30 am at 10:30 am |
  8. b

    Why are all the lefties so scared of Palin? Is it becasue she represents the average american or is it becasue she actually may have some morals.

    July 12, 2009 10:31 am at 10:31 am |
  9. Paul - MO

    I agree with "Obama 08/12"! He unleashed a camera hungry angry, whinning freak on America. His choice of Palin was the reason I didn't go to the polls for the first time in 20 years. McCain, you need to keep quiet on all fronts and watch the freak show of your runnning mate destroy everything I have valued as a Republican!

    July 12, 2009 10:31 am at 10:31 am |
  10. Tony from Michigan

    McCain seems to not remember that the GOP neither offered a credable counter option or for that fact any solution to the current financial problem other then the same old trickle down joke that hasn't worked. Also, the GOP didn't support the plan passed by the Dems at all. Now the GOP wants the economy to turn around in just 4 months after 8 years they ran the government . This is why the GOP is a dying party.

    July 12, 2009 10:33 am at 10:33 am |
  11. Jose

    This from a man that had no plan for the economy. I guess if you don't have a plan, the only thing you can do is bash someone that does. McCain and republicans – it takes time! We didn't get into this mess overnight and we're not going to get out of it overnight. Too many greedy people caught with their hands in the cookie jar that all they can do is complain.

    July 12, 2009 10:34 am at 10:34 am |
  12. Sarah Failin

    I'm surprised McCain even makes news anymore. Sarah Palin. Enough said.

    July 12, 2009 10:34 am at 10:34 am |
  13. chubby

    What part of obamas statements do you lame brained liberal bed wetters not understand. The stimulus would create jobs immediately and unemployment would not go over 8 percent if they did pass the stimulus but would hit 9 percent and with the passed stimulus unemployment has hit 9.5 or better and heading for 10+ percent. obama has taken over car companies dictating private salaries, taken over banks dictated salaries and the list goes on and on. Now obama wants to take over health care, do cap and trade(cap and tax)for every American. You laugh and try to discredit Governor Palin but the biggest joke and least qualified person in government currently sits in the White House. He has quadupled the spending and our national debt but still you sing his praise. At least his numbers are falling as they should. Highest unemployment since jimmy carter and will continue to rise. CHANGE YOU CAN BELIEVE IN AND YES WE CAN. What a joke.

    July 12, 2009 10:38 am at 10:38 am |
  14. Brandon

    This has nothing to do with McCain (Biden himself admitted that the spendulus isn't working and that they misjudged the state of the economy). Keynesian economics (taking money from your citizens so the government can inefficiently redistribute that same money right back to the same citizens) has been discredited over and over again – the last time it was tried on a large scale, in the 1930s, it actually extended the Great Depression. It's beyond wishful thinking to believe that the government, which creates no value of its own, can someone conjure up real economic growth by spending money it doesn't have. It's a completely ridiculous shell game dreamed up by leftist economists, whose real agenda is not economic growth but rather the redistribution of wealth.

    July 12, 2009 10:38 am at 10:38 am |
  15. Realistic Democrat

    It was a waste of money. The deficit was bad enough under Bush and Obama is making it multiple times worse. Our children will have to pay for this stuff. Obama is failing my expectations (and I voted for him). NO 2nd STIMULUS!!!

    July 12, 2009 10:38 am at 10:38 am |
  16. Jane

    If the Republicans have any thing to say it should be stop warming your beds with mistress, stop telling lies and most of all shut Sarah Palin up. I am tired of her in the news saying that she did this for Alaska. Well if that is the case then how are the Alaskans going to pay for the Arena that don't belong to Alaska Palin? You need to reimburse the state for the lumber and plumbing that you got for free and kick back when you built your house. The more she talks the more we learn about the crooked deals and lies she told.

    Also Mark Stanfor is not far behind. He needs to step down because he is not planning on going back to his wife but to his mistress when is turn is over. I say impeach him so he can go to his mistress.

    July 12, 2009 10:39 am at 10:39 am |
  17. JIM WHITTAKER, Hemet, CA

    Who's gonna wind up having to pay for all this when we're all on
    welfare and food stamps because of the massive spending and
    the crushing debt created by same?

    Just take a good look at the mess California is in because of it.
    Their IOUs aren't even worth anything. That's where we all heading.

    "The problem with Socialism is eventually you run out of other
    people's money." - Margaret Thatcher

    July 12, 2009 10:41 am at 10:41 am |
  18. Mark

    Again another Republican with complaints and no new ideas. GOP ideas have eroded America the last 30 years. Voodoo economics, trickle down economy and other GOP ideas has destroyed America's infrastructure and in the process eroded America's middle class.

    If we keep following the GOP policies we'll not only have a 2 party system, we'll have a 2 system class. The rich and the poor.

    July 12, 2009 10:42 am at 10:42 am |
  19. Ruddie

    It truly amazes me that people are complaining about the the stimulas not working and it's only been 6 months. I guess they really think the Prez. can undo something that took years to get us hear.... I lost my job 5 months ago and I surely can't blame the Prez. for that because it was coming down the tubes 2 years ago but hey let's continue to think that it's only take a new Prez. to undo this mess that took years.

    Mr. President I didn't vote for you but I do have patience and faith that things will get better under your watch. Just keep your head up!!!! We do not need McCain knee jerk reactionary talking you down. He really needs to force on the dimwit that he choose as VP. She is definitely the nuttiest gov. that I have seen in my lifetime.

    July 12, 2009 10:43 am at 10:43 am |
  20. Paul H

    Yes Obama was wrong, and Bush was wrong with his as well. Both parties used the economy as a way to gain more money for their agendas. I think the economy was going to swing back around without government help.

    July 12, 2009 10:44 am at 10:44 am |
  21. Debra from Georgia

    Shut up old man, who are you to sit and judge President Obama. Remember people went to the poll in November to vote for Mr. Obama because they felt he had the right judgement and you did not which was evident when you picked Sarah 'Quitter" Palin as your running mate. So stop judging President Obama for not fixing eight years of mess within six months. Again Shut up.

    July 12, 2009 10:47 am at 10:47 am |
  22. Texas

    well, people "looking" for progress from stimulus money should come to Texas ! its bustling with jobs, activities, building, construction, even a new section of River Walk in San Antonio with ALL the trimmings ! sorry about other states and wondering where Texas fot so much money from all of a sudden ...are job fairs all over the place in texas ! seems every time someone loses job here, 10 more open up ! being a Texan myself, I DO wonder about all this !

    July 12, 2009 10:47 am at 10:47 am |
  23. p. taylor

    I have a question that I really need an answer too. Where was Mr. McCain and the rest of these republicans who are out there criticizing what the president is trying to get done for this country now.when the country was going downhill? You keep sying he got it wrong with the stimulus package, but didnt your administration get it wrong too. You were the one at the helm for the last eight years and this is the mess that you left. What this country need now is all of our leaders working together to get this great country of our back on track. You are gaining absolutely nothing at all with your constant picking. You are starting to sound like a sore loser.

    July 12, 2009 10:47 am at 10:47 am |
  24. Ben

    Tony from Michigan – And your answer is to compound a big mistake by making a bigger one? By spending more money we don't have? You Obamabots need to get a clue.

    July 12, 2009 10:47 am at 10:47 am |
  25. Carl

    @ b – yes that's exactly what we are scared up she represents the Average american whom has the worst values as an Average American. People are far from being scared of Palin and please stop with the nonsense. She is nut case at best – cute but nutty as Heck!

    BTW – My little finger has more values than Palin can ever imagine and I'm not faking to be something I'm not!!!!!

    July 12, 2009 10:48 am at 10:48 am |
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