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. tedious898

    Well Obama supporters (I am one)....we are now being told the president we elected is worse than George Bush. I frankly don't believe it.

    The President's problem is he is looking out for middle americans and this goes directly against the Republican's plans. So what prize does our POTUS get for that?....criticism, insults, and constant complaining from these sex crazed, ego maniacs, political losers called the GOP.

    I wouldn't have them in power to pick up my garbage.

    Let's stay the course and have some patience.

    July 12, 2009 11:13 am at 11:13 am |
  2. Ignorant black loser for Obama

    Dem repubs dey be wrong Obama is great he da man – let's make him king!!!!!

    July 12, 2009 11:15 am at 11:15 am |
  3. lynn in NM

    Seems to me that Obama is just a politician. He shouldn't be required to tell the truth. That's a definite no no for any political job. Say what you think will get you reelected and ignore the people who vote for you (unless you need more money, of course).

    July 12, 2009 11:17 am at 11:17 am |
  4. Avi Shlomo

    McCain shut up.. you think it is wrong because you are not in charge. The whole thing was initiated by GWB. DO not blame Obama for your partys mistakes. McCain you have been wrong about so mnay things and you had a free ride because you were a war prisoner and NOT a HERO.

    July 12, 2009 11:17 am at 11:17 am |
  5. Phil

    The acceleration of paper securities debt by the US Federal government will greatly depreciate the value of the the paper currency that ordinary US citizens use. It's just a matter of time until hyperinflation will impoverish hundreds of millions of US citizens.

    The US government is following short-term gain for impending loss on a staggering scale.

    July 12, 2009 11:17 am at 11:17 am |
  6. Joan

    If the stimulus plan had not been enacted, a depression would most likely have been the result. The Republicans wanted to continue "trickle down" economics and everyone knows how that worked. Mr. McCain suspended his campaign to go to Washington to cure the economic crisis and we know how well he did on that. Be realistic. Less than six months is not enough time to fairly evaluate this policy. Everyone should find out how much their own states were given, how much has been used and how it has been used. If the states are slow using the money given to them, how can you blame the federal governmen for that ? It's remarkable how the former government that got everyone in this mess over eight years is so quick to criticize a new government who is sincerely doing things that will obviously work over the next while. Do they think if they wish hard enough for the country to fail that it will?

    July 12, 2009 11:23 am at 11:23 am |
  7. Lola

    OK...way to much media with McCain...he is not our president for a reason...people didn't want him in there cause he knew nothing about our economy. Still doesn't. Just talks to hear himself talk. What do these people want? President Obama has only been in office for 6 months...people need to give things a chance to work...republicans should quit working against him...Party of NO...they are just afraid his policies will work...so they continue to go against President Obama. They didn't get the message in November what the people want, did they? Change doesn't happen over night. I believe that the media also plays a big part in what happens in our country...they can either stay possitive or they can continue to keep the people stirred up on issues. I wish they would quit giving so much attention to people who like to stir things up and move on possitive events,

    July 12, 2009 11:23 am at 11:23 am |
  8. Sharon - NC

    Come on people. Use your heads. What is Obama supposed to do? Wave a magic wand or wiggle his nose and the economy is fixed after eight years of absolute greed. These things take time. You can't restructure and bring up to date the major industries of an entire country and turn around an economy in 120 days. Americans in general need to get over their need for immediate gratification.

    July 12, 2009 11:25 am at 11:25 am |
  9. Nate

    The stimulus was never intended to fix all of our problems in 6 months. Stop it Media, with the inflation of crap

    July 12, 2009 11:30 am at 11:30 am |
  10. Dean

    Thank you Mr. "The Economy is Strong" McCain. Pot calling the Kettle black, perhaps?

    July 12, 2009 11:35 am at 11:35 am |
  11. Ancient Texan

    The stimulus is a horrible joke. Obama insisted it be passed quickly, without reading it. He didn't know what was in it and didn't care, it was just payback to ACORN, Unions, and special interests, like Moveon.Org. The primary concern was control, not the economy. And no, Bush wasn't innocent on the economy, but everything went to pot after the Pelosi/Reid takeover of the legislative branches in 2006. The economy was in great shape before that.

    July 12, 2009 11:35 am at 11:35 am |
  12. truthsayer

    LMAO!!! McCain is giving advice on the economy and a member of the party of NO and we are supposed to listen. LMAO!!!!!

    July 12, 2009 11:38 am at 11:38 am |
  13. Belle2

    The media elected Obama and now they protect him from his own actions and statements. Even now they must write negative articles about McCain-WHY. Note that this article says that McCain complained-an objective article would not have used that negative term. Note that the articles never use such negative terms when discussing Obama's statements.

    July 12, 2009 11:40 am at 11:40 am |
  14. Vern

    Who the heck cares what McSame thinks. He is becoming just like Palin.....SILLY!!!

    July 12, 2009 11:43 am at 11:43 am |
  15. skeeve

    Ignorant republicans and their selective use of data strike again. What I remember from Obama is that the employment will be in double digits (in fact he was saying about 11.5%)by the end of this year. 8.5% is the unemployment rate that was used in stress tests. Oh well, the dude who doesn't even remember how many houses he owns cannot possible remember such details. Seriously though, from what I see lately republicans suffer from that very common disease – attention span of a gold fish.

    July 12, 2009 11:47 am at 11:47 am |
  16. steve

    So where are McCain's ideas? He can talk a lot of crap, yet he offers no viable solutions.

    July 12, 2009 11:49 am at 11:49 am |
  17. Veritas

    The thing is that sooner or later the truth comes out. When you run the dirtiest election ever and consequently owe many people who "helped" you (Acorn et al) and basically lie about most of the stances you now hold that you never voted for when you did vote instead of voting present for expediency's sake and make promises you have no intention of keeping and espouses dangerously naive views of the economy and foreign affairs. When your view of social justice is so horribly myopic and self-serving. BTW, those of you who scoff at the mention of Obama's questionable citizenship, can you even admit to yourself that it's a bit strange that rather than making the situation go away and addressing the issue, Obama has spent millions of dollars trying to not have to address the issue. If he has it , all he has to do is show it. This issue will not go away – sooner or later the truth will come out. Also, before you label my statements I am a life-long Dem and voted for Obama because I am opposed to virtually every substantive stance that Pallin supported and couldn't take that chance. But unlike most of the Obama cultists I approach situations on merit. I seek the truth even if it doesn't jibe with what I believe initially. Obama is sinking in the polls as more and more people are becoming aware of how inherently dishonest and self-serving he is. It's just going to get worse. At the end of the day, he can't hide his incompetence and poor judgment. SOONER OR LATER IT ALL COMES CRASHING DOWN

    July 12, 2009 11:50 am at 11:50 am |
  18. Bill

    Omg I'm a liberal, omg Obama is the saviour, omg Obama does all things right.... Liberals are idiots.

    July 12, 2009 11:52 am at 11:52 am |
  19. Marc

    Chubby – Did you twist facts that way everyday? And did you talk about people who doesn't share the same points of view of yourself with such a high and mighty 'I-am-so-better-than-them' tone?
    I know it's BIG list, but if you check all the previous stories about President Obama (the link is right under the story above) you will find that he did warn us that 'things would get worst before they got better', which by the way was the MOST OBVIOUS THING THAT HE COULD HAVE SAID!!!!
    Ancient Texan – Actually, and to be fair with Bush and Clinton, the economy only seemed to be good. It was a bubble like the 'dot.com' bubble of the Clinton years, remember? The last Nobel Prize in Economy had already predicted, back in 1998 or 1999, that the subprimes were TOXIC and all the 'prosperity' linked to them would disappear sooner or later (it took nearly ten years but he was right) and then he explained it why and guess what? Very few of his points were wrong! You might act like Boehner, who claims that he has saw no trace of effectiveness of the Stimulus Bill when all he have to do is take a walk in his district and talk with the local Police force (for example) to realize that he is wrong, but do not think that 'the fundaments of the economy were strong back then. it was an illusion.

    July 12, 2009 11:54 am at 11:54 am |
  20. gary davis Harbor Oregon

    it took more than eight years to screw the county into hole
    so maybe if McCain will get off his high horse and help . our country will get better and jobs will return . it is going to take a long time so he needs to stop being negative and become productive and help Obama move us forward .. if John can't help then he should shut up

    July 12, 2009 12:02 pm at 12:02 pm |
  21. girlymen love the GOP

    I read today that its working in China just fine.It will work here too,but the republicans know it will be the final nail in their coffin when it does.

    July 12, 2009 12:03 pm at 12:03 pm |
  22. Sniffit

    If obama has to defend it, and is spending tons of time and money doing so, it means it didn't work.

    July 12, 2009 12:03 pm at 12:03 pm |
  23. joe

    Schumer...we are from New York – we dont do construction projects in march and april...it is still winter or it is raining all the time! Of course there are more projects during summer months, there always are, because the weather allows for more work to be done, it isn't snowing or raining anymore.

    July 12, 2009 12:10 pm at 12:10 pm |
  24. jim

    distrust much of what mccain says.

    I mean, come on ... he actually thought sarah palin was a good idea for a running mate.

    July 12, 2009 12:12 pm at 12:12 pm |
  25. Mary

    Obama is so busy spending my tax payer money and giving preferential treatment to his favorite businesses, GM, and my taxpayer money in bonuses to AIG exec's.....oh, not to mention the wasteful spending on 32 czars, at a whooping salary of $160,00 each. What we have in Washington is Chicago style politics.....there's nothing democratic about the wasteful spending of MY money! Obama and Congress think they are the elites, who can get by with corruption at it's finest! I supported Obama in 2008, but it's clear he has absolutely no common sense regarding the taxpayers money. I'm ready to vote for someone with money sense in the 2012 election....republicans or independents...you're sure to have my vote.

    July 12, 2009 12:15 pm at 12:15 pm |
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