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. Ken in Gainesville

    McCain is pathetic. He expects the President to fix decades of runaway greed and big business entitlement in 4 months. That's one thing that is wrong with Republicans, among many others. They want instant gratification. No vision, no purpose, no hard work, just immediate indulgence. They know nothing about the 4th Amendment to the Constitution (although fixated on the 2nd). And wasn't this brilliant man that chose Caribou Barbie to be second in command - talk about an inability to make rational judgements, and mistaking the dysfunctional for competency. He should retire from public view and go sit on a rock in Sedona.

    July 12, 2009 01:11 pm at 1:11 pm |
  2. Ann

    Mccain is not the President... and he never will be.

    July 12, 2009 01:11 pm at 1:11 pm |
  3. KH

    Hey CNN!! Can you find any word to use other then "SLAM" to try and beef up your headlines? I'm really getting tired of seeing everybody SLAMming everybody else. Come on, use a thesaurus or something.

    July 12, 2009 01:11 pm at 1:11 pm |
  4. Willis, Texas

    These "bad new bears" republicans have not given the stimulus plan time to work fully. It is working - state governments have money to pay the police , fireman, teachers, etc. New jobs have been created in renovating schools, building roads, etc.

    The job loss rate has slowed somewhat and as I recall the President indicated that we would not see immediate relief - but more long-term! The country was COLLAPSING under the Republicans - worse than the great depression! Republicans had eight years to destroy the economy and now they think President Obama can restore it in eight days! GOD created the universe in six days and rested on the seventh? Do the republicans think the President is GOD?!

    July 12, 2009 01:11 pm at 1:11 pm |
  5. Carolyn of RC

    Mr. McCain, two things – Mr. Obama can't fix an economy in a few short months that the previous (Republican) administration took 8 years screwing up and number two – someone who picked Sarah Palin as a running mate does not have the display the skill of discernment.

    July 12, 2009 01:13 pm at 1:13 pm |
  6. John G

    To all the people who say "it will take time. give it time"

    Obama said we HAD to pass this in February so we could save or create 4 million jobs by June.

    We lost 5 million jobs by June despite the fact that we passed the Spending bill when we HAD to do it.

    Now he is saying it's working, but we need another stimulus anyway because he misjudged the severity of the situation.

    I don't care if he is the messiah or whatever, he can't have it both ways.

    July 12, 2009 01:13 pm at 1:13 pm |
  7. david

    not an obama fan but mccain shut up. shut your pie hole. when you were campaigning you had nothing to offer to fix the economy. you have nothing to offer now but criticism. anybody out there, that has a pulpit and the public's ear, that has solutions then speak out else shut the blazes up. anyone, everyone, can criticize. the nation needs solutions.

    July 12, 2009 01:13 pm at 1:13 pm |
  8. jeff

    I guess the people that voted for this President will not admit that he is not doing what he said he would do. He continues to thow out as many things as he can in an effort to confuse the people like most of these posters. The reason we report on Sen. McCain is because he is a Sen. just like reporting on that idiot Pelosi who cares what she has to say but its always there. Get with the facts and that is that the Dems passed a bill ALONE and it does not work but hey keep blaming Bush for the 9.5 unemployment or the 15 % in Detroit. News flash its Obama wanting to be the CEO of the car dealerships not BUSH.

    July 12, 2009 01:15 pm at 1:15 pm |
  9. Mickey/Texas

    What about the 700 Billion "Bush" authorized in October '08 McCain? Republicans and their, "selective" memories!

    July 12, 2009 01:16 pm at 1:16 pm |
  10. Fredric Meyer

    CNN is demonstrating a left bias. I watched MEET THE PRESS this morning and "slam" is an exaggeration. Report the news please with objectivity.

    July 12, 2009 01:18 pm at 1:18 pm |
  11. Fred

    CNN is demonstrating a left bias. I watched MEET THE PRESS this morning and "slam" is an exaggeration. Report the news please with objectivity.

    July 12, 2009 01:19 pm at 1:19 pm |
  12. chicagotates

    Hey Audrey, Below.. R u an idiot???
    Why don't we only here the positive side of things on Obama and his administration on CNN????
    News is suppose to be open minded.
    If you want one sided news go to fox news and you will get it.
    Now go back to your hole!

    July 12, 2009 01:19 pm at 1:19 pm |
  13. Denise

    What part of the 2 YEAR PLAN doesn't the Republican party get?

    Can't you do or say anything constructive instead of spewing hate and negativity?

    Where are your ideas?

    We're 4 months into a 2 year plan and it's already showing up in real estate sales where I live. I'm encouraged, as are the many millions of rational thinking Americans who elected this brilliant President.

    Get the banks lending – due to the lack of regulation by YES your party of NO, rethugs, we can't get the market wheels turning when the people can't get a loan with even the best of credit.

    I say THANK YOU MR. PRESIDENT FOR STAYING THE COURSE AND KEEPING STEADY YOUR PRINCIPLES AND YOUR LONG RANGE, FORWARD THINKING PLAN.

    July 12, 2009 01:19 pm at 1:19 pm |
  14. tee

    No one famous
    How could you say the President got it wrong, when all of the money hasn't been allocated yet?............thats not logical thinking on your part..its only been about four months since the bill was signed.........Lets give it time to work before we criticize...........I see why the repugs support Palin........Birds of a feather......

    July 12, 2009 01:19 pm at 1:19 pm |
  15. Randy

    So many of us out here are unemployed, yet all of the politicans and all of the morons posting comments here are still doing nothing but pointing fingers and cheering their own "teams". How annoying you all are! This country is done for, I'm afraid.

    July 12, 2009 01:20 pm at 1:20 pm |
  16. Fred Garvin

    Hey McCain,
    you lost. Get over it.

    July 12, 2009 01:21 pm at 1:21 pm |
  17. Ann

    McCain needs to go sit down and be quiet....... tell Palin to be quiet too.

    July 12, 2009 01:22 pm at 1:22 pm |
  18. The Party of NO stood calmly by for 8 year while the shrub raped and pillaged America, so, why would we listen to you now?

    Memo to McCrypt:

    Date: 01/20/2009

    We showed you in November the majority of America does not give a rip what YOU or your party thinks.

    That is why YOU LOST!

    July 12, 2009 01:22 pm at 1:22 pm |
  19. Laker

    The comments on here are the usual pathetic Obama worshipers. When you all wake up and see how terrible socialism really is, it will be too late.

    July 12, 2009 01:23 pm at 1:23 pm |
  20. Proud American

    Has anyone ever told McCain that he was an old (Bitter), washed up has been, he makes horrible mistakes that could cost this country (Palin), and no one really cares what he has to say. McCain it time to retire to one of your 8 homes, go to bed.

    July 12, 2009 01:23 pm at 1:23 pm |
  21. John McCain

    David Gregory agreed.

    July 12, 2009 01:23 pm at 1:23 pm |
  22. Roger

    Working?? That is the biggest joke ever. Obama can distort the truth better than any politician ever. This stimulus was never more than just a big payoff to Obama donors but the worst part is unions and more government programs do not create jobs or turn around the economy. Obama is a joke.

    July 12, 2009 01:23 pm at 1:23 pm |
  23. Jena, NV

    McCain who? Oh, that one!
    Please tell McCain he does not count. McCain suspended his campaign to head to Washington to solve Bush's economic crises and ended up reamining mute during discussion meetings. McCain, you know nothing about economics. Zip it!

    July 12, 2009 01:24 pm at 1:24 pm |
  24. Patrick, Lake Stevens, Washington

    I have to say I agree with the Sen. from Arizona, whose state by the way is suffering from double digit unemployment. The stimulus has yet to produce the results the Obama Administration predicted and people are beginning to get frustrated. Job loss continues as unemployment percentages continue to rise. Until this package begins to turn the corner with respect to bolstering the economy as stated, the only thing the American people can say to the stimulus is that it helped to increase our mounting deficit.

    July 12, 2009 01:24 pm at 1:24 pm |
  25. Pat in IL

    Why in the world would anybody listen to anything this man has to say? He was very instrumental in creating the economic mess we're in, and his opinions are not at all valid......especially since he cannot seem to offer up any solutions, instead of simply bashing the current administration.

    July 12, 2009 01:26 pm at 1:26 pm |
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