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. Davis

    Can somebody please tell this clown that he lost in November? I'm very tired of hearing what he, and especially Palin have to say about everything. Please stop making this news.

    July 12, 2009 01:41 pm at 1:41 pm |
  2. Denise

    Ancient Texan – Your name is befitting. Your attitude is right in line with the party of NO IDEAS.

    Obama has done more in 5 months to help our country than any other Prez in history to include international relations, economy, environmental issues, health care reform and the list goes on.

    Get on your knees and thank God for someone smart enough to navigate through the sea of destruction left for him to handle. He INHERITED AN UNPRECEDENTED MESS AND NOBODY ELSE I've seen in politics for 50 years could do better.

    July 12, 2009 01:41 pm at 1:41 pm |
  3. Sister Pious

    We gave George W. Bush eight years to mess it up, let's at least give President Obama four years and make a judgment. Obviously, McCain doesn't know too much or he wouldn't have picked Sarah Palin as his VP running mate. Maybe he should offer suggestion rather than criticism but oh, remember, the fundamentals of the economy are strong in his mind. Wonder if he still feels that way?

    July 12, 2009 01:42 pm at 1:42 pm |
  4. Sniffit

    Virginia:

    then why hasnt it been spent!!!

    SPEND MY TAX MONEY NOW!!!!

    is the obama corporation that slow and inefficient? SPEND MY TAX MONEY NOW!!!

    wait i dont pay taxes....SEPND YOUR TAX MONEY NOW!!!!

    July 12, 2009 01:42 pm at 1:42 pm |
  5. FORMER republican, NEVER again!

    Bush destroyed and bankrupted this country and yet mccain tries to slam President Obama every chance he gets. Bitter much mccain? Do something constructive and investigate bush and cheyney for their multitudinous crimes against this country. BTW President Obama said he couldn't fix bush's mess overnight. It took 8 long disastrous years to get where we are.

    July 12, 2009 01:43 pm at 1:43 pm |
  6. Ed, Santa Fe, NM

    Anyone who selected Boob Palin as VP candidate obviously has nothing to say about Obama's performance as President.

    July 12, 2009 01:43 pm at 1:43 pm |
  7. PeterS

    John, John, John, the election is over...you lost.

    July 12, 2009 01:43 pm at 1:43 pm |
  8. Charlie32480

    This economy is going to take a long time to fix. What else would Mr. McCain propose- more tax cuts? This is going to take years to work through completely and hopefully this wont be a lost decade like the Japanese have had.

    July 12, 2009 01:43 pm at 1:43 pm |
  9. w.l. jones

    The president don"t hire people business does and they only do it when they determine the direction the economy headed. So sad but true.

    July 12, 2009 01:44 pm at 1:44 pm |
  10. Dave R

    Looks like another Republican pile-on...their herd mentality. Who ever heard of naming the winning team when only the first inning has been played?? ONLY 10% OF THE MONEY HAS BEEN SPENT. Rather than working as a team, the Republicans are doing every thing they can to sabotage the process. Even if Jesus Christ had developed he stimulus package, the Republicans would STILL be whining.

    July 12, 2009 01:44 pm at 1:44 pm |
  11. Party Purity will never bring Political Power!

    Yo' McCrypt!

    Your campaign advisors have admitted that missy was totally unqualified to be VP after working with her for 2 weeks. Lieberman your best bud said the same thing.

    Question: Why were you willing to put the lives of 300 million Americans in jeopardy should she become VP, AFTER you knew she was an ignorant, unqualified twit?

    Answer: "Country First" was just a meaningless campaign phrase.

    July 12, 2009 01:44 pm at 1:44 pm |
  12. George Washington

    isn't it amazing how weirdly ENVIOUS the media is of Palin? i think congress should do some ethics complaints of CNN. it is simply amazing how strangely envious they seem to be of Palin.

    July 12, 2009 01:45 pm at 1:45 pm |
  13. Who Moved My Cheese

    And this coming from the man, who said he does not know "jack" about economics. Priceless!!!!

    What I find utterly unbelievable is that some people do not realize the magnitude of the economic problems we are in, especially the duration (8 years or more) that it took us to get to this point. And that now they somehow feel Barack Obama can solve/clean up their mess in six short months. What gull!

    The republicans in office have lost the right to criticize anyone, especially since they are the main reason we are in the current state that we are in. They are the party of no solutions, no ideals and evidently no rational thought process.

    July 12, 2009 01:46 pm at 1:46 pm |
  14. Free mind

    When did the economy start to turn for the worst? When did the Dems take over congree? Coincidence?

    July 12, 2009 01:46 pm at 1:46 pm |
  15. tired of this

    This is what is wrong with our country. Every four years, one party comes to power and the other works tirelessly to do whatever they can do make the party in power fail. It is not a republican or a democrat issue, it is what our political system has become.

    Does anyone in their right mind think that the problems of our economy, some which have been in the works for decades, will just go away in four months?!?!? Take a course in economics for God sakes!

    July 12, 2009 01:46 pm at 1:46 pm |
  16. Larry from Apex, NC

    McCain CONTINUES to be a loser! How about posting POSITIVE news (and there is a lot of it) instead of this crap from losers-like McCain and Palin. It might be newsworthy if the RePIGlicans had something positive to offer, but all they can do is whine, say "NO!" (like petulant children), and come up with 0 solutions.

    July 12, 2009 01:46 pm at 1:46 pm |
  17. BDub

    You morons really think Obama is doing a good job? Unbelievable. Those who don't understand history tend to repeat it.

    Was McCain a good choice, NO. But he was the damage control option to keep the most liberal Senator out of the White House. I guarantee that McCain would have at least done something about pork barrel spending, aside from business as usual.

    Bush was far from perfect, too. If you value your freedom, Bush is a Saint compared to Obama. I said "if" because most of you drones don't appreciate that we are the best nation on earth. When Obama is done in 2011, we more than likely will not be, per his plan.

    The job of the federal governments is to do what is stated in the Constitution, nothing else!

    July 12, 2009 01:47 pm at 1:47 pm |
  18. David in KC

    Wow. I can not believe that after 5 ENTIRE MONTHS the stimulus plan has not stopped and turned in the other direction the republican induced economic free fall that only took 7 years to create. THAT seems like a perfectly reasonable argument. Well played, McCain–you truly are a great mind.

    July 12, 2009 01:47 pm at 1:47 pm |
  19. TracieG

    Obama and the democrats are all crying for more time. Why? Because the only thing that is going to save them is the natural upswing of the economic cycle, not the stimulus. They are betting that the natural upswing will happen in a time frame soon enough for them to take credit for it.

    Basically they are going to try to take credit for something that was going to happen naturally. This is a basic insult to everyone's intelligence. The sad thing is that there are a lot of people out there ignorant of basic economic theory to understand what is going on. Also, this shows that Obama and his buddies do not know a thing about how the economy works. Then again, he never really held down a real job anyway.

    July 12, 2009 01:48 pm at 1:48 pm |
  20. Susan (Michigan)

    "Gerald F. Canada July 12th, 2009 11:13 am ET

    My Question to you Americans:
    Why is your President STILL on the road campaigning? How many more countries is he going to visit before coming back home and actually doing the work he was elected to do? Sooner than later. All those IN Baskets on his desk are going to fall over on to the floor from avoidance."

    Gerald, he is on the road trying to bring other nations on board with weapon reduction, global warning treaties, and to fix an economy that is bad world wide. THAT is what he is supposed to do! Bush traveled little because he wanted America to be a little island, and world leaders did not like him for his trigger-ready approach to everything. It is refreshing to have a President who realizes that we are not isolationists. There is a bigger picture than Washington.

    And why do you care?

    July 12, 2009 01:48 pm at 1:48 pm |
  21. Richard

    McCain need to act like the loser that he is and get LOST!

    July 12, 2009 01:48 pm at 1:48 pm |
  22. B.H.

    What do you think McCain would have going if he was now in charge??

    Bomb ,Bomb, Bomb,Bomb Iran!! and Palin would have Quit by now because the media was not nice to her !

    July 12, 2009 01:48 pm at 1:48 pm |
  23. Marie

    BTW – didn't mcnasty say that he knew where bin laden was during a debate? I am not senile like he is so I know what I heard.
    Well mcnasty, do you know where he is? If so, how about telling the military so we can go get him!?!?!?
    Between you and that woman from AK you wonder why you lost the election? Liars all!

    July 12, 2009 01:48 pm at 1:48 pm |
  24. SandraWI

    Mccain seems to still be feeling the effects of his loss.

    July 12, 2009 01:48 pm at 1:48 pm |
  25. Russ

    I'm sorry, but what does anyone care about what this loser has to say. Him and Cheney should get together and cry on each others shoulder. McCain is a washed up angry old white guy.

    July 12, 2009 01:49 pm at 1:49 pm |
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