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. PhillyNERus

    McCain restating the obvious. The Democrats; version of Palin (all glimmer, no substance) is now the President. We need 2012 to get rid of this empty suit.

    July 12, 2009 01:59 pm at 1:59 pm |
  2. Obama for World Peace

    Romans. just like the Romans –the republican party will go if they do not change their hate spewing and backwards policies and beliefs.

    These people are very devoid of any logic or intelligence it seems.

    it will take years for any stimulus to "work"..

    What was the Republicans strategy if Mcsame won ? more tax breaks for the wealthy and new spending on military ? Communism fails and so does pure and unchecked capitalism.

    July 12, 2009 02:00 pm at 2:00 pm |
  3. micala

    To go back and judge is not going to solve anything. President Obama is just trying to help this country get back on its feet. Anything that is being done right now as far as stimulus plans or "Government help" Is all just a guess game... No one can be 100% sure that anything is going to pull us out of the whole that "WE" as a country dug ourselves into. Any person here pointing the blame, think about it weither it was McCain or Obama that was elected it was going to be and still is a hard task ahead. McCain has no right to sit and judge because I seariously doubt he would be doing any better... Instead of pointing fingers maybe the 2 of them should put there ideas together and figure it out.

    July 12, 2009 02:01 pm at 2:01 pm |
  4. John McCain

    Sorry everyone, my alzheimers is is causing me to make these irrational statements.

    July 12, 2009 02:01 pm at 2:01 pm |
  5. Cheri

    So... President Obama is supposed to fix in 6 months what took 8 years for President Bush and the republicans to destroy.

    July 12, 2009 02:03 pm at 2:03 pm |
  6. Henry

    Time for Old Man McCain to head for the retirement home, while Obama cleans up after the elephants.

    July 12, 2009 02:03 pm at 2:03 pm |
  7. JP

    What was the mad rush for getting the bill passed, before even having a thorough analysis of the whole issue?
    To highlight on the 100 day achievement scoreboard? Likewise, goes the closing of Gitmo and many other half notch efforts yielding no clear outcome at all.

    July 12, 2009 02:04 pm at 2:04 pm |
  8. FactCheck

    This is the same John McCain who "temporarily suspended" his campaign do that he could go to Capitol Hill and push TARP 1 through, right? Just wanted to make sure I had it right.

    July 12, 2009 02:04 pm at 2:04 pm |
  9. Buddy Gilmour

    Another poster said: "As Peter Schiff said, Bush headed us for a cliff, and Obama stepped on the gas." Thats not true – in fact the economy was in a complete free-fall a good six months before Obama took office. Obama's job is to minimize the damage and set us on a road to recovery, and he is doing that. Had the GOP remained in power the meltdown would have simply been another business opportunity for Goldman Sachs, Halliburton, and the rest of the GOPs stakeholders.

    July 12, 2009 02:04 pm at 2:04 pm |
  10. Tom

    Sore Loser, sitting on the sidelines whining! ( :

    July 12, 2009 02:07 pm at 2:07 pm |
  11. diana

    off course not Scott M. Obama has done nothing wrong about the economy. Because this is already happening when he entered the office.
    Maybe if Bush did not abuse his executive powers and vetoed EVERYTHING that the democrat proposes. Maybe they could had stopped some disaster waiting to happen. We remember very much that it was Mcain who postponed his campaign and can't wait to go to Washington to signed the stimulus packaged that Bush proposed.

    July 12, 2009 02:08 pm at 2:08 pm |
  12. stevetall

    So, let me get this straight...

    It took the Republicans 8 years to screw the pooch so thoroughly, and now that President Obama hasn't unscrewed it to John McCain's satisfaction in the first 6 months of his term, he being critical?

    Time to put the old guy out on the ice flow with Sarah Palin, I guess. He's totally lost his ability for rational thought. Adios, Senor McCain. Thanks for all your service.

    July 12, 2009 02:09 pm at 2:09 pm |
  13. Mike b

    The stimulus saved many jobs, without the stimulus unemployment probably will be twenty percent. It's going to take awhile to fix eight years of disaster.

    July 12, 2009 02:09 pm at 2:09 pm |
  14. Mary

    If Obama was doing his job, we wouldn't still be hearing from McCain and Palin. I don't feel Obama and Congress's exteme spending spree is what I voted for at all.

    Independents and Republicans need to come out of the wood work and help our country. Obama has no money sense....too bad I didn't know that in 2008.

    July 12, 2009 02:10 pm at 2:10 pm |
  15. Buddy Gilmour

    Another poster wrote of Obama: "His goal of redistributing wealth was bought hook line and sinker by the populous." Come on, admit it now, you're just sore that the guys who redistributed wealth to you lost, and the new crew is redistributing it back to the folks who lost during the 8 years of Bush!

    July 12, 2009 02:11 pm at 2:11 pm |
  16. Donna from Colorado Springs

    Republicans love to complain,especially ones like McCain, but they keep forgetting that the stimulus needs time to work. The rest of the money needs to be released ASAP to get things rolling. Imagine how bad things would be if McCain were the president! Critics think things are so bad now.....just consider where we'd be if the other side had won! They love to gripe about how lousy a job the President is doing, yet they offer no other alternatives!

    July 12, 2009 02:11 pm at 2:11 pm |
  17. James Farley

    The stimlus package is filled with wastefull and social spending with over 9,000 pork projects. There is no planned focus on priority infrastructure projects but rather a lot of special interest projects designed to pay back Obama supporters. It is the worst case waste of tax payer money.

    July 12, 2009 02:11 pm at 2:11 pm |
  18. truthsayer

    CNN, Republican enablers and apologists. Who else in the party of NO is John King going to give an open mike to?

    July 12, 2009 02:12 pm at 2:12 pm |
  19. Roberth

    Obama has done nothing but lie to the american people. He will raise our taxes, there's still lobbyist in Washington, still pork in the stimulus packages. He is the same old same old! Also when the far left talk about Palin I would like them to know Pelosi is no winner either!!!1

    July 12, 2009 02:12 pm at 2:12 pm |
  20. Victoria

    When did John McCain study up on the economy? McCain can't have it both ways...he professed to know little about the economy but now we are supposed to listen to his opinion?

    July 12, 2009 02:12 pm at 2:12 pm |
  21. Byrd

    July 12th, 2009 11:35 am ET

    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
    ###########################################################
    ok...electon is over...stop using words like ACORN,HANGS WITH TERRORIST,SOCIALIST...........NOW THEN....does any intelegent person really think that the recession is over right after the stimulus plan or even in a few months????those that complain about it only do it for their own republican agenda ...we the people dont pay you to complain about it...we pay you to do something about it...Obama is trying at least....it is wayyyyy to soon to pass judgement

    July 12, 2009 02:12 pm at 2:12 pm |
  22. Dean

    Wasn't it McCain who said (twice) during the campaign that "the fundamentals of the economy are strong"? Wasn't it Phil Gramm (McCain's economic advisor) who said (in July 2008) that this is a 'Mental Recession' and that we have become a 'Nation of whiners'? Wasn't it McCain who 'rushed' back to the capitol during the campaign to assist with the crisis? Fact is, almost all politicians were wrong about the economy at some point. Question is – who is trying to make things better, and who is just using it as a political opportunity? (hint: for that last question "nobody, and everybody" is a very good answer).

    July 12, 2009 02:12 pm at 2:12 pm |
  23. cm

    The Non constructive criticism party =GOP does not have a better solution as far as I know, the only solution for them is the trickle down economy that did not trickle down the 8 years with the Bush administration and never will. Other than criticizing, put the money where your words are Senator McCain

    July 12, 2009 02:13 pm at 2:13 pm |
  24. cjack23

    Obama is just horrible.....What a huge waste of my hard earned money!!!!

    July 12, 2009 02:13 pm at 2:13 pm |
  25. Trevor

    Blame bush for the shortcomings of this country as of late. You would have done much worse McBush.

    July 12, 2009 02:13 pm at 2:13 pm |
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