July 12, 2009
Posted: July 12th, 2009 04:12 PM ET
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.
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Filed under: Charles Schumer • Economy • John McCain • Popular Posts • President Obama • economic stimulus


May 13, 2009
Posted: May 13th, 2009 12:30 PM ET

From

WASHINGTON (CNN) - A new study suggested Wednesday that over 25 percent of ballots from voters living overseas, mostly members of the military, were not counted in the 2008 election.

"It is unacceptable that bureaucratic snafus could prevent our troops from exercising the very rights they are fighting to protect," Sen. Charles Schumer said in a statement.

The study, unveiled at a Wednesday hearing, surveyed election offices in the seven states with the highest number of troops serving overseas. According to the study, 98,633 of the 441,000 ballots sent to those military personnel and other eligible voters living abroad were never sent back to the election offices and declared "lost" and 13,504 were rejected for a missing signature or a failure to notarize.

"This data provides only a snapshot of the problem, but it is enough to show that the balloting process for service members is clearly in need of an overhaul," said Schumer. "We have an obligation to make it easier, not harder, for our military to cast their ballots when they are away on active-duty."

He said that troops are not given enough time to complete and send back their ballots, and urged the Pentagon to revamp the office that handles military voting.

Filed under: Charles Schumer


December 10, 2008
Posted: December 10th, 2008 03:55 PM ET

From
Schumer wants Fitzgerald to stay on.
Schumer wants Fitzgerald to stay on.

WASHINGTON (CNN) - In the midst of a corruption investigation concerning Illinois Gov. Rod Blagojevich, the incoming Obama administration is being urged to keep veteran U.S. Attorney Patrick Fitzgerald on the job.

Those doing the urging include Sen. Charles Schumer, D-New York, who sits on the Judiciary Committee. Fitzgerald's office is heading the politically sensitive probe which is likely to continue for months.

"The U.S. Attorney for Chicago has a deserved reputation of being totally non-political and totally on the merits and a tough and strong prosecutor, and I think leaving it in his hands is exactly the right way to go. And I think all... that President-elect Obama and his incoming administration have to say is
just that - we are going to leave it in Fitzgerald's hands because we have faith in him," Schumer told reporters Wednesday after he met with Attorney General Nominee Eric Holder.

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Filed under: Charles Schumer


July 13, 2008
Posted: July 13th, 2008 04:13 PM ET

From
Sen. Charles Schumer said the OTS 'ought to stop pointing false fingers of blame.'
Sen. Charles Schumer said the OTS 'ought to stop pointing false fingers of blame.'

NEW YORK (CNN) – Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 911" by suggesting he had a role in one of the costliest U.S. bank failures.

Federal regulators with the Office of Thrift Supervision were "asleep at the switch" when it came to IndyMac's "reckless" behavior, the New York Democrat complained.

The OTS announced Friday that it was taking over the $32 billion IndyMac and transferring control to the Federal Deposit Insurance Corporation.

The OTS pointed the finger directly at Schumer for the failure, accusing him of sparking a bank run by releasing a letter that "expressed concerns about IndyMac's viability."

"In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts," the OTS said in a statement announcing the California-based lender's takeover on Friday.

The statement included a quote from OTS Director John Reich saying, "Although this institution was already in distress, I am troubled by any interference in the regulatory process."

Schumer, a member of the Senate Banking Committee, chairman of Congress' Joint Economic Committee and the third-ranking Democrat in the Senate, rejected any suggestions of responsibility for IndyMac's collapse.

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Filed under: Charles Schumer



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