McCain: 'No bill is better than this bill': The Swamp
The Swamp
Chicago Tribune

'Now serious negotiations have to take place,' the GOP's '08 nominee says.

Posted February 4, 2009 6:15 PM
The Swamp

by Mark Silva

"No bill is better than this bill,'' Sen. John McCain of Arizona says of the economic stimulus bill that President Barack Obama, his erstwhile campaign rival, is promoting.

That's not the sort of message that Obama wants gaining ground. "A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future,'' Obama said today, in an appearance at the White House. "Millions more jobs will be lost. More businesses will be shuttered. More dreams will be deferred.''

The now-$900-billion-plus stimulus bill, in the Senate's iteration, will only increase the federal budget deficit "by over a trillion dollars,'' McCain tells Katie Couric in an interview airing on the CBS Evening News this evening.

"It has so many programs in it that create no jobs whatsoever,'' McCain said. "And it has no provisions to put us on the path of a balanced budget, once our economy has recovered.''

The Republicans can make it work for "half the cost,'' he says, by focusing on payroll tax cuts and business cuts and spending on military construction and replacing equipment for the military.

McCain says he has spoken with Obama on the phone this - "and I appreciate his outreach, not only by me, but to others. Now serious negotiations have to take place.''

Here, courtesy of CBS News, is a transcript of Couric's interview with McCain:

MCCAIN: No bill is better than this bill, because it increases the deficit by over a trillion dollars. It has so many programs in it that create no jobs whatsoever. And it has no provisions to put us on the path of a balanced budget, once our economy has recovered.

COURIC: You say that you're very far apart, both sides. Are you talking about all the Republicans in the Senate--even some conservative Democrats who are uncomfortable with this package?

MCCAIN: Well, I know there are some Democrats who are uncomfortable. I know there are some quote "liberal" Republicans who lean more towards this package, and so it really is kind of a muddle here.

COURIC: But Senator McCain, hasn't President Obama tried to do just that, reach across the aisle, go up to Capitol Hill, invite Republicans to the White House to get this thorough. I know he's consulted you on several occasions hasn't he?

MCCAIN: Well, look I appreciate what the President has done, talking to House Republicans and Senate Republicans but there hasn't been the negotiations to start with. Second of all, it passed--they passed it through the House without consultation with the--Republicans and over here in the Senate, they have rejected all of the particular amendments that Republicans had proposed. So we need to walk the walk as well as talk the talk here.

COURIC: You're offering your own alternative, along with Democratic Senators. What is different about your proposal Senator McCain?

MCCAIN: Well, it's half the cost. It has to do with tax cuts like the payroll tax cuts and business tax cuts. It has money for military construction as well as replacing equipment for the military and it triggers a mechanism that would increase the gross domestic product by 2%. In other words, our economy recovers. We've got to put ourselves on a path to a balanced budget and eliminating the deficit that's mortgaging our children's futures.

COURIC: Have you talked to President Obama about your proposal?

MCCAIN: Yes, I have talked to President Obama on the phone and I appreciate his outreach, not only by me, but to others. Now serious negotiations have to take place.

COURIC: Was he receptive to your plan?

MCCAIN: Well, of course, he said that things would be considered. But Democrats here in the Senate are not receptive.

COURIC: President Obama claims that there are absolutely no earmarks in this bill. As someone who has been a champion against earmarks, do you agree with that assessment?

MCCAIN: Technically, yes, because the package came through without going through the normal process that it goes through. But the programs and proposals are clearly those characterized as earmark, that they the Democrats have never been able to get through. I don't know if money for smoking cessation creates a job--even though it's a worthy cause. And there's a myriad of programs, including that, that are not stimulative, nor are they job-creating.

COURIC: One of the items you criticized on the Senate floor today that has been in the stimulus package, the $2.9 billion for the weatherization assistance program. I actually asked President Obama about that yesterday. Let's listen to what he had to say.

OBAMA FROM YESTERDAY: We're going to weatherize homes. That immediately puts people back to work. As a consequence of weatherization, their energy bills go down, and we reduce our dependence on foreign oil. What would be a more effective stimulus package than that? I mean, you're getting a three for.

COURIC: What's your response to that?

MCCAIN: I think many, many worthy projects that are in this bill, but I do not believe that you can stimulate the economy and create jobs with programs like these. So, I have criticized these programs, which are there, and proposals which do not have an immediate effect on our economy to create jobs.

COURIC: Senator, John McCain, Senator so nice to see you again. Thank you so much for talking with us tonight.

MCCAIN: Thank you Katie


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Comments

The party of Hoover speaks.

Lots of economists that have no blame for the current cataclysm have said $1Tb is NOT BIG ENOUGH to bail out capitalism.

I love the logic the Repubs use to discredit a large package;
'If you stacked a trillion dollars on a high priced hookers, uh, leg the pile would stretch from Ted Haggard to the cross on top of Lizard Rock in Idaho.'

So? It's going to take a lot to fix the mess made by these monkeys in expensive suits.

Looks like the Republics don't want another Democrat to save capitalism from itself.

* See Krugman. He has been right about this mess for years.


Tax cuts. Military. Blah.

Make yourself useful and go suck an egg, McCain!


No surprise that Grampy McCain is crying. He probably still thinks "the fundamentals of the economy are strong".


Wow, leadership from the republicans.

The demos tried to give Hollywood, the film industry, $236,000,000 in tax cuts in this "stimulus" bill.

It has been deleted from the "stimulus".

If Wall Street has a limit on salaries then so should Hollywood. Let the actors and staff share the profits from successful movies. NO reason actors should get $10,000,000 a picture.

There is more c*rap like this in the "stimulus" bill. It has to be ferreted out.

Obama can say he won; but 46% of the people voted for the other candidate.

That 46% may increase if the demos don't get rid of the padding.

The demos keep spouting about kids healthcare and doing right by them; well how about kids, grandkids, and great grandkids' debt service from this ungainly "stimulus" bill.

The only stimulus is a long term job.


McCain had his chance to be the POTUS, the american people didn't buy it. Matter of fact he said there was no economic problem. By the way, I thought McCain went back to AZ to retire. WHAT HAPPENED?


I truely hope that the GOPer leadership continues to put angry old rich Republican white guys, like McCain, out front in their effort to obstruct an American job stimlus bill.


For starters, McCain in April 08 declared that there had been "great progress economically" during the Bush years. On more than one occasion, he diagnosed Americans' concerns over the dismal U.S. economy as "psychological." (Phil Gramm, McCain's close friend and adviser who was supposedly excommunicated over his "whiners" remarks, was brought back into the McCain campaign after McCain said he had fired him.) McCain, a man who owns eight homes nationwide, in March lectured Americans facing foreclosure that they ought to be "doing what is necessary -- working a second job, skipping a vacation, and managing their budgets -- to make their payments on time." And when all else fails, McCain told the people of the economically devastated regions in Martin County, Kentucky and Youngstown, Ohio during his recent Presidential campaign that there's always eBay.
In his defense, McCain's shocking tone-deafness may just be a matter of perspective. When you're as well off as he is, anything below a $5 million income (a figure exceeding that earned on average by the top 0.1% of Americans) seems middle class.


*The $100 Million Man.
Courtesy of his wife Cindy's beer distribution fortune (one her late father apparently chose not to share with her half-sister Kathleen), the McCains are worth well over $100 million. (In the two-page tax summary she eventually released to the public, Cindy McCain reported another $6 million in 2006.) As Salon reported back in 2000, the second Mrs. McCain's millions were essential in launching her husband's political career. Unsurprisingly, the Weekly Standard's Matthew Continetti, who four years ago called Theresa Heinz-Kerry a "sugar mommy," has been silent on the topic of Cindy McCain.


*The Joys of (Eight) Home Ownership.
While fellow adulterer John Edwards was pilloried for his mansion, John McCain's eight homes around the country have received little notice or criticism. His properties include a 10 acre lake-side Sedona estate, euphemistically called a "cabin" by the McCain campaign, and a home featured in Architectural Digest. The one featuring "remote control window coverings" was recently put up for sale. Still, their formidable resources did not prevent the McCains from failing to pay taxes on a tony La Jolla, California condo used by Cindy's aged aunt.


*The Anheuser-Busch Windfall.
As it turns out, the beauty of globalization is in the eye of the beholder. While John McCain apparently played a critical role in facilitating DHL's takeover of Airborne (and with it, the looming loss of 8,000 jobs in Wilmington, Ohio), Cindy McCain is set to earn a staggering multi-million dollar pay-day from the acquisition of Anheuser-Busch by the Belgian beverage giant, In Bev. As the Wall Street Journal reported in July, Mrs. McCain runs the third largest Anheuser-Busch distributorship in the nation, and owns between $2.5 and $5 million in the company's stock. Amazingly, while Missouri's politicians of both parties lined up to try to block the sale, John McCain held a fundraiser in the Show Me State even as the In Bev deal was being finalized.


*McCain's $370,000 Personal Tax Break.
Earlier this year, the Center for American Progress analyzed John McCain's tax proposals. The conclusion? McCain's plan is radically more regressive than even that of President Bush, delivering 58% of its benefits to the wealthiest 1% of American taxpayers. McCain's born-again support for the Bush tax cuts has one additional bonus for Mr. Straight Talk: the McCains would save an estimated $373,000 a year.


*Paying Off $225,000 Credit Card Debt - Priceless.
That massive windfall from his own tax plan will come in handy for John McCain. As was reported in June, the McCains were carrying over $225,000 in credit card debt. The American Express card - don't leave your homes without it.


*Charity Begins at Home.
As Harpers documented earlier this year, the McCains are true believers in the old saying that charity begins at home:
.
Between 2001 and 2006, McCain contributed roughly $950,000 to [their] foundation. That accounted for all of its listed income other than for $100 that came from an anonymous donor. During that same period, the McCain foundation made contributions of roughly $1.6 million. More than $500,000 went to his kids' private schools, most of which was donated when his children were attending those institutions. So McCain apparently received major tax deductions for supporting elite schools attended by his children.


*Private Jet Setters.
As the New York Times detailed back in April, John McCain enjoyed the use of his wife's private jet for his campaign, courtesy of election law loopholes he helped craft. Despite the controversy, McCain continued to use Cindy's corporate jet. For her part, Cindy McCain says that even with skyrocketing fuel costs, "in Arizona the only way to get around the state is by small private plane."


*Help on the Homefront.
In these tough economic times, the McCains are able to stretch their household budget. As the AP reported in April, "McCain reported paying $136,572 in wages to household employees in 2007. Aides say the McCains pay for a caretaker for a cabin in Sedona, Ariz., child care for their teenage daughter, and a personal assistant for Cindy McCain."


*Well-Heeled in $520 Shoes.
If clothes make the man, then John McCain has it made. As Huffington Post noted in July, "He has worn a pair of $520 black leather Ferragamo shoes on every recent campaign stop - from a news conference with the Dalai Lama to a supermarket visit in Bethlehem, PA." It is altogether fitting that McCain wore the golden loafers during a golf outing with President George H.W. Bush in which he rode around in cart displaying the sign, "Property of Bush #41. Hands Off."



Mr. McCain had given up his honor and soul a long time ago. He's use to this double lie speak. Nothing new. It is news organizations like this that give him a chance to amplify such dark nastiness every where. I am saddened by the lack of patriotism in our Republican party. If this were a physical perfect storm hurricane in process, they'd be forced to do something rational and honorable. But since this perfect storm is something that is difficult to put on the televisions of every living room and on computers, it is more ambiguous. In that slippery place of ambiguity comes pure cold and mean push for power. Mr. McCain is just a weenie among his colleagues. A man who knows the territory well and can play his part.


Barack can have him and a few other Senators to dinner and charm them like St. Francis preaching to the birds.


I see the usual air heads have weighed in and, as usual, had nothing whatsoever to say.
.
Bottom line: Any spending in a bill labeled "Stimulus" that does not create or preserve jobs doesn't belong there. A bill stuffed with pork isn't an economic stimulus.
.
Listen to Sen. Martinez:
.
http://weblogs.sun-sentinel.com/news/politics/dcblog/2009/02/senator_martinez_floats_stimul.html


It has been deleted from the "stimulus".If Wall Street has a limit on salaries then so should Hollywood. Let the actors and staff share the profits from successful movies. NO reason actors should get $10,000,000 a picture.
Posted by: dedee | February 4, 2009 7:02 PM


More false equivalency propaganda from the deadenders who live in Wingnutland.


Last time I checked Hollywood wasn't asking for any bailout money and unlike the Republican Wall Street fatcats, if their films fail to sell eventually their pay goes down..
If you don't like Hollywood that's fine because no one is forcing you to buy their products. You can stay home and watch the Jesus TV channel all day and night for all anyone cares.


Back to the Swiftboat drawing board for you....


MJ, why would anyone listen to Sen. Martinez?? He's so weak and ineffictive that he isn't running for reelection for a 2nd term, and may not finish his first term. He knows nothing about economics. Nobody will follow your link. A stimulus bill is a jobs bill is a spending bill, MJ. Don't play word games.


No senator is better than senator McCain. No president would have been better than a president McCain.


Posted by: MJ | February 4, 2009 8:53 PM
....


HAHAHA!


Yeah, let's all listen to an airhead who used to call himself "Leo T", and his hero Sen Martinez, who himself recently realized that the GOP point of view on virtually every single topic has been rejected by the American people, and thus decided that he might be better off if he just retires now.....NOT!


Thank you hola.
And John McCain --SHUT UP. JUST SHUT UP.
(sorry, obama, but sometimes you DO have to be disagreeable).


Pander Bear McCrackers has awoken from his hibernation and is getting all mavericky.

Please keep this man in front of a camera as often as possible. Then post more stories about Limbaugh and Palin.

Again and again and again......


Why does McCain think American GIVES A DANG about what he thinks? We voted against McCain...lest he forget. The one thing that bothers me about President Obama is his insistence on asking McCain for advice or taking MCcain into his confidence. McCain sells President Obama out every time! NO MORE MCCAIN!!


Why does McCain think American GIVES A DANG about what he thinks? We voted against McCain...lest he forget. The one thing that bothers me about President Obama is his insistence on asking McCain for advice or taking MCcain into his confidence. McCain sells President Obama out every time! NO MORE MCCAIN!!


Actually Teresa, there's more than $200 million for film producers in the bill. Senator McCain, if only you'd said these things during the first "stimulus" bill's debate then you'd be our president right now. I promise you if McCain were president we wouldn't be debating how a record-setting earmark and pork spending bill could "help" the economy. We'd be talking tax cuts. Say, where IS that Obama tax cut for 95% of Americans we were promised during the campaign? $10 every two weeks for middle income earners isn't going to stimulate anything.


Hurry up and pass this bill...like Pelosi said, "500 million Americans are losing their jobs every month"

Hey...what is the population of America?

Paulo


do you REALLY think Obama is listnening to REPUBLICANS?
I think they lost the election!
AND they have lost the country AND they have LOST


Repuglicans need, like Scarlett O'Hara, to be put in their place. And often.

A new President is always entitled to get the tax bill he wants.

In this case, because of the debacle, that is edited to "the stimulus bill he wants".

If he wanted to replicate the Musikverein concert hall in Chicago to replace the acoustically dead Orchestra Hall, he should be entitled to that.

McCain and even has-beens like Cheney are just playing chicken, challenging Obama to see if he's "soft".

It will be interesting to see how he puts them in their place.


'Spend baby spend' by tax cuts led to this crisis. without single feasible alternative proposal other than that, it would be sensible to respect the election result, I'd say. If the deficit matters, then those with the concern will be advised to count the costs of imported oil, I think.


Posted by: Flo | February 4, 2009 9:17 PM
.
"...why would anyone listen to Sen. Martinez??"
Maybe because he came up with a good idea that will actually WORK? Duh!!
.
"A stimulus bill is a jobs bill is a spending bill, MJ. Don't play word games."
.
What word games? Does that mean anything at all, or is " Don't play word games." a word game of your own?
.
Yes, a stimulus bill is a jobs bill is a spending bill. Both tax cuts and spending, BTW, but the spending must (duh!!) CREATE or PRESERVE jobs. Remember jobs, Flo? Remember the economy? ...you know, the thing a stimulus bill is supposed to be stimulating?
.
Flo, I used to think you were one of the few honest, sincere well meaning people here. Lately I've been thinking I was wrong about that.


I love the anger over the pay cap from the right. Shall we go back and cut and paste a couple of comments about how those evil union workers need to cut their pay before they would give them money? More we love wall street.....we hate working class....


McCain is a two-faced, lying hypocrite. Here's a man that has 7 or 8 different residences and 13 cars and wears shoes that cost $500.00. Go back to Arizona where you belong.


MJ, you use the term airhead, and then you expect me to be nice and sweet? What is so great about the Martinez bill; say it, don't send us to links, please.


"Flo, I used to think you were one of the few honest, sincere well meaning people here. Lately I've been thinking I was wrong about that."

Posted by: MJ

That's the one thing you were right about, MJ. And there was nothing dishonest in my post.


both the reps and dems are screwing us without kissing us first. if it doesn't create a substantial number of jobs that will last for over a year, we don't need it. we'll borrow a trillion dollars from china and be paying interest of billions on it for years while they pass $ out to people who don't deserve it but who helped obama get elected. cut payroll and corporate taxes, then cut the federal budget to make up the shortfall. doesn't take a rocket scientist.


I just want to second the comment posted by rupert on Feb. 4: "No senator is better than senator McCain. No president would have been better than a president McCain." Amen!


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