I don’t have much time, so forgive me for posting this on your thread.
From the WSJ:McCain Urges Supporters to Sign Petition Opposing Stimulus
Susan Davis reports on politics.
Sen. John McCain announced his opposition to the nearly $900 billion economic stimulus package in an email message to his supporters asking them to sign a petition that states, “I cannot and do not support the package on the table from the Democrats and the Obama Administration.”
A long-standing fiscal hawk, the Arizona Republican and 2008 presidential nominee wrote that he will not support the bill in its current form because it’s “big on the giveaways for the special interests and corporate high rollers, yet short on help for ordinary working Americans.”
McCain advocates against another massive spending package, instead calling for “a short-term stimulus bill” although he provides no further details or cost of such a bill.
McCain also chastises his former presidential rival for not involving Republicans more intimately with crafting the bill. “I appreciate the discussions President Obama is having with my Republican colleagues, but the time for talking has come to an end and we must now begin some serious negotiation,” McCain wrote, “But as of yet, Republicans have not been given the opportunity to be involved.”
Here’s the full email:
Dear McCain Supporter,
Yesterday, the Senate began debate on an economic stimulus package that is intended to get our economy back on track and help Americans who are suffering through these difficult times. Unfortunately, the proposal on the table is big on the giveaways for the special interests and corporate high rollers, yet short on help for ordinary working Americans. I cannot and do not support the package on the table from the Democrats and the Obama Administration. Our country does not need just another spending bill, particularly not one that will load future generations with the burden of massive debt. We need a short term stimulus bill that will directly help people, create jobs, and provide a jolt to our economy.
I believe we need to evaluate every bit of spending in this stimulus proposal with one important criteria - does it really stimulate the economy and help create jobs - if the answer is no, it does not belong in a so-called stimulus package. Furthermore, the stimulus must include significant direct relief to American workers in the form of payroll tax cuts and programs to help homeowners keep their homes. Finally, we need an end game to this stimulus so that when our economy recovers, these spending programs do not remain permanent and saddle our children with a skyrocketing national debt.
I appreciate the discussions President Obama is having with my Republican colleagues, but the time for talking has come to an end and we must now begin some serious negotiation. But as of yet, Republicans have not been given the opportunity to be involved. The House of Representatives passed a stimulus bill without a single Republican supporting it. In the Senate, the Democrat leadership is trying to jam the existing proposal through regardless of reservations from a number of members. With so much at stake, the last thing we need is partisanship driving our attempts to turn the economy around.
I have long been a fighter against wasteful spending in Washington and long an advocate for a balanced budget — that will never change. I realize we face extraordinary challenges with our economy today, but that is not an excuse for more irresponsibly from Washington. I hope you will join me in saying no to this stimulus package as it currently exists by signing this petition.
Sincerely,
John McCain
Chair, Country First PAC
That's fine.
McCain Urges Supporters to Sign Petition Opposing Stimulus
The problem with McCain's statement is that it's misleading. He opposes the current stimulus but is happy to support a "lite" version of the current stimulus.
Furthermore, as the details of his Gang of 10's alternative proposal have come out today, the "tax cuts" are temporary, meaning that next year, Americans get hit with a de facto tax increase, just as they would be emerging from the recession.
DeMint's plan includes permanent and more extensive tax cuts, including a total and permanent repeal of the Alternative Minimum Tax.