McCain Says He'll Support Bush Stimulus Plan

(CBS)

From CBS News' Dante Higgins:

DEERFIELD BEACH, FLA. -- John McCain today applauded Federal Reserve chairman Ben Bernanke for cutting interest rates and said he thinks more cuts may be necessary in the future. He also says he will support President Bush's economic stimulus plan.

But McCain is sticking to his theory that "nothing is inevitable," that we aren't necessarily headed into a recession. He says the underpinnings of our economy are still strong but acknowledges tough times at the moment. He says he will support President Bush's stimulus package even though it isn't his ideal. "We have come up with a package that may not be everything that I want but its part of the process and if we enact it very soon will be good for America. But if we lard it up with pork barrel projects I think it would be a terrible mistake," he said.

McCain says he is not opposed to handing cash to people as this stimulus package would. "Do I think it's the best measure? No, but I think we all work on consensus and Democrats and Republicans working together so I wouldn't object to it."

McCain still insists that major cuts in spending would greatly improve our economy in the long term. He cited billions of dollars in approved "pork barrel" projects, "$35 billion in pork barrel projects that we spent on things like the 'bridge to nowhere' in Alaska, when we should have, we could have given $1,000 tax credit for every child in America."

[kidflake]

McCain can''t win his home state of Arizona. We know him better than that. Deeds - not words. Let''s work with the liberals - not sell out to ''em. Romney won his home state with integrity. Romney learned economics in college and then again in the school of hard knocks - business.

[vptimmy-2009]

McCain admits he %u201Cdoesn%u2019t really understand economics%u201D.

http://athensforronpaul.com/archives/230

Yeah he knows what he is talking about. Geez.

[hm8b6f3v]

McCain is NOT the one to turn us around. He want''s to be--but quit frankly--I have been following these candidates for some time now. It is very clear that John
is not going to be able to triumphant over Hillary or Oboma.
We do not want to see where they would take us. Americans must be smart and see the writing on the wall. WE are in Trouble. This country needs someone besides a career politician to be our leader. Mitt Romney in my view is a much better option that McCain.

[kansas1946]

What a surprise. McCain has had his nose up Bush''s rear end for seven years. McCain would just be GWB all over again.