McCain says he will vote against the stimulus package

A zebra doesn't change its stripes. The Maverick is back!

Crooks and Liars:

On FNS this morning, John McCain said that he would not vote for the stimulus package that would try to breath life into our suffocating economy which is suffering because of the conservatives that just lost the election.

WALLACE: Let's talk about the economy. We'll get to national security in a moment. The president is pushing an economic stimulus package of $825 billion that raises some of the issues that were at the heart of your campaign against Barack Obama. $275 billion in tax breaks, including money for people who don't pay income taxes. $550 billion in spending, including $200 million to resod the national mall, $360 million to fight sexually transmitted disease. As that package now stands, can john McCain vote for it?

McCAIN: No. We need to make tax cuts permanent and need to make a commitment that they'll be no new taxes. We need to cut payroll taxes. We need to cut business taxes. We need to have a commitment that after a couple of quarters of GDP growth that we will embark on a path to reduce spending to get our budget in balance. We're going to lay an additional $2 trillion of debt on future Americans. Is there going to be a point where foreign countries such as the Chinese stop buying our debt? Look, we've got to eliminate the unnecessary spending. There's got to be some kind of litmus as to whether it will really stimulate the economy and whether it will in the short term. Some of the stimulus in this package is excellent. Some of it has nothing to do -- those projects and others you mentioned -- six billion for broadband Internet access. That will take years. There should be an end point to all of this spending as well.

Say two years. If we need to stimulate the economy in a short period of time, let's enact those provisions --

WALLACE: You're talking about a major rewrite as it now stands.

McCAIN: The plan was written by a Democratic majority in the house primarily. So, yeah, I think there has to be major rewrites if we want to stimulate the economy.

WALLACE as it stands, you'd vote against it?

McCAIN: Look, I am opposed to most of the provisions in the bill. As it stands now, I would not support it.