McCain: The Stimulus is a Failure, But Don't Dare Ask Arizona to Give Any of the Money Back

Here an excerpt of transcript of McCain's interview.

Crooks and Liars:

CHETRY: Well, you know, your fellow senator, Arizona's Jon Kyl, has said that the stimulus should be canceled. He called it a failure. Do you think that we should stop the spending?

MCCAIN: Jon Kyl was on a talk show on Sunday, talking about how the stimulus has failed, which it has, and only 10 percent of the money has been distributed, and the predictions of the administration were there would be eight percent unemployment. We're now at 9.5 percent, headed for 10.

So, in an arrogant use of power, the president's chief of staff, Mr. Rahm Emanuel, told four cabinet secretaries to send a letter to our governor and ask her if she wanted the money or not. Now, our governor is right in the middle of a fiscal crisis and doesn't need that kind of harassment. So, the point is that the money has been, is being spent. The money has been allocated, and it is a failure and that's what Jon Kyl was talking about. And what Rahm Emanuel did was an arrogant use of power, that's all.

CHETRY: Well, what you're referring to is letters that went out to the governor of Arizona. One of them came from Transportation Secretary Ray LaHood, a Republican, who wrote that if you prefer to forfeit the money we are making available to your state as Senator Kyl suggests, please let me know.

But politics aside, do you think Arizona should say...

MCCAIN: Astonishing that they are making available? My state of Arizona is a donor state. We send more money to Washington than it sends back, so secretary of transportation is making available to Arizona our own money? I tell you, that's a remarkable statement. A remarkable statement.

CHETRY: What I'm wondering, though, is so we have Jon Kyl criticizing the stimulus, and saying that it's failing.

MCCAIN: As have I, and it is.

CHETRY: Right. And both senators from the state are saying that. So, what about perhaps putting your money...

MCCAIN: We're saying it failed.


CHETRY: What about putting your money where your mouth is and, OK, let's not take any money.

MCCAIN: We are saying that it failed, it has failed by any measurement. And by the way, one of the cabinet secretaries told me over the phone in these words that the letter that was sent is political b.s. That's what he said to me. And you know what? He's right.
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But, John, you are not answering the question: Are you to give back the stimulus money since you said that it is failure?

To learn on how your state is spending the stimulus money, Recovery.gov has the breakdown. Click here.