John McCain is red in the face and hopping mad. I’m sitting in his office in the Senate Russell Office Building, and he’s just rushed in after delivering a speech on the Senate floor where he seethed about the earmarks in the Homeland Security Bill.
“Can you believe they are putting $6 million of pork into Homeland Security?” he asks with his trademark clenched-fists. “They promised they wouldn’t do that. Ben Nelson [the Democratic senator from Nebraska] just inserted a $200,000 museum in Omaha into the legislative branch appropriations bill. These earmarks are a creeping disease. First members condemn them, then they condone, then they embrace them.” Then Mr. McCain adds, “Eight or nine Republican appropriators routinely vote for this pork.” Shaking his head he says, “It’s killing our party.”
If you thought that the senior senator from Arizona would ride off into the political sunset last November, inconsolable after losing his bid for the presidency, think again. He’s over it. And he’s as energized and spry as ever I’ve known him.
I interviewed John McCain for these pages four years ago when he was just launching his presidential campaign. Now I’m here to see how he is coping with defeat, and what his priorities are this year.
Many feared he’d become the Obama administration’s ambassador to the Republican Party, cutting deals to get things done. On the contrary: He’s emerged as one of the lead critics of Obamanomics.
He says he has worked to keep his relations with President Barack Obama “cordial,” but he pulls no punches criticizing the president’s economic policies. “Never. Never have I seen such a transfer from the private enterprise system to the government of such massive scale,” he says. He goes through the list: car companies, banks, insurance firms owned by government, and he especially grimaces when he mentions the $787 billion stimulus package.
Not much has improved because of the stimulus. Mr. McCain scoffs, “And now, the answer is, according to the Obama economists, we didn’t spend enough.” He’s referring to the notion that we should have a second stimulus. This is not something the senator favors.
Asked about the deficits, his response is blunt. “I think it’s the biggest problem we’ve ever faced.”
Ever? “Yep,” he replies. “The only time where we amassed greater debt was during World War II, and that was temporary spending. We won the world war and then cut back. But now . . . the spending is permanent.”
“Look, this is a very popular, attractive, and eloquent president,” he continues. “But I think he was elected to govern in a centrist fashion. And instead,” he says, the administration is “governing from the far left.” Mr. McCain thinks this approach will capsize. “They don’t get that this is a right-of-center nation. Sooner or later, it becomes increasingly clear to the American people that he’s out of sync with the majority.” The latest polls are already showing some of this slippage: Mr. Obama’s favorable rating is now just over 50%, down from 70% his first weeks in office.
Will Mr. Obama ever move to the center as President Clinton did? “He will try to, but he’s got an overwhelmingly liberal Congress and his political instincts are to move to the left. It’s not an accident that he has the most liberal voting record in the United States Senate,” he says, reciting a line from his campaign. On health-care reform, Mr. McCain calls the Pelosi bill “a fish in the sun” that smells more rotten the longer it sits. But he’s worried that this may end badly. The administration has “co-opted the hospitals, he’s co-opted the pharmacists; he’ll co-opt AMA [American Medical Association]. And by the way, if the pharmaceutical companies can save us $100 billion, why don’t they do it now? For the love of God, doesn’t this mean that they’ve been ripping us off?”
In the 2005 interview, Mr. McCain told me rather famously that “I don’t understand economics very well.” The Obama team echoed that phrase throughout the campaign. It’s still stuck in his craw, and it’s one of the first topics he brings up.
“Could I mention, Steve, that I kept hearing during the campaign the stuff about McCain being weak on economics. They obsessed about this in the media. They never said Obama is weak on economics. I came to Washington as a Reaganite limited government tax cutter.” He’s right about the media treatment. Neither candidate had a strong command of economics—certainly not Mr. Obama, as events have shown. Mr. McCain was simply being honest.
He seems perplexed that his pals in the media turned on him in 2008 after years of worshipful press treatment. “In 2000 [when he ran against George W. Bush] I used to go chat with reporters on the back of the bus, and we would have these long, pleasant conversations . . . . I was the underdog clawing my way up. But then in 2008, I noticed that it would be kind of a gotcha session with the press—a totally more hostile attitude.”
Yet conservatives had warned Mr. McCain that he would remain a media darling up until the moment he won the GOP nomination, at which time they would rip him apart. I’m only surprised that he was surprised this happened.
Mr. McCain is initially reluctant to talk about the campaign, but he provides me with snippets of what went right and wrong. He believes that he could have won the election had it not been for the market collapse in mid-September. “We were three points up on September 14. The next day the market lost 700 points and $1.2 trillion in wealth vanished, and by the end of the day we were seven points down. We lost the white college graduate voters, who became profoundly disillusioned with Republicans. And by the way, that was the way it ended up. We lost by seven points.”
He certainly was dealt a lousy hand. But I challenge him on whether he might have played that hand better. During the first days of the financial crisis, Mr. McCain looked indecisive and worse, a creature of Washington insider politics. Why did he suspend his campaign, and why did he vote for the $700 billion bank bailout plan, which was wildly unpopular with voters?
“You have no idea the pressure I was under,” he says. “I remember being on the phone with President Bush, Vice President Cheney, the Treasury secretary and [Fed Chairman Ben] Bernanke. They assure me the world financial system is going to collapse if I don’t vote for the bill. So I do the impetuous and rash thing by saying, look, I have got to go back to Washington and see how I can help. And by the way, so did Obama—but it was McCain that was the impetuous one. Obama came back to Washington.” Mr. McCain grumbles, “He was at the White House with me. But he wasn’t impetuous.” This is the only time in our interview he shows any bitterness about the campaign.
He feels he was misled by the Bush economic team. He wanted the focus of the rescue plan to be on housing and home owners under water—not the lenders or the big banks. “Paulson and Bernanke both told me on the phone, our primary focus is going to be on the housing crisis. That’s our primary focus. And then three days later they switched their whole priorities around.” Instead, the Bush administration got a $700 billion check from Congress to save banks, investment houses and eventually car companies.
Had he been president, Mr. McCain says he would have done things differently. “Small business has been ignored in this whole bailout. You know, I hate to use the word but it seems to me that the philosophy of Tim Geithner and Ben Bernanke is trickle down, you know? Save Wall Street, save these financial institutions and then maybe they’ll have enough money to loan to the small business person. Wall Street seems to be doing okay. The executive salaries are fine.”
He continues: “But I just came from driving down Central Avenue in Phoenix and saw closed up storefronts because they’re too small to save, but these giant banks are too big to fail.” This is vintage John McCain, the economic populist fighting for the little guy.
If the market crash was the low point, I ask him for his best memory from the campaign. “The high point, I think, was the convention, the selection of Sarah Palin, and the enthusiasm that was generated all over the country.” His fondness for Mrs. Palin and her family strikes me as from the heart; he believes she was a net asset for the ticket.
“Let’s face it,” he says, “she galvanized our base in a way that I couldn’t. Everywhere she went she drew enormous and enthusiastic crowds like a rock star.” He says his only regret in selecting the Alaska governor was that no one on the campaign predicted the ferocity of the assaults against her. “To the liberal left, particularly the feminists, she is their worst nightmare.”
Since Mr. McCain was the co-sponsor of the McCain-Lieberman bill last year to limit CO emissions through a cap-and-trade system, I ask him about the climate change bill that passed the House last month and he surprised me with his opposition. “I believe climate change is real . . . but this 1,400-page bill is a farce. They bought every industry off—steel mills, agriculture, utilities,” he says.
So you wouldn’t vote for the House bill? “I would not only not vote for it,” he laughs, “I am opposed to it entirely, because it does damage to those of us who believe that we need to act in a rational fashion about climate change.”
A s Mr. McCain keeps circling our discussion back to fiscal responsibility, I ask him if the trillion dollar deficits are a sign that America is an empire in decline. “I think there’s a risk of that . . . unless we change. I’m a student of history. The shift in power from the British to the United States took place when the economy and the world’s gold reserves shifted and Britain went from the world’s [creditor] to a world debtor. The same thing could be happening now. I emphasize ‘could.’”
My last question is about the possibility for a 2012 rematch against Mr. Obama. “No chance,” he says.
But the good news for those who admire this maverick is that he’s likely to stay in the Senate for years and is focusing single-mindedly on holding back Obamanomics. For now, that means trying to stop budget busters like ObamaCare, but also saving a few million dollars at a time by cancelling museums in Nebraska, turtle crossings in Florida, and the endless flow of dollars to Democratic Rep. John Murtha’s airport to nowhere in Johnstown, Pa.
And then Mr. McCain is out the door—running to vote on another anti-pork amendment.
By STEPHEN MOORE - a senior economics writer for the Wall Street Journal.
Newsmax Poll Shows Strong Support for Sarah Palin in 2012
An Internet poll sponsored by Newsmax.com reveals that nearly 4 out of 5 respondents would support Sarah Palin as the Republican nominee for president in 2012.
A slightly larger majority believe the then-Alaska governor helped John McCain in the 2008 presidential race — while only 31 percent think McCain did a good job running for president.
The poll drew more than 600,000 responses, and Newsmax will provide the results to major media and share them with radio talk-show hosts across the country.
Here are the poll questions and results:
1) What is your opinion of Sarah Palin? Favorable: 83 percent Unfavorable: 17 percent
2) Do you believe Sarah Palin as a running mate helped or hurt John McCain? Helped: 80 percent Hurt: 20 percent
3) In the election between McCain-Palin and Obama-Biden, who did you vote for? McCain-Palin: 81 percent Obama-Biden: 16 percent
Other: 3 percent
4) Would you support Sarah Palin as the Republican nominee for president in 2012? Yes: 78 percent No: 22 percent
5) Do you believe McCain did a good job running for president? Good Job: 31 percent Bad Job: 69 percent
6) Do you believe Barack Obama "bought" the White House by outspending McCain? Yes: 72 percent No: 28 percent
Posted: Knowledge Creates Power