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In Interview, Hillary Attacks McCain on Economy

February 07, 2008 12:33 PM

Sen. Hillary Clinton, D-NY, called into ABC News today to chat about the stimulus package vote yesterday.

As you may know, President Bush, House Speaker Nancy Pelosi, D-Calif., and House Minority Leader John Boehner, R-Ohio, worked out a deal on a $160 billion stimulus package. Senate Democrats wanted to add about $40 billion in additional spending, including subsidies for energy costs, extending unemployment benefits, and tax credits for the coal industry.

But yesterday evening Senate Republicans prevented the bill, pushed by Senate Majority Leader Harry Reid, D-Nev, from substituting their bill for the one passed by the House. Sen. John McCain, R-Ariz., was the only senator to miss the vote.

Clinton today told ABC News that McCain was wrong to miss the vote and wrong to oppose the substitute. "Senator McCain has said, he doesn't really know much about the economy," she said. "It's not been an issue of his concern in the past."

Clinton also said the Pelosi-Bush stimulus package "is not enough," and denied that her campaign was having financial difficulties, despite the fact that she loaned her campaign $5 million and her senior staffers are forgoing salaries.

Following is a slightly edited version of the transcript, you can listen to the audio of the interview HERE

Jake Tapper: Majority Leader Harry Reid is looking to do a different stimulus package. Tell me more about your vote and your thoughts on that.

Sen. Hillary Clinton: Well, the economy lost jobs last month and the mortgage lending crisis is leaving millions of Americans in danger of losing their homes and everyday expenses are on the rise. So the reality is we're heading toward a recession. And I feel a real sense of urgency to do something. Unfortunately the Republicans, including Senator McCain, don't share that view.

Now, you know Senator McCain is a friend, and I honor his service to the nation, but on this issue we have an honest and important disagreement. I believe we need to get help to the middle class as soon as we can.

Senator McCain failed to vote and I think that's wrong. Senator McCain seems to take the Bush approach to economic stimulus: help those who don't need it and ignore those who do. That's what he did yesterday by not supporting the stimulus plan. I think we need to do something to deliver solutions to the people who need it most. That's why I was the first candidate to come out with a detailed and comprehensive economic stimulus package. And it's why I left the campaign trail to go back to the Senate to vote on a proposal aimed at jump starting the economy.

But unfortunately the Republicans banded together to block the bill  because they oppose the Democrats' efforts to do a little extra for the elderly, for disabled veterans, and for people who have lost their jobs.  I think that's wrong and I think it's another reminder about why we need a president to deliver real solutions for our country. So what's clear is the best stimulus package would be a president who knows enough and cares enough  to solve our economic problems and that is the kind of president I intend to be.

JT: Now Senator McCain has said he would have voted, he wasn't there to vote on cloture, he would have voted against the bill. And he supports the one that was brokered by Speaker Pelosi and President Bush, but it seems to me there's a slight disconnect in the sense that Pelosi supports the bill that Harry Reid was trying to replace, no?

HC: Well eventually we are going to have to do exactly what the Democrats in the Senate and Republicans tried to do. We are going to have to replenish the unemployment compensation fund. We are going to have to make sure that people in special need like the elderly or our disabled veterans are taken care of. We will have to help more with income assistance for heating. And I believe that the Democrats were exactly right in adopting a proposal that I've been pushing to put some money into renewable energy jobs. It's not just enough to stop the bleeding. We've got to start creating jobs again for America. So on all those counts I think the Senate Democrats are doing what we need to do and what we will eventually have to do.

JT: So the House bill, the bill offered by the Democrats in the House doesn't do enough?

HC: Well the House bill is a good start but it is not enough.

JT: So now, you've missed bills too. I mean, Senator McCain has more absenteeism during his campaign, but you and Senator Obama and Senator Biden and others have missed a number of votes. Isn't that a requirement, or what you risk when you run for president?

HC: Well as you know, Jake, I've worked really, really hard and have by far the lowest percentage of missed votes in the Senate while campaigning. And some votes, it's unfortunate, you do have to miss them. But this was a vote that is so clearly directed at what we have to do. There's no disagreement for the need for a stimulus and it has to be timely, which is why we're working so hard to get it done.

And as Senator McCain has said, he doesn't really know much about the economy. It's not been an issue of his concern in the past. And I think this is an area where we really have to step up and address the needs of the American people. It's something I've been doing for years. I led the fight on unemployment compensation after 9/11 because I know if we don't start moving now, the recession will be longer and deeper than it should otherwise be.

JT: There's a lot in the news today that a lot of your senior staff are forgoing salaries. And also that you've loaned your campaign five million dollars from your own personal funds. Is this not an indication that your campaign is having some financial difficulties? I mean on its face it would see to be the case, no?

HC: No, not at all. We were outraised in January which we took steps immediately to address. And I think the results on Super Tuesday showed that we were more than competitive. Since Tuesday we’ve raised millions of dollars on the Internet. So we're going to be fine. And you know my staff is so dedicated that they stepped up and said we want to do our part. I did my part. But we're going to be in very good financial shape, people are rallying around. And I think by the end of the week we're going to be back on track.

JT: I heard somebody joke that it was effort by your staff to better understand the working poor. (Editor's note: this was a reference to a post in the liberal website DailyKos that said, "As we saw with Giuliani, when presidential candidates decide to get in touch with the working poor by surrounding themselves with unpaid staff, that can be a sign of a campaign's impending collapse.")

HC: Well that's not a joke. I mean we're working hard to run a campaign and elect a president who cares about the people of America again and I'm really grateful for the dedication that my staff is showing to that mission.

JT: A lot of people think that economic stimulus packages come too late to really have an impact on the economy because by the time Congress takes action, by the time people realize what's going on, the trends have already been taking place so long. You don’t feel that that's the case?

HC: I don't. If it's targeted and timely and temporary it can provide a boost to the economy. It has to have the right elements and obviously we have some but not all of what we need. But the sooner we start the better it will be.

JT: Okay, I know you're heading off to Washington State and good luck on the campaign trail.

HC: Thanks a lot. Bye bye.

-- jpt

February 7, 2008 | Permalink | Share | User Comments (148)

User Comments

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It is nice to see that Hillary is trying to lookout for all Americans and has the guts to try and make change instead of talk about it. For instance, she tried to get health care for all Americans back in the 90's, but the insurance companies, special interest groups and others stopped this from happening. Instead of anyone else trying to pick up where Hillary left off, we still have millions of Americans without health care. It is easier to talk about failure than produce results. What is sad is so many Americans have since lost their lives due to lack of health care needs because no one else has had the guts to take action. Hillary has persistently stood up for those that cannot stand up for theirselves in the U.S. and abroad. I believe Hillary is the person to change America in the positive direction. She is knowledgeable, intelligent, persistent and has a work ethic second to none. Most important she has the "guts" to do the right thing for America.

Steve

Posted by: Steve | Feb 7, 2008 11:20:59 PM

The other big thing that chaps me about Obama (along with the generational hate drumbeat) is the drumbeat of "one America/end the partisan divisiveness". Beware the "liberal" candidate who calls for political reconciliation with the right wing, corporate and banking oligarchs, war profiteers, polluters, torturers, union busters and/or haters of all kinds. Beware the politician who spins the yarn that everybody is desparately yearning for an end to partisanship. It's not about partisanship, that's a calculated phony argument. It's about policies and strategies that have been systematically destroying our credibility, our environment, our military, our middle class, and most importantly our constitution. The extremely partisan people and groups that have brought us to this sad condition would like very much to be forgiven and embraced in a big hug of sweet unity, after which they will turn around and step on your neck and mine, again.

Posted by: Martin Gist | Feb 7, 2008 10:41:17 PM

Kelly--you assert that it is beyond comprehension that she actually thinks voters want universal health care. Perhaps it is beyond your comprehension, but that is what polls of actual voters show--a majority want universal health care. Not surprising, universal health care means that everyone has access to health care coverage. If you are so opposed to Hillary's plan for universal health care, perhaps you should do a little research on your man Obama. I commend a video of him advocating single-payer health care in 2003. It is available on You Tube--just google Obama and single payer health care and you'll get it. In contrast to Hillary's plan for universal health care via an array of mostly private sources, Obama said he was a proponent of government sponsored, single payer health care in this video and that we need--indicating that it was a core democratic value. His latest plan is not single payer, nor is Hillary's. Obama claims that "the reason people do not have health insurance is not because they don't want it, but because they cant afford it." DUH! That is precisely the point. The people who cant afford health insurance the ones who most need our help. His plan leaves them out for political expedience. That is not speaking hard truths, that my friends is political expediency. It is also immoral.

On mortgages, Hillary's plan for a temporary moratorium on foreclosures abd a freeze in rate increases for predatory adjustable rate mortgages has been decried by conservatives and the mortgage industry. Guess whose side Obama is on. What a surprise....

Posted by: njh | Feb 7, 2008 10:38:56 PM

As great and unbeatable as it would be to have a Clinton-Obama ticket, I and I think many Clinton supporters are growing very concerned about the tactics of the Obama campaign. I'm 58, and the most distasteful, ominous part of Obama's appeal is his campaign's constant drumbeat of generational war. The upshot of their message is: Race is not an issue! Gender is not an issue! But we reject the so-called older generation. Obama's ideas and proposals are no "younger" than Clinton's, and in virtually every way he is a conventional politician. It's all phony and calculated and I take it personally.

Posted by: Martin Gist | Feb 7, 2008 10:04:55 PM

This country desparately needs a woman president. We need a black president too, but we need a woman more. The best of both worlds would be a woman president with a younger, inspiring black vice president who could learn the ropes for eight years then step into the executive position. And oh yeah, John Edwards for attorney general, Bill Richardson for secretary of state, Madelaine Albright for U.N. ambassador. That's the ticket.

Posted by: Martin Gist | Feb 7, 2008 9:53:53 PM

NJH -- Hillary's scheme to put a 90 moratorium on bad mortgages is seen as a disasterous plan. And it's just beyond comprehension that she actually thinks voters want universal health care. That plan alone will sink her candidacy.


Posted by: Kelly | Feb 7, 2008 9:51:16 PM

I'm SICK of Obama courting the upper bourgeois class, and the media calling them more educated. It just points out that our system, unlike European ones, don't care about poor children. If the workers support Hillary, we should too. And they DO. They have shown time and time again that experience is the real teacher when it comes to WISDOM. I value transactional leaders like Hillary Clinton and Thomas Jefferson because they operate on such a simple premise: reward for applied effort. I will give you my effort, Hillary. You a truly a 21st century comrade.

You learned that it takes strength to bring peace, that it takes evolution to bring revolution. Your family's policies and ideals will be only be improved by your experiences that some so blindly consider as negative.

Please promise you'll get us on the way to a single payer system, because we all know you're our best chance. Ask Europe how they did it and tell us what they said.

Posted by: Tim Cooper | Feb 7, 2008 9:51:11 PM

About that sudden news and then the corrections about the state of finances in the Hillary campaign:

Some of us realize that she played her supporters for fools by playing on their sympathy to get their money. That is really despicable when you think of how that preys on her elderly supporters. But, this is also the Hillary campaign that recently 'rented' its supporter list to a company that used another such list to actually try to defraud the elderly.

But the Hillary camp also played the media for fools. In the words of one supporter, " HRC royaly played the media and they seem to stupid to have noticed. So who cares?" Nice integrity there, Hillary supporter.

And these folks expect the rest of us to dishonor our White House by allowing this candidate to 'win by cheating'. I think not.

Posted by: Donna | Feb 7, 2008 9:50:05 PM

If voters identify the economy as the issue in this election, McCain and Obama are in trouble. In contrast to Obama, who brings as little credibility and substance to a discussion on the economy as McCain, Hillary demonstrates a formidable mastery of the salient economic issues and offers smart, practical solutions. She has consistently had a strong lead with voters who identify the economy as their top issue. The reason is clear--while Obama sermonizes on hope and change, voters worrying about how they are going to pay the bills are more interested in Hillary's less soaring, more satisfying speeches detailing solutions for the credit and mortgage crises, health care and college affordability. People who are worried about the economy don't care about Obama's abstract promises. When times are tough, America's natural tendency to value hard work and a down- to- earth practical approach is most pronounced. In this election, substance not style, will prevail and so the general will be a contest between Clinton and McCain. She will take voters who rate the economy as their top issue hands down.

Posted by: njh | Feb 7, 2008 9:41:34 PM

My comment concerns the debates. A couple of observations that I think are worth noting. All I ever hear about from Obama camp is the more people hear him the more people like him and the more support he gets. Well that may be true when he is by himself on his own turf, but that must not be the case in a national audience with millions of people with Clinton debating him. If he was so charming he should be jumping at the chance to have as many debates as he could so he could win over 75% of the country. The truth is he is much better off not debating her because he is a great speaker on his own stump, but when forced to debate and answer real questions about real issues he just can not compete with Hillary's knowledge and experience. I do like Obama and have no problem with the dream ticket with him as the VP, but I would not give .01 to his campaign as he is all talk with little experience. That is not his fault just the facts. We gave Hillary a $100 yesterday just to show our support for her hard work. But the reality is that $100 is an investment because she is going to do more good things for this country than we can even imagine and we as a country are going to be so much richer as a nation because of what she will do for the U.S.A. On a separate note I think Obama camp is playing into Hillary's camps hands. The Clinton campaign would love more debates because they always win them, they also likely knew that obama would turn them down. Well the media has spun it to perfection in saying that she is in a position of weakness (financially or what ever) and that Obama can call some of the shots now. Great that's what we need. If the media thinks he is in the lead now and no longer an underdog that will help Hillary immensely. Now maybe the media will be forced to give up this underdog story line that has been fueling Obamas run.
I think it get s a lot harder from here for Obama to make additional in roads. He has a huge African American following and has a decent following among white males, but its hard to think that he can grow those 2 groups much higher. I do not see him scoring much at all with white females who make up the largest voting block of the democrats. He will continue to trail by a large margin for Asians and Hispanics. So I think going forward Hillary is in a much better position to gain on his followers the him on hers.

Go Hillary!

Posted by: Chad | Feb 7, 2008 9:28:51 PM

Is the president supposed to be a Wall
Street wizard. I am sure a good leader will appoint smart advisors that will give advice on the economy. Just like the President depends on Generals to run the everyday actions of the military.

Posted by: dirty harry | Feb 7, 2008 9:19:24 PM

At this point, the media is so very negative toward Hillary Clinton that I must view hers as the grassroots campaign despite any corporate funding sources. She is the candidate truly for the American people.

I will vote for John McCain, as will my husband, if Barack Hussein Obama is the Democratic candidate. Despite the Kansas caucus results, many Kansans and Missourians simply do not trust him. The more we get to know him and see his supporters up close and bussed in - the less we like him.

Posted by: Susan | Feb 7, 2008 8:48:48 PM

So many of these comments I agree with. He doesn't allow himself to be held accountable for anything. He brushes things aside and the lack of substance behind what he says shines through. He's candidacy is as thin as a playing card. Yes, he can stand at a podium and give good speeches without notes, but do people really think that's enough to be president? Yes, he gets people "fired up" but we need so much more than that. We aren't electing a cheer leader or Preacher of the United States, we are electing a president. This country needs so much more than what he's offering. I agree his passion is wonderful, and his message of unity is great, but we need a leader with ideas, substance, strength, and experience. We need someone that's going to make difficult decisions around the clock. He can't stand up in the situation room, and give a rousing speech. He's going to be worse than the current person sitting in the White House. Can anyone really picture him as Commander and Chief? Also, the notion that he will win over McCain is foolish. McCain will make him look like a 5 year old on that debate stage. McCain will be up by 22 points, soon after the Republican convention if Obama is the nominee. They are dying to find ways to use his full name Barrack Hussein Obama. Which the fact that the Clinton camp isn't using that, is a good thing. In my heart, I believe Hillary Clinton can and will be the best president we can ask for in this very difficult and dark time that we are having economically and abroad.

Posted by: Louis | Feb 7, 2008 8:31:21 PM

So many of these comments I agree with. He doesn't allow himself to be held accountable for anything. He brushes things aside and the lack of substance behind what he says shines through. He's candidacy is as thin as a playing card. Yes, he can stand at a podium and give good speeches without notes, but do people really think that's enough to be president? Yes, he gets people "fired up" but we need so much more than that. We aren't electing a cheer leader or Preacher of the United States, we are electing a president. This country needs so much more than what he's offering. I agree his passion is wonderful, and his message of unity is great, but we need a leader with ideas, substance, strength, and experience. We need someone that's going to make difficult decisions around the clock. He can't stand up in the situation room, and give a rousing speech. He's going to be worse than the current person sitting in the White House. Can anyone really picture him as Commander and Chief? Also, the notion that he will win over McCain is foolish. McCain will make him look like a 5 year old on that debate stage. McCain will be up by 22 points, soon after the Republican convention if Obama is the nominee. They are dying to find ways to use his full name Barrack Hussein Obama. Which the fact that the Clinton camp isn't using that, is a good thing. In my heart, I believe Hillary Clinton can and will be the best president we can ask for in this very difficult and dark time that we are having economically and abroad.

Posted by: Louis Spetrino | Feb 7, 2008 8:30:38 PM

It is no wonder why most Asians voted for Clinton. The group of Asians that i know do not know how to speak English, so the press could not influence their vote.
Most middle-age Asians recognize the character of a person just by looking at them. Most Americans know, too, but they have to show a lot outside before they can recognize. They can not see the hidden one (for example,in movies, in the beginning, everybody can infer who the villain is going to be at the end.
So far, i score the last four Presidents as almost 95% right.
Here is how i rate the current top candidates and their spouses for caring and compassion:
Obama=2. Spouse=-8.
McCain=4. Spouse=3.
Clinton=8 Spouse=6.


Posted by: Robert Le | Feb 7, 2008 7:59:19 PM

RESPONDING TO GREG JONES.

If Barak Hussein Obama wins the democratic nomination then Women, me included, will leave the democratic party in droves and VOTE REPUBLICAN. I will actively support John McCain for President.

I don't trust Hussein-Obama, he has no experience, he's arrogant and I will do what I can to make sure he does not win.

Posted by: Nan | Feb 7, 2008 7:54:23 PM

ATTENTION HILLARY SUPPORTERS....IMPORTANT NOTICE:

Due to the under-handed tactics and inner-party polarization of Hillary Clinton, millions of Obama supporters WILL NOT support her should she become the nominee. This, in part, is due to the fact that many feel that she is already trying to cheat her way to the nomination by claiming victory in Michigan and Florida. Hillary Clinton has totally alienated even her own party members. This is sad....but true. She will not win the Presidency without full Democratic support. Your continued support for Clinton is actually a vote for McCain. Sorry.....these are just the facts, which were expressed today via a national call-in radio show! The really sad thing is....we used to like the Clintons !

Posted by: Greg Jones | Feb 7, 2008 7:25:48 PM

Um...quite frankly the Obama Maniacs are starting to concern me. Betty for example.

Posted by: Stop the Mania | Feb 7, 2008 6:14:45 PM

Where did Hillary get five million to loan her campaign after 35 years of public service fighting for the poor? I would guess she used most of the eight million from her book deal. If she is such a good writer, why not release her whitehouse papers without Bill going through them first?

Hillary wants to help the poor by giving them "universal" health coverage. The word "universal" meaning, wage garnishment if you elect not to get it and the government deems you able to pay for it. Thanks but no thanks.

Hillary votes for the extra billions in the stimulus package, part of which they wanted to help people facing foreclosure. You bought a house, now you can't pay for it, and you want me to incur more of a national dept to help you pay for it? RENT!

Some of you like to quote the experience she has over Obama. He was a state senator in IL from 1996-2005, till he won a senate seat in Washington. That totals 12 years of ELECTED service. Hillary was elected in 2000, so that gives her 8 years of elected service. She never won one election before then, she just rode on Bill's wagon. What experience are you quoting? First lady of Arkansas, or First Lady of White House? She has more experience shaking hands than Obama, you got him there.

OBAMA 08

Posted by: Tired | Feb 7, 2008 6:07:57 PM

Get your head out of the sand and stop watching all cable news programs. The only 1/2 way objective actual news report is the PBS News Hour, except when they use Brooks and Shields for punditry. The punditry is so pathetic. If Barack will not come to the debate, Hillary should definitely debate all the remaining Republican candidates. The idea that Clinton loaned her campaign 5 mill as a stunt and held Jan contributions to just 13 mill as a stunt is ludicrous. Could we please have a few journalists who could just go out and get the news and report it instead of thinking it is there job to tell us how to analyze the news and what to think about the news. Jangles

Posted by: jangles | Feb 7, 2008 5:53:05 PM

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