STATEMENT BY JOHN MCCAIN ON STRENGTHENING OUR ECONOMY

U.S. Senator John McCain today issued the following statement on improving our nation's economy:

"I am pleased with the passage of the economic stimulus package. Timely action is the key to improving our economy, and I am glad that we were able to pass the measure promptly. The bill is not perfect, but it faithfully reflects both mine and the President's principles of providing tax relief for families and businesses. Additionally, the bill provides mortgage assistance to homeowners in need. I am proud of my Republican colleagues who were able to defeat efforts to weigh down the legislation with irresponsible expansion of government spending.

"Senators Clinton and Obama have a plan to raise taxes and government spending -- that is the wrong way forward. This November, voters will choose between my vision for lowering taxes, cutting spending, and restoring fiscal responsibility, and the Democrats' tired ideas of raising taxes and increasing frivolous spending."