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- Even on areas of common ground, there are tensions. Obama’s 2010 budget uses a cap-and-trade regime both to address climate change and to raise $645 billion in revenues. “It’s been very harmful to the whole issue of cap-and-trade,” McCain says. “I never looked at cap-and-trade as a way to increase revenues. … Never did I envision it would be a vehicle for raising $650 billion, which would just be a tax increase on the American people.”
- “There is no clear message,” he says of Obama’s Treasury. “They’re just sort of lurching from one crisis to another, and that’s the perception the American people have.”
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