McCain: Stimulus Bill has too Much Stimulus

Senator John McCain says there's too much stimulus in the Obama administration's economic proposals to stimulate the economy.

The Arizona Republican and former presidential candidate also complains that the plan was too aggressive and should be scaled back just enough to allow the 2012 GOP nominee to attack Obama for not doing enough to restore the economy.

Interviewed Monday on CBS's "The Early Show," McCain said that after the economy recovers the U.S. should "be on a path to a republican administration."

Instead, he says, the Democrats' plan would burden future generations of Americans with economic prosperity.

He says it's time for both parties to sit down and negotiate. He says the Democrats need to cave into his party's demands for more tax cuts for the wealthy.

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