Tags: John McCain | Economic- Crisis | 2012 President Race | McCain | Fed | Up | Party

John McCain Predicts ‘Fed-Up Party’ Will Emerge

Wednesday, 09 Nov 2011 02:17 PM

By Paul Scicchitano

Sen. John McCain, who led the GOP presidential ticket in the last election, now warns that the current wave of voter frustration is likely to give way to a new political party he calls the “Fed-Up Party.”

Speaking at the Reuters Washington Summit on Tuesday, McCain did not speculate as to whether the new party would be based on a conservative, liberal, or centrist agenda.

“I think a Fed-Up Party,” he declared, according to Politico.

As the ranking Republican on the Senate Armed Services Committee, McCain worried that his own party is not doing enough to stem concerns over the growing economic divide between poor and wealthy Americans.

“The party, I think, has got to be a lot more responsive to the plight of the people,” McCain said, as reported by Reuters. “I think we have to weigh in far more heavily on the side of things like reforming the tax code. If we reform the tax code, then many of these large corporations that paid no taxes last year . . . maybe they would.”

McCain stopped short of endorsing the emergence of a third political party or saying that he might one day part ways with his Grand Old Party.

He described the tea party as a movement that is receding and doesn’t expect to see a tea party candidate in the White House any time soon.

“The tea party was a movement, not an organization, as we know. And so they’ve kind of receded,” he says. “There was never any permanency to them.”

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