Why does Sen. John McCain (R-AZ) hate Christmas?

The Arizona senator slammed President Barack Obama on Thursday for buying Christmas gifts for his daughters instead of meeting with the House Republicans who are refusing to pass a payroll tax cut extension.

"The four previous presidents I served under, including President Clinton, would be calling them over to the White House and sitting down with them and looking them in the eye and saying, 'Look, we need to fix this,'" McCain told CNN's Ali Velshi.

"The Republicans are losing this fight. We need to get back on track. There is no doubt about that," the senator admitted. "But I think it requires some presidential leadership as well as a little bit of bipartisanship."

"In times like the past, in the past, four presidents that I served under, they have exerted a lot more leadership than going shopping."

A two-month extension of the payroll tax cut was passed with the bipartisan approval of 89 senators -- something that is almost unheard of on serious legislation -- but House Republicans are demanding that cut be extended for a year. Americans' taxes will automatically go up if a bill is not signed in the next week.

Watch this video from CNN's American Morning, broadcast Dec. 22, 2011.