Wednesday, September 24, 2008

McCain Suspends Campaign to Help With Bailout

John McCain announced that he will suspend his presidential campaign on Thursday to return to Washington to help with Wall Street bailout negotiations. He urged his opponent Barack Obama to do the same.
The Arizona senator also asked the Presidential Debate Commission to postpone Friday’s scheduled debate with Obama so that he can work on the financial crisis bailout plan now on Capitol Hill. The first debate had been set for Friday at the University of Mississippi in Oxford.
“America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees. If we do not act, ever corner of our country will be impacted. We cannot allow this to happen,” McCain said in remarks to reporters from New York.
Obama said he spoke earlier in the day with McCain, who suggested that they suspend the debate.
“I thought this was something that he was mulling over. Apparently this was something he was more decisive about in his own mind,” Obama said in a press conference scheduled late Wednesday in Florida where he was preparing for the debate.
“I believe we should continue to have the debate,” he said.
Obama said the issue is nonpartisan and he would not allow the bailout plan to become welfare for Wall Street executives or an opportunity for political ploys.
“There are times for politics and there are times to rise above then do what is right for the country. This is one of those times,” he said.
McCain said he will leave the campaign trail after delivering an address to former President Clinton’s Global Initiative on Thursday morning. He canceled a Wednesday afternoon taping of The Late Show With David Letterman show and a Thursday interview with FOX News. The campaign said McCain will also suspend airing all ads and fundraising until the legislation passed.
McCain would particpate in Friday’s debate if Congress passed an agreement by Friday morning, his adviser Mark Salter said.

I think it was a very good idea… I hope they can straighten this out thing. This is truly necessary and a good decision.
But Obama rejected. He said we could do 2 tings at the same time!
Yeah right... he can't even do one! This is why McCain should be president.


Chuck said...

It's a game of high stakes chicken. It's risky but I think McCain will win it. He's going to get flack for trying to pull a political stunt but Obama's going to look like a chump if he's standing on the stage alone and McCain is in Washington working.

Kris said...

I think this speaks volumes for Mccain. It shows what is important to him.


Marie's Two Cents said...

Well for one, the Liberal Lunatics would have you believe this was all a political stunt.

Not true:

McCain got a call from Lindsay Graham asking him to come back to Washington to Rein in the Republicans because they were not going to vote for what was on the table with the last piece of legislation.

Second, McCain wanted to put his own revisions in whatever piece of legislation they wind up with before anything is passed.

You know McCain, he wont vote for anything with earmarks in it.

This may seem like a brilliant move by most, but in essence it was a necessity.

McCain just proved he can lead: "He would rather lose an election before losing the Country"!

He is the Maverick :-)

Anonymous said...

I think it shows McCains' love for the country and the people. He could have easily done what Obama "didn't" do, but he took a stand and decided that this country comes before his presidency. A political stunt? I don't think so, I think that's just John McCain!