« Second, Slightly Softened Winner Smear Video Emerges | Main | Obama: I Am Such a Leader That I Will Defer to Harry Reid and Nancy Pelosi As to Whether I Actually Need to Show Up To Do My Job As Senator »
September 24, 2008

McCain's statement on Financial Crisis/Suspension of Campaign

Many seem to think this will help McCain politically.

Personally, I don't. Which doesn't mean I don't approve of his decision -- I do. This is important.

But I actually think this is a statesmanlike move without much of a political upside.

If anything, McCain needs campaigning more than Obama right now. Obama wouldn't mind keeping the campaign in stasis for a while. He's ahead.


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.

Last Friday, I laid out my proposal and I have since discussed my priorities and concerns with the bill the Administration has put forward. Senator Obama has expressed his priorities and concerns. This morning, I met with a group of economic advisers to talk about the proposal on the table and the steps that we should take going forward. I have also spoken with members of Congress to hear their perspective.

It has become clear that no consensus has developed to support the Administration’s proposal. I do not believe that the plan on the table will pass as it currently stands, and we are running out of time.

Tomorrow morning, I will suspend my campaign and return to Washington after speaking at the Clinton Global Initiative. I have spoken to Senator Obama and informed him of my decision and have asked him to join me.

I am calling on the President to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself. It is time for both parties to come together to solve this problem.

We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved. I am directing my campaign to work with the Obama campaign and the commission on presidential debates to delay Friday night’s debate until we have taken action to address this crisis.

I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to achieve this is temporarily set politics aside, and I am committed to doing so.

Following September 11th, our national leaders came together at a time of crisis. We must show that kind of patriotism now. Americans across our country lament the fact that partisan divisions in Washington have prevented us from addressing our national challenges. Now is our chance to come together to prove that Washington is once again capable of leading this country.

On the Other Side of the Issue: Michele Malkin? Not a fan of the bailout. And connects the debacle to illegal immigrants.

digg this
posted by Ace at 05:22 PM

| Access Comments




Recent Comments
J.J. Sefton: " Merkin Fluffer. Bloody disgrace. ..."

Roc Ingersol: "For 32 million, Oreilly had to have denied her a j ..."

Witwickian Sage (muh IP code is : "I wonder how fucking Sessions can recuse himself f ..."

dagny: "[i]Laura Ingraham is allegedly "terrorizing" Fox s ..."

Insomniac - Getting Microaggressed on the Daily, Yo!: "I wish these vapid, under-talented, overpaid atten ..."

Richard Gere: "Well after that spastic full body dry heave set to ..."

The FNM: "Laura Ingraham is allegedly "terrorizing" Fox staf ..."

Marcus T, Disappearing Comment Man: "Time to pig pile on O'Reilly. Oink! ..."

18-1: "Oops, stupid sock. ..."

illiniwek: ""bring charges and get convictions against some of ..."

Slumber'n Sessions: " but the NYTimes reports that he settled a co ..."

Steve and Cold Bear: "4 ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64