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McCain Suspends Campaign to Help With Bailout

Original post made by tj on Sep 24, 2008

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.

"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.Web Link

Comments (4)

Posted by michael D, a resident of Palo Alto High School
on Sep 24, 2008 at 1:26 pm

This is history in the making!

McCain taking ads downWeb Link

Aiming to prove how serious he is about addressing the financial crisis, John McCain has instructed his staff to take all his campaign commercials off the air, a spokesman tells Politico.

"As John McCain said, now is the time to put partisanship aside and come together to do the work that the American people expect," said Tucker Bounds.

McCain aides are now in the process of contacting TV station across the country to get their ads taken down, according to Bounds.

Asked how long they would go dark, Bounds only said: "We're taking our guidance from Sen. McCain on that."

Obama will have the airwaves to himself, is that a good or a bad thing?

Posted by Joel, a resident of Charleston Gardens
on Sep 24, 2008 at 1:35 pm

McCain and Obama have a job in the U.S. Senate, a job they are well paid to do.
Both have been ignoring that job for quite some time, or at least putting it on the back burner.
Maybe right now they need to be doing the job they have rather than auditioning for the job they want.

McCain, regardless of how you view him in relation to individual issues, has always put country first.
He walks the walk.
Just the way he would rather lose an election than lose the war, he would rather lose an election than lose the economy.
I respect him for this decision and I think it will benefit him in the end.
It's not as if people haven't gotten enough campaigning anyway.

Posted by Left of Boom, a resident of Another Palo Alto neighborhood
on Sep 24, 2008 at 2:06 pm

Left of Boom is a registered user.

This is a smart move for McCain. He's losing whenever he talks about the economy. Every day he makes another blunder. So why not suspend any discussion of it.

If Obama follows, McCain looks like a Statesman and Obama a follower plus he can stop talking about the economy or answering any questions about it in the debates. A pretty good gambit and it will be interesting how this turns out. McCain will probably not talk about the economy even after the bailout package is passed. Why expose your weakness?

Posted by Walter_E_Wallis, a resident of Midtown
on Sep 24, 2008 at 3:58 pm

Walter_E_Wallis is a registered user.

Someone here whined about Palin not doing her job, now look at the other side of of the coin.

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