McCain Suspends Campaign to Help With Bailout Issues Beyond Palo Alto, posted by tj, a resident of the Old Palo Alto neighborhood, on Sep 24, 2008 at 1:07 pm
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
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 member (registered user) of Palo Alto Online
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?