Wednesday, September 24, 2008

McCain Takes Gamble. Suspends Campaign.

If Obama does not follow suit, it could be a game changer. My guess is that he will, but McCain gets credit for doing it first.

MCCAIN: 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' 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.

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7 comments:

OPEN REAL DEBATES said...

Will you accept the scripted Presidential 'debate' again?
Brought to you by your 'good friends' at Wall Street.

No Paul or Nader Main Street USA,
nor Cynthia McKinney.

Anonymous said...

Obama is probably kicking himself for not being seen as the one more concerned with the country than with his campaign. I would love to see him show up at the debate by himself on Friday. Question is, would he know it was time to leave the stage when they turn the lights off?

Jen G said...

I find this all very annoying. This is one of those moments that is so unexpected that the voters (yes, that means you guys) just hop on the bandwagon of the candidate they support. If the tables were turned, if Obama had been the one to call for a campaign suspension, then the McCain supporters would have balked at his audacity. Seriously, I bet that if there had been a nonpartisan poll conducted a week ago (BEFORE any candidate suggested it) that asked voters if THEY thought that the campaign should be suspended in order to allow the candidates time to return to their congressional duties, the answer would have been a resounding NO. This is one of those political moments that makes me sick - voters blindly supporting their candidates to show unity, rather than thinking independently and, heavens, no!, disagreeing with their candidate.

Adelita said...

It shows leadership. Setting aside ones agenda for country. Had Obama been the first to suggest it, I would have supported him. Am I voting for Obama? No. But thanks for lumping us all into "blindly supporting our candidate!"

Shannonymous said...

I think it's a total hail Mary and is going to bite him in the @ss. And as Obama said, a president should be able to do two things at once!!!

Anonymous said...

This situation serves to underline the fact that the campaign is not only more important to Obama but it is his primary talent. Heaven forbid that he stay in Washington to actually do something other than make speeches and manage a campaign! This is a 9/11 sized national emergency as far as our economy is concerned and it needs to be dealt with in a hurry. It's not simply a matter, as some believe, of how to hold someone accountable for the mess. It's way more complicated than just taking away someone's "golden parachute" (although that is one of the things that must be done in the process). The economy of our country and most (if not all) of the world is hanging in the balance right now. Politics be damned!

Patricia said...

It looks as though McCain has caved in to the pressure of the political game and will join Obama in the debate. They both had a chance to prove their leadership abilities by getting members of both parties to come together and they both blew it. It is a huge disappointment to me that running for office is more important to them than the state of the economy. Many people stand to lose everything and most people stand to lose quite a lot, if not everything. So here we are again, trying to figure out which is the lesser evil to vote for.