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McCain suspending campaign to deal with financial crisis | Ohio politics
 

Home > Blogs > Ohio politics > Archives > 2008 > September > 24 > Entry

McCain suspending campaign to deal with financial crisis

Republican presidential nominee John McCain said Wednesday, Sept. 24, that he’s suspending his campaign to return to Washington to deal with the nation’s financial crisis. He also said he wants to delay Friday’s scheduled debate with Democrat Barack Obama. McCain is also suspending advertising and fundraising, according to his campaign.

According to the Associated Press, both candidates held private talks about joining forces to address the Wall Street meltdown. The Obama campaign said they initiated the talks, but McCain made the first public statement calling for the two to rise above politics to deal with the crisis.

UPDATE: This is from Obama’s campaign:

“At 8:30 this morning, Senator Obama called Senator McCain to ask him if he would join in issuing a joint statement outlining their shared principles and conditions for the Treasury proposal and urging Congress and the White House to act in a bipartisan manner to pass such a proposal. At 2:30 this afternoon, Senator McCain returned Senator Obama’s call and agreed to join him in issuing such a statement. The two campaigns are currently working together on the details.”

UPDATE TWO: Obama, in a press conference, said he does not want to delay the debate. “It’s my belief that this is exactly the time when the American people need to hear from the person who, in approximately 40 days, will be responsible for dealing with this mess.”

What do you think of this decision?

Permalink | Comments (56) | Post your comment |

Comments

By Alice

September 25, 2008 12:21 PM | Link to this

More pandering for the voters. While McCain was “suspending his campaign” to go to Washington he was actually in NY preparing for an interview with Katie Couric. The deal is almost done, delaying the debates has no effect whatsoever on this financial crisis. “As far as how we got in this mess, you can tell by the comments of some that the Obama supporters really don’t care to know, partisanship is much more important to them.” (TRS) Funny how it’s important to look for blame in regards to the financial crises but when it comes to the war, it’s not about how it started, it’s about where we go from here. The dems are not calling for an investigation because absolutely both parties can share some of the blame for this, both need to take responsibility. But that’s the point - McCain’s campaign wants you to believe that he’s been fighting his own party for the last 26 years as a true “maverick”, but he supported Bush 95% of the time! If you like the job Bush has done and you support McCain in the same way, then own up to it and see how far it gets you. His bump in the polls has not been because voters think that Bush was right all along, but because his campaign has successfully detached themselves from the very party and administration McCain has been voting with. That’s been his party for the last eight years! I’ll agree that McCain has at times in the past fought the unpopular fight so he should be a man and take some responsibility for the unpopular fight now instead of blaming everyone else for some non-existent liberal conspiracy. “And on the transcendent issues, the most important issues of our day, I’ve been totally in agreement and support of President Bush.” - John McCain. Politicians suck, and the inaction for the last eight years have given us two records to compare and choose from (unless you’re voting for another party that has no chance of winning): eight years of really bad policy on one side, or almost two years of no policy and a promise. It may not be the perfect choice, but I’ll choose the latter.

By Glus

September 25, 2008 7:47 AM | Link to this

I don’t disagree with McCain going back to Washington to push the do-nothing congress but to suspend his campaign? That is one bone headed move that could cost him the election. Obama and the mainstream media will have a field day with this. Cindy and Sarah should still be out there on the campaign trail.

By James J. Mignerey

September 25, 2008 7:32 AM | Link to this

“only comments were they used bad judgment.”(TRS) Hmmmm? Sterling credentials for a Presidential candidate. Seems to be a lot of that going around in the McCain campaign. Bad Judgement??? Iraq - No problem. They will welcome us a liberators. They will pay for the war with their oil money. It will be over very quickly. We don’t need a lot of troops to win in Iraq. Iraq is where the terrorists who attacked New York are centered. Let’s keep on wasting 10 Billion a month indefinitely. Afganistan can wait, the real threat is Iraq. The Economy - Just peachy. No wait, no it isn’t, I’m not sure. Phil says we shouldn’t whine. Fundamentally sound except when it is about to fall into a great depression. Can’t debate. Hell no. I would have to account for my 26 years of doing what Wall Street and Phil Gramm told me to do. Vice President - She can field dress a moose. Duh! What further qualifications does she possibly need? And don’t any of you nasty reporters dare ask the poor frail thing a question. She might actually give an answer and Lord knows what could come out of her mouth. No, can’t be trusted to hold a press conference. But she certainly can be trusted to be the leader of the free world. TRS, have you ever really thought about the pure lunacy involved in the people you would vote for?

By mike

September 25, 2008 6:57 AM | Link to this

bait and switch republican idiot tactics when they dont have a clue on whats going on out side of the elite class the fools think there in!!! the republican ticket is the BRIDGE TO NOWHERE

By VietVet

September 25, 2008 6:42 AM | Link to this

Last night,Bush mentioned the time frame of 10 years for the financial crisis. His 8 year admin.(with 6 years of Repub control of Congress) has failed to address the situation and are now desperate to solve it.It is Bush’s dilemma due to his regulators that were asleep at the wheel and not monitoring/addressing the loan fiascos.Repubs need to learn to own up to their mistakes but their egos won’t allow this. Saw an interview with Palin- she offered very vague/generalized answers. She is in big trouble in the VP debates.No in-depth substance/knowledge to her at all. She is a little league player in a major league environment.She will embarrass the Repubs as Dan Quayle did years ago.It will be a sad day, as is every day, to be a Repub.

By Jammin

September 25, 2008 5:12 AM | Link to this

Hmmm! I could have sworn just a couple of years ago this Bush fellow was saying the economy was “Steady and Strong.” Meanwhile, in the breakrooms and at the water coolers the average Joe knew something was wrong.Who voted this guy into the presidency anyway??

By Dak

September 25, 2008 1:39 AM | Link to this

I still can’t believe McCain said “the fundamentals of our economy was strong”, then he said a couple of days later he would fire the SEC chairman which is nominate by the president “but cannot be remove by the president”. For some reason I have little faith in McCain he’s making to many errors in speaking and then backtracking to fix his errors. And by the way did you hear what Pailn said if you don’t vote for McCain will be in a depression, why is this woman always using fear all time? And she has not given a interview yet, she’s only answer three questions from three reporters in four weeks. Why do they keep walling her off from reporters? Why is the media putting up with this ?

By TRS

September 25, 2008 12:21 AM | Link to this

Apparently Senator Obama is trying to vote “present” again. His response “call me if you need me”. Fortunately it does look like both candidates will be going to the White House tomorrow to see if they can iron the details out. As far as how we got in this mess, you can tell by the comments of some that the Obama supporters really don’t care to know, partisanship is much more important to them. Their “shoot 1st and ask question later approach” is what can be expected from some who are nothing more than emotionally out of control and angry demogogues. Perhaps some day they will grow up. At some point it will all come out that the Democrats are up to their neck in this and the Republicans are culpable as well. Again - have you heard the Dems calling for an investigation? Hardly, because they know some of their own will be named. It is an equal opportunity screw up of the largest degree. As for the debate, since it isn’t a speech, Senator Obama is not in his best element. He didn’t particularly distinguish himself in the Democratic debates as it was thought Clinton and Edwards always did the better job. If he were so good, why didn’t he take McCain’s offer of multiple town halls where both could present their ideas? I don’t think Senator McCain has anything to fear nor is he a coward - what a stupid comment - grow up! Both candidates have their strengths and weaknesses in such a format. By the way, I googled Keating 5, McCain and Glenn exonorated of any wrong doing - only comments were they used bad judgment. It was thought at the time that this was done because the Democratic Senate didn’t want to have only looking bad; however, Cranston was censured and Reigle and DeConini, all Democrats, were found to have improperly interferred.

By James J. Mignerey

September 24, 2008 11:58 PM | Link to this

“It is the right thing to do. Lets get the country going again so that we can afford an election in 6 weeks.” (CFNeuman) Ah, CF, wouldn’t it have been a better idea to have done “the right thing” eight years ago and kept these thieves out of the White House? Might have even built on the surplus Bill Clinton left after his bountiful eight years. And all those soldiers wouldn’t have had to give up their lives needlessly, and maybe even a real president would have paid attention to the warnings about Bin Laden which the White House had prior to 9/11. But YOU didn’t do the “right thing” and America is in a hell of a mess. Maybe you can find a moose killer to save us.

By James J. Mignerey

September 24, 2008 11:49 PM | Link to this

Quote from former Republican congressman, Mickey Edwards: “Oh, brother. What idiot came up with this stunt? It ranks somewhere on the stupidity scale between plain silly and numbingly desperate. McCain and Obama are both members of the senate and they’re both able to help craft a solution if they wish to do so without putting the presidential campaign on hold; after all, I’m sure congressional leaders would be willing to accept their calls if they have some important insights to impart. And while one of them will eventually become president, neither one is president yet, nor is either one a member of the congressional leadership; I’m confident that somehow the administration and the other 533 members of congress will be able to muddle through without tapping into the superior wisdom and intellect of their nominees. Sorry, John; it really sounds like you’re afraid to debate. This sounds like the sort of ploy we used to use in junior high school elections.” Gee, maybe THAT’S where Palin fits in?

By Impartial Judge

September 24, 2008 11:18 PM | Link to this

The Dems on this board are amusing. Such hyperbole, always blame, never a solution, and true to the empty suit from Columbia that is a token for the former Clinton administration returning as Act 2- no thanks. McCain is a patriot. You people don’t realize if this sector collapses, you’ll have foreclosure after foreclosure devaluing your home. You won’t be able to borrow, nor will your company. Infation will be 10%, unemployment 10%, and it will take the US 50 years to recover, while North Korea, Iran, and Russia are building an arms race. That is the magnitude of this problem. Rasmussen once again nut Dems, has this race 47-47 TODAY. McCain ahead or even in all key states. People know this mess was not Bush’s making, nor McCain’s, but politics as usual, which McCain will shake up. The same talking pts over and over shows a lack of thought, credibility, and pure ignorance. HRC got it right, Obama brings nothing to the table. And while McCain is willing to tackle the problem, Obama wants to campaign. What a change artise he turned out to be. Hell, we all know he’s just an educated man with a nice manner of speaking. No experience, no substance, all style. Not one of his programs will be implemented, but you Dem whacks think he’ll be passing out $1000.00 bills. Nuts!

By Jim

September 24, 2008 10:58 PM | Link to this

I heard tonight that McCain wanted to postpone the debate on Friday and move it back to the date of the Vice Presidential debate. They know they have a landmine with Palin. Once she goes on TV for an hour and half, the genie will be out of the bottle, and the American people will know they’ve been duped by John McCain.

By james

September 24, 2008 10:55 PM | Link to this

Mr McCain did the right thing. Return to Washington and deal with a crisis.

By Kim

September 24, 2008 10:26 PM | Link to this

Jason, you are such a dummy. McCain is a chicken. He’s afraid to stand up to Obama, and admit that Bush, the Republican Party, and the Republican Congress have screwed up America, after they screwed up Afghanistan and Iraq.

By JG

September 24, 2008 10:23 PM | Link to this

Anyone in Ohio who votes for McCain is seriously, seriously out of touch with reality. The Republicans are supposed to be the fiscal responsiblity party. Look at what they’ve done to America. Our national debt is heading towards 11,000,000,000,000 dollars. Bush is responsible for all the highest budget deficits. The Afghan and Iraq Wars, which have lasted 7 and 5 years, have cost a trillion. And now Bush wants us to bail out the billionaires on Wall Street, to the tune of 700,000,000,000 dollars. Bush didn’t admit that he was at all responsible for what has happened. The man is a sociopath. He had nothing to do with it. Spit.

By Jim

September 24, 2008 10:01 PM | Link to this

Remember this isn’t McCain’s first experience with bailouts. Google: Keating Five, and you’ll find out that McCain has been down this road before.

By Beth

September 24, 2008 9:41 PM | Link to this

I think it’s the dumbest thing I’ve heard yet. Sounds like he’s a little worried about the debate & thinks if he pulls a stunt such as this he can get out of it & still look like he’s doing something positive. The election will be held whether he campaigns or not…he needs to sell his policies, not cater to emotions. I think it shows a manipulative mindset. I hope the American people are smart enough not to fall for it.

By Jim

September 24, 2008 9:37 PM | Link to this

McCain had flipped and flopped like a fish since last Monday, while Barack has shown calm and cool restraint, and thoughtful deliberation. It’s becoming obvious McCain doesn’t have the temperment to commander in chief. And of course Sarah Palin is nothing more then a side show.

By Jim

September 24, 2008 9:27 PM | Link to this

All we get out of McCain is political gimmicks. Palin first, and now him wanting to bail out of the debate. You notice how they’re keeping Palin away from the press. Everytime she speaks, she shows what a fool she is. Pretty soon the Genie is going to get out of the bottle and everyone is going to know how incompetent Palin and McCain really are. George Will said yesterday in his article that Obama was the best choice.

By mwm

September 24, 2008 7:57 PM | Link to this

As stated,McCain is a coward. He chose Palin, just to hide behind her. He chose to go to washington, when his presence is not required. McCain is avoiding the campaign. He is down in the polls, lacks the ability to debate Obama and is associated with the republican party…considered at this time, a vile and evil organization. It is sad to see a veteran like McCain that is so cowardly.

By Dan

September 24, 2008 7:46 PM | Link to this

Alfred E. Newman Your wit amazes me and your facts are too impressive. I can see why Ohio and Dayton are in such fine shape. I pray that your 401k is secure, your pension plan is safe and your job security beyond expectations. Good luck. I think you will need it.

By CFNeumann

September 24, 2008 7:24 PM | Link to this

LOL, you are a certified moron …

By James J. Mignerey

September 24, 2008 7:14 PM | Link to this

It seems that by looking at the ocmments posted by CFNeumann, we have an accurate gauge on the type of thinking which gave us George Bush and all the calamities he has brought on our country. Now he wants to saddle our country with four more years of mismanagement and corruption. Your scripted comments form Republican Central have all the effect of a sarah Palin news conference. Wait a minute, she isn’t trusted to have a news conference. Oh, I know, she is too busy trying to solve the banking and housing crisis. CF, is McCain and Palin really the best you can do? Haven’t you learned anything from these last eight years? For crying out loud, grow up and admit you folks screwed up. Everyone know it. Why are you so afraid to admit it? I guess if I had been party to killing 4100 of our best young men, I wouldn’t want to admit my responsibility either. Whether it be sending our young men to be killed for lies or running our mighty ecomony on to the rocks, you Republicans are quite good at cause but refuse to accept the blame when it all goes wrong. Grow up!

By CFNeumann

September 24, 2008 6:48 PM | Link to this

James J. Mignerey, you are misinformed: The Community Reinvestment Act was passed into law by the 95th United States Congress in 1977 as a result of national grassroots pressure for affordable housing (Carter was President). In 1995, as a result of interest from President Bill Clinton’s administration, the implementing regulations for the CRA were strengthened by focusing the financial regulators’ attention on institutions’ performance in helping to meet community credit needs. These revisions[1] with an effective starting date of January 31, 1995 were credited with substantially increasing the number and aggregate amount of loans to small businesses and to low- and moderate-income borrowers for home loans. (Clinton was President).

By James J. Mignerey

September 24, 2008 6:32 PM | Link to this

“McCain suspending campaign to deal with financial crisis” McCain. For 26 yeras he did everything in his power to create the problems which have come home to roost here in the past few months and weeks. He has no idea what he did or any idea as to how to stop what he did. Showing up in Washington for a photo op will interrupt the business of real people who are trying solve the problem he and Bush and Gramm created. Let him get his elite butt into the debate and try to explain how he wasted 26 years of his life in making wrong judgments which have brought our country to the brink of another Great Depression. You want to be President, sen. McCain, then multi-task. The world can’t stop because you can’t explain how you screwed up.

By CFNeumann

September 24, 2008 6:18 PM | Link to this

LOL, nObama thinks legislating is voting PRESENT. I can see why it takes him several days to bone up on the foreign policy debate. He doesn’t know anything about it. Perhaps he needs to get a crash course from Palin?

By rambler

September 24, 2008 6:08 PM | Link to this

If he can’t walk and chew gum at the same time (legislate and debate) why do we think he would be any different that the one track guy we have now?

By CFNeumann

September 24, 2008 6:06 PM | Link to this

Dan: the unemployment in OH stems from OH, not the US. Strickland, the moron Democrats here insisted on becoming Governor, is the root of that cause. Mayor McHat is the root of the dying cities issue. I am sure she prefers to be #1. Referring to you as a moron is either too harsh or not harsh enough. The ball is in your court …

By CFNeumann

September 24, 2008 5:59 PM | Link to this

daclearthinker: Obama is afraid to take a stand during this economic crisis that was created by the Democrats. Any moron can go to a debate any spew gibberish. It takes a real man to face the problem and try to fix it. I am sure that nObama will vote PRESENT for whatever decision the adults will make prior to next Monday.

By Dan

September 24, 2008 5:56 PM | Link to this

CFneuman it is your life. I must have struck a nerve to be called a moron.

By daclearthinker

September 24, 2008 5:55 PM | Link to this

I never thought a so-called hero would be scared to go man to man. The GOP has become pathetic and corrupt. McCain is being a COWARD.

By daclearthinker

September 24, 2008 5:55 PM | Link to this

I never thought a so-called hero would be scared to go man to man. The GOP has become pathetic and corrupt. McCain is being a COWARD.

By daclearthinker

September 24, 2008 5:54 PM | Link to this

I never thought a so-called hero would be scared to go man to man. The GOP has become pathetic and corrupt. McCain is being a COWARD.

By CFNeumann

September 24, 2008 5:53 PM | Link to this

To Dan: the cause of the problem stems from the Carter & Clinton years. That would mean that you called those two Presidents terrorists. You are a MORON!!!

By Dan

September 24, 2008 5:48 PM | Link to this

I love all the choice jobs you Ohioans have. And your low unemployment of 7.2% impreesses the devil out me. Your ranking of #4 out of 10 list of the most dying cities in the US. Yes, please vote Republican for a prosperous future of high unemployment and those checks that last for only 6 months. As for those nasty terrorist who are out to get us, they just struck in the form of Wall St. bankers, so let us reward them for their bad behavior. Please vote republican, because it is you and your families future for years to come.

By Lincoln

September 24, 2008 5:39 PM | Link to this

McCain is a class man who appreciates the garvity of this financial mess apparently more so than the moronic views posts about the Chosen One from Mohammed. It would make sense to focus on the bill and the solution in contrast to speculation about it. These problems are all democratic outcomes from the Clinton WH- deregulation, subprime loans. But in typical fashion, they blame, blame, blame. Guess what voters? Nobama can’t pay for anything he promised; no socilaized medicine, no college tuition support, no $1000.00 cash from income redistribution. He wants to debate because he’s been in the luxury suite all week in Florida prepping. McCain is the patriot, Nobama, a token. CNN will get over the rating boost. Good move John, get the bailout formulated, more important than Obama having to prep again in a week. How pn earth anyone supports this novice named Obama is beyond the realm of intellectual honesty.

By Barry

September 24, 2008 5:09 PM | Link to this

Actually I think Palin has been in class being brought up to speed on some things. Even considering the hatchet job the editors did with her Gibson interview a couple of weeks ago she still sounded better then Bidon has the last couple of times he has been out speaking. Maybe Obama ought to put a leash on him. Or not, I really liked the whole idea of tax increase=patriotism, that had a nice ring to it.

By CFNeumann

September 24, 2008 5:06 PM | Link to this

It sure would be nice to be able to format paragraphs with these comments!!!

By Ed

September 24, 2008 5:03 PM | Link to this

“Proud Republican” @ 4:35— John “I don’t know much about the economy” McCain has to go to Washington to fix the financial crisis. Has he owned up to his role in deregulating the banking industry yet? What a joke.

By CFNeumann

September 24, 2008 5:03 PM | Link to this

The problem: The Community Reinvestment Act was passed into law by the 95th United States Congress in 1977 as a result of national grassroots pressure for affordable housing (Carter was President). In 1995, as a result of interest from President Bill Clinton’s administration, the implementing regulations for the CRA were strengthened by focusing the financial regulators’ attention on institutions’ performance in helping to meet community credit needs. These revisions[1] with an effective starting date of January 31, 1995 were credited with substantially increasing the number and aggregate amount of loans to small businesses and to low- and moderate-income borrowers for home loans. (Clinton was President) A virus: Something that was embedded to cause a failure at a later date & time. 9/11: Due to the serious decrease in defense department spending, our guard was down due to lack of funding and we were attacked. I don’t know about you, but another democrat as President scares the hell out of me!!!

By Ed

September 24, 2008 4:53 PM | Link to this

I’ve got new for you Senator McCain- when you are president, crises will not occur on a schedule that is convenient for you. You’re going to have to learn to play the hand that you’ve been dealt. Indeed the campaign is occurring at a tumultuous time- that it is why it is so important for the American people to hear the views of the candidates. Don’t hide like your running mate’s been doing.

By Jim 5

September 24, 2008 4:47 PM | Link to this

McCain does not seem like the easily scared type, “bigrob”.

By jimmie

September 24, 2008 4:40 PM | Link to this

to bigrob - McCain may be many things but scared does not come to mind. After his experiences in the Hanoi Hilton, McCain must see Obama as nothing more than a p***y cat.

By CFNeumann

September 24, 2008 4:37 PM | Link to this

Hmmm, this would require nObama to take a stand. Of course he will object!

By Proud Republican

September 24, 2008 4:35 PM | Link to this

MCCAIN is a CLASS ACT. PUT ON YOUR LIPSTICK AND PREPARE TO GET DIRTY. The dem’s have made quite a mess of things. We should be glad that Obama doesn’t want to go back to Washington to help “fix” this, since him and his friends are a big part of the problem.

By PJ

September 24, 2008 4:29 PM | Link to this

For Shame on you McCain. We Americans are smarter than you think we are. We can see through this political stunt. It is sad that you are using this economic trouble as an opportunity for you to have a photo op of you looking like a leader. For shame!

By PJ

September 24, 2008 4:28 PM | Link to this

For Shame on you McCain. We Americans are smarter than you think we are. We can see through this political stunt. It is sad that you are using this economic trouble as an opportunity for you to have a photo op of you looking like a leader. For shame!

By bigrob

September 24, 2008 4:26 PM | Link to this

lol….mccain is scared…and rightly so….that Obama will blow his doors off…in any kind of debate…lol….run john run….go hide behind palins skirt

By bigrob

September 24, 2008 4:25 PM | Link to this

lol….mccain is scared…and rightly so….that Obama will blow his doors off…in any kind of debate…lol….run john run….go hide behind palins skirt

By Barry

September 24, 2008 4:24 PM | Link to this

actually according to the article it was the Obama camp that started the conversation. it is kind of scary how many people can’t read a few paragraphs and distill some facts out of it. I am still waiting on the Cthulu ticket to issue a statement on it’s party platform

By Jason

September 24, 2008 4:19 PM | Link to this

What? A politician putting the people and the country ahead of his own personal goals?? Thank you John McCain, how refreshing!

By Jason

September 24, 2008 4:19 PM | Link to this

What? A politician putting the people and the country ahead of his own personal goals?? Thank you John McCain, how refreshing!

By Jason

September 24, 2008 4:19 PM | Link to this

What? A politician putting the people and the country ahead of his own personal goals?? Thank you John McCain, how refreshing!

By Jason

September 24, 2008 4:19 PM | Link to this

What? A politician putting the people and the country ahead of his own personal goals?? Thank you John McCain, how refreshing!

By R. McPanse

September 24, 2008 4:17 PM | Link to this

A transparent stunt, plain and simple. Yesterday’s polls showed McCain losing ground big time as voter focus returns to the economy. Not a good time to go up against Obama in the first televised debate. The McCain camp thinks this makes their guy look presidential, but most people are smart enough to see this for what it is. Just you wait-some reporter will get suckered into writing a story about how McCain’s aides warned him that this move could be seen as chickening out of the debates but the decisive McCain wouldn’t hear it — after all, he’s all about country first. So he rushed back to Washington to find a way to get news cameras to show him looking useful. Total B.S.

By CFNeumann

September 24, 2008 4:07 PM | Link to this

It is the right thing to do. Lets get the country going again so that we can afford an election in 6 weeks.
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