BREAKING: MCCAIN SEEKS TO DELAY DEBATE TO FOCUS ON ECONOMY »
Posted By Klarissa 1 year, 4 months ago in NewsNEW YORK (AP) - Republican John McCain says he's directing his staff to work with Barack Obama's campaign and the debate commission to delay Friday's debate because of the economic crisis.
In a statement, McCain says he will stop campaigning after addressing former President Bill Clinton's Global Initiative session on Thursday and return to Washington to focus on the nation's financial problems.
McCain also said he wants President Bush to convene a leadership meeting in Washington. Both he and Obama would attend the session.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
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Klarissa
Berkeley conservative. Don't ask to be my friend unless you have a real bio.Eat your dessert first, life is uncertain. Bridge player, water ...
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Klarissa1 year, 4 months ago
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NEW YORK (AP)—Republican presidential candidate John McCain met Wednesday with a panel of business executives to seek their opinions on the Bush administration's proposed $700 million bailout of U.S. financial markets.
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McCain said he wanted to discuss "how we can make sure that the American people regain confidence on Main Street so that they can regain their confidence in Wall Street and in Washington."
McCain renewed his insistence that the bailout deal have greater transparency, oversight and CEO accountability to make it acceptable to voters.
"Most Americans feel very strongly this isn't their fault. It's Wall Street and Washington and the cozy insider relationships that have caused a great part of the problems," he said.
Flanking McCain were former Massachusetts Gov. Mitt Romney, his one-time rival for the GOP presidential nomination, and former eBay CEO Meg Whitman.
Others in the meeting were John Chambers, CEO of Cisco Systems, and John Thain, the CEO of Merrill Lynch before it was acquired by Bank of America earlier this month for a much-reduced value.-
redtomatoComment removed: Spammer75 Replies
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Dionys1 year, 4 months ago
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More of the Palin chronicles.
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Anything to avoid a debate where one has to actually talk about serious issues.
Can't this man do more than one thing at once? Or is being able to only do one thing at a time related to computer-illiteracy? -
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obiefrommuskogee1 year, 4 months ago
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Palin gets blessed to be free of witchcraft in her political life:
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http://news.yahoo.com/story//ap/20080925/ap_on_el_...
Can this get any better? -
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Candida1 year, 4 months ago
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I find this a bit bizarre. Two days before the debate he suddenly wakes up to the crisis that has been developing for months if not years, and decides that his place is in Washington. Apparently, it is too urgent to participate in Friday's debate, but not too urgent to wait until after a speech on Thursday.
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"McCain said he would return to Washington after addressing former President Clinton's Global Initiative session in New York Thursday."
In the meantime Sarah Palin will stop campaigning too.
"McCain's running mate, Sarah Palin, was canceling her limited campaign events. Palin said in an interview with CBS Evening News Wednesday that the country could be headed for another Great Depression if Congress doesn't reach a solution."
http://news.aol.com/article/mccain-to-halt-campaig...
I wonder what exactly she is planning to do to avert another Great Depression. She is not a congressman, nor a senator, so what is she planning to do while McCain is in Washington. Is this the kind of VP she is planning to be? Whenever the president is busy somewhere, then she goes into hibernation? I've always thought that the VPs job is to pick up what is needed to be done when the president is not able to do it. This would be a great chance for her to show what kind of leader she is by stepping into McCain's shoes and leading the charge with the campaign. -
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GregD1 year, 4 months ago
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EngnrComment removed: Spam
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marklwisenbaker1 year, 4 months ago
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How convenient! McCain not only avoids the issues till it becomes politically expedient, press questions, and instructs Paylin NOT to answer questions; he now is using this opportunity avoid an important debate... Here's an Idea!! Have the debate (Well, just slightly different) Discuss your economic plan in detail so we the people may make a rational decision on election day... But i doubt that will happen. Republicans will stop at nothing to stay in power... Pathetic!
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wtagg1 year, 4 months ago
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It sounds like he now believes that the economy is a more important topic than foreign affairs and he has signed himself up for a weekend seminar on economics.
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In true good old US reactionism, the question should really be *Where were the candidates when the fire could have been prevented?*
So, we are going to rely on those that created the problem to solve it?
What is really sad is that there were many that raised warnings about what was happening and they were all dismissed as kooks and attention-grabbers. This is the type of stuff that gets Paul branded as a nutcase.
Just when one may think that we won't get more government from this admin, surprise! -
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Tangent0011 year, 4 months ago
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So McCain is gonna tie on his cape and transform from mild-mannered Mr. Deregulation to Econo-Man! Savior of the Financial Crisis!
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Ba-ba-da-DA! "Excelsior! Whhhhssssssh!" (runs around the room with arms pointing to the air)
Neither McCain nor Obama are on any of the committees hammering out this deal, BOTH are getting a special session with Bush at the White House today, the committees in question are already close to reaching a consensus, and a flash poll has found that over 80% of Americans want the debate to take place. McCain either has a really high opinion of himself (though a few months ago he said he didn't rerally know much about the economy), wants to make sure there adequate regulation (but not TOO much), is woefully out of touch, or is simply running scared.
I think what'll end up happening is that the debate will go forward, but McCain will attend via satellite (probably with his sleeves rolled up), making it appear he is Johnny-on-the-spot while his handlers are off camera, feeding him talking points. -
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hyperbola1 year, 4 months ago
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Actually McCain saw the polls saying his candidacy was going down the drain and decided to cut and run. Imagine him having the audacity to stand beside John Thain, with his $47 million golden parachute for 9 months of failure! Let us hope Congress has the sense to tell Bush and Paulson to stuff their "plan".
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Goldman Sachs Socialism
Wall Street put a gun to the head of the politicians and said, Give us
the money--right now--or take the blame for whatever follows. The
audacity of Treasury Secretary Henry Paulson's bailout proposal is
reflected in what it refuses to say: no explanations of how the bailout
will work, no demands on the bankers in exchange for the public's money.
The Treasury's opaque, three-page summary of plan includes this chilling statement:
"Section 8. Review. Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." In other words, no lawsuits allowed by aggrieved investors or American taxpayers. No complaints later from ignorant pols who didn't know what they voted for. Take it or leave it, suckers.
Both political parties may submit to this extortion because they don't have a clue what else to do and bending over for Wall Street instruction, their usual posture, seems less risky than taking responsibility. Paulson and Bernanke evoked intimidating pressure for two reasons. The previous efforts to restore investor confidence had all failed as their slapdash interventions worsened the global panic. Besides, the Federal Reserve was running out of money. Nearly three-fifths of the Fed's $800 billion portfolio is now loaded down with junk--the mortgage securities and other rotten assets it took off Wall Street balance sheets. The imperious central bank is fast approaching its own historic disgrace--potentially as discredited as it was after the 1929 crash.
Secrecy and opacity are crucial to achieve Wall Street's purposes. It could allow Paulson to overpay his old pals for near-worthless assets and slyly recapitalize the damaged banks while telling public and politicians the money is to save the system. To achieve this, Wall Street needs to keep control of the process whoever is elected president (the Wall Street Journal recommends John Thain, ex-chief of the New York Stock Exchange to succeed Paulson). Not everyone will be saved, of course, but high on the list of endangered nameplates is Goldman Sachs, Paulson's old firm. The high-flying investment house looks doomed by these events. The Fed quickly agreed to convert Goldman and Morgan Stanley into banks. Think of Paulson's solution as Goldman Sachs socialism.
http://www.propeller.com/story/2008/09/25/goldman-... -
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bbwright1 year, 4 months ago
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Okay...John Mccain is not flip-flopping anything. If this situation does not get taken care of immediately the economy will suffer even more. If we wait till we elect Obama will raise taxes causing us to be more in debt than before. Business will not be able to pay their employees more so they will not be able to pay their taxes. Basically more businesses will go under and people will not be able to pay taxes on time and will be penalized for it having to pay more money. Mccain is saying we can postpone the debate not not have it. He is wise and OBAMA SEEMS LIKE HE DOES NOT CARE!
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fuelmaster1 year, 4 months ago
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I DON'T THINK THAT THIS BAILOUT IS THE WAY OUT! MY THOUGHT ARE IF THEY JUST GET THE GAS PRICES UNDER CONTROL THEN THAT WOULD MAKE THINGS BETTER FOR US AMERICAN TO BE ABLE TO SPEND MORE AND DO MORE. THEN US FREEZING UP AND SPEND OUR HARD EARNED MONEY ON THING JUST TO TRY AND STAY ON TOP OF WHAT WE HAVE LIKE HOUSE PAYMENTS, GAS TO GET TO WORK , FOOD, AND EVERY DAY LIVE NEEDS. THIS WHAT I THINK WOULD SOLVE THE PROBLEM. WEBSITE (WWW.FUELFIGHTERS.NET AND SIGN) US AS AMERICANS NEED TO STAND ON OUR OWN TO FEET AND MAKE THAT CHANGE. WE WONT KNOW A LESS WE TRY!!!!!!!!! . THIS BAILOUT IS JUST GOING TO COST US MONEY!!!!!!. WE NEED CHANGE KNOW NOT IN 30 YEARS!!!!!!
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Klarissa1 year, 4 months ago
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McCain has stated repeatedly that the bailout package should not allow large payouts, called "golden parachutes," for executives at failing firms like Merrill Lynch. Asked whether he believed the panel of business titans agreed with him on that principle, McCain said, "I think this group of people are as knowledgeable on the financial status of America as any group of Americans that I can find."
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McCain planned to meet later Wednesday with foreign leaders in town for the opening of the United Nations General Assembly.
His running mate, Alaska Gov. Sarah Palin, was set to join him in a meeting with Georgian President Mikheil Saakashvili and Ukrainian President Viktor Yuschenko.-
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sailrComment removed: Retracted by user
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jordan111 year, 4 months ago
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McCain has stated repeatedly that the bailout package should not allow large payouts, called "golden parachutes,>>>>
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So has Obama. In fact, they agree on several things about this bailout. Obama asked McCain to join him in a bi partisan press conference to send their shared message to Americans and to Congress. Know what McCain did? He announced (the same day Obama suggested that) that he's going to stop all campaigning and rush back to WA. LOL, nothing 'partisan' there, right? McCain thinks he's Mighty Mouse". you know..."here I come to save the day.....". Good lord! -
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jovial1 year, 4 months ago
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Klarissa,
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If those ideas McCain had about not letting CEO's have golden parachutes were original ideas that came from him and not plagiarized ones, I might see some merit. The fact is all those objections were already raised before he even came on to the scene. Now it appears he wants to arrive like a knight in shining armor to save the day. The fact is that all these measures were already being discussed and him trying to rush in to take the credit is a slimy political tactic. He should be spending more time with his "On the job training" with Gov. Palin. -
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hyperbola1 year, 4 months ago
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Saakashvili and Yushenko!! We shouldn't forget that these two are the proteges of the ZionCons running McCain's campaign. This indicates that Palin and McCain cannot attract any serious foreign leaders and are reduced to bought puppets of the ZionCon traitors in our government.
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Georgian “democracy” owes more to Josef Stalin than Thomas Jefferson.
Georgia is not only the country that gave the world Stalin and his most violent henchmen, notably Lavrenti Beria and Grigory Ordzhonokidze. It is a country whose current first lady proclaimed that her husband was a worthy inheritor of those brutes. In 2004, Sandra Roeloffs, the Dutch wife of pro-American president Mikheil Saakashvili, told a newspaper in her home country, “Georgia has produced strong leaders: Stalin, Beria, Gamsakhurdia [the post-Soviet leader], even Shevardnadze before he became addicted to power. They looked further than Georgia alone. My husband does the same. He fits in the tradition. This country needs a strong hand. It is extremely important that respect for authority returns. I think my husband is the right person to frighten people.”
...It did not take long for the political situation in the country to spiral out of control. Okruashvili’s arrest caused large demonstrations against the Saakashvili government in early November. Vast numbers of heavily armed police were deployed to crush the revolt, and the demonstrators were severely beaten. Even though TV shots of this were broadcast on CNN, Saakashvili continued to be lauded as a democrat....
... It was against this background of rising political instability and plummeting political fortunes that Mikheil Saakashvili launched his midnight onslaught on South Ossetia on Aug. 7. He evidently thought, like the Argentine generals who invaded the Falkland Islands in 1983, that a short war of national liberation would boost his flagging support. He miscalculated. **** Cheney may have flown to Tbilisi to promise again that Georgia will soon join NATO in spite of the defeat and to commit forces to restoring Georgia’s territorial integrity, but Cheney will be out of a job by next January and so his promises are not worth much. And judging by the swiftness with which political justice is executed in Georgia, Saakashvili—who has probably now caused Georgia to lose her two secessionist regions forever—may soon follow him into early retirement, or worse.
http://www.propeller.com/story/2008/09/16/georgian...
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redtomatoComment removed: Spammer43 Replies
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epiphannyy1 year, 4 months ago
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Putting the country first? How do you figure? All he is doing here is putting himself first because he knows once he and Obama face off, he'll likely prove his inability to keep things straight and show his own inability to keep calm under pressure. When faced with challenge, McCain has a LONG reputation of throwing a tantrum rather than facing the issue. Even his friends say this. When he and Obama face off, we'll see one candidate who is capable of critical thought and able to defend his positions on issues and we'll see the other who leads with bumper sticker rhetoric and when put under pressure, shows a clinched jaw and perhaps a loss of composure instead of a calm and confident defense of ideas.
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McCain is in over his head and, with all his talk about town hall meetings, he really doesn't want to face off with Obama with a nationwide audience. The fact that he's using this crisis as a tool to try and delay the inevitable shows his hand more than had he come right out and asked for a delay with no reason behind it. There is no reason to delay the debate in order to deal with this crisis..even if this crisis needed them specifically to handle it, there's no need for a delay. As Obama said, a President should be capable of handling more than one issue at a time. And this really isn't even that huge of a juggling act.....to discuss the ideas you've perfected over the past couple of years for a couple of hours while also figuring out how to deal with the financial crisis - incidentally, one that McCain insisted didn't even exist less than a week ago when he said "the fundamentals of our economy are strong" when obviously they aren't.
If McCain wanted to put country first, he wouldn't delay the best venue for voters to see the real candidates and their abilities with so little time left to choose. Moving forward and being able to multi-task in a critical time would be putting country first. And guess what, only one candidate is proving to be capable of doing that, and its NOT McCain. -
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tanglang1 year, 4 months ago
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nostalgia1 year, 4 months ago
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If this situation is really as dire as they are saying - both candidates should be in DC
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Wasn't this debate about foreign policy???
Not many voters are going to be interested in hearing about foreign policy if Wall St is on the verge of a meltdown
I heard one suggestion that the debate be changed to the economy but I really don't think that would be helpful -
It is looking like this bill will not be passed this week, The candidates wouldn't really be able to address what is going to be in a bill that hasn't been written and passed yet
The economic debate needs to wait until some action is taken on this bailout-
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hyperbola1 year, 4 months ago
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Actually I would far prefer that they both go on TV, declare that the time of Wall Street corruption is over, and emphasize that if it will cost $700 billion in bail-outs, it is the American people rather than Wall Street crooks who should get the vast majority of the help.
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The Insanity of the $700 Billion Giveaway
T he banksters’ plan now is for icing on the cake – to take Mr. Paulson’ s $700 billion and run. It’ s not a “ bailout of the financial system.” It’ s as giveaway – to insiders, to sell out all their bad bets. Companies across the board will get rid of their bad mortgages, and also their bad car loans, furniture time payments, credit-card loans, student loans – all the debts that any competent actuary could have told them never could have been paid in the first place.
This is not what Treasury Secretary Paulson is acknowledging, and shame on him for it. Last Friday, Sept., he was joined by Fed Chairman Ben Bernanke singing in unison an advertising jingle for America’s new kleptocracy that rings so false that Congress and the American public must hear the off-notes. London’s Financial Times, as well as a host of Europeans realize it. That is what has been driving the dollar’s exchange rate this week. It seems easier for foreigners to recognize the threat to turn American democracy into a rapacious kleptocracy.
This change always is sudden, arranged under emergency conditions. Those with a 12-year memory will see George Bush as playing the role of Boris Yeltsin in Russia in 1996, paying off his campaign contributors by giving them all the economic surplus that the government could expropriate in the notorious “loans for shares” plan applauded and supported by Clinton Treasury Secretary (and current Obama advisor) Robert Rubin. (The moral: do we have a Putin in our near future to lock in the anti-democratic coup?)
How ironic all this is! Back in the 1970s there was theorizing that the Russian and American economies were converging. The idea was that both were moving toward more centralized state control, state financing, state subsidy, and a military-industrial complex. Nobody expected the convergence to occur Yeltsin-style in government giveaways to insiders to create a new group of financial billionaires – the “seven bankers” under Yeltsin in 1996, and Mr. Paulson’s Crony Capitalist gang today.
Let’s look at the euphemisms as an exercise in doublethink.....
http://www.propeller.com/story/2008/09/25/the-insa...
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DropkickaLib1 year, 4 months ago
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ktpinnacle1 year, 4 months ago
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Attendence record for 110th Congress (as of 9/9/08)
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McCain - Missed 63.8% of the votes (highest in the Senate)
Johnson - Missed 48.7% of the votes (second highest in the Senate), most absences during his recovery from a BRAIN HEMORRHAGE!
So McCain can't even make it to work as much as a guy who nearly died. And now he rushes back to town to SAVE THE DAY!
AMERICA FIRST! WAY TO GO MCCAIN!
What a joke.
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GLee1 year, 4 months ago
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PsychoHosebeastComment removed: Spammer, Abusive9 Replies
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Wolfie20071 year, 4 months ago
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On Tuesday Harry Reid, Senate Majority Leader, said that if John McCain wasn't there to vote for this bill it would lose. But today after McCain suspended his campaign,Reid said that McCain shouldn't come back that he wasn't needed in Washington.
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Klarissa1 year, 4 months ago
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I watched the Obama video, and he kept saying that the people should know what the candidates PLAN to do.
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Doesn't Obama realize that he is a member of the US Senate and he should be there to discuss and do something now. No need for Obama to Plan - he should get his body to Washington and participate in the solution.
He seems so intent on being a candidate that he will not go to Washington and fulfill his position as a senator. -
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gwhiddon1 year, 4 months ago
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It's good to see at least ONE of the candidates is doing something to help take care of the crisis. They are senators, and McCain is doing his job, plus some.
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I suspect this move is going help McCain a lot - I suspect he caught Obama by surprise. If this was a chess game, he'd probably be saying "check"
It's be funny if Obama has a debate with himself - he'd look awfully foolish.-
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Klarissa1 year, 4 months ago
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Dionys1 year, 4 months ago
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"It's good to see at least ONE of the candidates is doing something to help take care of the crisis. They are senators, and McCain is doing his job, plus some"
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Jesus.
You people really believe this crap you're re-vomiting from the McCain camp. You really *are* as stupid as they think you are. -
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RedRiverJ1 year, 4 months ago
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Obama doesn't want you to talk go negative on his wife, his ears, anything, he puffs up and gets mad like a brat himself. He looked uncomfortable today saying what he said, like he didn't believe the story he was pitching either. He looked very preoccupied with SELF. It's all about B-A-R-A-C-K.
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olissabryant1 year, 4 months ago
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Dont' you guys get it. ghe's making an excuse not to speak to the publicabout the economy, because he was there with bush destroying the economy. He knew what was gou\ing to happen 3 years ago. People losing their homes, living paycheck to paycheck. He can't relate to middle class working people becuse he never went without, How can you see me at my level being middle class, with struggles if you have none.
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mamafig1 year, 4 months ago
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THE DEBATE IS NOT ABOUT THE ECONOMY, IT IS ABOUT FOREIGN POLICY AND RIGHT NOW WE NEED THEM IN WASHINGTON HELPING TO MAKE THIS VERY DIFFICULT SENATE MAKE DECISIONS THAT WILL EFFECT US FOR LIFETIMES TO COME....YOUMUST NOT BE FROM NY..WAKE UP, DEBATES ARE A BUNCH OF I PROMISE GARBAGE, THE PROOF IS IN THE PUDDING AND OBAMA HAS JUST PROVED TO ME HE IS NOT READY FOR THE PUDDING
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BillieMaxer1 year, 4 months ago
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Read what Harry said and was just shown on CNN and he repeated this.......Now repugs stop spinning this, read this before you put your foot in your mouths somemore...
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Reid to McCain: Don't Come Back to Capitol
September 24, 2008 5:14 PM
A Democrat tells ABC News that, in a phone call late this afternoon, Senate Majority Leader Harry Reid, D-Nev., told Sen. John McCain, R-Ariz., that it would NOT be helpful for him to come back to Washington, D.C., to work on the Wall Street bailout bill.
McCain this afternoon suspended his campaign and said he would skip the first presidential debate in order to return to Capitol Hill to work on the log-jammed Bush administration legislation, which, as of Wednesday afternoon, was in peril.
McCain had phoned Reid to ask about the prospects of him, Sen. Barack Obama, D-Ill., and others to sit down and work together on hammering out a bipartisan proposal.
"Sorry," Reid said to him, a Democrat close to Reid says.
Reid then read McCain the statement he had just put out: "This is a critical time for our country," says the Reid statement. "While I appreciate that both candidates have signaled their willingness to help, Congress and the administration have a process in place to reach a solution to this unprecedented financial crisis. I understand that the candidates are putting together a joint statement at Sen. Obama’s suggestion. But it would not be helpful at this time to have them come back during these negotiations and risk injecting presidential politics into this process or distract important talks about the future of our nation’s economy. If that changes, we will call upon them. We need leadership; not a campaign photo op. If there were ever a time for both candidates to hold a debate before the American people about this serious challenge, it is now.”
A source close to Reid said McCain didn't have much to say after that. Reid, the source says, thinks McCain's maneuver is a gimmick born from bad poll numbers and the fact that "debate prep must not be going very well."-
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Klarissa1 year, 4 months ago
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Reid then read McCain the statement he had just put out: "This is a critical time for our country," says the Reid statement. "While I appreciate that both candidates have signaled their willingness to help, Congress and the administration have a process in place to reach a solution to this unprecedented financial crisis.
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These men ARE congress - why is reid objecting to a duly elected congressman doing his DUTY???
Talk abour political posturing.
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Will13131 year, 4 months ago
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Asked whether the debate could go forward if McCain doesn't show, Obama spokesman Robert Gibbs replied, "My sense is there's going to be a stage, a moderator, an audience and at least one presidential candidate."
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one candidate with an hour of free time to answer questions..
guess the polls afterward will tell whether or not it was a good move..
Risky .. yes.. Good.. only time will tell -
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ellenc11301 year, 4 months ago
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John McCain is willing to sacrifice points in the polls, and even the election, for our country. He was willing to die for his country in Vietnam. Now, he needs to be in Washington to help us solve our credit crisis so that banks can lend money to businesses and individuals so that we can have jobs and homes. He has always voted on the side of the middle class, and he has always been able to work with both sides of the political aisle because he is first of all an American, not just a politician. He is an inspiring leader.
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Candida1 year, 4 months ago
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ellenc1130: "John McCain is willing to sacrifice points in the polls"
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If we assume that he would have won points in the polls by debating. I guess I'm more skeptical; to me it seems that he is trying to avoid losing point with the debate and scoring point by portraying himself as the "dutiful son of the nation."
"He has always voted on the side of the middle class"
Well, I'm not familiar with his completer voting record, but I do know that he "missed 408 out of Senate 639 votes cast in the current 110th Congress" (the reference is in my post above.) Are you sure that none of those concerned the middle class? Besides, since you use the word "always" only one counterexample will be sufficient to counter your argument. Do you mean like the time when he voted against providing an educational allowance to veterans who have fulfilled their one, two, three... tours of duty?
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