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McCain Suspends his Campaign
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BeauJangles
Lifer
Throckmorton
Lifer
Schumer says the reason that, after reaching an agreement, the Republicans are against it so that McCain can swoop in and save the day. Watch, that is exactly what will happen.
It's very strange to have leaders of both parties come out and say "we have a deal" only to have Boehner come out and say "WAIT NO STOP WE DON'T". Just as I bet the Democrats were working hard to hammer out a deal before McCain decided to roll into town, I'm fairly sure the Republicans were working hard to keep one from happening until he got there.
It's pretty pathetic really.
OrByte
Diamond Member
its all very transparent.
I think what will happen is if McCain sticks his ugly mug in front of the cameras in Washington he will risk politicizing the greatest economic crisis since 'The Great Depression' in a way that he will not be able to overcome. He simply cannot get away with taking credit for an agreement that he had no say in getting drafted. He can take credit for bringing Republicans to the table to vote for it...but really is that how Republicans want to go on record for this bail out plan? Again the danger here is using this economic crisis for political purposes, and the MEDIA spinning it that way...and believe me they will and they won't need anyone's help to do so.
He should just go to the debates and keep his mouth shut now. Let everyone else around him do the politicizing. No need for press conferences.
If he plays it right, he will still come out of this relatively unscathed. Hell he might even pull it off as some sort of unsung hero riding into town on his white horse and riding out in the middle of the night to get back on the campaign trail.
If he tries to toot his horn, he will get called on it. And at that point the whole scheme may not be worth much in the long run.
As of right now, the congressional repubs are playing with fire, the american people are already pissed off about this 'raw deal' There is simply no need to walk out of the meeting GWB held with all the power players and state that there is still no agreement (Sen. Richard Shelby of Alabama, link ) all the while other senators including republicans are saying there is a deal "that could win approval" that is some bold political sh!t right there. They are LUCKY the meeting was held after the markets closed.
so what happens tommorow morning on wall street eh? is there or isnt there a deal?
wow what an election!
OrByte
Diamond Member
Bob Bennet
he said so earlier today. The market made some great gains today because people were saying a deal was pretty much done.
I hope that wasn't a lie.
OrByte
Diamond Member
I think Bennet was on the committee helping negotiate a deal
are you referring to This Boehner?
McCain Huddling With Boehner, Kyl To Rally GOP Support
Sep 25, 2008
--------------------------------------------------------------------------------
(The Politico) The Senate clearly doesn't need McCain's help in pushing through the bailout deal, so McCain has returned to the Capitol and is meeting in Minority Leader John Boehner's office to discuss the legislation.
This just in from a pool report from the McCain campaign press crew:
"McCain left his office and took the subway to the capitol. He is now in Minority Leader John Boehner's office with Sens. Jon Kyl, Lindsey Graham and Joe Lieberman. [Campaign manager] Rick Davis was on the subway with McCain but I don't know if he went into Boehner's office."
UPDATE: McCain came into the room and was greeted with a standing ovation, lawmakers said. He talked about his desire to be as helpful as he could in passing this legislation."
You GO McCain!!
heyheybooboo
Diamond Member
I think what the issue from the Republican side amounts to be is that no one wants to declare except the hardcore cons in the House and the Senate Republicans who are not running for re-election.
For all the bluster McCain ain't talking. Moderate Republicans don't want to appear in favor of the bailout if McCain screws them over by voting against it. Especially the R-Senators up for re-election this Fall.
Since all the House is up for re-election the hardcore Rs will remain opposed. A hand full of Blue Dog Ds will most likely vote against it, too, but it just doesn't matter. It will pass in the House - even if it is by the slimist of margins. Some moderate Rs in tight elections will most likely go along with it.
The real action is in the Senate.
dmcowen674
No Lifer
Already starting
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OrByte
Diamond Member
AP Link on the White House meeting
Dems, some in GOP question McCain's intervention By CHARLES BABINGTON, Associated Press Writer
6 minutes ago
Sen. John McCain's self-portrait as a bold leader willing to set politics aside to save an endangered financial bailout plan took a pounding Thursday from top Democrats and even some fellow Republicans.
His efforts to re-energize his presidential campaign will partly turn on who wins the public relations battle, destined to play out for days.
Top Democrats in Congress ridiculed McCain's claim Wednesday that negotiations were going nowhere, necessitating his hasty return to Washington to intervene while suspending his campaign.
"It was somewhat stunning" to receive McCain's phone call with that message, said Senate Majority Leader Harry Reid, D-Nev. Talks were proceeding fine without him, Reid said.
Rep. Barney Frank of Massachusetts, the chief House Democrat on the bill, said, "all of a sudden, now that we are on the verge of making a deal, John McCain airdrops himself to help us make the deal."
Even the House's Republican leader, John Boehner of Ohio, passed up a chance to praise McCain's leadership powers shortly before the two men met in the Capitol at midday Thursday. Asked by reporters if McCain could help win House Republican votes for the proposed package, Boehner shrugged and said, "Who knows?"
Other Republicans gave McCain more credit. "They got something done this morning only because McCain came back," said Sen. Jim DeMint, R-S.C. But DeMint later called the proposal "a trillion-dollar Band-Aid that does not contain a single item that will stimulate our economy."
President Bush's biggest worry is House Republicans, many of whom seemed unimpressed Thursday with McCain's heightened interest. Several said it was essential that both McCain and his Democratic opponent, Sen. Barack Obama, back the bailout plan together.
"If McCain and Obama would stand together and take this off the table" as a sharply partisan issue, then wary House Republicans might get on board, said Rep. Zach Wamp, R-Tenn.
Framing the issue in those bipartisan terms, however, complicates McCain's bid to differentiate himself from Obama on leadership issues.
In truth, McCain has faced a no-win situation for days. To support the bailout or a similar plan would put him at odds with millions of voters and many House Republicans at a time his campaign is sliding in the polls. Also, McCain has struggled to distance himself from the unpopular Bush, and embracing the administration's plan would clearly not help.
Obama has an easier path. No one will accuse him of being a Bush clone even if he ends up siding with the administration on this issue. And Democrats in general are more receptive to government regulation of powerful institutions.
McCain's other option was worse. Opposing the main thrust of Bush's plan would have opened him to fierce accusations of walking away from a national crisis. And if a congressional impasse triggered more Wall Street catastrophes, as the administration said it would, the criticism would have been still worse.
McCain's only real option was to say, "I'm the leader, I'm going to put country first," said Republican consultant John Feehery.
McCain tried to do that late Wednesday. Going before TV cameras shortly before Obama did, he signaled his likely support for some version of the costly plan and urged Bush to convene a meeting including Obama. Bush did so, giving McCain and his backers a chance to claim some leadership credit.
"It seemed like this deal yesterday was very close to dead," McCain adviser Mike DuHaime told Fox News on Thursday. "I think you've seen tremendous progress since he made that announcement."
McCain met separately with House and Senate Republicans in the Capitol Thursday. He did not attend meetings where the bailout legislation was being hashed out, and some rank-and-file lawmakers saw little impact from his visit.
"What do I know?" said Rep. Tom Reynolds, R-N.Y., when asked later about the affect of McCain's detour to Washington. Perhaps, he said, the combined efforts of McCain and Obama would give enough political cover to wavering lawmakers to bring more votes to the bailout package.
Meanwhile, Democrats scoffed at McCain's Wednesday night claim that "no consensus has developed" behind the administration proposal, making his intercession important.
House Speaker Nancy Pelosi, D-Calif., told reporters that McCain called her and urged the White House meeting because "nothing was happening and there was no progress being made on all of this."
"And I said, 'Well, Senator, I have good news for you.'" Pelosi said. "'Quite a bit has been done.'"
Reid, the Senate Democratic leader, previously had called on McCain to take a stand on the bailout proposal. By the time McCain called him on Wednesday, Reid told reporters Thursday, progress was well under way.
Reid spokesman Jim Manley said his boss gave McCain a cool reception. It included reading to him a statement that Reid had just released criticizing McCain's plans. "We need leadership, not a campaign photo-op," said the statement that Reid read to its intended target.
Even if McCain fully embraces a bailout package, many Republican candidates elsewhere on ballots will not go along. Rep. Ray LaHood, an Illinois Republican who is retiring, said he probably will vote for the bailout legislation that eventually emerges.
But the Republican running to replace him, LaHood said, "is running against it. Everyone's running against it."
Wow.
All I've got to say at this point is, for those of us that enjoy some good political theater, THIS IS IT!!
I think Obama's comment that went something to the effect that now wasn't the time to inject campaign politics into Washington was dead spot on.
I think McCain made the right choice to try his hail mary pass..because so far he is dodging political bullets and he has changed the election narrative yet AGAIN.
Wow.
One problem I have with all of this is, the markets responded well today because the perception was that a deal was pretty much done.
SO, what happens tommorow?
There is the potential for some serious backlash here folks.
Dems, some in GOP question McCain's intervention By CHARLES BABINGTON, Associated Press Writer
6 minutes ago
Sen. John McCain's self-portrait as a bold leader willing to set politics aside to save an endangered financial bailout plan took a pounding Thursday from top Democrats and even some fellow Republicans.
His efforts to re-energize his presidential campaign will partly turn on who wins the public relations battle, destined to play out for days.
Top Democrats in Congress ridiculed McCain's claim Wednesday that negotiations were going nowhere, necessitating his hasty return to Washington to intervene while suspending his campaign.
"It was somewhat stunning" to receive McCain's phone call with that message, said Senate Majority Leader Harry Reid, D-Nev. Talks were proceeding fine without him, Reid said.
Rep. Barney Frank of Massachusetts, the chief House Democrat on the bill, said, "all of a sudden, now that we are on the verge of making a deal, John McCain airdrops himself to help us make the deal."
Even the House's Republican leader, John Boehner of Ohio, passed up a chance to praise McCain's leadership powers shortly before the two men met in the Capitol at midday Thursday. Asked by reporters if McCain could help win House Republican votes for the proposed package, Boehner shrugged and said, "Who knows?"
Other Republicans gave McCain more credit. "They got something done this morning only because McCain came back," said Sen. Jim DeMint, R-S.C. But DeMint later called the proposal "a trillion-dollar Band-Aid that does not contain a single item that will stimulate our economy."
President Bush's biggest worry is House Republicans, many of whom seemed unimpressed Thursday with McCain's heightened interest. Several said it was essential that both McCain and his Democratic opponent, Sen. Barack Obama, back the bailout plan together.
"If McCain and Obama would stand together and take this off the table" as a sharply partisan issue, then wary House Republicans might get on board, said Rep. Zach Wamp, R-Tenn.
Framing the issue in those bipartisan terms, however, complicates McCain's bid to differentiate himself from Obama on leadership issues.
In truth, McCain has faced a no-win situation for days. To support the bailout or a similar plan would put him at odds with millions of voters and many House Republicans at a time his campaign is sliding in the polls. Also, McCain has struggled to distance himself from the unpopular Bush, and embracing the administration's plan would clearly not help.
Obama has an easier path. No one will accuse him of being a Bush clone even if he ends up siding with the administration on this issue. And Democrats in general are more receptive to government regulation of powerful institutions.
McCain's other option was worse. Opposing the main thrust of Bush's plan would have opened him to fierce accusations of walking away from a national crisis. And if a congressional impasse triggered more Wall Street catastrophes, as the administration said it would, the criticism would have been still worse.
McCain's only real option was to say, "I'm the leader, I'm going to put country first," said Republican consultant John Feehery.
McCain tried to do that late Wednesday. Going before TV cameras shortly before Obama did, he signaled his likely support for some version of the costly plan and urged Bush to convene a meeting including Obama. Bush did so, giving McCain and his backers a chance to claim some leadership credit.
"It seemed like this deal yesterday was very close to dead," McCain adviser Mike DuHaime told Fox News on Thursday. "I think you've seen tremendous progress since he made that announcement."
McCain met separately with House and Senate Republicans in the Capitol Thursday. He did not attend meetings where the bailout legislation was being hashed out, and some rank-and-file lawmakers saw little impact from his visit.
"What do I know?" said Rep. Tom Reynolds, R-N.Y., when asked later about the affect of McCain's detour to Washington. Perhaps, he said, the combined efforts of McCain and Obama would give enough political cover to wavering lawmakers to bring more votes to the bailout package.
Meanwhile, Democrats scoffed at McCain's Wednesday night claim that "no consensus has developed" behind the administration proposal, making his intercession important.
House Speaker Nancy Pelosi, D-Calif., told reporters that McCain called her and urged the White House meeting because "nothing was happening and there was no progress being made on all of this."
"And I said, 'Well, Senator, I have good news for you.'" Pelosi said. "'Quite a bit has been done.'"
Reid, the Senate Democratic leader, previously had called on McCain to take a stand on the bailout proposal. By the time McCain called him on Wednesday, Reid told reporters Thursday, progress was well under way.
Reid spokesman Jim Manley said his boss gave McCain a cool reception. It included reading to him a statement that Reid had just released criticizing McCain's plans. "We need leadership, not a campaign photo-op," said the statement that Reid read to its intended target.
Even if McCain fully embraces a bailout package, many Republican candidates elsewhere on ballots will not go along. Rep. Ray LaHood, an Illinois Republican who is retiring, said he probably will vote for the bailout legislation that eventually emerges.
But the Republican running to replace him, LaHood said, "is running against it. Everyone's running against it."
Wow.
All I've got to say at this point is, for those of us that enjoy some good political theater, THIS IS IT!!
I think Obama's comment that went something to the effect that now wasn't the time to inject campaign politics into Washington was dead spot on.
I think McCain made the right choice to try his hail mary pass..because so far he is dodging political bullets and he has changed the election narrative yet AGAIN.
Wow.
One problem I have with all of this is, the markets responded well today because the perception was that a deal was pretty much done.
SO, what happens tommorow?
There is the potential for some serious backlash here folks.
cKGunslinger
Lifer
Well, it's payday - so I think my bi-weekly 401k stock purchases will net me more for my money, rather than the typically-inflated Friday prices.
:thumbsup:
heyheybooboo
Diamond Member
Temporary bounce of anticipation.
I give it 2 or 3 days after approval before reality sets in - The Federal gov't ends its fiscal year a day later with an effective addition of $1 trillion dollars on the debt ...
I'm a little confused. Are you agreeing with me or disagreeing with me? I said Obama and McCain could do more than just cast a vote. I said "more could be done" and gave examples that you so nicely quoted. I also said they could do it on the road.
Are you just bashing anyone that you think might disagree with you, without bothering to read what they write?
Baked
Lifer
Why do people call him a war hero again? He's too chicken to escape POW camp w/ his fellow soldiers in Vietnam, throwing his daddy's name out to keep himself alive, and now this? He's a damn coward. This is a lame excuse to back out of the debate 'cause his camp isn't prepared for the debate w/ Obama. Going to DC to save the economy? You can't do shit about the failing economy buddy.
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