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McCain Stops at Senate en Route to White House

Updated 4:19 p.m.
By Michael D. Shear and Lori Montgomery
Sen. John McCain returned to Washington on Thursday after declaring that he has suspended his campaign, but he appeared largely detached from the flurry of negotiations on a $700 billion economic rescue package that appeared to be headed to a successful conclusion.

McCain's "Straight Talk Air" landed at National Airport just after noon, and McCain's motorcade sped toward the Senate. But by then, senior Democrats and Republicans were already announcing that a deal in principle had been reached.

That news appeared to be somewhat premature as House Republican leader John Boehner told his members that "no deal" had yet been reached. McCain arrived at 3:40 p.m. at the White House, where he and his rival, Sen. Barack Obama, were scheduled to meet with President Bush and congressional leaders at 4 p.m.

The leading Democratic negotiator on the Bush administration's $700 bailout plan accused John McCain of undermining the proposal and prodding House Republicans to lay out a wholly different approach that is opposed by the White House.

"This is the presidential campaign of John McCain undermining what Hank Paulson tells us is essential for the country," said Democratic Rep. Barney Frank, (D-Mass.), chairman of the House Financial Services Committee. "This is McCain at the last minute getting House Republicans to undermine the Paulson approach."

Republican leadership aides reacted incredulously to Frank's broadside, saying there was no way McCain's chief economic adviser, Douglas Holtz-Eakin, could undermine a deal with House Republicans that has never had rank-and-file support.

Holtz-Eakin met this morning with Boehner, House Minority Whip Roy Blunt (R-Mo.) and House Republican Conference Chairman Adam Putnam (R-Fla.), but the GOP leaders did virtually all of the talking, and what they told him was how little support the $700 billion package had with their rank-and-file. When McCain emerged from the back door of Boehner's office in the Capitol, both Holtz-Eakin and Sen. Lindsey O. Graham (R-S.C.), a key McCain ally, said they knew very little about the deal.

GOP aides familiar with the alternative proposal said that it had been in a draft stage for several days, with one adviser saying the lawmakers wanted to unveil it yesterday, but that McCain's entree into the deliberations actually made them wait a day.

The White House meeting was in part the result of McCain's stunning pronouncement Wednesday that he would stop campaigning to return to Washington, where he had urged Bush to convene a summit to address the crisis.

But for most of the afternoon, McCain has not visibly been part of the action on the issue. He was not present when House and Senate negotiators emerged from a two-hour meeting to declare success. That announcement was made by Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking Committee, Sen. Robert F. Bennett (Utah) and Frank.

McCain, by contrast, spent some time in his office with several Republican colleagues, briefly stopped at Boehner's office, then left for lunch at the Capitol's Mansfield Room before returning to his office in the Russell Senate Office Building.

Republican Rep. Spencer Bachus (Ala.) said he had spoken to McCain yesterday, had breakfast with two McCain advisers this morning and spoke to McCain again immediately after today's meeting. But, Bachus said, "John's not trying to call the shots for the House caucus, I can tell you that. He's just opposed to the plan in its present form."

Frank reacted angrily to Bachus's statements, insisting that lawmakers were well on their way toward an agreement they could put to a vote, and that this afternoon's meeting at the White House was largely irrelevent.

"We'll be glad to go and tell them there really isn't that much of a deadlock to break," Frank said. "But I'm always glad to go to the White House."

McCain aides expressed cautious optimism, saying that there is "no deal until there's a deal," but McCain made no comments to the reporters trailing him around the Capitol.

Meanwhile, the status of the planned Friday night debate with Obama remained up in the air Thursday afternoon. Senior McCain adviser Mark Salter said, "We've got to see," when asked whether the debate would go on as planned.

McCain said on Wednesday that the debate should be postponed so that the two candidates, the president and the congressional leadership could lock themselves in a room for 100 hours to solve the economic crisis.

Obama arrived in Washington later in the afternoon, accompanied by one Senate staffer. Democrats cried foul when a White House list of attendees indicated that McCain planned to take a campaign aide, former Congressional Budget Office director Doug Holtz-Eakin, with him to the White House meeting.

By Web Politics Editor  |  September 25, 2008; 3:53 PM ET
Categories:  Barack Obama , John McCain  
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Comments

The second paragraph states:

"McCain's "Straight Talk Air" landed at National Airport just after noon, and McCain's motorcade sped toward the Senate. But by then, senior Democrats and Republicans were already announcing that a deal in principle had been reached."

But nothing in the remainder of the post backs that up, unless Barney Frank is a senior republican leader. Are we supposed to assume that the Democrat's proposal was going to be accepted without any GOP involvement?

Posted by: mikevegas40 | September 28, 2008 1:11 PM | Report abuse

"GOP aides familiar with the alternative proposal said that it had been in a draft stage for several days, with one adviser saying the lawmakers wanted to unveil it yesterday, but that McCain's entree into the deliberations actually made them wait a day."

During this big financial crisis McCain put the negotiations and the stock market on hold while he mucked things up. He didn't even read the 3-page proposal until Tuesday, after days of speaking publicly about it.

That's OK, McCain keeps "Alan Greenspan's book under his arm," a big culprit in this mess.

Posted by: McBain1 | September 26, 2008 1:56 AM | Report abuse

Now we see why it's important to vote.
http://www.youtube.com/watch?v=APydh8XnO9c

Posted by: MDickey28 | September 26, 2008 12:39 AM | Report abuse

Well it certainly does because our, our next door neighbors are foriegn countries; they are in the state that I am the exectutive of. It's very important when you consider even national-security issues with Russia as Putin rears his head and comes into the air space of the United States of America, where do they go? It's Alaska. It's just right over the border. It is from Alaska that we send those out to make sure that an eye is being kept on this very powerful nation, Russia, because they are right there, they are right next to our state.

Posted by: ddell | September 25, 2008 11:55 PM | Report abuse

This is why McCain pretended to suspend his failing campaign:


McCain graduated at the bottom of his class and he is up against a guy (Obama) who TEACHES CONSTITUTIONAL LAW on top of all his rhetorical skills, personal charisma and deep, deep reserves of just freaking cool.


McCain finally woke up to the reality that he is going to look like the utter fool that he is and he wants out, the game ain't no fun any more.


That flip flopping you see? Its not just an old man changing his mind, its the kind of flip flopping that a fish does when you haul it out onto the deck, just before you beat its brains in with a club.


McCain has finally got it that he is turning up to a gunfight with a pen knife.


A closed one.


Rusted shut.


Two words for him and his vile freaking crowd of Rethuglicans.


NO

MERCY


Take them down all the way.

http://www.youtube.com/watch?v=YxT0s_I5WtA
.

Posted by: DrainYou | September 25, 2008 11:50 PM | Report abuse

"You CANNOT trust 26-year Washington insider, John McCain."

Tell that to David Letterman.

Posted by: plaza04433 | September 25, 2008 11:17 PM | Report abuse

Sigh...Some people are running into McShennanigans with open arms...

Obama read the 3 page doc when it first came out...McCain did not.

Obama defined outlined principles that were missing to protect the taxpayers....McCain did not read the document

McCain has 26 yrs in congress and is a self-described Maverick and reformed yet has submitted ZERO legislation that has anything to do with banking/finance.

Obama is not on the banking committee, but guess what he has produced 5 bills in this area.

McCain who knows nothing about the economy, has been "The Deregulator", who has not introduced any banking reform in his 26 years, Phil Gramm, Davis, and Keating 5, said last week economy was sound, suddenly drops everything and is now "brokering" the bailout deal? WTF??

Posted by: Ginny7 | September 25, 2008 11:11 PM | Report abuse

Even that flaming liberal Ed Rollins is calling this lastest "action" by McCain a stunt and a big mistake.

McCain lands in DC and according to all accounts by both dems and repubs and -bi partisanship explodes.

Then--- The more wacky of the house republicans decide to bring up their own nifty brand new plan.

Which consists of lowering capital gains, as if that that would help this now, peeing on a forest fire comes to mind -and get this:

These brain dead republican idiots want all these bad assets to be covered by private insurance.

I am not making this up!!!

As if any private insurer has the assets to back up any insurance on this junk. Were these morons asleep during the AIG failure????

What people do not seem to get is that althought $700 billion is a whopping big amount of money, the true risk exposure is between 5 and 7 TRILLION!

Meanwhile, Sarah Palin spews forth some of the most vapid, incomprehensible and nutty stuff ever blathered on television in Katie Couric's interview.

The tape of some wierd preacher casting spells over Palin to protect her from witchcraft (not kidding!) only added to the surealness of everything.

The McCain ticket seems not so much as Republican or conservative as it is just plain wierd. Really really wierd.

Posted by: plaza04433 | September 25, 2008 11:06 PM | Report abuse

Slate predicts McCain's next 10 Hail Mary campaign stunts:

http://www.slate.com/id/2200927/?from=rss
.

1) Returns to Vietnam and jails himself.

2) Offers the post of "vice vice president" to Warren Buffett.

3) Challenges Obama to suspend campaign so they both can go and personally drill for oil offshore.

4) Learns to use computer.

5) Does bombing run over Taliban-controlled tribal areas of Pakistan.

6) Offers to forgo salary, sell one house.

7) Sex change operation.

8) Suspends campaign until Nov. 4, offers to start being president right now.

9) Sells Alaska to Russia for $700 billion.

10) Pledges to serve only one term. OK, half a term.

Posted by: DrainYou | September 25, 2008 11:00 PM | Report abuse

The REPUBLICANS de-regulated to make it wasier for the wall street crooks to rob America.

After having caused the problem - now the thug Republicans are saying that they dont want to solve it !

The Repubs are like a person who sets fire to a place and then obstructs people trying to put off the fire by saying "putting off fires or helping people is not on our agenda ! "

Posted by: guru21 | September 25, 2008 10:41 PM | Report abuse

This is EXACTLY why injection of presidential politics into sensitive negiations is a BAD idea. The plan is very unpopular among the American people, so McCain wants to be seen as riding in on a white horse to save the day.

The bottom line is that the economic situation looks very dire here...WaMu seized by the feds in the biggest bank failure ever just today. The best thing for the Country (if McCain actually cares about it) would be to let the negotions occur WITHOUT the candidates there. His suspending his campaign looks like a political stunt, and frankly I'm not sure he has the temperment to be President.

Posted by: icposse2000 | September 25, 2008 10:39 PM | Report abuse

McCain's new campaign slogan:

"A chicken in every pot"

Posted by: abigsam | September 25, 2008 10:30 PM | Report abuse

_____________________________________________________

McCains CHEAP ATTEMPTS TO Politicize the negotiations has sabotaged the deal and POISONED the process.

Its McCain-Graham and their THUG Policies which are responsible for the problem in the 1st place.

Isn't the CROOK McCain who said Phil Graham was the best economist !

____________________________________________________

Posted by: guru21 | September 25, 2008 10:30 PM | Report abuse

Deregulation didn't work this time, you blame liberals. Enforcement of the loose rules is the problem. Democrats mocked every effort by McCain and Bush to lighten up and reinforce Freddie and Fannie. This is pure sand bagging and that is becoming more apparent every day.

Posted by: insideman | September 25, 2008 10:30 PM | Report abuse

It's McCain's job to make sure the pallets of hundred dollar bills make it to Tel Aviv OK.


FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

Posted by: thc1138 | September 25, 2008 10:24 PM | Report abuse

_____________________________________________________

John McCain : 3 stunts AND YOU ARE OUT.
_______________________________________

1. Gimmicky proposals to hijack the debate.
2. Picking 'COCKY WACKO' Palin to shock the electorate.
3. So called suspending campaign - while his vicious ads run and his surogates fan out with more lies.

_________________________________________________

His quota of stunts is long over.
______________________________________________

Posted by: guru21 | September 25, 2008 10:24 PM | Report abuse

McCain is such a drama queen. It's just one political stunt after another with him. Looks like he really got a lot accomplished by "suspending" his campaign and rushing back to Washington.

Posted by: smc91 | September 25, 2008 10:24 PM | Report abuse

To thecannula and the quotes from Bill Clinton

"Bill Clinton on Thursday told ABC’s Chris Cuomo that Democrats for years have been “resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac”
True.
President Bush warned about reforming Freddie Mac and Fannie Mae 17 times this year alone.
John McCain's reform bill was blocked by dems in 2005."

Shhhhh..

Many in this place wouldn't believe it if God himself told them anything. They're just spewing distortions based on... ummm.. gee, BS I guess.

Most don't have a real clue what's going on.

At least I for one have actually been to meetings in DC. It's not at all what they THINK it's like.

:)

Posted by: madcitizen | September 25, 2008 10:24 PM | Report abuse

McCAIN CAMPAIGN LIE #424

John McCain says:

“Tomorrow (Thursday) morning, I will suspend my campaign and return to Washington,” said Senator John McCain, to help deal with the financial crisis.

Then why was?:

The official JohnMcCain.com campaign website accepting contributions today?

The McCain Campaign running commercials on cable TV stations nationwide?

All McCain Campaign offices nationwide open.

McCain spokesman Nicole Wallace on the NBC-TV’s “Today Show” on Thursday morning.

Nancy Mitchell Pfotenhauer, a McCain Senior Economic Policy Adviser, appeared on Fox News Thursday to discuss the proposed government bailout.

Consumers in Virginia, Iowa, and Wisconsin saw or heard McCain TV or radio ads Thursday.

Douglas Holtz-Eakin, a McCain Campaign Senior Policy Advisor, joined McCain to attend the White House meeting Thursday on the crisis. (Obama had a Senate staffer.)

You CANNOT trust 26-year Washington insider, John McCain.

Posted by: mykolas1 | September 25, 2008 10:22 PM | Report abuse

Some needs to tell all those Congressman who put partisanship and self-interest above public interest today, that the laissez faire party of the last 28 years is OVER.

It should have President Bush but he is the lamest of lame ducks, perhaps, in the history this country. He can't do it. He has no political capital to spend.

I could have Senator McCain but he was too busy posing for his latest diversion stunt. And, he did't know what to say because really doesn't even know what the problem is.

Then there are all those "angry" citizens who claim they do not understand what has happened and wonder why a bailout is needed. These folks aren't really angry, they just are too used ot not looking anything beyond the tip of their noses.

The issue is frozen credit markets. Without willing lenders with money to lend, business can not buy the things they need to make products and sell them. If they can't do this, they end up firing employees. Over 600,000 folks have lost their job this year. The unemployment is at the highest point seen in a long long time. No credit source means NO jobs.

THe same thing is true of more personal needs like financing a home purchase with a mortgage. Mortgages are difficult to get these days and prices of homes continues to fall. Wanna live in the Mission shelter like so many people had to do 80 years ago?

Next up are those little plastic cards use to buy this, that and everything else. Just think of the grocer refusing to take your card because the card issue won't lend you any more money. Got the cash to buy the milk?

McCain needs to put back in his playpen so he do no more harm.

All of us have to start looking beyond the end of our noses.

Posted by: pbarnett52 | September 25, 2008 10:18 PM | Report abuse

Deregulation is a GOOD thing, you lame liberals. Enforcement of the rules is the problem. Democrats blocked every effort by McCain and Bush to tighten up and enforce Freddie and Fannie. This is a pure Dem scandal and that is becoming more apparent every day.

Posted by: daman1 | September 25, 2008 10:17 PM | Report abuse

Be very suspicious of any politician who touts his 'patriOtism'.

McCain is a SCOUNDREL, A TOTAL PERVERT WORSE THAN i EVER THOUGHT.

But wait , it gets even worse. I would recommend everyone, including to Rush Limbaugh to watch the Sarah Palin interview with Couric. She is a mad-women.
She claims foreign policy expertise because in her words something like 'If Putin rears up his head it will be over Alaska'.

A most bizzare set of words and sentences that cannot be comprehended.

_______________________________

Posted by: guru21 | September 25, 2008 10:16 PM | Report abuse

Democrats control Congress.

Obama, Pelosi,and Reid are in charge of legislation and spending. They don't need a single Republican vote to pass their bailout. It is time to see what they are made of. Well Democrats, your in charge, lets see what happens when you have to do more than complain. Why blame Congressional Republicans when it does not matter what they do.

Obama, Pelosi, Reid...the media may give you a pass on your inability to lead in a crisis but the American people can see that you can't deliver when trusted with power.

Posted by: econfox | September 25, 2008 10:15 PM | Report abuse

ABC News' Nitya Venkataraman Reports: Former President Bill Clinton defended Sen. John McCain's request to delay the first presidential debate, saying McCain did it in "good faith" and pushed organizers to reserve time for economy talk during the debate if the Friday plans move forward.

Appearing on Good Morning America Thursday, Clinton told ABC News' Chris Cuomo that McCain's push to postpone the debate would only be a good political move if both candidates agreed. McCain announced on Wednesday that he would "suspend" his presidential campaign to come to Washington to help negotiate a financial bailout bill.

"We know he didn't do it because he's afraid because Sen. McCain wanted more debates," Clinton said, adding that he was "encouraged" by the joint statement from McCain and Sen. Barack Obama.

"You can put it off a few days the problem is it's hard to reschedule those things," Clinton said, "I presume he did that in good faith since I know he wanted -- I remember he asked for more debates to go all around the country and so I don't think we ought to overly parse that."
Also... During the interview Bill Clinton blamed the Democrats for blocking reform of the mortgage giants:


Going very much against the media theme that the current financial crisis is all George W. Bush and the Republicans’ fault, Bill Clinton on Thursday told ABC’s Chris Cuomo that Democrats for years have been “resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac”
True.
President Bush warned about reforming Freddie Mac and Fannie Mae 17 times this year alone.
John McCain's reform bill was blocked by dems in 2005.
Thank you, Bill Clinton!

Posted by: thecannula | September 25, 2008 10:12 PM | Report abuse

If congress bails them out the folk in foreclosure will be paying extra taxes for corporation to take their home...lol Way to go dumbutt...lol

Posted by: billisnice | September 25, 2008 10:12 PM | Report abuse

This is a bill that John McDumbutt pushed at

http://projects.washingtonpost.com/congress/109/senate/1/votes/44/

And this same guy want to bail out corporations and yet sock it to Americans...Go Figure...

Posted by: billisnice | September 25, 2008 10:07 PM | Report abuse

Excuse me, Mark777, you may not recall the powers that were. In 1993 George W. Bush was president and both houses of the Congress had Republican majorities. now tell us again how the Democrats single handedly deregulated both Fannis Mae and Freddie Mac.

Posted by: bstrauss0913 | September 25, 2008 10:05 PM | Report abuse

John McCain has missed 412 votes (64.1%) during the current Congress

John McCain has voted with a majority of his Republican colleagues 88.3% of the time during the current Congress

Documentation at:
http://projects.washingtonpost.com/congress/members/m000303/

Posted by: billisnice | September 25, 2008 10:03 PM | Report abuse

My already low opinion of Sen. John McCain has hit bottom today. Just as Sen. Obama predicted, McCain has disrupted negotiations over a plan to rescue the economy by scheming with some fellow Republicans to stall any bi-partisan agreement in order to make it appear that he was instrumental in assuring its passage and its inclusion of his “demands.” His scheme to promote himself as a great leader will fail because the majority of Americans see through his selfish, attention-grabbing behavior. How dare he claim to put “Country First,” when he so obviously puts his personal ambitions front and center? If his fellow Republicans do indeed put their country first, they will disassociate themselves from the scheming, ambitious, ill-tempered Senator McCain and his Rovian advisors, and they will return to the true work of the American people, sparing them from economic disaster. The world is watching. The American people are watching closely, and they are no longer easily fooled.

Posted by: DJohnsonNC | September 25, 2008 9:58 PM | Report abuse

McCain is worse than a traitor - he's a political opportunist. He's already used 9/11, now he's trying to use the economic crisis.

He doesn't care if we lose everything. He and his wife are both out-of-touch millionaires.

Read about it at http://americanlifereview.blogspot.com/

Posted by: tjayh1980 | September 25, 2008 9:58 PM | Report abuse

Mark777 - There is no room for racism in the world. You should be ashamed of yourself.

Posted by: YellowDogBill | September 25, 2008 9:56 PM | Report abuse

a few months ago mccain wasn't interested in the economy, now he shuts down his campaign to return to washington? why? what's he going to do? he ain't exactly milton friedman, more like the sara palin of economics, ya know they aren't going to ask his opinion in crafting a bill. perhaps he's running from his record/avoiding the debate.

Posted by: e9999999 | September 25, 2008 9:55 PM | Report abuse

John McCain, Keating Five, Phil Gramm, Reaganomics, Deregulation and the Republican Parties deregulation of Wall Street:

Black Monday, September 15, 2008, is all about McCain, his dealings in the Keating Five, as well as Phil Gramm and Reaganomics...

But, most of all, it's all about

Republiucan DEREGULATION!


It all started in March 1987. Charles H Keating Jr., the flamboyant developer, needed help. The government was poised to seize Lincoln Savings and Loan, a freewheeling subsidiary of Keating's American Continental Corp.

As federal auditors examined Lincoln, Keating was not content to wait and hope for the best. He had spread a lot of money around Washington, and it was time to call in his chits.

One of his first stops was Sen. Dennis DeConcini, D-Ariz....

http://www.azcentral.com/news/specials/mccain/articles/0301mccainbio-chapter7.html


Keating and Senator DeConcini were very tight. "Keating had given thousands of dollars to DeConcini's campaigns." In point of fact, DeConcini was so fond of Keating he proposed the posting of Keating for the position of ambassador to the Bahamas, Keating owned a luxurious vacation home on the islands.

But Keating had more pressing business for DeConcini. He wanted a meeting with bank regulators to tell them to get off Lincoln's back.

Keating also arranged for Keating to meet with five Senators, including the junior senator from Arizona, John McCain.

McCain was already well-acquainted with Keating from 1981 when Keating told McCain that "he, too, was a Navy flier and that he greatly respected McCain's war record."

Thereafter, Keating held a fund-raiser for McCain's first run for the U.S. Senate in 1982. After enjoying a goodly bit of fundraising and largresse from Keating McCain, while still a U.S. congressman, "co-sponsored a resolution to delay new regulations designed to curb risky investments by thrifts such as Lincoln." Nice payback for Keating, what?

Since then:

A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace that proponents said would result in greater economic growth.

.... In 2002, McCain introduced a bill to deregulate the broadband Internet market, warning that "the potential for government interference with market forces is not limited to federal regulation." Three years earlier, McCain had joined with other Republicans to push through landmark legislation sponsored by then-Sen. Phil Gramm (Tex.), who is now an economic adviser to his campaign. The Gramm-Leach-Bliley Act aimed to make the country's financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies.

That bill allowed AIG to participate in the gold rush of a rapidly expanding global banking and investment market. But the legislation also helped pave the way for companies such as AIG and Lehman Brothers to become behemoths laden with bad loans and investments.


In response to the national angst over the fall of Merrill Lynch, Lehman Brothers and the threatened fall of AIG (American International Group), John McCain has suddenly staged a political/economic flipflop:

Now, as the Bush administration scrambles to prevent the collapse of the American International Group (AIG), the nation's largest insurance company, and stabilize a tumultuous Wall Street, the Republican presidential nominee is scrambling to recast himself as a champion of regulation to end "reckless conduct, corruption and unbridled greed" on Wall Street.

From the article above.

TPM has a lovely recapitulation of McCain's swinging back and forth between regulation and deregulation in recent days, or possibly hours, or even minutes:

http://thinkprogress.org/wonkroom/2008/09/16/mccain-regulation-2/


McCain is totally tight with Phil Gramm, who likely will be McCain's Secretary of the Treasury should McCain/Palin win the presidency, Gramm the author of the Gramm-Leach-Bliley Act of 1999 which nullfied the Glass-Steagall Act of 1933, because this critical aspect had to be removed:

The purpose of the act is to separate commercial banks that focus on consumers from investment banks, which deal with speculative trading and mergers.

But that was not enough for Phil Gramm. In the time between the time of the Supreme Court selection of George W. Bush as our 43rd president and his taking office, then President Clinton was trying to get congress to pass:

a $384 billion omnibus spending bill, and while the debates swirled around the passage of this bill, Senator Phil Gramm clandestinely slipped a 262-page amendment into the omnibus appropriations bill titled: Commodity Futures Modernization Act. It is likely that few senators read this bill, if any.

http://losangeles.injuryboard.com/miscellaneous/the-subprime-mess-and-phil-gramm-an-experiment-in-deregulation.aspx?googleid=242468


This "little" 262-page amendment laid the groundwork for Enron to occur, for the more recent energetic speculation in oil fueling the rise in cost of oil per barrel, as well as the price of gas out of the pump.

Reaganomics, the start of it all.

The Keating Five, the practice run in deregulation, also a fundraising bonus for John McCain as he rose from congressman to senate.

Phil Gramm, always aided by wife Wendy, never saw a governmental regulation he didn't want to stomp on, and went on to legislatively stomp out a number of such regulations, had the gall to call people whiners when they were savaged by his machinations.

John McCain. Black Monday, September 15, 2008. Inextricably linked.

America, wake up! We can't have four more years of this crap!

Posted by: DrainYou | September 25, 2008 9:54 PM | Report abuse

This is a pure Dem scandal...started in 1999 with Clinton and Franklin Raines. Can't wait unitl the emails come out from Chuck Schumer, Barmey Frank, Chris Dodd, Cuomo, etc. They raped Fannie and Freddie to promote inner city and minority home ownership for people who couldn't qualify for loans. Typical Dem vote getting scheme. And Obama is #3 on all-time ploitical contributions from Fannie May in only 2 years! Unbelievable!

Posted by: daman1 | September 25, 2008 9:53 PM | Report abuse

John McCain appears as someone's old senile grandfather trying to talk politics at a family reunion.

Posted by: YellowDogBill | September 25, 2008 9:53 PM | Report abuse

This bailout might not do it. It may just postpone the next great depression. But if it doesn't get passed and the system fails, the last depression will seem like tiddlywinks. The Republicans have been pushing deregulation for years and the Republican Congress passed the bill getting rid of Glasse-Stegall in 1999. That was the straw that broke the camel's back. I blame Bill Clinton for signing that bill, but he was worn out fighting the Monica Lewinsky impeachment silliness that the Republicans foolishly spent over 100 million dollars on and just went along with their plan.

Bring back every one of the FDR protections that were put in place in the 30's and 40's and this will never, ever happen again. If we make it through this depression. Where's FDR when we need him? I'm hopeful that Obama can fill those shoes.

If only my all my white brothers and sisters (yeah, I'm a white guy from South Carolina) could get over their objection to voting for a guy that's half black and half white. Whatever. He's the smartest guy in the room and we sure need that now.

Too bad McCain has gone senile. Can't even make the debate.

Posted by: Perry3 | September 25, 2008 9:52 PM | Report abuse

Let me see if I understand this?
* If you grow up in Hawaii, raised by your grandparents, you're "exotic, different."
* Grow up in Alaska eating mooseburgers, a quintessential American story.
* If your name is Barack you're a radical, unpatriotic Muslim.
* Name your kids Willow, Trig and Track, you're a maverick.
* Graduate from Harvard law School and you are unstable.
* Attend 5 different small colleges before graduating, you're well grounded.
* If you spend 3 years as a community organizer, become the first black President of the Harvard Law Review, create a voter registration drive that registers 150,000 new voters, spend 12 years as a Constitutional Law professor, spend 8 years as a State Senator representing a district with over 750,000 people, become chairman of the state Senate's Health and Human Services committee, spend 4 years in the United States Senate representing a state of 13 million people while sponsoring 131 bills and serving on the Foreign Affairs, Environment and Public Works and Veteran's Affairs committees, you don't have any real leadership experience.
* If your total resume is: local weather girl, 4 years on the city council and 6 years as the mayor of a town with less than 7,000 people with a balanced budget that you run into a $22 million debt, 20 months as the governor of a state with only 650,000 people, where you accept over $350 million of earmarks, then you're qualified to become the country's second highest ranking executive.
* If you have been married to the same woman for 19 years while raising 2 daughters, all within Protestant churches, you're not a real Christian. (Even though there is no religious test to be President.)
* If you cheated on your first wife with a rich heiress, and left your disfigured wife and married the heiress the next month, you're a Christian. (Again, there’s no religious test, but you’re still an adulterer.)
* If you teach children about sexual predators, you are irresponsible and eroding the fiber of society.
* If, while governor, you staunchly advocate abstinence only, with no other option in sex education in your state's school system while your unwed teen daughter ends up pregnant, you're very responsible.
* If your wife graduates from Harvard law and gives up a position in a prestigious law firm to work for the betterment of her inner city community, then gave that up to raise a family, your family's values don't represent America's.
* If you're husband is nicknamed "First Dude", with at least one DWI conviction and no college education, who didn't register to vote until age 25 and once was a member of a group that hates America and advocated the secession of Alaska from the USA, your family is extremely admirable.
Oh, let me add -- If your wife was addicted to prescription drugs, went through some rehab in lieu of jail time and stole from her charity -- well then you're even better qualified to be President!

It's much clearer now.

Barack Obama and Joe Biden want to change the direction of our country.

John McCain is a deceptive adulterer and Sarah Palin is the queen of earmarks.

Jesus Christ was a community organizer, Pontius Pilate was a Governor.

Posted by: YellowDogBill | September 25, 2008 9:52 PM | Report abuse

What is this country first b.s.?
You wanna sit in the u.s. wrapped in a flag
eating tuna fish, while your daughters are popping out illegitimate children?
Repulican values are bad news. Bad, bad news.

McCain has 13 cars and 7 er, (he dunno) houses. His main role is to keep them, all of them - even at our expense. I'm sick of the Repuli-"con" artists...
And I want all of the 2cents that I've worked for. Lehman and them can't manage their money (or the money they made off of of hard earned america tax dollars....too bad!
People first, we make the country!

Posted by: brndmnd04 | September 25, 2008 9:51 PM | Report abuse

Another McCain cover up at:

http://judicial-inc.biz/82jjohn_mccain_and_the_uss_forresta.htm

Navy Admiral dad took care of his son...

Posted by: billisnice | September 25, 2008 9:49 PM | Report abuse

Mark777: Thanks for the racist rant. I hope you vote for John McCain. We don't need people like you supporting Obama.

Posted by: ddell | September 25, 2008 9:44 PM | Report abuse

Why the Dems fall for this bailout is beyond me! The Reps can read the poll. Why can't the Dems? Vast majority of Americans are against it. 99 callers out of 100 are against it! Yet the entire Dem crew in Congress including Pelosi, Reid, Obama bends over backward to give Bush what he wants. Bush of all people! Five weeks before an election to determine who will replace Bush!

Now McCain will get to go on TV to bash Obama for rushing to throw away 700 billions of the people's money while he is being careful and deliberate.

With this new plan Republicans can start running ads saying Dems want to give away 700 billions to the despised Wall Street fat cats while they are against it.

This is just brilliant campaign strategy by Republicans and McCain. Dems & Obama are now with Bush on the bailout while Reps and McCain are with the voters. Brilliant!

Posted by: bobte | September 25, 2008 9:43 PM | Report abuse

MCCAIN=ECONOMIC WRECKER FOR POLITICAL ADVANTAGE

HOOVER OF DEPRESSION 2

Posted by: guytaur1 | September 25, 2008 9:41 PM | Report abuse

Both sides have been asleep in congress. Both sides are guilty...get a new team in DC.

Both demonuts and repugnuts are responsible for not minding the store.


http://groups.google.com/group/alt.tv.american-idol/browse_thread/thread/fdf365eca856debb?pli=1

Posted by: billisnice | September 25, 2008 9:38 PM | Report abuse

Thank God John McCain is putting country first while Obama is worrying about his camera time in the debate. This is a Democrat-created cesspool and I hope Dodd, Barney Frank, Chuck Schumer, Cuomo, and Franklin Raines get their day in court. And why did Obama get so much money from Fannie May over the last 2 years?? Let's do the autoposy. Barney Frank was opposing tightening lending rules for Fannie and Freddie as recently as 2003! Something smells rotten (and its usually a Dem when it smells).

Posted by: daman1 | September 25, 2008 9:37 PM | Report abuse

Now Bill Clinton is saying that Obama is sending him to Florida to round up the Jews and get "the cracker vote."

The Obama campaign is becoming more disgraceful by the minute!

Posted by: mark777 | September 25, 2008 9:36 PM | Report abuse

Wow, we've truly become a socialist country -- but we only socialize the losses of the rich. Billions in welfare for the rich! Free hand outs to those who did nothing but complain about social welfare. Sweet!

Posted by: ghuntcustom | September 25, 2008 9:33 PM | Report abuse

The Democrats caused this mess.


In 2003, the Republicans sought to impose strict regulations on Fannie Mae and Freddy Mac... but the Democrats refused!


Here's the New York Times article from September 11, 2003.


http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=1


There you have it.


Proof!


The Democrats DID NOT WANT to regulate Fannie Mae and Freddy Mac.


Note the Barney Frank quote on page 2 of the article. It's very revealing!


It was the Democrats who pushed for this deregulation -- because the liberals feared that regulations placed on Fannie Mae and Freddy Mac would deny home loans to poor minorities.


A vote for Obama in November is a vote for financial DISASTER. You ain't seen nothing yet!


The Democrats caused this financial mess with their stupid deregulation of the mortgage industry via liberal policies of forcing lenders to lend to poor people who can't possibly pay back.


Now we have Bill Clinton saying Obama is sending him to Florida to round up the Jews and get "the cracker vote."


The Obama campaign is a disgrace!

Posted by: mark777 | September 25, 2008 9:33 PM | Report abuse

Douglas Holtz-Eakin, McCain's chief economic adviser, is also the clown who said that, on economic policy, McCain did not speak for the McCain campaign.

Posted by: pali2500 | September 25, 2008 9:33 PM | Report abuse

Remember when McCain pulled out of the California GOP primary debate with W in 2000? This was after it was clear that he was getting trounced.

History repeats itself. McCain, debate Obama tomorrow or forever be labeled a coward and a fraud.

Posted by: WilliamJ1 | September 25, 2008 9:31 PM | Report abuse

Oh I get it! John McCain is going to save the day in a bipartisan effort by watching the committees do their work. Hell, why have committees with knowledgeable senators and professional economists in a committee? Lets just get rid of them all and let the great omniscient John McCain fix everything on his own. In fact, lets just get rid of the whole government and have John McCain solve all of America's problems! Starting with Presidential Debates.........oh wait a second. He's already called off the first Debate. Bully! That's how to rule: no questions - no debate. We don't need government! We don't need debate! We don't need democracy! All we need is the omnipotent, straight talking, all-knowing John McCain!!!

Posted by: woody21 | September 25, 2008 9:29 PM | Report abuse

John McCain - Putting his campaign before his country.....again.


McCain knows all about bailing out rich bankers and screwing over middle class and poor people, he's been doing it for years:
.
http://www.youtube.com/watch?v=jxBCAaulG-k
.


*McCain - Founding Member of the Keating Five

McCain was one of the "Keating Five," congressmen investigated on ethics charges for strenuously helping convicted racketeer Charles Keating after he gave them large campaign contributions and vacation trips.
Charles Keating was convicted of racketeering and fraud in both state and federal court after his Lincoln Savings & Loan collapsed, costing the taxpayers $3.4 billion. His convictions were overturned on technicalities; for example, the federal conviction was overturned because jurors had heard about his state conviction, and his state charges because Judge Lance Ito (yes, that judge) screwed up jury instructions. Neither court cleared him, and he faces new trials in both courts.)

Though he was not convicted of anything, McCain intervened on behalf of Charles Keating after Keating gave McCain at least $112,00 in contributions. In the mid-1980s, McCain made at least 9 trips on Keating's airplanes, and 3 of those were to Keating's luxurious retreat in the Bahamas. McCain's wife and father-in-law also were the largest investors (at $350,000) in a Keating shopping center; the Phoenix New Times called it a "sweetheart deal."


Here's some more straight-talk, my friends:
.
http://www.realchange.org/mccain.htm
.

Posted by: DrainYou | September 25, 2008 9:29 PM | Report abuse

The Democrats caused this mess.


In 1999, Bill Clinton signed into law The Financial Services Modernization Act -- a bill that effectively deregulated the US financial services industry.


In 2003, the Republicans sought to impose strict regulations on Fannie Mae and Freddy Mac... but the Democrats refused!


Here's the New York Times article from September 11, 2003.


http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=1


There you have it.


Proof!


The Democrats DID NOT WANT to regulate Fannie Mae and Freddy Mac.


Note the Barney Frank quote on page 2 of the article. It's very revealing!


It was the Democrats who pushed for this deregulation -- because the liberals feared that regulations placed on Fannie Mae and Freddy Mac would deny home loans to poor minorities.


A vote for Obama in November is a vote for unprecedented financial DISASTER. You ain't seen nothing yet!


The Democrats caused this financial mess with their stupid deregulation of the mortgage industry via liberal policies of forcing lenders to lend to poor people who can't possibly pay back.

Posted by: mark777 | September 25, 2008 9:28 PM | Report abuse

If the Bailout Bill is a bad deal for the taxpayers, then I want McCain to oppose it. He may get overriden, but at least he can say he fought it.

Posted by: MarkInAustin | September 25, 2008 9:28 PM | Report abuse

Oh I get it! John McCain is going to save the day in a bipartisan effort by watching the committees do their work. Hell, why have committees with knowledgeable senators and professional economists in a committee? Lets just get rid of them all and let the great omniscient John McCain fix everything on his own. In fact, lets just get rid of the whole government and have John McCain solve all of America's problems! Starting with Presidential Debates.........oh wait a second. He's already called of the first Debate. Bully! That's how to rule: no questions - no debate. We don't need government! We don't need debate! We don't need democracy! We need the omnipotent, all-knowing John McCain!!!

Posted by: woody21 | September 25, 2008 9:22 PM | Report abuse

So let's see. On Wednesday negotiators announce that they have settled the major sticking points. McCain disregards and instead starts to stir-up opposition with talk of the plan being "dead." Then on Thursday morning they reach and agreement on all key points. McCain arrives and closets with his allies, still determined to stop the Friday debate. Then the White House drags everyone down for a photo-op. Then McCain allies (led by almost-running mate Eric Cantor) introduce a patently absurd political stunt plan (how to solve the crisis: Tax Cuts!) to delay the plan.

This is clearly all about McCain trying to avoid the debate and spin out the crisis until he can fin a way to play a hero in it. God help America if this egomaniacal drama-addicted prima donna gets to the White House.

Posted by: CormacNYC | September 25, 2008 9:22 PM | Report abuse

Just last week, McTantrum's chief economic adviser was asked about the relevance of McLame's Commerce committee experience and responded that McAged (a self-proclaimed computer illiterate) was responsible for the invention of the BlackBerry.

Yup, asked what work John McOld did as chairman of the Senate Commerce Committee that helped him understand the financial markets, Holtz-Eakin produced... a BlackBerry.

"He did this," Douglas Holtz-Eakin told reporters, holding up his BlackBerry. "Telecommunications of the United States is a premier innovation in the past 15 years, comes right through the Commerce Committee. So you're looking at the miracle John McCain helped create and that's what he did."

The BlackBerry is a Canadian invention.

Douglas Holtz-Eakin is typical of the kind of idiot with which the senile old fool McMansions surrounds himself.

Phil Gramm, the individual most responsible for the current financial meltdown, is another.

Carly Fiorina, the failed Hewlett-Packard executive who said that both McGigolo and Palin were incapable of running a corporation, is another.

McSenile's campaign manager, Rick Davis, a lobbyist who was on the take from Freddie Mac until last month (and lied about it, as did McLiar) is another.

You want to put these bozos and incompetents in charge of the country?

Hasn't the unending disaster of the last eight years been enough?


Posted by: pali2500 | September 25, 2008 9:21 PM | Report abuse

Obviously, the conferees hoped to have a program ready before McCain arrived to wreck the whole plan. Hence, the early announcement of "a deal." Nevertheless, although late, the Senator was able to throw in his typical monkeywrench.

Posted by: filoporquequilo | September 25, 2008 9:18 PM | Report abuse

looks like Senator McCain arrived just in time to snatch defeat from the jaws of victory!

His posturing as the white knight riding in to save the day was doomed to failure from the beginning. Fact is both he and Obama may be the candidates for the Presidency but their legal authority is no greater than 98 other men and women in the Senate. His interjecting himself at this time in such a totally political manner confused the issue and gave the conservative Republican minority in the House a rallying point from which to slow down and, possibly, kill the deal which leaders of both houses and the White HOuse had negotiated.

If, God forbid, our government is not able to cobble together some form of relief package for the financial industry and we see an implosion of the economy and markets in the next few weeks not only Mr. McCain but every Republican who stands with him in insisting a ball out be there way or the highway should be booted out of office and replaced by elected officials who care more about the common good than adhering to "free market" principles; it was that myth which got us here in the first place. Will the true believers on the right never learn?

I for one hope McCain decides not to go to Oxford and debate Obama. The empty podium will be perfect metaphor for a man who abandoned his ship and went AWOL when his country needed him. Country First! Yeah!

Posted by: bobfbell | September 25, 2008 9:18 PM | Report abuse

patrick10:

Did you even read the post by "whoputsamericafirst"?

Posted by: MarkInAustin | September 25, 2008 9:14 PM | Report abuse

newagent99; you're the one whose wrong. everyone knew some house republicans weren't on board. everyone knew this was delicate, and the senate leadership was hopeful that momentum would build and they wouldn't be able to kill the deal.

then McCain shows up and mucks the whole thing up.

now he is playing cute. he predicts a deal and says "it will be up to the American people to decide how much credit to give him" someone needs to tell him it's silly to act humble and downplay your role when you didn't have a role, and the only credit you can claim is zip. we don't even know where he stands on the bill because he won't tell us. what kind of a leader keeps it a secret what he's up to?

Posted by: JoeT1 | September 25, 2008 9:13 PM | Report abuse

Does McCain realize the seriousness of running for president? Are we suppose think he is for real?

He keeps telling us Palin is qualified to back him up as president. And she says she can see Russia from Alaska. Then when Couric asked her if she wants to explain the comment, her response was that since we launch USAF fighters from Alaska to track Russian jets that thus has given her foreign policy experience. WTF??

Do we really feel comfortable finding anything at all that appears to be foreign relations related and some how cut and paste it into a brief faux rationalization for her qualifications to be president?

We're there no other candidates with legitimate skills and experiences available?

And now McCain is portraying all this political theater with his dramatic campaign suspension and will he or won't he show up for the Friday night debate.

His job is to run for president during the next 6 weeks. It's the role he insisted he would be best at. So why he is dancing around these issues creating as much drama that is overshadowing the real events of the week is really quite strange.

He certainly has put "McCain First" this week. Bold leadership? Maybe.

I suggest his maverick and questionable judgemnent has permanently wounded his efforts. He keeps shooting himself in the foot. Not a good sign.

Posted by: patrick10 | September 25, 2008 9:09 PM | Report abuse

Folks, we are in a recession created by a corrupt congress and prez. This is just the start...what other companies will go under soon?

Does anyone want to bet there life savings that this bailout will be the end of this mess?

If you believe congress and Bush, you are one dumbutt...lol

Posted by: billisnice | September 25, 2008 9:08 PM | Report abuse

Most sane people universally agree that the reason this nation is on the verge of economic collapse is because of deregulation and no oversight. Watch the YouTube video of the 2008 Republican Convention where speaker after speaker after speaker railed at the podium about the need for less regulation and less government oversight. Just watch it and tell me the Republicans aren't on the wrong side of this issue! I dare you to tell me otherwise!

Posted by: logcabin1836 | September 25, 2008 9:07 PM | Report abuse

Please, someone give McCain a windmill to tilt before he goes after the Capitol Dome. Never has a major party candidate been so irrelevant as John McCain. Nobody cares what he thinks.

Posted by: dcwsano | September 25, 2008 9:06 PM | Report abuse

Obama is no shining star, but watching McCain unravel is just down right painful. I'm just sitting here shaking my head. I suppose if I were a supporter of his, I would try to write some wacky comments of support in hopes I eventually can convince myself. That's the only way I can explain some of the comments that people are leaving here.

Posted by: ddell | September 25, 2008 9:04 PM | Report abuse

McCain has grandstanded for the conservative base by stopping the agreement.
On the one hand, the President says we have to resolve this immediately.
It was so important, that McCain is trying to get out of the debate.

On the other hand McCain now actually proposes a committee study group to produce a response in 90 days.

Posted by: ottothewise | September 25, 2008 9:04 PM | Report abuse

If McCain is manipulating this thing he is a traitor. I would not put it pass him. The man makes Cheney look like a choir boy.

Posted by: rcc_2000 | September 25, 2008 9:02 PM | Report abuse

Explain to me what "suspending your campaign" means. For McCain, his "suspended campaign" includes continuously running attacks ads, making multiple television appearances to talk about how noble he is for not campaigning, and sending his campaign staffers to do more interviews about how Obama is "politicizing" the process.

The only thing that McCain seems incapable of doing with his campaign "suspended" is showing up for the debates or making any meaningful contribution to his role in the US Senate.

Posted by: AxelDC | September 25, 2008 9:00 PM | Report abuse

This entire crisis is largely due to Bush,McCain, Phil Gramm and other Republicans that have screamed for deregulation and less government oversight over the years. Watch the youtube video of the 2008 Republican Convention with speaker after speaker railing about how we needed less regulation, less oversight! And the same John McCain is now going to drive this nation into another Great Depression for his 11th hour demands AFTER an agreement had been made earlier today, before he parachuted into negotiations he should have stayed out of. This war, this economy are Republican creations pure and simple.

Posted by: logcabin1836 | September 25, 2008 8:59 PM | Report abuse

ah, you're wrong again...
While the media rushed off to announce the deal, the Republicans in the House were announcing there was no deal.
ABC news got it right, Washington post , in a hurry to praise obama, got it wrong.

Posted by: newagent99 | September 25, 2008 8:57 PM | Report abuse

Obama says he does not have to disengage from campaigning to attend to the financial crisis since he says a President should be able to handle more than one issue at a time.
Yeah, right Obama! This coming from a man who voted "present" several hundred times on issues he failed to understand or address.

Posted by: zqll1 | September 25, 2008 8:56 PM | Report abuse

McCain is doing it again. He prides himself as a maverick who wants to do thing his way. He interjects himself into the negotiation for the bailout legislation. Before his intervention, the leaderships of both Democrat and Republican have anounced their agreement in principal. Now it is up in the air. He is determined to stop the agreement and the presidential debate tomorrow.

Posted by: carl12 | September 25, 2008 8:53 PM | Report abuse

Am I missing something here?

The debate has been scheduled for months. McCain pulled out of the debate two days before, citing national emergency.

Let's give him the benefit of the doubt and call that bold leadership.

It's now the DAY BEFORE the debate, everyone is stunned by his whacky move and a reported asked the campaign is the debate is really off or not. Did the guy really answer "We've got to see..."?!?!

That's not leadership. It's not even Maverick. It's somewhere between nuts and just plain rude! (even if it was just a dinner party, he would be obliged to make up his mind, so other people can make plans)

Posted by: rwolf01 | September 25, 2008 8:53 PM | Report abuse

From:
Head of State
http://headofstate.blogspot.com/2008/09/mccain-and-bushs-kabuki-theatre-mccain.html

Thursday, September 25, 2008
Credit Where Credit Isn't Due: McCain and Bush's Kabuki Theatre

Now we know why McCain hired the Bush contingent.

It emerged in the White House briefing today that McCain called Bush and asked him to initiate a meeting today at 4 pm at the White House, putatively for him to "deal with" the crisis.

That is, McCain asked Bush to help him create an trifecta: To try to lend some credence to McCain's desperate assertion that a suspension of his campaign is necessary, in effect either avoiding a debate in which he would face critical questions about his stance on the economy or marching in claiming "victory"; attempting to co opt the financial crisis thereby trying to put an end to his plummeting in the polls created by his flailing positions on the economy--perhaps best reflected by his statement days ago that the "fundamentals of the economy are strong"; and also perhaps buying more time for Sarah Palin after her embarrassing photo op at the UN yesterday, by moving her debate forward as well.

Here's how it happened, according to Q and A at the WHB:

McCain emailed Bush asking for the 4 P.M. meeting. Now, one reasonably might ask, why is today such a necessity for McCain, if his interest is solely the national good?

Because it is before the debate. McCain hopes to stage a meeting at the White House, thereby, with Bush's cooperation, lending plausibility to his claim to need to suspend his campaign. Then, if Republicans, in their own electoral interest, can be persuaded to come to agreement, before the debate, he would claim--in an act of utter stage management--to have "resolved" the crisis. Thereby hoping to take the heat off on his past careening stances and sliding polls and staunch the bleeding on the polls--before the debate.

This is Kabuki Theatre masquerading as substance--no different than what we saw at the U.N. yesterday.

It is utterly stage managed, utterly cynical, and utterly unrelated to the substantive deliberation necessary to actually resolve these matters on the merits and for our nation's future, rather than for short-term and desperate political advantage.

These occurrences are equally important for what they indicate about McCain's governing style as they are for their impact upon democratic process: impulsive acts that rely on drama and theatrical posture rather than substantive reasoning and long-term deliberation; a strong willingness to sacrifice substantive reasoning, deliberative process, and even prior structures and agreements to immediate political need; an attempt to reach outcomes through last minute stage management rather than substantive argument.

These should create deep concern for anyone who wishes for a change in governmental process from the past eight years.

We have an economy, rather than a campaign, to rescue. Putting nation before politics means putting all attempts to resolve it before political attempts to co opt it--and to move towards one's commitments, rather than towards a more immediate and short-term salvation.

Cite:
Head of State
http://headofstate.blogspot.com/2008/09/mccain-and-bushs-kabuki-theatre-mccain.html

Posted by: caraprado1 | September 25, 2008 8:52 PM | Report abuse

Also, from the NY Times September 11, 2003 article:

''The regulator has not only been outmanned, it has been outlobbied,'' said Representative Richard H. Baker, the Louisiana Republican who has proposed legislation similar to the administration proposal and who leads a subcommittee that oversees the companies. ''Being underfunded does not explain how a glowing report of Freddie's operations was released only hours before the managerial upheaval that followed. This is not world-class regulatory work.''
"Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing."

Democrats are pretty much to blame for today's crisis.

Posted by: zqll1 | September 25, 2008 8:50 PM | Report abuse

What a ridiculous attempt by John McCain's campaign to try to re-establish his relevance.
God help us if he is elected. This is embarrasing even for his supporters.

Posted by: ddell | September 25, 2008 8:50 PM | Report abuse

spenceradams said:

McCain's campaign "suspension" is a LIE! Want proof?

MCCAIN CAMPAIGN STILL ACTIVE ACROSS COUNTRY
http://www.huffingtonpost.com/2008/09/25/mccain-campaign-still-act_n_129327.html

Couldn't you guys at the Post have made these calls, too?
--------------------
The trouble is that the Huffington Post hates McCain so much they can really not be relied on. How much of Mccain's campaign is it OK for him to continue? Can a man on a fast be allowed to breathe - or is he cheating if he breathes? I think it is not cheating if McCain's campaign goes on to some extent. What is important is that McCain is now in Washington and not personally campaigning.

Is he grandstanding? Is he trying to help? There seem to be a lot of psychics here who are sure that he is grandstanding. Quite frankly I personally don't know, and these Democrats who think they can read McCain's mind, maybe they are mistaken. I would love to see some non-partisan reporting, and even some balanced comments.

Posted by: rohitcuny | September 25, 2008 8:48 PM | Report abuse

I doubt that many Founding Fathers envisioned someone like Obama becoming President

And you got this all figured out on your own?? Wow. Impressive.

Posted by: patrick10 | September 25, 2008 8:47 PM | Report abuse

The idiot Barney Frank says:

"This is the presidential campaign of John McCain undermining what Hank Paulson tells us is essential for the country," said Democratic Rep. Barney Frank, (D-Mass.), chairman of the House Financial Services Committee. "This is McCain at the last minute getting House Republicans to undermine the Paulson approach."

From the New York Times:

"September 11, 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios."

Frank's response at the time:

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
-------
Barney was probably to busy with his boy-toy procurement business to pay too much attention to what was going on I bet.

Posted by: zqll1 | September 25, 2008 8:44 PM | Report abuse

McCain: The Most Reprehensible of the Keating Five

The story of "the Keating Five" has become a scandal rivaling Teapot Dome and Watergate

By Tom Fitzpatrick
Published on November 29, 1989

You're John McCain, a fallen hero who wanted to become president so desperately that you sold yourself to Charlie Keating, the wealthy con man who bears such an incredible resemblance to The Joker. Obviously, Keating thought you could make it to the White House, too.

He poured $112,000 into your political campaigns. He became your friend. He threw fund raisers in your honor. He even made a sweet shopping-center investment deal for your wife, Cindy. Your father-in-law, Jim Hensley, was cut in on the deal, too.

Nothing was too good for you. Why not? Keating saw you as a prime investment that would pay off in the future.

So he flew you and your family around the country in his private jets. Time after time, he put you up for serene, private vacations at his vast, palatial spa in the Bahamas. All of this was so grand. You were protected from what Thomas Hardy refers to as "the madding crowd." It was almost as though you were already staying at a presidential retreat.

Like the old song, that now seems "Long ago and far away."

Since Keating's collapse, you find yourself doing obscene things to save yourself from the Senate Ethics Committee's investigation. As a matter of course, you engage in backbiting behavior that will turn you into an outcast in the Senate if you do survive.

They say that if you put five lobsters into a pot and give them a chance to escape, none will be able to do so before you light the fire. Each time a lobster tries to climb over the top, his fellow lobsters will pull him back down. It is the way of lobsters and threatened United States senators.

And, of course, that's the way it is with the Keating Five. You are all battling to save your own hides. So you, McCain, leak to reporters about who did Keating's bidding in pressuring federal regulators to change the rules for Lincoln Savings and Loan.

When the reporters fail to print your tips quickly enough--as in the case of your tip on Michigan Senator Donald Riegle--you call them back and remind them how important it is to get that information in the newspapers.

The story of "the Keating Five" has become a scandal rivaling Teapot Dome and Watergate. The outcome will be decided, not in a courtroom, but probably on national television.

Those who survive will be the sociopaths who can tell a lie with the most sincere, straight face. You are especially adept at this.

Last Friday night, on The John McLaughlin Show, which features well-known Washington journalists, the subject of the Keating Five was discussed. Panelist Jack Germond suggested that three of the Keating Five were probably already through in politics.

So you spend your days desperately trying to make sure you will be one of the survivors. You keep volunteering to go on radio and television stations to protest your innocence. Last week you made ABC's Nightline.

Not long before that you somehow managed to get James Kilpatrick, the national columnist, to write a favorable paragraph about you. Last Sunday morning, you made it to national television again; this time on ABC's This Week With David Brinkley. You smiled at the panel with your usual studied insouciance. Sitting next to you was Senator John Glenn of Ohio.

Brinkley, Sam Donaldson, and George Will were the interrogators.
It was a sobering scene. There you sat with Glenn, both sweating before the cameras, waiting to answer questions: two badly tarnished American icons.

No one forgets that Glenn was the first American astronaut to orbit the Earth. You won't let anyone forget that you were a prisoner of war. But you have played that tune too long. By now your constant reminders about your war record make you seem like a modern version of Arthur Miller's tragic failure Willy Loman.

Clearly, both you and Glenn sold your fame for Charles Keating's money.

It was a Faustian bargain. It was also a bad joke on the rest of us and a disaster for many old people who lost their life's savings to Keating.

The money was never really Keating's to give. But he never would have got his hands on it if you and the rest of the Keating Five didn't halt the government takeover for two long years while Keating's people continued their looting.

And now, the tab for the Savings and Loan heist must be paid from taxpayer pockets.

On Sunday, Senators Dennis DeConcini, Alan Cranston, and Riegle refused offers to appear on the Brinkley show. What must we make of that?

You, the closest of them to Keating and the deepest in his debt, have chosen the path of the hard sell. You may even make it out of the pot, but to many, your protestations of innocence taste like gall.

You are determined to bluff your way. You will stick to your story that you were acting to help a constituent and intended to do nothing improper. The very fact you attended the meeting makes you guilty, just as every man who entered the Brinks vault went to prison.

McCain: The Most Reprehensible of the Keating Five
The story of "the Keating Five" has become a scandal rivaling Teapot Dome and Watergate
By Tom Fitzpatrick
Published on November 29, 1989
You're John McCain, a fallen hero who wanted to become president so desperately that you sold yourself to Charlie Keating, the wealthy con man who bears such an incredible resemblance to The Joker.Subject(s):
John Mc John McCain, Keating FiveObviously, Keating thought you could make it to the White House, too.
He poured $112,000 into your political campaigns. He became your friend. He threw fund raisers in your honor. He even made a sweet shopping-center investment deal for your wife, Cindy. Your father-in-law, Jim Hensley, was cut in on the deal, too.

Nothing was too good for you. Why not? Keating saw you as a prime investment that would pay off in the future.

So he flew you and your family around the country in his private jets. Time after time, he put you up for serene, private vacations at his vast, palatial spa in the Bahamas. All of this was so grand. You were protected from what Thomas Hardy refers to as "the madding crowd." It was almost as though you were already staying at a presidential retreat.

Like the old song, that now seems "Long ago and far away."

Since Keating's collapse, you find yourself doing obscene things to save yourself from the Senate Ethics Committee's investigation. As a matter of course, you engage in backbiting behavior that will turn you into an outcast in the Senate if you do survive.

They say that if you put five lobsters into a pot and give them a chance to escape, none will be able to do so before you light the fire. Each time a lobster tries to climb over the top, his fellow lobsters will pull him back down. It is the way of lobsters and threatened United States senators.

And, of course, that's the way it is with the Keating Five. You are all battling to save your own hides. So you, McCain, leak to reporters about who did Keating's bidding in pressuring federal regulators to change the rules for Lincoln Savings and Loan.

When the reporters fail to print your tips quickly enough--as in the case of your tip on Michigan Senator Donald Riegle--you call them back and remind them how important it is to get that information in the newspapers.

The story of "the Keating Five" has become a scandal rivaling Teapot Dome and Watergate. The outcome will be decided, not in a courtroom, but probably on national television.

Those who survive will be the sociopaths who can tell a lie with the most sincere, straight face. You are especially adept at this.

Last Friday night, on The John McLaughlin Show, which features well-known Washington journalists, the subject of the Keating Five was discussed. Panelist Jack Germond suggested that three of the Keating Five were probably already through in politics.

So you spend your days desperately trying to make sure you will be one of the survivors. You keep volunteering to go on radio and television stations to protest your innocence. Last week you made ABC's Nightline.

Not long before that you somehow managed to get James Kilpatrick, the national columnist, to write a favorable paragraph about you. Last Sunday morning, you made it to national television again; this time on ABC's This Week With David Brinkley. You smiled at the panel with your usual studied insouciance. Sitting next to you was Senator John Glenn of Ohio.

Brinkley, Sam Donaldson, and George Will were the interrogators.
It was a sobering scene. There you sat with Glenn, both sweating before the cameras, waiting to answer questions: two badly tarnished American icons.

No one forgets that Glenn was the first American astronaut to orbit the Earth. You won't let anyone forget that you were a prisoner of war. But you have played that tune too long. By now your constant reminders about your war record make you seem like a modern version of Arthur Miller's tragic failure Willy Loman.

Clearly, both you and Glenn sold your fame for Charles Keating's money.

It was a Faustian bargain. It was also a bad joke on the rest of us and a disaster for many old people who lost their life's savings to Keating.

The money was never really Keating's to give. But he never would have got his hands on it if you and the rest of the Keating Five didn't halt the government takeover for two long years while Keating's people continued their looting.

And now, the tab for the Savings and Loan heist must be paid from taxpayer pockets.

On Sunday, Senators Dennis DeConcini, Alan Cranston, and Riegle refused offers to appear on the Brinkley show. What must we make of that?

You, the closest of them to Keating and the deepest in his debt, have chosen the path of the hard sell. You may even make it out of the pot, but to many, your protestations of innocence taste like gall.

You are determined to bluff your way. You will stick to your story that you were acting to help a constituent and intended to do nothing improper. The very fact you attended the meeting makes you guilty, just as every man who entered the Brinks vault went to prison.

Posted by: Russell4America | September 25, 2008 8:38 PM | Report abuse

the term bailout refers to mccain backing out the debate. trying the old rope a dope won't work. by pulling this stunt will backfire. obama has won this one by a tko.

Posted by: stephenarmitage | September 25, 2008 8:37 PM | Report abuse

Can we see Cindy McCain's Schedule E of her tax return?
Her 2006 return says she received $4.55 million in "Rental real estate, royalties, partnerships, S corporations, trusts, etc."

She was granted an extension on her 2007 return -- why does she need an extension? She has the accounting staff to get her tax return done in time.

How is her Schedule E faring this year? Is that why McCain felt so urgent about getting back to Washington?

Posted by: yihe94703 | September 25, 2008 8:37 PM | Report abuse

Chevy55sc1, no offense, but your comments are steeped in ignorance. I recently graduated with an MBA and immediately sought a job in the non-profit sector. Not everyone sees a career on wall street as the symbol of success. Just because Obama went to Harvard does not mean he should pursue a corporate career, and his decision to not do so is not failure.
Find better things to dislike about him - for example, a thought-out disagreement with his policies and proposals, not his decision to not fulfill your academic and career fantasies.

Posted by: perihelion75 | September 25, 2008 8:34 PM | Report abuse

whoputsamericaforst:

I doubt that many Founding Fathers envisioned someone like Obama becoming President.

Posted by: MarkInAustin | September 25, 2008 8:34 PM | Report abuse

hmmm. isn't something else scheduled for next Thursday night?

Posted by: michael4 | September 25, 2008 8:29 PM | Report abuse

Just saw one them --Shelby-- who is usuallay cohesive. But at this point the republican are for nothing! Nothing! Nothing is better than any deal brokered by the democrats. The republicans want John McCain to descend from the sky on his winged white horse and solve this crisis with angels and cherubs trumpeting around him! I say let them hang dry. Do nothing, wait for the market to correct itself in the best possible way! Isn't it what republicans are for? GO Obama!

Posted by: RegisUrgel | September 25, 2008 8:29 PM | Report abuse

According to dcpsychic "The Obama people are circulating a PBS online poll on Sarah Palin in order to skew it. You can access it at my blog-don't let the Dems get away with dirty tricks!

http://mccain08-hillary2012.blogspot.com/
______________________________

Let me introduce you to the idea of RESEARCH. FACT-CHECKING! This poll was conducted by WETA and NOW, and posted on the WETA website. Originally there was no limit on the number of times a user could vote. The site was swamped by people voting multiple times. Viral e-mails circulated through both right-wing and left-wing blogs encouraging people to vote on it. See WETA's account of the story at http://www.pbs.org/now/polls/poll-435.html

As dcpsychic claims in his lurid headline, "Liberal Blogs Trying to Skew PBS Poll on Sarah Palin." Yes, OK, but conservative blogs were doing the same thing. THE OBAMA CAMPAIGN HAD NOTHING TO DO WITH IT.

It makes me very, very sad that so many people in this once great country now consider it OK to engage in such dishonorable behavior. That seems to be the model offered by our "leaders."

Barack Obama is the first candidate I've seen in a long time who gives me any hope for the decent and prosperous country our Founders envisioned. PLEASE. PLEASE. PLEASE. Don't let this last great hope slip away.

Posted by: whoputsamericafirst | September 25, 2008 8:24 PM | Report abuse

"The unfortunate reality is, global investors look on and see a foundering market. If they are not convinced serious action will be taken, there may well be a mass selloff and a run on the banks like nothing seen in generations. That is how life savings are wiped out over night."

Yeah, this is truth.

Look at what the money markets are doing.

It's grim.

Apparently people have no concept how fast this will ruin them if this gets anymore out of control than it is.

McCain has really screwed up.

Posted by: plaza04433 | September 25, 2008 8:23 PM | Report abuse

Doesn't this force John Boehner to resist all compromises to save McCain's image? No one can deny that presidential politics brought this process to a screeching halt this afternoon. Everyone needs to chill out. And John McCain should get to Mississippi pronto.

Posted by: ChrisDC | September 25, 2008 8:22 PM | Report abuse

Either the media will expose this charade for what it is, or as a nation we have no free press. This will be interesting and revealing about the credibility of the US media.

Posted by: fishingriver
===========================================
You give the media to much credit. I get nothing from them and with the net who needs them?

We now have the ability to make our own opinions as we see things as they happen.

The media to me are nothing but a bunch of hacks that bloviate their elitist opinions and think they're better then anyone else.

To me they're a non-issue and great to poke fun of.

Posted by: Chevy55sc1 | September 25, 2008 8:21 PM | Report abuse

McCain entering the clear water means dirty mud can now be kicked up in the pool.

Posted by: sketchpada | September 25, 2008 8:19 PM | Report abuse

John McCain is a poser. Have a good lunch, John? When I work through a crisis, I eat at my desk. Enjoy your DC photo op.

By the way, you don't put democracy on hold during a crisis. What is this, the Soviet Union? Should we declare a State of Emergency and send troops into the streets, too? GET OUT THERE AND DEBATE!

Unless, of course, you know you've lost this race and are pulling the same stunt you did in California during the 2000 GOP primary. Check it out. GET OUT THERE AND DEBATE! UNLESS YOU'RE SCARED, OF COURSE.

The arrogance of this guy is unreal.

NO WAY, NO HOW, NO MCCAIN!

Posted by: WilliamJ1 | September 25, 2008 8:15 PM | Report abuse

Either the media will expose this charade for what it is, or as a nation we have no free press. This will be interesting and revealing about the credibility of the US media.

Posted by: fishingriver | September 25, 2008 8:13 PM | Report abuse

Posted by: Hawaiian_Gecko | September 25, 2008 8:06 PM | Report abuse

John Zogby is now predicting a McCain landslide if Nobama doesn't make his case

The Facts:

First off John and his brother are two left wing hacks.

secondely and iv'e stated it before, private polls have McCain running away with this thing.

don't ever forget, it's to a pollsters advantage to keep the race close regardless of the facts.

There's big money in this as long as they give the appearance of a close race.

I believe Zogby is pulling the ole CYA deal.

He knows what's going down.

Why can't anyone adnit the most obvious.

NOama is an empty suit with a piss poor resume after he left school.

I'm still waiting to hear what wall street firm NObama turned down to be a community organizer.

What peron goes to Harvard to become a community organizer. Case closed baby!

Chevy

Posted by: Chevy55sc1 | September 25, 2008 8:06 PM | Report abuse

Posted by: Hawaiian_Gecko | September 25, 2008 8:05 PM | Report abuse

Rick Davis threw another "Flash Bang Grenade" I told you in previous posts that he would do this. Here is the reason for todays grenade.


NEW YORK TIMES 9/24/08

"...The disclosure undercuts a remark by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years...


"....As president of the Homeownership Alliance, Mr. Davis received $30,000 to $35,000 a month. He, along with Fannie Mae and Freddie Mac, have characterized the alliance as a coalition of many housing industry and consumer groups to promote homeownership, but numerous current and former officials at both companies say the companies created and bankrolled the operation to combat efforts by competitors to rein in their business. The companies dissolved the group at the end of 2005 as part of cost-cutting in the wake of accounting scandals and, at Freddie Mac, a lobbying scandal that forced out its top Republican lobbyist....

On Monday, the McCain campaign attacked The Times for its account of those payments to Mr. Davis, saying the paper was “150 percent in the tank” for Mr. Obama. Mr. Davis said that he had worked not for the two companies but for the advocacy group, which included other organizations as well and, he said, was focused only on promoting homeownership....

..After the Homeownership Alliance was dissolved, Mr. Davis asked to stay on a retainer, the people familiar with the deal said. Hollis McLoughlin, who was chief of staff to Richard F. Syron, Freddie Mac’s chief executive, arranged for a new contract with Davis Manafort at the reduced rate of $15,000 a month, they said..."

The unintended victim is...well, remember George F. Will's comment "McCain has lost his head"

Posted by: MILLER123 | September 25, 2008 8:05 PM | Report abuse

After reading this article and subsequent posts, I just become increasingly angry. This stunt that John McCain is his worst yet. Both sides of the aisle were working together the entire week to determine the best way to move forward. Then, John McCain decides to insert himself into a negotiation he cared little about until two weeks ago, and stalls the whole process out. The Hill released the proposed bills of McCain and Obama for the 110th congress.
http://thehill.com/leading-the-news/mccain-has-introduced-no-banking-bill-this-congress-2008-09-25.html

McCain sponsored 38 measures this congress with zero being referred to the banking committee. Obama has introduced 130 measures with 5 of them being referred to the banking committee. They are consistent with what he currently advocates on the campaign trail.

A real leader knows when to interject himself and when to get out of the way. This was an instance when he should have gotten out of the way since he doesn't have anything to add to the conversation.

Posted by: stilloptimistic | September 25, 2008 8:05 PM | Report abuse

For the thinking people...
Unlike the mediocrity you get out here on WP. This article is not as such pro/anti McCain. Just a thoughtful, evaluation of the situation. The sort of common sense incisiveness the frantic writers of Washington Post have ceased to be....

McCain Plays It Like McCain By Jay Cost.

There has been a lot of discussion about McCain's decision to suspend his campaign. I'll toss in my two cents.

I do not think it is a purely political move, a stunt or ploy designed only to advance McCain-Palin's message. The politics of it are too complicated for anybody to predict what will happen - which means that McCain is taking a risk. Few stunts are actually risky; they just appear to be.

I see two serious dangers for McCain. The first is with the images. The second is with the tricky assignment of credit.

First, one reason members of Congress do not typically get elected to the presidency is that, whereas the President seems big, Congress seems small. Congress is not a national body, per se. Rather, it is the meeting place of representatives from the various parts of our nation. Nobody in Congress is responsible to the nation at large. Instead, each is responsible to just a small slice of it. It's a fallacy of composition to believe that because each member of Congress tends a parcel of the nation, the whole Congress tends the whole nation.

This invariably shows through in the images we see of Congress in operation. Contrast your mental pictures of Congress with your pictures of the President, and you'll see what I'm driving at. Congress is not the place you want to put your presidential candidate 40 days before the election. The images might work for McCain if Congress had a prime minister position that McCain could effectively inhabit for the period of this "crisis." But there is no such role. So, by going back to Congress, McCain runs the risk of looking like he belongs there and not in the White House.

Second, an important element to the congressional dynamic is the assignment of credit and the avoidance of blame. Why is it that all of the legislators who have had a hand in this mess can preen about how awful it is? It has to do with the way Congress is organized. Blame is very diffuse - not just in terms of appearances, but also in actual governance. You can never blame just one member of Congress for bad policy. You have to blame dozens, sometimes hundreds, in both chambers and both parties. That means that individual members can avoid taking blame.

The same goes with credit. When Congress does something good, it is often because of a "team effort" across chambers and parties. There is rarely one person who demonstrably makes the difference. The causal chain is quite blurry. This is an important point to understand when teasing out the implications of McCain's situation. Because the assignment of credit is fuzzy and subjective, it is political. So, members of Congress can find themselves in a fight over who gets it. This is not the case all the time. Frequently, there is enough credit to go around. But sometimes there isn't enough - which means that you're likely to see a political fight, with opposing factions looking to take credit for themselves or assign the blame to others.

This is where McCain might run into trouble. By going to Washington, he has injected himself into this process, and thus opened himself up to the rhetorical attacks we are now hearing from Harry Reid and Nancy Pelosi. They are setting the stage for denying McCain credit for any deal that is brokered. If they are successful, McCain could be seen as an impediment regardless of whatever real help he might have given. Of course, just as the Democratic leadership will be working to keep McCain from getting credit, the Republican leadership will be doing precisely the opposite.

Accordingly, we should appreciate the risk in McCain's move. It is a benefit to him if and only if he is seen to have been a positive force. So, McCain's fortunes rest in part on the results of the unpredictable partisan back-and-forth over who should have the credit. And even if McCain does accrue some credit, he still runs the risk of seeming like a "small" member of Congress again.

The uncertainty of this situation makes me suspect that this was not done exclusively for strategic campaign considerations. Some have called it a desperate hail Mary - a risky gambit taken because the "bottom is dropping out." But that requires a pretty tendentious look at the polls. Five of the ten polls in the RCP national average show McCain down by three points or less. Gallup has a tie today. That is not consistent with the "bottom dropping out."

Instead, I suspect that, as with the Palin pick, this is McCain being McCain. He didn't like the situation. So, he did something. We've seen him do stuff like this again and again over the years. Lieberman gave the best description of McCain at the Republican convention: he's a restless reformer. I think that McCain being McCain, he felt restless - so he went to Washington to do something.

Regardless of how we might feel about his decision - we can agree that McCain has once again affected the race by his actions. This is the second time he has done this in a month. It's become an ironic feature of this campaign. While most agree that the election will hinge upon public considerations of Barack Obama, so much of the campaign itself has hinged upon the actions of John McCain.

Posted by: tuscany1 | September 25, 2008 7:57 PM | Report abuse

I see this as an end to the war. China will not fund treasury stuff to fund the war. Even with a bailout China will be skeptical about Bush BS. Congress may have to do a budget like the rest of us? WOW...McDumbutt is in hidding...putting his head in the sand...

Posted by: billisnice | September 25, 2008 7:54 PM | Report abuse

For the thinking people...
Unlike the mediocrity you get out here on WP. This article is not as such pro/anti McCain. Just a thoughtful, evaluation of the situation. The sort of common sense incisiveness the frantic writers of Washington Post have ceased to be....

McCain Plays It Like McCain By Jay Cost.

There has been a lot of discussion about McCain's decision to suspend his campaign. I'll toss in my two cents.

I do not think it is a purely political move, a stunt or ploy designed only to advance McCain-Palin's message. The politics of it are too complicated for anybody to predict what will happen - which means that McCain is taking a risk. Few stunts are actually risky; they just appear to be.

I see two serious dangers for McCain. The first is with the images. The second is with the tricky assignment of credit.

First, one reason members of Congress do not typically get elected to the presidency is that, whereas the President seems big, Congress seems small. Congress is not a national body, per se. Rather, it is the meeting place of representatives from the various parts of our nation. Nobody in Congress is responsible to the nation at large. Instead, each is responsible to just a small slice of it. It's a fallacy of composition to believe that because each member of Congress tends a parcel of the nation, the whole Congress tends the whole nation.

This invariably shows through in the images we see of Congress in operation. Contrast your mental pictures of Congress with your pictures of the President, and you'll see what I'm driving at. Congress is not the place you want to put your presidential candidate 40 days before the election. The images might work for McCain if Congress had a prime minister position that McCain could effectively inhabit for the period of this "crisis." But there is no such role. So, by going back to Congress, McCain runs the risk of looking like he belongs there and not in the White House.

Second, an important element to the congressional dynamic is the assignment of credit and the avoidance of blame. Why is it that all of the legislators who have had a hand in this mess can preen about how awful it is? It has to do with the way Congress is organized. Blame is very diffuse - not just in terms of appearances, but also in actual governance. You can never blame just one member of Congress for bad policy. You have to blame dozens, sometimes hundreds, in both chambers and both parties. That means that individual members can avoid taking blame.

The same goes with credit. When Congress does something good, it is often because of a "team effort" across chambers and parties. There is rarely one person who demonstrably makes the difference. The causal chain is quite blurry. This is an important point to understand when teasing out the implications of McCain's situation. Because the assignment of credit is fuzzy and subjective, it is political. So, members of Congress can find themselves in a fight over who gets it. This is not the case all the time. Frequently, there is enough credit to go around. But sometimes there isn't enough - which means that you're likely to see a political fight, with opposing factions looking to take credit for themselves or assign the blame to others.

This is where McCain might run into trouble. By going to Washington, he has injected himself into this process, and thus opened himself up to the rhetorical attacks we are now hearing from Harry Reid and Nancy Pelosi. They are setting the stage for denying McCain credit for any deal that is brokered. If they are successful, McCain could be seen as an impediment regardless of whatever real help he might have given. Of course, just as the Democratic leadership will be working to keep McCain from getting credit, the Republican leadership will be doing precisely the opposite.

Accordingly, we should appreciate the risk in McCain's move. It is a benefit to him if and only if he is seen to have been a positive force. So, McCain's fortunes rest in part on the results of the unpredictable partisan back-and-forth over who should have the credit. And even if McCain does accrue some credit, he still runs the risk of seeming like a "small" member of Congress again.

The uncertainty of this situation makes me suspect that this was not done exclusively for strategic campaign considerations. Some have called it a desperate hail Mary - a risky gambit taken because the "bottom is dropping out." But that requires a pretty tendentious look at the polls. Five of the ten polls in the RCP national average show McCain down by three points or less. Gallup has a tie today. That is not consistent with the "bottom dropping out."

Instead, I suspect that, as with the Palin pick, this is McCain being McCain. He didn't like the situation. So, he did something. We've seen him do stuff like this again and again over the years. Lieberman gave the best description of McCain at the Republican convention: he's a restless reformer. I think that McCain being McCain, he felt restless - so he went to Washington to do something.

Regardless of how we might feel about his decision - we can agree that McCain has once again affected the race by his actions. This is the second time he has done this in a month. It's become an ironic feature of this campaign. While most agree that the election will hinge upon public considerations of Barack Obama, so much of the campaign itself has hinged upon the actions of John McCain.

Posted by: tuscany1 | September 25, 2008 7:51 PM | Report abuse

If you study market history, it will heal in time without doing a thing. Always has...

Posted by: billisnice | September 25, 2008 7:47 PM | Report abuse

To be sure, I disagree with the agreement. I trust none of the Republicans and noe of the 'experts' in industry or government who now want a rescue ASAP.

But it is obvious why McCain does not want the debate. He needs to get enough Republicans behind him to give the country the shaft. They did with the S&L scandal, and are doing it again.

The only advice I have for the Democrats is to let the republicans first declare what they agree to, and have them defend it to us.

Posted by: AMviennaVA | September 25, 2008 7:45 PM | Report abuse

What happened to WE THE PEOPLE OF THE US? I guess it only applies to big business and congress...

Posted by: billisnice | September 25, 2008 7:43 PM | Report abuse

Hey Tex, you and your fellow hillbillies sent him, you support him and now you want to stick us with his third term stand in and his bimbo gal pal??? Big D as in DUMB!
You got that right.

Posted by: pgiaquinto | September 25, 2008 7:43 PM | Report abuse

billisnews,
I don't think they have the numbers. I am not convinced the size of the problem is completely understood. Unfortunately, both our President and Congressional leadership were asleep at the wheel and are very late to the come. The unfortunate reality is, global investors look on and see a foundering market. If they are not convinced serious action will be taken, there may well be a mass selloff and a run on the banks like nothing seen in generations. That is how life savings are wiped out over night. And it's all driven by emotion and panic. I don't think they know, but once the market plug is pulled when market confidence is gone, the selloff can go nuclear.

Posted by: donchew1 | September 25, 2008 7:42 PM | Report abuse

At 1:00 PM, a bipartisan bill was near completion, then John McCain shows up and now all deals are off.. McCain is clearly playing politics with a national crisis. McCain's Goal is to have the bill pass while he still votes against it. --- and call himself the maverick after wards.

Posted by: case3 | September 25, 2008 7:41 PM | Report abuse

Hi piq..,
We are truly tired of the no education, or stupid, or hillbillie if NOT supporting an idiot!
This "hillbillie" is educated and from the BIG D.
The D, if you don't know it, stands for DALLAS! It has a larger population then many states!
Additionally, I have always voted Democrat. That is UNTIL Obama and the DNC forced Obama, an inexperienced ego maniac for absolutely no reason, as the Dem candidate. And I am not alone.

By the way, there are plenty of Democrats in Texas. (Although it is declining because of Obama instead of increasing because of Bush)
Even at 60/40 (Rep/Dem), but it actually runs closer to 55/45, it has more Democrats than population in MANY states!
Think again or look up the word hillbillie! You obviosly are clueless and under educated! Additionally, PLEASE review the demographic, ALL of the demographic, that make up Obama supporters. Pay special attention to income levels as well as education.

Posted by: Texan2007 | September 25, 2008 7:39 PM | Report abuse

well, let's see... McCain's contribution to the bailout... hmm.... he showed up and everything exploded. We were moving toward a deal. After the White HOuse mtg, no deal.

Well, that's a shocker. Let's mix Economic Crisis with Presidential Politics and see what comes out of the pot!

Posted by: Truth17 | September 25, 2008 7:39 PM | Report abuse

McCain's "Straight Talk Air" landed at National Airport just after noon, and McCain's motorcade sped toward the Senate. But by then, senior Democrats and Republicans were already announcing that a deal in principle had been reached.

++++++++++++++++++++

McCain tweaked his thumb and proclaimed: I set prezdential politics aside, even ditching funny man David Letterman, to come here to make sure y'all don't do anything without me.

I am such a big hero, but I will never say so myself.

Posted by: HerLao | September 25, 2008 7:37 PM | Report abuse

LOVE YOU OBAMA.

Stay strong. Stay honest.

Posted by: chevychasedesigns | September 25, 2008 7:33 PM | Report abuse

Money paid to corporations can not sustain them long. They need a constant influx of capital. With gas, food and lack of decent paying jobs Americans will have to bail them out again in a few months.

Remember the stimulus package promised to put Americas on the right track a few months back? Another lie like this one from our asleep congressmen and woman in DC...

Bush wanted 700 billion but will except 100-200billion? Where are the facts to support the numbers? If that is true lets see the numbers?

Posted by: billisnice | September 25, 2008 7:33 PM | Report abuse

McCAIN:

"I don't like rules." "Regulation" who needs it?
Break the rules, and stop the debate, that's what I want.

De-Regulator wants to stop a Regulated Debate?

Surprise anyone?
Rules Bad. Freedom Good.(Freedom to steal, grab $700 billion, kill civilians half way around the world - oh for the love of all that Freedom!)

Regulate = reign in the GIMMICK OLD PARTY (GOP)

Posted by: chevychasedesigns | September 25, 2008 7:31 PM | Report abuse

MacCain is a chiken

Posted by: BFranco | September 25, 2008 7:30 PM | Report abuse

For a 72 year old, Sen McCain qualifies as a great stuntman. He is pulling off tricks even the greats can't do. Imagine anyone other leader in the world picking Gov. Palin as a well-versed person with a world-class educations and brain. Stunt and a good ole Maverick following his party's choice.
I have yet to hear an original statement except for the hockey-mom lipstick joke, otherwise she reads a script very well. And any way to get her out of a debate has what that campaign has been praying for.

Sen McCain trying to get higher numbers by trying to stir people crazy by rushing to a crisis of his party's own making. How precious??? And to think that he could have done this over the weekend when talks were just beginning, but no, he had a few too many town hall meetings with his supporters where he really did not have to think on his feet to get through a rally of hand chosen participants.

Ahh, but a very expensive debate with not only millions of Americans watching but much of the world as well. After hearing many on the misstatements he has made over the past year (Shia/Shiite, mixing Iraq and Iran, Pakistan sharing a border with Irag, mixing Somalia with Sudan, saying Czechoslovakia still exists) and President Putin of Germany) I might be a little intimidated against someone younger than I.

I just want to know when he 'DECIDED' he needed to go to Washington? When debate prep wasn't going so great??

Posted by: kare1 | September 25, 2008 7:30 PM | Report abuse

"Maybe we do need to think Party!
Obama is on TV right now blaming Republicans for not stamping approval of the DEMOCRAT Plan. This is Chris Dodd's lead Plan! You know who he is? The HEAD of the Banking Committee that was suppose to be OVERSEEING the lenders, but instead was taking Hundreds of Thousands of Dollars from them! And he is "fixing it." Good Lord!
Obama, PLEASE quit acting as if you care about G D America. We do KNOW what you have been doing and following for the past 20 years!
Posted by: Texan2007 | September 25, 2008 7:22 PM"

I wonder if you even know what you just said? No, I don't wonder, because I know you don't know what you just said. You are what makes this country spew poison in the eyes of the world, because what you have in you is poison... You can't tell me that you can't taste it yourself. Sounds like a belly-full.

Posted by: saveoursouls | September 25, 2008 7:29 PM | Report abuse

Obama is not a good person.

Posted by: Texan2007 | September 25, 2008 7:29 PM | Report abuse

Hey Texan2007, Texans have zero credibility critizing anything or anyone. It's you and your fellow hillbillies in that festering stink hole of a state that sent the architect of this mess to DC in the first place. Go take a swin in Galveston.

Posted by: pgiaquinto | September 25, 2008 7:28 PM | Report abuse

By his own admission, McCain doesn't know anything about the economy. What's even worse, barely over a week ago he was staunchly opposing government bailouts for AIG & the other companies. His entire record, except for these last 2 weeks, is full of support for deregulation.

(If you're interested, Eugene Robinson wrote a very informative article on all this last week: http://www.washingtonpost.com/wp-dyn/content/article/2008/09/18/AR2008091803052.html?referrer=emailarticle)

Now, with that background, we're supposed to believe that McCain can single-handedly fix the economy?? And that 98 other senators (not counting him & Obama) can't do it without McCain?? I don't think so.

This is a publicity ploy for McCain - but it won't help his campaign, and it certainly won't help the economy.

Posted by: ewlk2 | September 25, 2008 7:28 PM | Report abuse

the cranky old man does it again! At this point the dumb and mute Palin no longer pays dividends. So he has to sabotage, he and his right-wing republican extremists -he's going to owe them big time porc if he gets elected! Oh well, I am lobbying my democrat congressman so they pass the bill without republican support. Or at least have the republicans vote on this, for the record. I am also sendind more money to the dems... Good fund raiser that McCain!

Posted by: RegisUrgel | September 25, 2008 7:28 PM | Report abuse

Mccain stops at Senate, asks for directions to his office. Yesterday, the deal was 98% done, Mccain inserts himself, the GOP has to slow things down or be seen kneecapping their boy. Mccain's campaign offices are open, surrogates are Obama bashing, websites fundraising, and he's giving interviews. Could it be Johnny just doesn't want to debate Obama??? Or to have Biden v Palin??? Either way, in time of crisis "We, the People" want even more to see and hear our potential "leaders" debate. If Mccain doesn't show up? Oh well, I'd love to hear more about all of Obama's plans to move America forward again.

Posted by: washpost31 | September 25, 2008 7:27 PM | Report abuse

Obama just wants his debate!
Give him his debate! He had all the answers memorized! To Hell with the colapse of the U S economy! Obama wants his debate! NOW!

Posted by: Texan2007 | September 25, 2008 7:27 PM | Report abuse

dontchew,
I find hypocritical for the McCain campaign saying that they suspend the campaign and then send Sarah Palin on the stump on ground zero NYC. Is the campaign suspended or not?

Posted by: BFranco | September 25, 2008 7:27 PM | Report abuse

McCain and Obama are going on TV accusing each other and the opposing party of screwing up the bailout ... I mean agreement.

This is why they should have stayed out of D.C.

Thanks McCain, for nothing. if you hadn't pulled this stunt then Obama wouldn't have had to do it either. Thanks Bush, for less than nothing, why did you invite these guys running for the presidency to get involved in this? Neither one of them is going to do anything that doesn't help their campaign.

Bunch of stupid politicians.

Posted by: barferio | September 25, 2008 7:26 PM | Report abuse

Chevy,

You're so lucky to live in such a great country that allows freedom of speech....

The USA is great!

Posted by: ericattia | September 25, 2008 7:26 PM | Report abuse

Russia and China have made some very substantial contributions to Veneuzela in the past 48 hours... It seems uncanny that they are engaging in weapons sales for Russia, and some undisclosed financial deal with China. This puts both of these superpowers in a very strategic position when it comes to military access to the US homeland; and puts them in the bed with a guy who has felt left out of negotiations by Wall street and Washington insiders.

It's time to pray!

Posted by: saveoursouls | September 25, 2008 7:26 PM | Report abuse

He Fuc*ed it and the country up in a failed attempt to make himself look relevant. The old man and his moose hunting bimbo running mate are nothing but a blistering boil on the arse of america. My god, these two make bush and cheney look good.

Posted by: pgiaquinto | September 25, 2008 7:24 PM | Report abuse

Without regulations the bail out will not work. The corporations will take the money and run.

FDIC the folks money in these corporation would do more good than a billion dollar give away.

Posted by: billisnice | September 25, 2008 7:22 PM | Report abuse

Maybe we do need to think Party!
Obama is on TV right now blaming Republicans for not stamping approval of the DEMOCRAT Plan. This is Chris Dodd's lead Plan! You know who he is? The HEAD of the Banking Committee that was suppose to be OVERSEEING the lenders, but instead was taking Hundreds of Thousands of Dollars from them! And he is "fixing it." Good Lord!
Obama, PLEASE quit acting as if you care about G D America. We do KNOW what you have been doing and following for the past 20 years!

Posted by: Texan2007 | September 25, 2008 7:22 PM | Report abuse

mn1234, you make good sense. Whoever occupies the White House has his work cut out for him. And I hope they are successful, because the alternative is simply disaster. Our kids deserve a lot better than what we are leaving them. We need Republicans and Democrats in Washington who will actually defend the interests of the people. We wouldn't be in the mess that we are in had our Presidential and Congressional leaders been less focused on their own interests.

Posted by: donchew1 | September 25, 2008 7:22 PM | Report abuse

mn1234, you say you don't want offend anyone, but you are hypocritical by calling Sen. Obama BHO. you are a dimwit

Posted by: BFranco | September 25, 2008 7:21 PM | Report abuse

mn1234, I agree with your 7:12 PM sentiments.

Foreign aid is cheaper than war though -- what we pay is a drop in that area is a drop in the bucket.

Also, if a politician is honest about the financial situation -- taxes need to go up -- at least on the biggest winners over the past 8 years.

Spending cuts are important too -- although during a slow-down you usually have to run deficits to keep the economy running.

The biggest areas of spending by far are social security, medicare, and defense spending. There may need to be some cut backs in those areas.

With the bailout and continuing costs from Iraq -- including veterans care -- and Medicare prescription D program -- we're looking at something close to a $12 trillion deficit in real terms.

It's going to take decades to close the gap.

Posted by: JPRS | September 25, 2008 7:19 PM | Report abuse

Hey Chevy,

I'm a French Jew

Hamas doesn't want peace and all they want is to kill all jews

A majority of jews want peace

I think McCain is an idiot and lies

McCain fourth from the bottom of his class at the academy, crashed 5 planes, and probably was saved by daddy after trying to cold start a plane that killed 140 Americans

You're an idiot to want to support a person that lies so much!!!

Posted by: ericattia | September 25, 2008 7:19 PM | Report abuse

The republicans are going to allow McCain to lick the envelope so they can say he had something to do with the solution.

I've got something else you can lick McCain. You have gone from pathetic to contemptuous in a remarkably short time.

Posted by: barferio | September 25, 2008 7:18 PM | Report abuse

McDumbutt out of touch of real Americans...

He want less regulations of corporations? He lost the respect he earned in VietNam by not looking after the working men and woman of America. He has once again given in to the enemy of the lying wall street scum.

You know, the "we the people of the US" Basic constitution stuff...

Posted by: billisnice | September 25, 2008 7:17 PM | Report abuse

GOP and DEMS,
Put your partisan BS aside and PASS the legislation.This is BIGGER than Politics, Egos and Party. This IS about the economic structure of this COUNTRY! ONE COUNTRY!
OURS! THE United States!
APPROVE THE LEGISALTION.

Posted by: Texan2007 | September 25, 2008 7:17 PM | Report abuse

McCain put the spanner in the works so he can claim he solved the crisis. The Democrats should either get a deal by tomorrow or let McCain drag it out and let him take the fall for the market crash. Mccain likes to play high stakes poker. Let him sink with the Republicans who are supporting him.

Posted by: OscarMayer2 | September 25, 2008 7:15 PM | Report abuse

I love this country too much to see all these negative comments
I hope the next president will follow our constitution--be it BHO or Mccain and Keep government small.
We are all hurting -
Govnt needs to stay small
Stop borrowing
Stop all the spending and foreign aid
Start paying back our debt so our kids can live a better life.
Look within these next 4 years. We need to take care of US and USA
I don't want to offend anyone....

Posted by: mn1234 | September 25, 2008 7:12 PM | Report abuse

Shame on McCain. By asking Bush to convene a conference today, including both himself and Obama, he put Obama through the inconvenience of flying back to Washington to discuss this silly finance business. He most certainly had better things to do in Florida preparing to speak Friday night on national security. I would hope that McCain would show better judgement next time and leave Obama out. Obama has no time for crisis, he's busy running for President.
Posted by: donchew1 | September 25, 2008
______________________________________

And McCain was busy putting his campaign on hold ... in front of Katie Couric, CNN and all the other reporters before he got to Washington.

Posted by: goheidigo | September 25, 2008 7:11 PM | Report abuse


This is the man congress trust?

Bush declares victory in Iraq
Friday, 2 May, 2003, 10:16 GMT 11:16 UK

http://news.bbc.co.uk/2/hi/middle_east/2989459.stm

We are still in Iraq in 2008...

Posted by: billisnice | September 25, 2008 7:10 PM | Report abuse

"My, the Kool-Aid certainly is tasty today, isn't it Senator McCain? Yes it is, Senator Obama. Grape, my favorite."


FREE AMERICA

REVOLUTIONARY (DIRECT) DEMOCRACY

Posted by: thc1138 | September 25, 2008 7:09 PM | Report abuse

mccain's grandstanding backfired - he is no more involved in this procedure than he was on tuesday -

plus his running mate is still 'campaigning' - she actually had a press conference and answered questions: 4

the republicans are looking more like a a wind-up toy going out of control -

Posted by: muslit | September 25, 2008 7:07 PM | Report abuse

cbsnews.com is announcing that McCain offered an alternative plan that would decrease regulatory oversight and give more corporate tax breaks.

Posted by: bajacalla | September 25, 2008 7:07 PM | Report abuse

Time for more damage control!
McCain grabs a headline to put the spotlight back on him, but the GOP can't pull off putting his name on the bill and saying he was instrumental in saving our country from economic ruin!
Nice try John, nice try.

Posted by: tommyd60 | September 25, 2008 7:06 PM | Report abuse

?????????

All the home owners lied to about what they could afford by the scum lenders and congress turned and watch them loose it all and did not care. Now congress wants to use our money to bail out these lying lenders?

Many lost homes due to medical reasons as Bush changed the bankrupt laws his first years so home owners would have to sell there home for medical treatments.

Vote all incumbents out!

Double standard Washington congress cowards.

Posted by: billisnice | September 25, 2008 7:04 PM | Report abuse

GIMMICK 1: "WMD"

GIMMICK 2: Sarah Palin

GIMMICK 3: I don't want to Debate. Boo hoo ....

GIMMICK 4: "Socialism" Fear Fear Fear Fear

1 in 7:
1 in 7 Americans live below the poverty level. Stop making fun of France and Italy - fix your own house first.

Personally, I'm not into any -ism: Capitalism and Communism are two extremes. Zero government V. Full on government.

But I am into being thoughtful and not pointing fingers at everyone other than myself. It's childish. It has cost the lives of thousands of US troops and close to a million Iraqi men, women and children.

THINK.BEFORE.YOU. VOTE. (a simple request, surely)

Posted by: chevychasedesigns | September 25, 2008 7:04 PM | Report abuse

I'm not blaming a single party, but your argument is pathetic.
Posted by: matteucs

Quiet is kept, high-eshelon Europeans have been voting in our elections and being power-players in our politics for a long time. Did you ever of Bilderberg?

You have to keep up with the times if you are going to comment intelligently.

Posted by: saveoursouls | September 25, 2008 7:02 PM | Report abuse

ATTN McCain-Palin supporters:

The Obama people are circulating a PBS online poll on Sarah Palin in order to skew it. You can access it at my blog- don't let the Dems get away with dirty tricks!

http://mccain08-hillary2012.blogspot.com/

Posted by: dcpsychic | September 25, 2008 7:02 PM | Report abuse

Most McCain/Palin supporters are not reading these stories and/or posts. They don't realize that it's not just McCain dealing with this crisis. That's the scary part of his whole stupid publicity stunt. Those poor honest folks are being duped by his grandiose concern and sincerity. If you really want to be scared watch Sarah Palin and Katie Couric-ahhhhhh!

Posted by: goheidigo | September 25, 2008 7:01 PM | Report abuse

To all the people boasting about European support for Obama - I find it odd, because Europe is all for free trade and trade pacts; European countries have for the most part abolished the death penalty; European countries are moving towards same-sex marriage; and European countries haven't elected one of their internal racial minorities as national leader. I think it's a bunch of Euro hypocrisy. It's great to make fun of backwater US people - a sentiment I share. It's a lot harder to engage in critical self-scrutiny.

Posted by: darrren12000 | September 25, 2008 7:01 PM | Report abuse

McCain is a pathetic loser so transparent in all his desparation. It would take a moron as dumb as him to not see through all this . . . . oops, like most Republicans. Nice to know McCain was so commited to helping the American people out of our economic mess that he had time for a liesurely lunch at the posh Mansfield Room, while Dood and Barney Frank and the others hadn't taken a SHOWER in three days while working out a deal. Good ole McCain. Oh, did he tell you he spent five years as a POW? That old excuse for all his recent abysmal, unstatesmanlike and nauseatingly selfishness conduct has simply worn out. Politics is supposed to be exciting and entertaining. GIVE IT UP OLD MAN. YOU'RE BORING. And your time is OVER. Sorry Cindy. Back to the Clubhouse.

Posted by: cheiron_ltd | September 25, 2008 7:00 PM | Report abuse

The GOP President introduces a bailout plan. And Yes, it stinks.

Next, Congress negotiates on a bipartisan agreement of that plan.

All the while, John McCain is taking a nose dive in the poles.

Next, John McCain still hasn't read the president's 3 page proposal.

Next, Congress comes to a near deal.

Next, John McCain says, Nooooooooo, I need for this not to work right now, I am going to put my campaign on hold and go to Washington and bring this agreement to a halt.

Next, Congress REACHES an agreement.

Next, John McCain shows up in town and the GOP suddenly renigs on the agreement.

Next, John McCain's motives becomes blatantly clear and the American People torn their collective backs on Yoda in November.

Posted by: concernedaboutdc | September 25, 2008 6:59 PM | Report abuse

Rather than "What was McCain's role in the Bailout", the headline should read:

"WHAT WAS THE CONGRESSIONAL ROLE IN CREATING THE CRISIS?"

History will no doubt show that Congressional negligence in creating this crisis is vastly more important than John McCain's 9/25/08 itinerary.

Despite dire warnings from Greenspan and Republican leaders including John McCain, Democrats killed Republican backed reform initiatives in committee. Reforms that could have either prevented or mitigated the Freddie/Fannie and credit markets meltdown. Why is Fox the only network reporting this?
http://www.foxnews.com/story/0,2933,155593,00.html
Frighteningly ironic that the same Democratic offenders (Dodd/Frank)who killed the reforms are the key architects of the Congressional bailout proposal?

At a minimum, the root cause of the Freddie/Fannie death should receive as much or more coverage than Enron.

Please be the first "mainstream" paper to inform mainstreet readers of the who/what/when and why of this finanical mess. Who is responsible and how can we prevent a recurrence in the future?

Posted by: RockyJoy | September 25, 2008 6:59 PM | Report abuse

saveoursouls,

I agree with you. In reality, I am not sure either Obama or McCain will have the level of success they envision. The country is a mess. And both parties put us here. From Republicans who bury their head in the sand and refuse regulations or any taxes to Democrats who believed every citizen should qualify for a McMansion and we were destined for default. These blogs bring out the partisanship in each of us and reason often flies out the door. But in the end, whether it be President Obama or President McCain, I hope they can make a positive difference. The Greatest Generation would be ashamed of us all.

Posted by: donchew1 | September 25, 2008 6:59 PM | Report abuse

To everyone whining about socialist countries and how Obama is going to make America socialist: Haven't you been paying attention for the past two weeks? One of the largest insurance companies and two of the largest mortgage companies in the country are now owned by the government- you're already LIVING in a socialist country.

Posted by: Nakis | September 25, 2008 6:59 PM | Report abuse

saveoursouls

-- I owe you an apology.

I couldn't tell you were quoting mn1234.

My bad, brother. I've just lost it with the ideology of hate. It's making me insanely mad and breaking my heart at the same time.

Posted by: veeve | September 25, 2008 6:58 PM | Report abuse

GLOBALLY
OBAMA preferred 2 to 1:

(BBC.CO.UK verification)

"No question that in both France and Italy -- as well as every other Western European country -- voters tend to favor Obama by about 2 to 1."

By the way, for those of us with an IQ higher than 7:

DEMOCRATS created the strongest US Economy in 40 years.
1992-2000
(Stop whining and using "socialism" as a GIMMICK to distract.)

THINK. BEFORE. YOU. VOTE.

Posted by: chevychasedesigns | September 25, 2008 6:46 PM | Report abuse

----------------------------------

Great, Now, when we let Europeans vote in our elections that will matter. Do they ask us who we prefer?

Also, it was a Democratic administration from 1992-2000, but a Republican Congress most of that time...and since Congress actually has the biggest effect on the economy, you would argue that it was the Republicans who made that "greatest economy in 40 years"

and who is in Congress right now? and for the past couple of years? oh yeah, Democrats.

I'm not blaming a single party, but your argument is pathetic.

Posted by: matteucs | September 25, 2008 6:57 PM | Report abuse

The serious negotiations can't begin until David Blaine arrives.

Posted by: Brookdale66 | September 25, 2008 6:55 PM | Report abuse

Is it my imagination but has McCain been somewhat marginalized on this whole issue? And by his own party?

In order to to really make this campaign suspension think look legitimate it would have been necessary for McCain to play a pivotal role in the negotiations. As this was the only justification offered for the Grand Suspension.

Now it seems like McCain was something like your cat that keeps getting between your feet while you attempt to open the can of cat food and scoop some into his dish.

McCain has a hugh decision to make at this point. Could be pivotal. Should he bother to restart the campaign or just let it die a natural death at this point.

John, if this will help you decide, put America First.

Posted by: patrick10 | September 25, 2008 6:55 PM | Report abuse

saveoursouls

Man, you are ridiculous. Socialism? The Bush administration has made government massive on a scale unseen since FDR.

Obama is a centrist who moved left before his primary just as McCain moved right except on foreign policy where McCain has always been to the right of Atilla the Hun. Your selective memory would probably not choose to regard McCain's 100% with Bush voting record for 2008.

You're probably just another authoritarian who wants to dictate what women MUST do with their bodies. Your faction's time is over. You people have RUINED our country. Get over it. You were wrong and you're STILL wrong.

You vote Insane 'Start a War Here and Start a War There' McSame. I don't want my 15 year old son dying in the desert for Cheney's stock options.

Posted by: veeve | September 25, 2008 6:54 PM | Report abuse

Country first or ME first ???

Posted by: thecannula

Time will tell...

Posted by: saveoursouls | September 25, 2008 6:54 PM | Report abuse

Before Bush's phone call, as McCain put everything on hold to help fix our countries economic fallout, Obama stood back and made the statement "If I can be helpful, then I am prepared to be anywhere, any time". I guess he was too busy cramming in Clearwater for his big midterm. Cue the music-


CHORUS
And no wind (no wind)
And no rain (no rain)
Or winter’s cold
Can stop me, baby (oh baby)
‘Cause if you’re ever in trouble
I’ll be there on the double
Just send for me, baby
Oh baby....

Country first or ME first ???

Posted by: thecannula | September 25, 2008 6:52 PM | Report abuse

Donchew:
I doubt if McCain had any power to ask that a conference be convened today, or any other day with these power player.

I pity whoever inherits the reins of this beleaguered nation...unless he has some real power.

Posted by: saveoursouls | September 25, 2008 6:51 PM | Report abuse

Shame on McCain. By asking Bush to convene a conference today, including both himself and Obama, he put Obama through the inconvenience of flying back to Washington to discuss this silly finance business. He most certainly had better things to do in Florida preparing to speak Friday night on national security. I would hope that McCain would show better judgement next time and leave Obama out. Obama has no time for crisis, he's busy running for President.

Posted by: donchew1 | September 25, 2008 6:50 PM | Report abuse

OBAMA BIDEN 08!!!

NETHERLANDS ANTILLES

Posted by: fu_buki | September 25, 2008 6:49 PM | Report abuse

Shame on McCain. By asking Bush to convene a conference today, including both himself and Obama, he put Obama through the inconvenience of flying back to Washington to discuss this silly finance business. He most certainly had better things to do in Florida preparing to speak Friday night on national security. I would hope that McCain would show better judgement next time and leave Obama out. Obama has no time for crisis, he's busy running for President.

Posted by: donchew1 | September 25, 2008 6:48 PM | Report abuse

NETHERLANDS ANTILLES...!!!

Posted by: fu_buki | September 25, 2008 6:47 PM | Report abuse

Senator Mccain, what advise do you have on the economic crises.

McCain: I don't know, I just stopped by for some coffee and donuts and remind everyone that I supported the surge in Iraq and it worked.

Yes, yes we got that. Now what about the financial crises?

McCain: Well since the surge worked how about we call this one....an Economic "Splurge"

Thank you, thank you once again I've saved washington. And now to roll out this plan Sarah and Todd Palin will explain the intracacies of this deal. I'm going back to my hotel take my afternoon nap. Now lets do a photo op while you guys raise me on your shoulders.

Posted by: ryanr007 | September 25, 2008 6:46 PM | Report abuse

GLOBALLY
OBAMA preferred 2 to 1:

(BBC.CO.UK verification)

"No question that in both France and Italy -- as well as every other Western European country -- voters tend to favor Obama by about 2 to 1."

By the way, for those of us with an IQ higher than 7:

DEMOCRATS created the strongest US Economy in 40 years.
1992-2000
(Stop whining and using "socialism" as a GIMMICK to distract.)

THINK. BEFORE. YOU. VOTE.

Posted by: chevychasedesigns | September 25, 2008 6:46 PM | Report abuse

McCain's role in the bailout has been to stymie negotiations -- he's putting politics before country.

If he's not careful, he could find everyone but the nuttiest wingnuts turning against him. This is a serious crisis that we're dealing with and McCain is treating the whole process like it's some kind of joke.

Posted by: JPRS | September 25, 2008 6:46 PM | Report abuse

Posted by: mn1234 glad you asked"saveoursouls"
Putting the most liberal senator with the most socialist ideas in power would be the end of capitalism and america as we know it.
The gov. would run everything. We would 'need' the gov for everything. That is what weak people want. However, the ones who thrive on owning their own companys, paying taxes, hiring people, and make america great---will be left out. Socialism will be replaced.
So if you want socialism=obama
the rest of us Americans will vote mccain


I have to tell you fellow-American.
I am a small business owner, who would not fit in or stand a chance with the Wall-Street bureaucracy... I would wager that you'd also be asked to leave, despite your kissing up.

Posted by: saveoursouls | September 25, 2008 6:44 PM | Report abuse

To the "Jew" who hates OBAMA because he claims Hamas supports him.

OBAMA: (Nations that favor him 75%-25% over McCain)

United Kingdom
Sweden
Italy
Turkey
Japan
Argentina
Peru
Brazil
France
Spain
Poland
Australia
South Korea

(bbc.co.uk has more.)

(By the way, Hamas also eat breakfast. Oh the terror of the fact that I had breakfast this morning, too!)

Think. Before. You.Vote

Posted by: chevychasedesigns | September 25, 2008 6:42 PM | Report abuse

glad you asked"saveoursouls"
Putting the most liberal senator with the most socialist ideas in power would be the end of capitalism and america as we know it.
The gov. would run everything. We would 'need' the gov for everything. That is what weak people want. However, the ones who thrive on owning their own companys, paying taxes, hiring people, and make america great---will be left out. Socialism will be replaced.
So if you want socialism=obama
the rest of us Americans will vote mccain

Posted by: mn1234 | September 25, 2008 6:41 PM | Report abuse

This is turning into a drama even worse than the daytime soaps. Thanks to spenceradams we now know that even McCane's supposed 'suspension' of campaigning is a lie. All this zooming about in planes(who cares about burning fuel or contributing to greenhouse gases?) to show up for photo-ops in D.C. and asking to be in a 100 hour lock down to 'solve' the economic crisis?? You could lock MCane for 100 years and he would still be clueless. And would the person blathering on about Fannie May/Mac contributions to Obama, please stop? Even if true, none of this would have happened if McCane had been paying attention for the past twenty something years, rather than dismantling all oversight and regulations that would have prevented all this happening in the first place. How much worse can this get, or are we are totally headed to rock-bottom, Repubs leading the charge?

Posted by: yi35 | September 25, 2008 6:38 PM | Report abuse

If you read your news,
Obama and McCain were both there at the Senate meeting; realizing what a horrible plight our country is in because of finger-pointing and lies like the one you are telling.

Posted by: saveoursouls | September 25, 2008 6:38 PM | Report abuse

mn1234, Italy and France ARE SOCIALIST COUNTRIES. Both have national health care services.

As far as Italy goes, a large part of the press is controlled and owned by the Italian P.M. Berlusconi. Berlusconi isn't a socialist -- he's probably a lot closer to a 1930s fascist leader. A big fan of de-regulation for obvious reasons (it adds to his already vast personal wealth).

Sarkozy is considered on the "right" based on French standards. By French standards that would put him slightly to the left of center in the U.S. He's talked about changing the 35 hour work week to a 40 hour work week, but on a wide range of other issues, he's very much in line with centrist U.S. economic policy (e.g. a lot closer to Clinton than to George W. Bush).

No question that in both France and Italy -- as well as every other Western European country -- voters tend to favor Obama by about 2 to 1.

Yes, you can find papers that favor McCain in Italy and France, but no, those papers are not representative.

Posted by: JPRS | September 25, 2008 6:37 PM | Report abuse

Well, one things for sure. We don't have to worry about Obama showing up at the Senate. He needed to get back to his Florida compound to resume preparation for the "debate". He certainly won't have to worry about being associated with any decision Congress makes because he wasn't a participant in the process. But hey, he's a hell of a talker.

Posted by: donchew1 | September 25, 2008 6:36 PM | Report abuse

chevy chase design:
WRONG -- have connections in both FRANCE and ITALY and their governments and newspapers support MCCAIN.
They don't want anymore socialist countries
(making up statistics is not helpful to your messiah)

Dear chevy:
Socialism has happened in the form of these bailouts and nationalism, with your Gods in power... What must we do?

Posted by: saveoursouls | September 25, 2008 6:34 PM | Report abuse

The McCain camp is unbelievable this guy is a mass distraction he is losing in the poles so he must do something to make him seem important. No one believes in your plan or your view of the world and your temperament is not what we need to be president starting wars. having lobbyist run the country cutting tax for rich company that keep there profits overseas and the rich in the U S and no energy plan but drill drill drill what about wind, solar. but when you have nine house 13 cars you don't care about pay 6.00 gallon or 1200 a month gas bill for my one home. Obama has a ford hybrid one car, one home that he has had for 10 years. He is one of us down to earth person.

The McCain top guy just stop getting 15,000 a month for nothing and he was receiving this for 7 years do the math and Obama, the money he got from the mortgage company's are from employees not company CEO. People like you and me they want change not lies and game like we have been getting the last 8 years.

Posted by: themboyz0216 | September 25, 2008 6:33 PM | Report abuse

It's time to kick LIEberman out of the Dem. Party. Forget about the 51-49 majority -it should be done on principle alone. Endorsing a Republican for president is one thing. Speaking at their convention is something different.

Posted by: con_crusher | September 25, 2008 6:33 PM | Report abuse

It took McCain four days to even read the 3-page Paulson proposal. He seized on that opportunity to see another way to distract from discussing and debating issues and tried to make the argument about whether to stop the campaign and debate. Now he arrives too late for the deal making or actual work. He can't even get the GOP House members on board with any type of rescue plan. And he is the "smart, experienced" half of his ticket! Heaven help us if Palin had to make decisions about such matters. Anyone who hasn't seen her interview with Katie Couric should go to CBS asap and check out the three excerpts. It's frightening. This election is a national IQ test -- electing McCain-Palin would be even dumber than was re-electing Bush-Cheney in 2004. Never thought I'd ever say that about ANY ticket.

Posted by: dolph924 | September 25, 2008 6:31 PM | Report abuse

he has NOT suspended his campaign...it's a load of lies - http://www.huffingtonpost.com/2008/09/25/mccain-campaign-still-act_n_129327.html

Posted by: andytoh | September 25, 2008 6:31 PM | Report abuse

MarketWatch

WASHINGTON -- Sen. Chris Dodd, the top Democrat on the Senate Banking Committee, said Thursday that bipartisan meeting with President Bush at the White House on the mortgage rescue plan was nothing short of a disaster. In an interview on the CNN cable news network, Dodd described a meeting in which Democrats were blindsided by a new core mortgage proposal from House Republicans, with the tacit backing of Republican presidential candidate John McCain. "I am not going to sign on to something I just saw this afternoon," he said. Dodd said Republicans and Treasury Secretary Henry Paulson had to decide what they wanted to support. The whole meeting "looked like a rescue plan for John McCain," Dodd said. He said he was simply going to pretend that the meeting had never happened.


Copyright © 2008 MarketWatch, Inc.

I've been wanting to read this proposed bill since Monday. He's (McCain) in Congress, so why didn't he read it (at least) two days ago?

Posted by: Vette4JR | September 25, 2008 6:30 PM | Report abuse

Exactly what the people predicted.

John McCain, afraid of a debate, goes to washington and politicizes sensitive negotiations surrounding the looming economic crisis in America, and the GOP renigs on their previously agreed upon bipartisan bailout agreement, so as to give McCain some sort of political boost. For goodness sake, it was the Republican President that presented the deal in the first place.

Folks, welcome to the Republican Party. This says the world about their concern about the American people and those that are going to be most affected by a collapsed economy. They are more interested in feigning (faking) concern to protect their ill prepared, compulsive lier of a candidate from a debate about issues, like this one, up front and in person than in moving forward with a deal that is going to stink any way you try and twist it.

McCain is responsible for this delay, a deal was cut before he got to town, then went south when he brought politics to it.

The Republican Party is playing political games with the economic futures of the American people.

The GOP is an outrage and a miserable disappointment to American democracy.

Shame on them all!!! Heil McCain!!!

Posted by: concernedaboutdc | September 25, 2008 6:27 PM | Report abuse

chevy chase design:
WRONG -- have connections in both FRANCE and ITALY and their governments and newspapers support MCCAIN.
They don't want anymore socialist countries
(making up statistics is not helpful to your messiah)

Posted by: mn1234 | September 25, 2008 6:27 PM | Report abuse

This fight should not be US Citizen against US Citizen...

Looks like the major world players like Russia, China, etc are gearing up for a great big showdown:

China and Venezuela Wednesday signed a dozen agreements, including one on doubling a joint investment fund to $12 billion and another on extending energy cooperation.

Russia will lend __illions of dollars to Venezuela to buy Russian arms…

Looks like the chickens are coming home to roost, south of our borders.

Posted by: saveoursouls | September 25, 2008 6:25 PM | Report abuse

Thank God McCain arrived. For a minute there, I thought Republicans and Democrats were going reach an agreement.

Posted by: freedom5 | September 25, 2008 6:24 PM | Report abuse

China and Venezuela Wednesday signed a dozen agreements, including one on doubling a joint investment fund to $12 billion and another on extending energy cooperation.

Russia will lend ___ billions of dollars to Venezuela to buy Russian arms…

Looks like the chickens are coming home to roost, south of our borders.

Posted by: saveoursouls | September 25, 2008 6:23 PM | Report abuse

His bailout role was a photo-op with Duhbya.

Posted by: con_crusher | September 25, 2008 6:23 PM | Report abuse

His bailout role was a photo-op with Duhbya.

Posted by: con_crusher | September 25, 2008 6:23 PM | Report abuse

To the "Jew" who hates OBAMA because he claims Hamas supports him.

OBAMA: (Nations that favor him 75%-25% over McCain)

United Kingdom
Sweden
Italy
Turkey
Japan
Argentina
Peru
Brazil
France
Spain
Poland
Australia
South Korea

(bbc.co.uk has more.)

(By the way, Hamas also eat breakfast. Oh the terror of the fact that I had breakfast this morning, too!)

Think. Before. You.Vote

Posted by: chevychasedesigns | September 25, 2008 6:22 PM | Report abuse

It should be obvious that both sides are playing politics. It is pretty obvious that the potential for McCain's participation has hurried the Democrats along. Of course, until there is actually public disclosure of the content of the deal, it is hard to be confident that it actually exists. In any case, McCain probably does not want to take a public position on the effort until he is sure he is lined up with something that he will not have to flip flop on. Obama can attack him for delaying. But I doubt that attack will gain much traction. The real question is what people are going to think about the position that McCain ends up with and whether the issue winds up dividing the Republican Party.

Posted by: dnjake | September 25, 2008 6:22 PM | Report abuse

McCain only co-sponsored that S.190 bill months after anything has last been done on it.

Try going to the Bush 2002 announcement that regulations need to be loosened - the “Expanding Opportunities To Homeownership" speech.

Posted by: bprich29 | September 25, 2008 6:22 PM | Report abuse

McCain's role, as directed by campaign puppetmaster Steve Schmidt is to muuck up anny proposed settlemtn until he can get his prints on the final document...probably with frivolous,but important-sounding amendments.
That way Captain America can swish his cape around Washington while cleverly ducking the debate.
I say he send Sarah palin to fill on for him at the debate whike he saves the world in DC.
After all, she passed one Alaska state budget and has gleaned much of the necessary of nuance in foreign policy deliberations since Russia and Canada neighbor her state.
I hear she even stared down a Russian pelt trader and haggled over ruble-dollar currency conversion.
She is, therefore, well-versed in economics and foreign affairs. And, she has more executive experience than her boss.

Posted by: jmf3210 | September 25, 2008 6:20 PM | Report abuse

Now, Christopher "Industry Captured" Dodd is blaming McCain too. LOL. Dodd, Obama, and Clinton all received more $$$ from Wall Street than McCain this year.

Posted by: darrren12000 | September 25, 2008 6:19 PM | Report abuse

If McCain really wants to help the economy, he needs to drop out of the race and donate his left over Oil Money to the national debt...

Posted by: WVUWEIRTON | September 25, 2008 6:17 PM | Report abuse

McCain's role is ONE VOTE. As Senator, McCain has ONE VOTE.

The rest is McCain's SOAP OPERA, DRAMA QUEEN ACT, HOOPLA, CREATED BY HIS HANDLERS AND PUBLICISTS.

Those people will run a McCain Presidency IF WE DON'T WATCH OUT.

my votes for common sense management: Obama-Biden.

Posted by: ddarker1 | September 25, 2008 6:17 PM | Report abuse

You need a new update. According to ABC News the deal is off. Barney "Industry Captured" Frank is blaming McCain. http://abcnews.go.com/Politics/Vote2008/story?id=5884701&page=1

Posted by: darrren12000 | September 25, 2008 6:17 PM | Report abuse

The Washington Times, a Moonie paper calling anyone a Propagandist is like Pravda calling anyone a Propagandist.

Blankley and his kind wouldn't know the difference between news and editorial/opinion journalism if it them in the face.

Posted by: JPRS | September 25, 2008 6:17 PM | Report abuse

You need a new update. According to ABC News the deal is off. Barney "Industry Captured" Frank is blaming McCain. http://abcnews.go.com/Politics/Vote2008/story?id=5884701&page=1

Posted by: darrren12000 | September 25, 2008 6:16 PM | Report abuse

OBAMATRONS: IT is sad to watch people follow communist principles (government take overs-)
The more the USA moves to the left with socialistic base--the worst we are economically.
Look to europe--the more they lean to the right with capitalism...then their currency (euro $) is better and stonger.

OUR FOUNDING FATHERS DID NOT ENVISION A SOCIALIST COUNTRY....
don't vote one in now -- how sad

mccain to the rescue again.

Posted by: mn1234 | September 25, 2008 6:16 PM | Report abuse

know what I see postings here and on other stories 90 to 10 against McCain.

The people of this country are angrier than anyone can imagine!
We have been DUPED for the last 8 long, miserable years, while the rich got richer and the middle class got screwed!

If obama were 100% white, he'd be at 80% right now, that's a given.

For all you clowns posting your racial crap here, forget about it. I have read stuff people have written that has made me cry it's so awful

To think people could be so mean because the color of a persons skin, well, never mind.

ASK YOURSELVES THIS QUESTION;

IF OBAMA HAD PULLED A STUNT LIKE THIS, YOU WOULD BE HOWLING AT THE MOON OVER IT!!!
OH MY GOD, ALL YOU SCARED, WHITE PEOPLE WOULD BE CALLING FOR CONRGESS TO HAVE AN INVESTIGATION.

IF OBAMAS DAUGHTER WERE OLD ENOUGH, OBAMA WAS A RELIGIOUS NUTBAR, AND THEIR UNDERAGE DAUGHTERS GOT PRENANT, UN-MARRIED, YOU PEOPLE WOULD BE CRAPPING!

AYERS, not even a parking ticket on the guy, if they had anything, don't you think they' would have thrown his butt in jail!
He served on a committee with Obama and donated $200 to his state senate campaign in 1997!

Michelle bought a piece of property from their neighbor Rezko!

Wright, well, ok, BUT COMPARED TO SARAH PALINS WITCH DOCTOR PRAYING FOR HER LAYING HANDS WEEK AFTER WEEK, GEEZE!

I don't care what the damned polls say, IF YOU THINK THE MILLIONS OF KIDS WHO HAVE REGISTERED WHO AREN'T POLLED AND THE MINORITIES, AREN'T GOING TO SHOW UP TO VOTE, AND KNOW EXACTLY WHERE TO GO, AND WHAT TO DO IF CHALLENGED, GUESS AGAIN.

THEY ALL KNOW MCCAIN IS GOING TO DRAFT THEM, they're showing up, oh believe you me, they're all showing up! AMERICA WILL NOT STAND FOR ANOTHER 4 YEARS OF THIS CRIMINAL BEHAVIOR, $700 BILLION! A DROP IN THE BUCKET COMPARED TO WHAT THEY'VE STOLEN

Posted by: Cookie100 | September 25, 2008 6:13 PM | Report abuse

Solution(s).....

Vote indie. Ask yourself why the independents aren't allowed in the debates.

Throw all of the incumbent bums out.

Set term limits.

Learn how to hunt & cook wild game and grow your own veggies. You're going to need it for a few years.

:)

Posted by: madcitizen | September 25, 2008 6:13 PM | Report abuse

Thank God for the Washington Times and Blankley.
"The mainstream media have gone over the line and are now straight out propagandists for the Obama campaign. While they have been liberal and blinkered in their worldview for decades, in 2007-08 for the first time, the major media are consciously covering for one candidate for president and consciously knifing the other. This is no longer journalism — it is simply propaganda. (The American left-wing version of the Volkischer Beobachter cannot be far behind.) And as a result, we are less than seven weeks away from possibly electing a president who has not been thoroughly and even half way honestly presented to the country by our watchdogs — the press.
The image of Barack Obama that the press has presented is not a fair approximation of the real man. They have consciously ignored whole years in his life, and showed a lack of curiosity about such gaps that bespeaks a lack of journalistic instinct. Thus, the public image of Mr. Obama is of a "Man who never was." I take that phrase from a 1956 movie about a real life WWII British intelligence operation to trick the Germans into thinking the Allies were going to invade Greece, rather than Italy, in 1943. Operation "Mincemeat" involved the acquisition of a human corpse dressed as a Maj. William Martin, R.M. and put into the sea near Spain. Attached to the corpse was a brief-case containing fake letters suggesting that the Allied attack would be against Sardinia and Greece.
To make the operation credible, British intelligence created a fictional life for the corpse — a letter from a lover, tickets to a London theater, all the details of a life — but not the actual life of the dead young20man whose corpse was being used. So, too, the man the media has presented to the nation as Mr. Obama is not the real man.
The mainstream media ruthlessly and endlessly repeats any McCain gaffes, while ignoring Obama gaffes. You have to go to weird little Internet sites to see all the stammering and stuttering that Mr. Obama needs before getting out a sentence fragment or two. But all you see on the networks is an eventual one or two clear sentences from Mr. Obama. Nor do you see Mr. Obama's ludicrous gaffe that Iran is a tiny country and no threat to us. Nor his 57 American states gaffe. Nor his forgetting, if he ever knew, that Russia has a veto in the United Nations. Nor his whining and puerile "come on" when he is being challenged. This is the kind of editing one would expect from Goebbels' disciples, not Cronkite's.
More appalling, NBC's "Saturday Night Live" suggested that Gov. Sarah Palin's husband had sex with his own daughters. That scene was written with the assistance of Al Franken, Democratic Party candidate for Senate in Minnesota. Talk about incest.


But worse than all the unfair and distorted reporting and image projecting, is the shocking gaps in Mr. Obama's life that are not reported at all. The major media simply has not reported on Mr. Obama's two years at Columbia University in New York, where, among other things, he lived a mere quarter mile from former terrorist Bill Ayers— after which they both ended up as neighbors and associates in Chicago. Mr. Obama denies more than a passing relationship with Mr. Ayers. Should the media be curious? In only two weeks the media has focused on all the colleges Mrs. Palin has attended, her husband's driving habits 20 years ago and the close criticism of Mrs. Palin's mayoral political opponents. But in two years they haven't bothered to see how close Mr. Obama was with the terrorist Ayers.
Nor have the media paid any serious attention to Mr. Obama's rise in Chicago politics — how did honest Obama rise in the famously sordid Chicago political machine with the full support of Boss Daley? Despite the great — and unflattering details on Mr. Obama's Chicago years presented in David Freddoso's new book, the mainstream media continues to ignore both the facts and the book. It took a British publication, the Economist, to give Mr. Freddoso's book a review with fair comment.
The public image of Mr. Obama as an idealistic, post-race, post-partisan, well-spoken and honest young man with the wisdom and courage befitting a great national leader is a confection spun by a willing conspiracy of Mr. Obama, his publicist David Axelrod and most of the senior editors, producers and reporters of the national media.
Perhaps that is why the National Journal's respected correspondent Stuart Taylor has written that "the media can no longer be trusted to provide accurate and fair campaign reporting and analysis." That conspiracy has not only photo-shopped out all of Mr. Obama's imperfections (and dirtied up his opponent Mr. McCain's image), but it has put most of his questionable history down the memory hole.
The public will be voting based on the idealized image of the man who never was. If he wins, however, we will be governed by the sunken, cynical man Mr. Obama really is. One can only hope that the senior journalists will be judged as harshly for their professional misconduct as Wall Street's leaders currently are for their failings."

Posted by: rtfanning | September 25, 2008 6:12 PM | Report abuse

now we have it from the horses mouth. Dodd, the chairman of the committee doing the deal, says the white house trip was a complete distraction, and nothing more than a white house orchestrated photo op for McCain that wasted the entire afternoon for no other reason than to give McCain the opportunity to claim he insisted on something to make the deal better and got it. it's fraud, and if we fall for it, shame on us

Posted by: JoeT1 | September 25, 2008 6:09 PM | Report abuse

John McCain remarked some time ago that he doesn't know much about economics. He doesn't serve on the Senate Finance Committee. So he has no standing to get into the middle of the negotiations. His amateur wildass intrusion into this decision-making process hasn't been welcomed. So, what's his game?

(1) Keep Obama's campaign, and the media,
off balance.

(2) Artfully finesse having Sarah Palin
ever having to debate Joe Biden. He's
gambling that the V-P debate will be
replaced by a presidential debate, and
somehow the V-P debate will never
actually get rescheduled.

Posted by: cwh2 | September 25, 2008 6:08 PM | Report abuse

Yes, the racists like mn1234 seem to be the best the Republicans can muster to support McCain. It's actually a disgrace to McCain and to Republicans that their supporters seem to be racist and have an IQ of 10 rather than able to make intelligent points based on facts.

Of course, McCain himself seems only able to lurch around and alternately make false attacks, change positions, pull surprises and distract from the fact that his record is dismal on the economy and he has no intelligent plans for the country at all.

Posted by: kelvinator | September 25, 2008 6:08 PM | Report abuse

Senator Mccain, what advise do you have on the economic crises.

McCain: I don't know, I just stopped by for some coffee and donuts and remind everyone that I supported the surge in Iraq and it worked.

Yes, yes we got that. Now what about the financial crises?

McCain: Well since the surge worked how about we call this one....an Economic "Splurge"

Thank you, thank you once again I've saved washington. And now to roll out this plan Sarah and Todd Palin will explain the intracacies of this deal. I'm going back to my hotel take my afternoon nap. Now lets do a photo op while you guys raise me on your shoulders.

Posted by: ryanr007 | September 25, 2008 6:05 PM | Report abuse

MCCain to the rescue... Gimme me a break.
CNN reports that McCain has missed over 400 Votes in the past two years. More than Sen. Tim Johnson who had a stroke and was in ICU..
So the Senate has functioned just fine without McCain. Now he wants to suspaend his campaign and rush to Washington to save the Day
What a bunch a bull.....
Obama needs to show up for the Debate as scheduled.
If MCCain does not show up its on him.
Make him pay the cost of setting up the debate arrangements.
Is he afraid to face the music? after all Obama graduated Magna Cum Lude from Harvard Law.
MCain graduated 894 out of 899 from the Naval Academy and the only reason he got into the Naval Academy was because his Daddy was and Admiral.
COme on McSame lets get it on
unless he is like Roberto Duran ...No Mas No Mas.

Posted by: Carprin | September 25, 2008 6:04 PM | Report abuse

John McCain remarked some time ago that he doesn't know much about economics. He doesn't serve on the Senate Finance Committee. So he has no standing to get into the middle of the negotiations. His amateur wildass intrusion into this decision-making process hasn't been welcomed. So, what's his game?

(1) Keep Obama's campaign, and the media,
off balance.

(2) Artfully finesse having Sarah Palin
ever having to debate Joe Biden. He's
gambling that the V-P debate will be
replaced by a presidential debate, and
somehow the V-P debate will never
actually get rescheduled.

Posted by: cwh2 | September 25, 2008 6:04 PM | Report abuse

Ramming an utterly unpopular bailout down the throat of taxpayers and voters is not smart politics. No matter how you sugarcoat it. To do so while lining up behind a failed president of the other party who will soon exit the stage is even more stupid. The only people left who will be seen as coddling Wall Street will be Congressional Democrats.

But Dems will be Dems. They don't seem to learn.

Posted by: bobte | September 25, 2008 6:04 PM | Report abuse

MCCain to the rescue... Gimme me a break.
CNN reports that McCain has missed over 400 Votes in the past two years. More than Sen. Tim Johnson who had a stroke and was in ICU..
So the Senate has functioned just fine without McCain. Now he wants to suspaend his campaign and rush to Washington to save the Day
What a bunch a bull.....
Obama needs to show up for the Debate as scheduled.
If MCCain does not show up its on him.
Make him pay the cost of setting up the debate arrangements.
Is he afraid to face the music? after all Obama graduated Magna Cum Lude from Harvard Law.
MCain graduated 894 out of 899 from the Naval Academy and the only reason he got into the Naval Academy was because his Daddy was and Admiral.
COme on McSame lets get it on
unless he is like Roberto Duran ...No Mas No Mas.

Posted by: Carprin | September 25, 2008 6:04 PM | Report abuse

Yes, the racists like mn1234 seem to be the best the Republicans can muster to support McCain. It's actually a disgrace to McCain and to Republicans that their supporters seem to be racist and have an IQ of 10 rather than able to make intelligent points based on facts.

Of course, McCain himself seems only able to lurch around and alternately make false attacks, change positions, pull surprises and distract from the fact that his record is dismal on the economy and he has no intelligent plans for the country at all.

Posted by: kelvinator | September 25, 2008 6:04 PM | Report abuse

Xaterb : I am a black jew-so how is that racist?

Posted by: mn1234 | September 25, 2008 5:58 PM | Report abuse

PEOPLE QUOTING OPEN SECRETS, IS LIKE ME QUOTING HUFFINTON POST! GIVE IT UP.

RICK DAVIS MCCAINS CAMPAIGN MANAGER TOOK $2 MILLION BIG ONES FROM FANNIE AND FREDDIE, WHUT THE F--K UP ALREADY WITH THE neoCON opensecrets

Posted by: Cookie100 | September 25, 2008 5:55 PM | Report abuse

Somebody throw some water on frankv. His dirty mouth is frothing badly he may be suffering from spontaneous combustion. This kind of heat causes brain damage. 'Nuf said.

Posted by: jeffl240 | September 25, 2008 5:54 PM | Report abuse

Let me get this straight 2 days ago Pelosi/Reid say there won't be a deal unless McCain is on board...McCain makes the right decision to do the job he was elected to do and now Pelosi/Reid don't need him...but wait the republicans aren't on board yet so really they do need him...
He is putting country first.
Also for all you uninformed voters and commenters and media out there here's some actual facts.
Check out the Federal Housing Enterprise Reform Act of 2005..an act which warned of this crisis and had a plan to prevent this crisis but never made it out of committee...Why? Because the Ranking Member of that Committee Senator Dodd was receiving preferencial treatment from a mortgage company involved...the co=sponsor of the bill?..John McCain...the legislation that made these loans available? Check out the Federal Housing Enterprises Safety and Soundness Act of 1992 and while your at it review the record from Fannie Mae which state that the Clinton Administration put pressure on them to make more loans...also democrats headed up these firms..democrats currently serving on Obama's election team..
If your going to make accusations at least have the facts to back them up...democrats caused this fiasco

Posted by: tiggerward | September 25, 2008 5:53 PM | Report abuse

Poor old poopy McSame. Poor old poopy McLame

I JUST SAW A GREAT TV AD ON MSNBC, DOCTORS ASKING MCINSANE, TO SHOW THEM HIS MEDICAL RECORDS, THE COUNTRY DESERVES TO KNOW.

HEY MY MOM DIED FROM MELANOMA THE FIRST TIME, MOST PEOPLE DO. IT'S INSIDIOUS IN IT'S NATURE, HE'S HAD IT 4 TIMES!

NOW HE RUNS TO D.C. WHEN AN AGREEMENT HAS BEEN REACHED, AND YOU THUGS THINK CALLING OBAMA, HUSSEIN OBAMA BOTHERS ANYONE!

YOU ARE RACISTS TO THE INTHS DEGREE, AND I PRAY, IF MCOLDFART WINS YOU HAVE KIDS AND GRANDKIDS, CAUSE THE FIRST THING THE MCGIMMICK WILL DO IS:

START THE DRAFT, WOMEN TOO THIS TIME. 35 AND UNDER, YOU'RE ALL GONERS, LESS OF COURSE, YOUR FAMILY HAS TONS AND TONS OF MONEY, STOLEN FROM THE TAXPAYERS, NATURALLY!

BUSH AND THE GOP HAVE GOTTEN US INTO THIS MESS, REMEMBER 9/11, BUSH WAS PRES. THEN TOO. REMEMBER IRAQ, HURRY, HURRY WMD'S, YHA'LL MR HEDGE, WE ALL GET AND GRANDPA MCGOO, 90% OF US GET YOU TOO!

Posted by: Cookie100 | September 25, 2008 5:53 PM | Report abuse

"OBAMATRONS: History will repeat itself. As a jew -- you can see the similarities of the rise of Hitler and BHO. Honestly, when our enemies want Hussein as President-that is scary. Why wouldn't they, Hamas openly supports BHO--WHEN ENEMY TERRORIST support BHO don't you worry just a bit??
(no payment here, no koolaid, no arguments, just a valid question)"

That's not a valid question. That's called being prejudice. Just say you hate black people and get on with it. Statements like that prove how inept and racist you really are.

Posted by: XanderB | September 25, 2008 5:52 PM | Report abuse

"....no sane (or unstoned) person really believes McCain had ANY thing to do with getting Congress to strike this deal."

What deal?

As far as I can see, McCain has only polarized things and pushed any deal that may be made further into the future.

He has really thrown a monkey wrench into the works.

Yesterday evening things looked hopeful.

Dems and Repubs were in rough agreement.

Paulsen had relented on not having taxpayer equity, CEO pay restrictions, mortgage restructuring, etc.

Now its all chaos.

At the rate things are now going, any deal or debate for that matter will be after the elections...lol!

McCain has no expertese or power to really help things, but he sure DOES have the power to sabotage things and waste time.

Of course, the Repubs are all good at that.

Posted by: plaza04433 | September 25, 2008 5:51 PM | Report abuse

FrankV says "All you Hussein Obama robots, listen up. It was the left wing, socialist Democrats that caused this Wall St. mess..."

One has to wonder what planet you live on, FrankV -- as Wall Street Bankers are the core of Republicans, as anybody that has paid any attention to politics for the last 30 years knows. Republicans are the party of the rich - as no informed person would dispute - only their spin machine and the folks it fools think otherwise. Of course, some Dems are corrupt as well- this is America - but look at the Republican platform - they've got Wall Street dollar signs$$ and deregulations$$ and other sops to their big $money$ supporters.

It's always amazing how they can fool so many people -- I'd bet you don't have much of an education. They rely on what they call the "low information voter".

Posted by: kelvinator | September 25, 2008 5:50 PM | Report abuse

OBAMATRONS: History will repeat itself. As a jew -- you can see the similarities of the rise of Hitler and BHO. Honestly, when our enemies want Hussein as President-that is scary. Why wouldn't they, Hamas openly supports BHO--WHEN ENEMY TERRORIST support BHO don't you worry just a bit??
(no payment here, no koolaid, no arguments, just a valid question)

Posted by: mn1234 | September 25, 2008 5:49 PM | Report abuse

"I can't wait to see the new polls next week, because McCain has done it to you again, and there's nothing you can do about it except whine and moan, which is what liberals are best at."

Yes, each time he pulls one of his stunts he gets a quick bump in the polls. Then within the next week the polls are back to showing Obama ahead. There's only so many times that he can pull his stunts before people catch on. I guess some people are just slower than others.

Posted by: XanderB | September 25, 2008 5:48 PM | Report abuse

Whatever McCain's role will be, the Dems will be left holding the bag on this. Bush will be back in Texas in four months. The money will probably be gone by then too or soon after. The chance of this housing crisis getting fixed by this bailout will be low if any.

In short the bailout will be a big political fiasco that will be hung around the Democrats' neck for many elections to come. Republicans will be running TV ads accusing Pelosi and Reid and Obama of lining the pockets of Wall Street fat cats every chance they get.

Posted by: bobte | September 25, 2008 5:47 PM | Report abuse

McCain is trying to look like they needed him in Washington. He is nothing but a poser like his running mate. this hypocrite has yet again throws sand in the face of the electorate hoping to distract from his failing campaign. McCain has politicized the bailout debate to change the converstion to what a great leader he is. This urgency (maybe he heard Surge?)is the biggest shuck since WMD. Yes there is a crisis on Wall St. It has been there for at at least a year. There is no need to solve this problem in a week - we could take a month. We could come up with six other better ways to do the job. We don't need the candidates to come up with all the answers by Monday- that is plain Shock and Awe, mushroom cloud scare tactics. McCain is either trying to avoid the VP debate, or he just simply can't walk and chew gum or he is just plain chicken. McCain has demonstrated again and again that he is a gambler not a leader. We don't need any more cowboys in the White House. He can run from the debate but he cannot hide from his link to failed policies and his poor judgment.

Posted by: jeffl240 | September 25, 2008 5:47 PM | Report abuse

The more the liberlas yell and scream, the more sure I am the McCain is doing the right things.

The words "McCain is desperate" are liberal code for "We just got outflanked and outmaeuvered again...for the umpteenth time."

They said he was desperate when he ran the celebrity ads and challenged Obama to townhalls. That worked.

They said he was desperate when he picked Sarah Palin. That worked too.

I can't wait to see the new polls next week, because McCain has done it to you again, and there's nothing you can do about it except whine and moan, which is what liberals are best at.

Poor Barry. I guess doing the work of the Senate is "above his pay grade."

Well, he'll have the rest of his Senate term to learn what his job is (hint: it doesn't involve 19 months of ignoring your constituents so you can campaign).

Posted by: etpietro | September 25, 2008 5:45 PM | Report abuse

"The media and Hussein Obama are the biggest disgrace for America in 200 years. God help McCain and America!!!!!! "

Actually Frank, I'd have to say that you're the biggest disgrace for spreading the same lies that every other GOP lapdog has been spreading for the past month. Peddle your crap elsewhere.

Posted by: XanderB | September 25, 2008 5:45 PM | Report abuse

Has John McCain stopped for just one second to think through what the impact of an unnecesarily cancelled debate will be for Mississippi, the debate organizers, the networks.

Anational presidential debate doesn't get organized like a town hall meeting on a hay rick.

Right now his behavior is disgusting, he is holding everyone hostage like an attention-seeking spoiled brat. HE wants to do this for his own agenda, nothing to do with "country first" that's baloney.

As of Tuesday he "hadn't found time" to read the 2 1/2 page proposal for a $700 Billion bailout deal, but he expects us to actually believe he cares, is involved and intellectually capable of leading the negotiation?? Tell me - HOW could a "country first" presidential candidate have that proposal in his possession and not get around to reading it?

This man is not fit for the presidency, more like the asylum. He is far too instable.

Posted by: TruthFairy | September 25, 2008 5:44 PM | Report abuse

Were the consequences not so serious, I would vote for McCain, pray for him to go down January 21, and watch with glee as the Alaskan bimbo strokes out taking the oath of office.....

Posted by: pgiaquinto | September 25, 2008 5:43 PM | Report abuse

Can I just say how embarrassing it is when white women like chevychasedesigns refer to Obama as a "boy"? Are you serious? Get a grip and learn some history. And quit embarrassing the rest of us who wear dresses but actually have a brain. Now to McCain's role: Country First, AFTER ME. He's too chicken-hearted to debate and you macho republican nose hair neanderthals know it. He just used one of the worst crises since the Depression as his own personal campaign strategy! God Almighty! Wake up. He's a loser. He wouldn't know a budget from a bean. He had no role in the agreement they made. He's weaseling his way out of the debates and joining the mayor of the moose lodge from Alaska in her press-free bubble.

Posted by: medogsbstfrnd | September 25, 2008 5:43 PM | Report abuse

"...the Bush administration's $700 bailout plan accused..."

Heck! If it's only 700 bucks that's causing all the ruckus, I'll just write a check to the Treasury and we can all move on.

Posted by: IndigoRed | September 25, 2008 5:42 PM | Report abuse

George Bush - worst president in U.S. History. After 8 years and 10 trillion dollars, he needs a trillion more to keep us from spiraling into another Republican Depression.

Posted by: hamishdad | September 25, 2008 5:41 PM | Report abuse

You can fool some people some of the time...

But Mr. McCain is showing that he himself is too much of a fool to fool most people most of the time. He played no meaningful role in getting this legislation passed - then his spokesman Tucker Bounds claims credit for it on his behalf. Anyone paying attention at all sees his falseness and desparate over-reaching claims. It should be embarrassing to anyone who once respected him when he was a true maverick in party many years ago. You can't even say he's taken on the same Karl Rove tactics he was attacked with in 2000 - Rove is much more clever in his lies than McCain's campaign is.

Posted by: kelvinator | September 25, 2008 5:41 PM | Report abuse

McCain should pony up the $150 billion plus that he cost taxpayers in connection with the Savings and Loan scandal.

In fact, the money spent in a war of choice in Iraq, would probably be nice to have too right about now.

Ante up Senator Creepy!

And stop trying to weasel out of a presidential debate.

Posted by: JPRS | September 25, 2008 5:40 PM | Report abuse

WHAT IS MCCAIN AND HIS STAFF ON?

Are McCain and his people on drugs? I mean not just alcohol or pot or cigarettes, but good solid drugs like magic mushrooms -- this is the only possible explanation for their apparent disconnect from reality -- no sane (or unstoned) person really believes McCain had ANY thing to do with getting Congress to strike this deal.

And think of the poor staff -- with a VP candidate who prayed to be protected from witchcraft, a candidate who looks ill, lies to Letterman, and changes positions so often he looks like a contortionist, the only way a staffer could handle the stress is to take mind-altering drugs.

Posted by: kxrc | September 25, 2008 5:39 PM | Report abuse

McCain has it all sewn up, he will run to Washington on his white horse named "Maverick" and all of the sudden there will be a deal....Bull-oney. This is just why Obama was right to keep himself out of the forefront of this fiasco. McCain has stacked the deck. There was a confirmed deal and then McCain comes to town and all of the sudden some House Republicans do not like the way the "i" is dotted and the "t" is crossed. And believe it or not some Americans will fall for this pseudo-hero role of McCain's. Well I think this whole thing smacks of political bullcrap and McCain s/b ashamed of himself. To put his political aspirations before the American economic prosperity is below contempt, and it smacks of dirty pool. I have seen some low tricks in the political arena but John McCain has sunk to a new low. Go ahead and play Superman Mr. wannabe president, but you and the majority of clear minded thinkers will see through this as the ploy that it is. Why couldn't you face Obama like a man instead of slinking on your belly like the Viet-Cong sympathizer that you are.

Posted by: kirk2trek | September 25, 2008 5:39 PM | Report abuse

After 8 years of bushie, and seeing what McCain is like, if Obama is president and its nothing but disaster after disaster, I will know that, as bad as that may be, it could have been much, much worse.

Posted by: bushieisa | September 25, 2008 5:38 PM | Report abuse

McCain is looking really desperate. And this may be one reason why... Palin on Russia...
http://www.youtube.com/watch?v=iv6CRObROV0

Posted by: guitar_blue | September 25, 2008 5:37 PM | Report abuse

mn1234 - wake up and smell the coffee instead of the Republicretin Kookaid. McSame looks scared, not Presidential. He and that yappy mutt of his, Palin, couldn't run a quickie mart.

I hope you are getting paid for posting this nonesense. Otherwise, your looking stupid for free.

Posted by: xconservative | September 25, 2008 5:37 PM | Report abuse

WASHINGTON IN LOGJAM UNTIL MCCAIN SHOWS UP

Posted by: JaxMax | September 25, 2008 5:35 PM | Report abuse

All you Hussein Obama robots, listen up. It was the left wing, socialist Democrats that caused this Wall St. mess. Do some research. I doubt if you will or can, because all you robots have the brains the size of a nats ass. Check out Barney Frank, Chris Dodd, Jamie Geralick, Johnson, Gaines, and a bunch more of the corrupt commie Democrats.McCain saw this coming years ago and the idiot Democrats killed his bill.I also get a big laugh when you brainless Obama robots say McCain is afraid to debate that phony in a cheap suit, Obama. McCain took more then 5 yrs. of torture and living like a rat. He would never be afraid of a pip squeak,scripted,socialist,dirtbag like Hussein Obama. McCain put his country first, while that despicable empty suit, Obama said "call if you need me". With all his rhetoric and all his friends, like Wright, Ayers, Rezko etc. he is the most disgusting person to be a Senator, much less run for President. When the people start seeing the ads about his friends, he will be finished.The media is protecting him but not for long. They are as bad as him. The media and Hussein Obama are the biggest disgrace for America in 200 years. God help McCain and America!!!!!!

Posted by: frankv | September 25, 2008 5:35 PM | Report abuse

McSames role was to play one of the keystone cops - run around looking stupid while actually doing nothing. He is just like his mutt Palin - not needed, not wanted and not useful.

Posted by: xconservative | September 25, 2008 5:35 PM | Report abuse

OBABAMTRONS in full swing.
Hitlers followers were the same.

we need a PRESIDENT not a MESSIAH

mccain is presidential

Posted by: mn1234 | September 25, 2008 5:21 PM |
___________________________________

you sound sooooooo stupid!!!!!!! I CAN SEE YOU ARE ONE OF THE IGNORANT PEOPLE THAT LISTEN TO RUSH LIMBAUGH!!! LOL HE ACTUALLY CALLS OBAMA THE MESSIAH QUITE FREQUENTLY!!! LOL well sorry i am a catholic and the only man i worship is GOD!! but we see who your follower is... that ignorant fool Limbaugh!! lol

Posted by: rinny_1983 | September 25, 2008 5:34 PM | Report abuse

Suspended campaign or no suspended campaign, the Post showed McCain in New York, this morning, not DC, with the Clinton Global Initiative, not the bailout bill. And by the time he got here, the people in Congress with real responsibility for and experience in this issue had hammered out their plan. Maybe they were successful since they were buoyed by the idea of his imminent arrival, but I doubt it. Looks like all he really wanted to suspend was the debate. Or her debate.

Posted by: fmjk | September 25, 2008 5:33 PM | Report abuse

Throughout this campaign, Senator McCain has conducted himself in a very irresponsible manner, and his erratic actions and statements are increasingly befuddling. This latest move is a clear Hail Mary moment designed to switch the conversation from Obama's lead in the economy to his 'selfless' act to 'save' the economy with his ONE vote. A brilliant move, despite risks to global confidence, and amidst slipping public polls. Through the campaign, we have seen the spectacle of 'Celebrity' while Obama was in Berlin, and Palin's family drama as analysis of Obama's speech at the DNC was ripped off the airwaves. And now an act of feigned selflessness in suspending his campaign which has effectively changed the media conversation to inextricably tie the rescue package to his name, at the grave risk of further delaying the time-critical process through injection of presidential politics.

While strategically powerful, one does question why an upright, together candidate, would resort to such wanton acts of manipulation and diversions. 'Celebrity' was highly effective, as Obama's poise, substance and popularity was used effectively against him. However,it is now becoming apparent that the woman who could be a 72-year old heartbeat away from presidency is woefully under-qualified for the task, and was selected purely for shock value and for stealing the media initiative. In this latest move, McCain's interference risks delaying the bill, and eroding global confidence further by presenting to the world a divided America.

Repeatedly, Senator John McCain has turned away from his old respectable self, offered positions his campaign has not been able to back up (i.e. claiming to fight a lobbyist infested government when his own campaign is staffed and funded heavily by special interests). In his relentless charges of media 'bias' (creating doubts in the foundations of truth in society), followed by relentless volleys of lies, John McCain has shown a willingness to apply mass manipulation to misinform the electorate on key issues affecting their choice like taxation (50% of americans still believe that Obama will raise taxes for everyone), and applying the same old tactics of dividing the electorate with choices (abortion, guns, gay marriage) which are totally irrelevant for the challenges facing America today. With his campaign unable to pull ahead, McCain has also shown a willingness to steal the mantle of change from Obama, attempting to make some of his opponent's key ideas (gov records on the web, reform) look like his own. Of late, there have been a very subtle injection of race into the conversation, and as evident in the rise of intolerant acts and statements across the blogs and across America, he has wilfully fanned the flames of racism - the rot of our society.

At the heart of his strategy is a general assumption that Americans are naive, unable to do their own research, and unable to be critical of attempts at manipulation. Taking a strongly anti-intellectual tone, one questions how this kind of leadership would encourage our young to strive for a better education. Instead of hope and promise, he has driven his campaign through fear and division.

With the race still close, his campaign strategy is still statistically effective. Looking deeper, one question lingers - is winning more important to John McCain than doing the right thing?

Posted by: andytoh | September 25, 2008 5:33 PM | Report abuse

MCCAIN FORCES FINANCE RESCUE

Merely by postponing the debate and returning to Washington, John McCain forced recalcitrant Dems to agree in principal to the Bailout.

Now McCain needs to stay in Washington over the weekend until the Bill is signed to prevent Dems from snatching defeat from the jaws of victory.

Posted by: JaxMax | September 25, 2008 5:32 PM | Report abuse

Suspended campaign or no suspended campaign, the Post showed McCain in New York, this morning, not DC, with the Clinton Global Initiative, not the bailout bill. And by the time he got here, the people in Congress with real responsibility for and experience in this issue had hammered out their plan. Maybe they were successful since they were buoyed by the idea of his imminent arrival, but I doubt it. Looks like all he really wanted to suspend was the debate. Or her debate.

Posted by: fmjk | September 25, 2008 5:31 PM | Report abuse

OBAMATRONS: it is not an argument. Hitlers followers follow the same blind path their 'savior' laid out for them. Ask the germans. Perhaps that is why 200,000 of them came out to see Obama --they had seen this type of "Messiah" before with HITLER>
Very dangerous to think the messiah is coming and even more dangerous to think of President Hussein as him

Posted by: mn1234 | September 25, 2008 5:31 PM | Report abuse

"congressional oversight of Fannie Mae and Freddie Mac"
How could the congress have any oversight over two monstrous size companies like those two?

I think we have found the problem!

Posted by: gousaphe | September 25, 2008 5:30 PM | Report abuse

John McCain's actions are deplorable. It is clear that he is putting his own interests ahead of national and global interests. We are seeing his true colors now. Like reported elsewhere, the house was close to an agreement, so McCain, who is admittedly ignorant of the economy comes in and delays things by a day, struts around like he knows what's going on, but is not involved. This is the worst thing that could happen. The potential for the presidential debate being moved to the VP debate slot gives him a slim opportunity to pull another hail mary to cancel the Palin-Biden match-up altogether. America, you have been warned.

Posted by: andytoh | September 25, 2008 5:30 PM | Report abuse

mn1234 - you've got a strong point of view, but it doesn't seem to relate to the facts - one important one being that McCain, with minor variations, totally supports Bush's failed policies. There's no way those disastrous policies deserve any more time trashing this country.

Actually, we need an intelligent, thoughtful person who can hear more than one point of view. That's something we haven't had for 8 years and won't have with McCain. His campaign is all attack and drama - not thoughtful and calm consideration. He would be another unintelligent President - we can't afford one now.

Posted by: kelvinator | September 25, 2008 5:29 PM | Report abuse

People, look to see McCain swing behind the majority of congressional Republicans and oppose the deal--and denounce it as a corrupt scheme by "Wall Street" and the "Democrat Congress." He'll be perfectly happy to put on his "maverick" false-face and make a grand-standing declaration that he's broken with Bush.

He's waiting to see how the public--and especially the Republican faithful--respond, and will demagogue from there.

And probably the result will be another stock market meltdown and a further credit crunch, which he'll then try to blame on Obama, the "Democrat Congress," the crooks of Wall Street, and that traitor to the ghost of St. Ronald Reagan, George W.

Just like the GOP rank-and-file denounced Old Bush as the devil incarnate for going back on his "read my lips" pledge on taxes.

Posted by: jm917 | September 25, 2008 5:29 PM | Report abuse

I am suspending my campaign to "spend some time in my office with several Republican colleagues, briefly stop at [John]Boehner's office, then [have] lunch at the Capitol's Mansfield Room before returning to [my] office in the Russell Senate Office Building."

Posted by: ChrisDC | September 25, 2008 5:28 PM | Report abuse

L-O-V-E Y-O-U

O-B-A-M-A BABY BOY!!!xxxxxxxx

Thanks for teaching me what it means to be a gentleman in politics.

White, female, adoring fan.

Posted by: chevychasedesigns | September 25, 2008 5:28 PM | Report abuse

Well Mr McCain has until 5 PM to play out his mini-drama. Then he will have to fish or cut bait.

Posted by: Gator-ron | September 25, 2008 5:27 PM | Report abuse

As usual WaPo Media Chauvins for Obama slam McCain. It is their demented duty to do all they can to elect their second coming, their chosen ONE, Obama. First they slammed Hillary, then McCain, then Palin, and now McCain again.
Posted by: wj_phillips
------------------------
Poor baby, maybe if you ask nice, mommy will give you a cookie.

Seriously, though, you really do need to see a therapist. If you don't do it now, your head may explode on November 5.

Posted by: katie11 | September 25, 2008 5:26 PM | Report abuse

the story reads, "By time the GOP nominee arrived, his colleagues were announcing a deal in principle."

LOL

mccain is such a loser!

:D

right john? are you a friggin loser john?

"yes." says john meekly.

say john.. isn't sarah a friggin loser too?

"yes." says john meeekly once again.

Posted by: presGWBfanclub | September 25, 2008 5:26 PM | Report abuse

After 8 years of bushie, and seeing what McCain is like, if Obama is president and its nothing but disaster after disaster, I will know that, as bad as that may be, it could have been much, much worse.

Posted by: bushieisa | September 25, 2008 5:26 PM | Report abuse

"we need a PRESIDENT not a MESSIAH

mccain is presidential
"

You know, you would think that after the Republicans started calling Sarah Palin a Messiah, people such as yourself would have dropped that whole schtick. Sad that your brains can't process properly, otherwise you'd come up with new arguments.

Posted by: XanderB | September 25, 2008 5:24 PM | Report abuse

in 2005 when Fannie & Freddie were become too big, Republicans all voted to put regulations in place to avoid what's happening today, and every democrat voted against it, and there was no majority. So it never got to a vote to be enacted. The dems wanted 'affordable' housing for all, not giving a crap about reality and the consequences.

Fact.

Now the dems want to pose as if they're coming to the rescue.

Posted by: madcitizen | September 25, 2008 5:03 PM | Report abuse
*****************

Sorry. As has been pointed out many times here this week, yours if a "half-fact," to be charitable.

Actually, it was President Bush and such heavy hitters as the National Association of Home Builders (see their web site: they were the ones behind affordable housing, and they're hardly in the tank for Dems) who scuttled S. 190.

Fortunately, most posters here are up on this stuff, so you're gonna have to do a little better than that.

Posted by: abqcleve | September 25, 2008 5:22 PM | Report abuse

What has been McCain's role in the bailout agreement reached today. NONE NONE NONE

His economic advisor did talk with House republicans but he's not McCain

I would not be surprised if McCain tries to sabotage the agreement reached today. He is so schizophrenic that its impossible to predict anything he will say or do.

McCain needs to get on a plane to the nearest carnival. It is where stunt men belong. He will miss the debate tomorrow. So what. Obama will get a 90 minute interview with Jim Lehrer.

Posted by: pbarnett52 | September 25, 2008 5:22 PM | Report abuse

OBABAMTRONS in full swing.
Hitlers followers were the same.

we need a PRESIDENT not a MESSIAH

mccain is presidential

Posted by: mn1234 | September 25, 2008 5:21 PM | Report abuse

Kelvinator,

What you're saying is on the mark. The main thrust of the work in 2003 had to do with accounting scandals -- this was fallout from Enron.

Bush was worried about an Enron issue at Fannie Mae and wanted to remove appointing authority.

No one though in the GOP was seriously talking about upholding strong lending standards across the industry. Remember, the magic hand of the free market never fails.

The de-regulation argument was the same one advanced under Reagan to remove oversight of the Savings and Loan industry -- a precursor to this ongoing debacle.

McCain might know something about that one.

Posted by: JPRS | September 25, 2008 5:21 PM | Report abuse

Is it not obvious Mcinsane is confused, frighted, delusional, and desperate.

Posted by: maat523 | September 25, 2008 5:21 PM | Report abuse

Rick Davis threw another "Flash Bang Grenade" I told you in previous posts that he would do this. Here is the reason for todays grenade.


NEW YORK TIMES 9/24/08

"...The disclosure undercuts a remark by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years...


"....As president of the Homeownership Alliance, Mr. Davis received $30,000 to $35,000 a month. He, along with Fannie Mae and Freddie Mac, have characterized the alliance as a coalition of many housing industry and consumer groups to promote homeownership, but numerous current and former officials at both companies say the companies created and bankrolled the operation to combat efforts by competitors to rein in their business. The companies dissolved the group at the end of 2005 as part of cost-cutting in the wake of accounting scandals and, at Freddie Mac, a lobbying scandal that forced out its top Republican lobbyist....

On Monday, the McCain campaign attacked The Times for its account of those payments to Mr. Davis, saying the paper was “150 percent in the tank” for Mr. Obama. Mr. Davis said that he had worked not for the two companies but for the advocacy group, which included other organizations as well and, he said, was focused only on promoting homeownership....

..After the Homeownership Alliance was dissolved, Mr. Davis asked to stay on a retainer, the people familiar with the deal said. Hollis McLoughlin, who was chief of staff to Richard F. Syron, Freddie Mac’s chief executive, arranged for a new contract with Davis Manafort at the reduced rate of $15,000 a month, they said..."

The unintended victim is...well, remember George F. Will's comment "McCain has lost his head"

Posted by: MILLER123 | September 25, 2008 5:20 PM | Report abuse

Flash - McCain found wandering naked and disoriented in downtown DC. Apparently, his meds have been wrong for weeks, and he believed he was then running for President, picked a hot hockey mama for VP, then had suspended his campaign, flew his fighter jet to Washington and saved the country from financial ruin. He was returned to his nursing home and put to bed with a glass of milk.

Posted by: kelvinator | September 25, 2008 5:18 PM | Report abuse

SPIN SPIN SPIN ... It saddens me to see my Republican friends acting so desparate and using this crisis to score political points.

The candidate seems unhinged ... and is all over the map ... and this is not the kind of feeling we want to have for the next 4 to 8 years.

Posted by: amitchel | September 25, 2008 5:18 PM | Report abuse

What has been McCain's role in the bailout agreement reached today. NONE NONE NONE

His economic advisor did talk with House republicans but he's not McCain

I would not be surprised if McCain tries to sabotage the agreement reached today. He is so schizophrenic that its impossible to predict anything he will say or do.

McCain needs to get on a plane to the nearest carnival. It is where stunt men belong. He will miss the debate tomorrow. So what. Obama will get a 90 minute interview with Jim Lehrer.

Posted by: pbarnett52 | September 25, 2008 5:18 PM | Report abuse

It doesn't matter how you try to frame this to Obama's advantage, it will be McCain's deal -- good or bad.

Posted by: info42 | September 25, 2008 4:55 PM | Report abuse
*************

I'm visualizing William H. Macy, "No way! This is MY deal, see? They asked to speak specifically with me!"

Posted by: abqcleve | September 25, 2008 5:18 PM | Report abuse

Madcitizen,

Fact:

The majority of subprime mortgages and Alt-A loans were NOT issued by Fannie and Freddie.

There's a whole section of non-conforming loans that were created by the shadow banking industry (made possible in large part by Republicans like Phil Gramm).

If Fannie and Freddie were the main issue, we would not have needed to bail out AIG. We would not be talking about a $700 billion cash infusion to unfreeze the credit market.

The GOP talking point about Fannie and Freddie is interesting, but like a lot of GOP talking points it's mostly smoke and mirrors.

Posted by: JPRS | September 25, 2008 5:17 PM | Report abuse

"emilas"? "Chauvins"? Who, exactly, is making "lots of noise and no sense"?

Posted by: mattintx | September 25, 2008 5:17 PM | Report abuse

I wouldn't be surprised to later discover that House Repubs intentionally disagreed with the plan today, just to stall it for a day or two so their candidate (McCain) could have time to appear to being working with them to hash out an agreement.

Posted by: DogBitez | September 25, 2008 5:16 PM | Report abuse

I love how they said that Republicans were waiting for McCain to do something to sign on to this whole deal. Sounds to me like they are assisting in keeping McCain off the campaign trail by "holding him up" in Washington.

Posted by: XanderB | September 25, 2008 5:15 PM | Report abuse

Let's review, last week he said "the fundementals of the economy are basically good", this week he said he hadn't even read the plan, all of those Republican Senator's and Congressment interviewed said they had not talked to him, he's the one that asked Bush to summon him and Obama to the WH for a so called emergency meeting, said he was suspending his campaign, yet went on Courics show, Clintons big shindig both with big campaign speeches, is still running ads all over the country, sent his talking head to MSNBC five times today and on CNN, now watch once a deal is reached he will hold a press confrence and say that while he was toiling to save the Country and maybe even the world Obama was planning the debate! Anyone who can't see through this BS is on crack!

Posted by: sfilutze | September 25, 2008 5:15 PM | Report abuse

Ask not .. what I can do to pass this bill, ask what this bill can do to pass me off as looking Presidential! ;-)

Posted by: dave40 | September 25, 2008 5:14 PM | Report abuse

now it looks like all McCain did was potentially scuttle the deal. he just wants to try to maneuver to take credit for something he did nothing to help accomplish. some republicans are now trying to muck it up just so McCain can do just that. what a mess. and McCain created it by trying to politicize it. McCain first, country second.

Posted by: JoeT1 | September 25, 2008 5:13 PM | Report abuse

madcitizen - As I understand it, the supposed Fannie Freddie reform package that McCain and the Repubs voted for a couple of years back just took the institutions out of congressional oversight to treasury, and actually had no real regulatory impact. Anyone who is paying attention and honest knows that while there is corruption and blame for both parties, on balance the Repubs have championed insane deregulation of free markets for decades while the Dems have generally supported appropriate controls. Now the Reagan notion that free markets are geniuses and regulate themselves and that the gov't regulation is always bad is stone dead, and will remain that way for a long time - hopefully forever.

The republicans are the party of the rich and always have been. They have championed unfettered greed while supporting not even the most basic healthcare given as birthright by every other developed country. They can't run away from that record now.

Posted by: kelvinator | September 25, 2008 5:12 PM | Report abuse

MCCAIN THINKS AMERICANS ARE IDIOTS!!!!

This move was straight political and it is obvious... Mccain has not sponsered a banking bill this congress!!!

"Neither Sen. McCain (Ariz.) nor Sen. Obama (Ill.) sits on the Banking, Housing and Urban Affairs Committee, which is taking the lead in the upper chamber of molding the bailout plan.

McCain is the lead sponsor of 38 pieces of legislation during the 110th Congress, none of which have been referred to the Banking panel, according to a review of Thomas, a congressional website.

Obama has introduced 130 measures during this Congress. Five of Obama’s standalone bills fall within the Banking Committee's jurisdiction."

READ MORE:
http://thehill.com/leading-the-news/mccain-has-introduced-no-banking-bill-this-congress-2008-09-25.html

Posted by: rinny_1983 | September 25, 2008 5:11 PM | Report abuse

"Old man yells at cloud."

McKeating5 is acting his age, I guess.

Posted by: Roofelstoon | September 25, 2008 5:08 PM | Report abuse

According to well placed sources around the McCain campaign the crafty septuagenarian has saved Western Civilization from a cataclysmic financial crisis. Most remarkable; he appears to have pulled off this historic deed while misleading his socialistic critics with a facade of cleverly crafted cluelessness, confusion, and poor decision making.

Banking Committee members, limited as they are by being mere mortals, were finding the math too difficult. In addition there was considerable confusion amongst Republican members of the committee as they had been operating under the impression that Congress is only allowed to strike down business regulations. After checking with constitutional scholars, and Goldman-Sachs legal council, they were amazed to find that, in the case of a global economic melt-down, they are actually empowered by the constitution to regulate businesses.

Apparently the current crisis is so dire that the GOP will allow the Republican lawmakers to participate in writing strict regulations, as long as they swear to baby Jesus to provide massive giveaways to America's wealthiest people in the future. Said one GOP insider, 'Jesus wouldn't want it any other way.

An amazing aspect of McCain's most recent act of heroism is that he seems to have unveiled some hidden telepathic power whereby he was able to control the thoughts and actions of Banking committee members from afar. The heroic Senator, having come to the conclusion that, although the economy is fundamentally strong, the pissing and moaning from the non-heroic class was getting to be a bit much. So, despite having not attended a Senate session for nearly two months, after taking his daily nap, our hero was able to focus his awesome mental powers on the Capitol where his telepathic powers stiffened spines and improved the math skills of all involved. Said one committee member,

'we had been working night and day and even though we had already worked out an agreement we lacked the energy to get the proposed legislation to the fax machine. We were arguing about where to get lunch, personally I wanted the hot dog platter from PS7's over by China Town. That gourmet relish and the hard roll buns? You can't get them kinds of eats back in Idaho. Anyhow, all of the sudden this aura enters into the room and it's like a fog is lifted, suddenly for the first time I feel like a real man. And I know it's the spirit of John McCain possessing me because along with he energy to send the fax over to the White House I was also possessed with an overwhelming urge to bomb Iran and Russia. It was totally friggin awesome!'

In related news, wrestling promoter Vince McMahon is rumored to have solidified his control over the McCain campaign.

Posted by: HeavyD1 | September 25, 2008 5:08 PM | Report abuse

The other day during his press conference, Obama was more focused on the economy and more presidential than McCain. McCain is short sighted and acts like he knows about the economy and "maverickly" makes statements like "The "fundamentals of our economy are strong" and if president he would fire SEC Chairman Republican Christoper Cox. McCain realized that the President can't fire Cox, so he amended his statement (again) and said he would ask for FEC (I think he meant SEC) Cox's resignation. McCain acts impulsively and attacks Obama, while Obama consults with prominent Economists, holds a press conference and takes questions and answers from the press. He decides to put the country first before his politics concerning McCain. That day was one time McCain should have agreed with Bush about not playing the blame game. McCain seems like he's a couple of steps behind. I like the way Obama took his time and evaluated what was going on with the economy. He even talked about the economy from a global perspective.
PS Rip Van Winkle woke up yesterday, held a press conference and finally met with people who might know something about the economy. I was wrong. I said that McCain seems like he's a couple of steps behind. The truth is he's more like a week behind.

Update yesterday: McCain is moving not suspending his campaign. He's going to Washington for photo op.

Today, McCain's late again!
THEY HAVE A PLAN!

McCain's plane didn't make it and he parachuted into to DC to late!

Posted by: MILLER123 | September 25, 2008 5:07 PM | Report abuse

As usual Obama's empty barrel internet thugs are making lots of noise and no sense!

You have to hand it to the Obama campaign. They get the emilas out to the thugs and order them to post. Like good little cult members they do as they are told!

As usual WaPo Media Chauvins for Obama slam McCain. It is their demented duty to do all they can to elect their second coming, their chosen ONE, Obama. First they slammed Hillary, then McCain, then Palin, and now McCain again.

Posted by: wj_phillips | September 25, 2008 5:07 PM | Report abuse

McCain ain't leading but two things right now: Jack and Sh.t, and Jack left town.

Posted by: ghuntcustom | September 25, 2008 5:06 PM | Report abuse

Ummm.. in 2005 when Fannie & Freddie were become too big, Republicans all voted to put regulations in place to avoid what's happening today, and every democrat voted against it, and there was no majority. So it never got to a vote to be enacted. The dems wanted 'affordable' housing for all, not giving a crap about reality and the consequences.

Fact.

Now the dems want to pose as if they're coming to the rescue.

There's a problem in Washington. And no one is innocent in this mess. But you can't get ANYTHING for free or next to free. Someone has to pay. Now, we're all going to pay.

Posted by: madcitizen | September 25, 2008 5:03 PM | Report abuse

I think this deal will be good for the tax payers since this mortgage crisis has essentially run its course for at least the last 3 years. Valuations now should be near to where it should have realistically been.

Posted by: gousaphe | September 25, 2008 5:03 PM | Report abuse

scrivener50 never in a hundred years would I have believed such tin foil hat theories about our government. It's ridiculous, far fetched, and doomed to fail.

You might be on to something with these chuckleheads in charge.

Posted by: theobserver4 | September 25, 2008 4:47 PM | Report abuse
******************

You guys ever read Executive Directive 51, issued last year by Bush? I, too, would have laughed at such propositions, but not now..... Here's the WH link to the Directive, btw: http://www.whitehouse.gov/news/releases/2007/05/20070509-12.html

This is the public portion. There are other secret portions that Rep. Peter DiFazio asked to see last summer and was denied.

Posted by: abqcleve | September 25, 2008 5:00 PM | Report abuse

What was John McCain's role in the bailouts? He didn't have one. As a side note, McCain really, really, really needs to think about his next political "strategy" (if you can call it that) before he implements and executes. He obviously doesn't understand that after eight years of Bush Americans are much more perceptive and attuned to the crap that he and politicians like him try to throw to the masses.

I don't know why McCain insists on running his campaign as if Americans have an intelligence deficiency disorder. It's quite sad and makes him look like nothing more than a political blow-hard with no true imagination.

But I do appreciate his ill-conceived plans. They do nothing but work in favor of my candidate! Thanks John!

OBAMA/BIDEN '08

Posted by: DinahS | September 25, 2008 4:57 PM | Report abuse

Attention all you folks who wrote or said anything about McCain that is not complimentary, beware, Joe Scarborough is going to get you.

You are going to hear him say how nasty and Unamerican you are,
how it is the Liberals and everybody else who does not condone McCain's crap fault.

This is the same hypocrite who use to laugh at Hillary for complaining and felt that if you ran for Office you were fair game. Now every morning he cries because somebody wrote about GOP Johnny.

See the problem is GOP Joe was only supporting Obama in the primaries because come Election Day he is counting on Whites not to vote him.

Hypocrasy at it's highest.

PS
Mica get MSNBC to give you your own show, your talent is being wasted in that crowd. You are way, way better than these clowns and much nicer to look at.

Posted by: 2MikeCharles | September 25, 2008 4:57 PM | Report abuse

McCain rushed in and insinuated himself into the bailout negotiations to try to get some brownie points, and appear to be serious and knowledgeable about this crisis - when economics is a topic he admittedly knows little about. Whatever his intention, he appears to be narcissitic and less interested in the best for our country than in promoting himself as a leader during tough times. I think his plan backfired.

My own take is that Obama got it right when he put forth a list of demands that needed to be included in the deal and kept in constant contact with the Committee and congressional leadership while not detracting and making a circus out of the hearings by playing presidential politics.

As we approach the end of the campaign season, McCain appears to be more and more a desperate, craven politician who will stop at nothing to win, no matter how it may interfere with the welfare of our nation.

And you know, let's face it, if he stood strongly against the bailout all together he would then, at least, appear to be sincere and representing the vast majority of Americans who truly do not think that printing up a trillion dollars and handing it over to the Paulson to dole out at his will to Wall Street honchos, is a wise policy.

Americans are not stupid or uninformed about this. This deal will not necessarily work and we all will be much much worse off if it ends up falling short of the mark than if we just let the chips fall where they may, winner take all, and feel some pain to bounce back another day again.

Posted by: maddymappo | September 25, 2008 4:56 PM | Report abuse

It doesn't matter how you try to frame this to Obama's advantage, it will be McCain's deal -- good or bad.

Posted by: info42 | September 25, 2008 4:55 PM | Report abuse

Check this out from fact/truth.com:

"McCain received over $400 trillion in secret donations from both Fannie May and Freddie Mac and had both of them over to his 28 homes on 97 different occassions."

How can the McCain-biased media continue to ignore these facts. Its clear that they are completely in McCain's pocket.

Posted by: GenericCommentID | September 25, 2008 4:55 PM | Report abuse

McCain had the same impact on this agreement as Obama: None.

Barney Frank is an infamous blowhard, panderer and procurer. Anything that he says about anything is suspect.

Posted by: AWWNats | September 25, 2008 4:52 PM | Report abuse

HAHAHAHAHAHHAHAHAH He had no roll????? That is HYSTERICAL!!!!!!!!! ROFL. As Bugs Bunny said . . . what a maroon. And now for something completely different, check out Palin on Katie Couric. Even republicans are aghast at how terrible she is. Even george Will said the other day that McCain should not be president.

Posted by: notbuyinganyofit | September 25, 2008 4:51 PM | Report abuse

Why isn't the media showing the pictures of McCain from two months ago next to those of today? His health is deteriorating before our eyes and the media isn't asking any questions.

Posted by: gjcomm | September 25, 2008 4:51 PM | Report abuse

Re:DrainYou

This is exactly why people should learn from the mistake of the past. And not electing Obama as they have done so with Bush in 2000.

Posted by: gousaphe | September 25, 2008 4:50 PM | Report abuse

This is pure McCain first, country second.

Posted by: felix_ | September 25, 2008 4:49 PM | Report abuse

STUNNING NEWS!!!!!!!!!!!!!
According to the website OpenSecrets.org, Senator Barack Obama is the 2nd HIGHEST recipient of campaign contributions from Fannie Mae and Freddie Mac!!
--------------------
Wow, that's stunning to know that THE EMPLOYEES of the two companies think much more highly of Obama than of McCain to run this country. Now, the CEO's and high ranking managers, that's another story.

Posted by: katie11 | September 25, 2008 4:49 PM | Report abuse

scrivener50 never in a hundred years would I have believed such tin foil hat theories about our government. It's ridiculous, far fetched, and doomed to fail.

You might be on to something with these chuckleheads in charge.

Posted by: theobserver4 | September 25, 2008 4:47 PM | Report abuse

I wouldn't get too crazy in banging up Senator McCain. I have no doubt that he and President Bush were hoping to belay the resolution of the matter until the meeting today so they could declare themselves the brokers.

However, I also don't doubt that Senator Dodd and Congressman Frank wanted to announce a deal in principle was in place early this afternoon largely so their party could take swipes at Senator McCain and declare him to be irrelevant.

There is going to continue to be lots and lots and political grandstanding on this stuff by both parties in the coming hours and days.

Posted by: scott032 | September 25, 2008 4:47 PM | Report abuse

indicated that McCain planned to take a campaign aide, former Congressional Budget Office director Doug Holtz-Eakin, with him to the White House meeting.
-------------------
Yep, McCain is such an economic wizard he has to take his economic adviser with him to explain what's going on.

Kind of like Palin bringing her notes into her interview with Katie Couric. God help us all if these two nitwits are allowed to run this country.

Posted by: katie11 | September 25, 2008 4:46 PM | Report abuse

There's no need to fear, McSame is here. What a phony, arrogant little weasel. What will he do next? Take credit for solving this "crisis" single-handedly? Only if he thinks Republicants will buy it.

Posted by: COLEBRACKETT | September 25, 2008 4:46 PM | Report abuse

What a cheap stunt. Shame on McChicken.

Posted by: VeloStrummer | September 25, 2008 4:45 PM | Report abuse

This is all a joke... Our country has been ran the last 8 years by a clown. For all of you that feel like Bush did a good job you need to wake up and realize this is 2008 not 1948. The Republicans will do whatever they can to try to steal their way into the white house. McCain is ready to lead this country to no where and have us all in a hole trying to get out. He has 7 houses so why should he care if you lose the 1 you have. Now he doesn't want the debate because he knows he can't stand toe to toe with Obama. Hey slavery is over, so get with the program. Its time for a Change Now or never.... OBAMA 2008....

Posted by: deckyc | September 25, 2008 4:45 PM | Report abuse

McCain Avoiding The Debate?


McCain has pulled this stunt before....


With his poll numbers tanking, John McCain wants to pull out of the presidential debate. No, I'm not talking about tomorrow's debate with Barack Obama:


"With new polls showing his campaign dead in the water among California Republicans, Arizona Sen. John McCain has pulled out of a long-scheduled debate with Texas Gov. George Bush, set for Thursday in Los Angeles."

"McCain campaign officials tried desperately yesterday to put the best face on their withdrawal, even as a new Field Poll showed Bush far ahead among likely Republican voters in the winner-take-all race for the state's 162 GOP delegates."

"The bait and switch on the debate left the Arizona senator -- whose favorite campaign line is "I'll always tell you the truth'' -- wide open to blistering criticism from his rivals."

"Clearly, this is more double-talk from the McCain campaign,'' said Alixe Mattingly, a spokeswoman for Bush. "Pulling out of this debate at the last minute is an indication that they're pulling out of California, where McCain's antagonistic message clearly isn't working.''

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2000/02/28/MN62687.DTL&hw=mccain+opinsky&sn=001&sc=1000
.


And clearly, McCain has a habit of trying to "cut and run" when things aren't going his way.

Posted by: DrainYou | September 25, 2008 4:44 PM | Report abuse

I think it's pretty clear what McCain's role has been with this deal.

Non existent.....I guess he had to come in and rile up the Republicans so he could then calm the waters. LOL

Posted by: theobserver4 | September 25, 2008 4:42 PM | Report abuse

A SILENT COUP?

The real question is who is working the strings on the McCain-Palin marionette.

McCain is not his own man these days. The one-eighty he displayed with his vice presidential selection tells the tale. Look at John McCain's eyes. They are very red and glassy. Something is not right.

The current financial "crisis" conjures up memories of the Reichstag fire, "Remember the Maine," the Gulf of Tonkin, and "weapons of mass destruction." This is a manufactured crisis, a manifestation of a long-term strategy aimed at imposing autocratic dominance upon the supposedly co-equal branches of federal government.

The "suspension" of the McCain-Palin campaign could be just the initial salvo in an assault upon the American political system. What's next? A manipulated market crash? Suspension of the presidential election? Imposition of martial law?

Don't laugh. The plans are in place; the executive orders have been signed. The FEMA camps are ready to receive the "dissenters."

Think it can't happen in America? Consider THIS:

TARGETING OF AMERICANS BY GOV'T AGENCIES
A ROOT CAUSE OF WALL STREET MELTDOWN?

Once again, Congress is being asked to rush through emergency legislation -- to cede effective control of the economy to the government.

Officials continue to blame lax lending policies on the part of the mortgage industry for spawning this crisis.

But were lenders ORDERED to offer "easy credit" to people "targeted" by government agencies?

Is government "targeting" of American citizens a root cause of the mortgage meltdown that spawned the broader financial crisis?

For more, see:

http://www.nowpublic.com/world/targeting-u-s-citizens-govt-agencies-root-cause-wall-street-financial-crisis OR
members.nowpublic.com/scrivener

Posted by: scrivener50 | September 25, 2008 4:42 PM | Report abuse

I discounted the "cancel Palin/Biden debate" theory, even though the new proposed schedule looked highly suspicious, until, during my lunch hour today, I heard preview of the forthcoming Couric interview.

My goodness.

I now am certain handlers at that interview earlier in the week recognized what a bobblehead she is and decided to cut their losses. You will see a much larger drop in the polls for McCain/Palin due to her performance than even due to the chickensh*t ducking of the debates.

Someone's also checked in with the Fat Man about this: I heard El Rushbloat actually come out and say, "Since the media's clearly against McCain, there's no reason why McCain should do a debate. He and Palin should just go directly to the American people." I.e., run ads and appear before friendly crowds.

Hard questions, as you'll hear Palin prove, are damning. Heck, in her case, easy questions are damning.

Posted by: abqcleve | September 25, 2008 4:41 PM | Report abuse

Let met get this straight. The "crisis" was so urgent McCain had to stop campaigning but he had time to go to lunch - in the lunchroom.

What happended to having lunch in your office at your desk during a "crisis"?

If this is the way he acts in a crisis...heaven help us if he is the leader of the country.

Posted by: rlj1 | September 25, 2008 4:40 PM | Report abuse

Who cares what John McCain does?
Hasn't he already clearly demonstrated that he is SO MUCH LIKE BUSH/CHENEY?
He has to politicize EVERYTHING.
Of course W and the others are more than happy to help him, because they are DESPERATE to keep control.
REMEMBER - ALL of their devious schemes were designed to keep themselves in power FOREVER.
ROVE'S plan was that they would be the PERPETUAL PARTY OF POWER.
Sorry, it didn't work out that way. Their stupidity, incompetence, and CRIMINAL ACTIVITY caught them out.
Now, just as McCain seeks to avoid the debate, it's becoming obvious that their intention is to AVOID THE ELECTION.
Don't put it past them....
Did you ever imagine that you would have witnessed the RADICAL EXTREME things they have done, particularly over the past four years?
BREATHTAKING....
So, Mr. McCain - STAY AWAY. You don't need to debate because (apparently) the plan is to somehow "postpone" the election, or, if all else fails, STEAL IT, or who knows?????
WHY ARE U.S. ARMY TROOPS BEING ASSIGNED TO CONTROL THE U.S. POPULATION?

WHY HAS THE POSSE COMITATUS LAW BEEN TRASHED?

Think I'm making that up? You'll be singing another tune when they start locking people up for nothing.....

Posted by: TOMHERE | September 25, 2008 4:40 PM | Report abuse

I'm almost starting to feel sorry for McCain...except I still fear, somehow, someway, even w/ all his mistakes he'll get elected. Give me a president who can act presidential...unbelievably, these past few days, he's making even Bush look better than McCain OR Pailin.

Posted by: sgoewey | September 25, 2008 4:39 PM | Report abuse

I think McCains role was making sure all the water glasses were filled, slapping a few backs and smiling pretty for the cameras.

Posted by: CHICO13 | September 25, 2008 4:38 PM | Report abuse

McCain could have participated in meetings with his Senate colleagues if he were able to use a computer with this confusing "internet" thing. Oh, I forgot, he doesn't use a computer because he sacrificed his fingers as a POW. It has nothing to do with being 72 years old.

Posted by: mrbookman_2000 | September 25, 2008 4:37 PM | Report abuse

McCain is needed in the trench with everybody else for this huge fight and that is what he is doing.
He was not in the line of fire therefore you can not say he was posturing.


Posted by: gousaphe | September 25, 2008 4:36 PM | Report abuse

"GOP aides familiar with the alternative proposal said it had been in a draft stage for several days, with one adviser saying the lawmakers wanted to unveil it yesterday but McCain's entree into the deliberations actually made them wait a day."

So are you saying that this could have been resolved (or at least presented) yesterday but for McCain's interference?

WTG McCain. Way to "help" the situation.

Posted by: LadyMac | September 25, 2008 4:34 PM | Report abuse

John McCain is very manipulative, mischievous little man. He will make much trouble as President.

Posted by: euroguy | September 25, 2008 4:33 PM | Report abuse

McCain acts a lot like he's bordering on Alzheimer's - making statements one day, denying them the next even though they've been captured on TV or Youtube.

He seems unable to either hear or comprehend what people around him are saying. Then he gets angry and does something totally off the wall, I can only guess in some egomaniacal attempt to show that he's a maverick in command.

To bad he's not in command of his faculties.

none3

"Sarah, can you ask Cindy if I've gone to the bathroom yet today?"

Posted by: none3 | September 25, 2008 4:28 PM | Report abuse

This is embarrassing theatrics on the part of McCain.

And all those Senators that have been busting their butts these past few days and nights to work out a plan, Dem and Repub, must really resent McCain's implication that HIS crotchety presence is key to making a deal.

It's very likely that the primary and ultimate goal of McCain's nonsense was to stall (indefinitely) the Palin and Biden debate. I really wouldn't put it past his campaign to go to such extremes in order to stop that potential train wreck.

Posted by: DogBitez | September 25, 2008 4:28 PM | Report abuse

Ordinary employees of companies donate money to campaigns just like any citizens would do, there is nothing illegal about it. Those donations are added up and reported as Donations from Fannie Mae employees.

Obama also has a lot of small donations from workers in Wal-Mart who want to unionize. Wal-Mart has more than a million low-wage employees, if he collects lot of money from them, you can't taint his reputation for it.

Posted by: asja | September 25, 2008 4:28 PM | Report abuse

Captain America didn't have a thing to do with this except maybe to pose for pictures, looking "proud."
Minority Leader Boehner did his very best to stall GOP members from agreement so he could hand McSame a little token victory by making him the hero.
McCain should skip the debate. Send Sarah palin in his place.

Posted by: jmf3210 | September 25, 2008 4:27 PM | Report abuse

TAH1: you can't count individual contributions. individuals who work for Exxon or Fannie, or anyone else, don't contribute for the benefit of their employer, and the candidates don't solicit individual employees of any company.

McCain got more from big oil and big finance if you coun't the companies PAC's, which is all that matters. If you trace his lobbyists, and figure out who on his campaign has been taking in the astronomical lobbying fees to buy access to McCain for Fannie and Freddie, you find McCain's staff

Posted by: JoeT1 | September 25, 2008 4:26 PM | Report abuse

"POSTURING".

THAT was McCain's role in the bailout negotiations.

It wasn't until President Bush bailed out McCain's BS "Campaign suspension/swap VP debate for a presidential debate so Palin stays hidden" ploy by inviting both Obama and McCain for a photo op that Obama went up there for a total waste of time.

Obama insists upon the taxpayer hearing from the candidates - Palin/McCain/Bush want to keep you IN THE DARK!

So McCain's role was to "POSTURE AND POSE".

Keep your eye out for McCain's new coming memoire: "How Not To Be President".

OBAMA IN 08!

Posted by: onestring | September 25, 2008 4:25 PM | Report abuse

What a cheap, transparent political stunt by McCain---charging into Washington on a white horse to try to gin up the false impression that he's solving the financial crisis, thereby injecting presidential politics where it's least welcome, in the negotiation of a delicate but urgently needed bipartisan compromise on a matter of critical national importance. And all the while, sanctimoniously claiming he's doing just the opposite. Vintage McCain. What a rash, pompous, arrogant knucklehead! How can anyone take this guy seriously? First the impulsive choice of an obviously unqualified Sarah Palin, then the rash and distinctly unhelpful saber-rattling bluster towards Russia, now this. The man's a loose cannon, lacking the temperament to be President.

Posted by: bradk1 | September 25, 2008 4:25 PM | Report abuse

This was just a political stunt. A photo-op for McCain's campaign. And guess what HE STILL SCREWED IT UP! Woo Hoo! Nothing makes me happier than to see his stupid little "plan" backfire in his face. This man helped deregulate the banking industry and in turn contributed to the financial crisis we are in right now. How dare he try to dupe us into thinking he wants to fix it...when he's the one who helped to break it. And Obama was right: the President has to be the ultimate multi-tasker so McCain's whole "i want to delay the debate to focus on the economy" line is totally and completely bogus.

Watching McCain fall on his face with this political BS just totally makes my day!

Posted by: BrandyHemlock | September 25, 2008 4:25 PM | Report abuse

TAH1, I see your cut and paste answers all over the WPO, like McCain you are simplistic and unimaginative. You believe that if you repeat a lie enough times it becomes the truth. Try putting some thought behind your postings!

Posted by: rcc_2000 | September 25, 2008 4:25 PM | Report abuse

The sole purpose of McCain's gambit was to rescue his campaign from the perception that a clear majority of Americans hold that he is out of touch with both the present crisis and their everyday economic concerns. He brought nothing to the table, was in no position to make an impact and didn't even make an effort to pretend to be rolling up his sleeves and getting to work. It has been a cynical display by a man who is apparently so consumed with the need to become President that his personal integrity is sacrificed on that alter every day.

Posted by: PeteEsq | September 25, 2008 4:23 PM | Report abuse

Facts have a liberal bias.

The fact that mcCain never read the proposal nor never participated in the negotiations are of little concern to the reich wing. They are 'gut voters' who love a story.

How else can any true American take them seriously. They enables, excused, and supported the historical bush failure and now want to open their beak and bleat an opinion??!! LOL

Time for you reich wing clowns who are miserable at governance to go to your rooms. Time for the Adults like Obama / Biden to clean up your mess.

Posted by: dan3 | September 25, 2008 4:21 PM | Report abuse

Reminds me of certain relatives who came blowing into the kitchen, offering to help once the last dish was put away. He didn't suspend campaigning, he tried to grab a few headlines.

Posted by: SarahBB | September 25, 2008 4:20 PM | Report abuse

McCain's campaign "suspension" is a LIE! Want proof?

MCCAIN CAMPAIGN STILL ACTIVE ACROSS COUNTRY
http://www.huffingtonpost.com/2008/09/25/mccain-campaign-still-act_n_129327.html

Couldn't you guys at the Post have made these calls, too?

Posted by: spenceradams | September 25, 2008 4:19 PM | Report abuse

McCain is a clown. One stupid move after another. Might win an election though. Apparently the American people don't really want smart people to lead the country. They prefer mediocrity. It's less intimidating I guess.

McCain's been around the Senate long enough to know that his and Obama's presence there will do more harm than good during these negotiations. Besides the presidential politics sideshow, neither one of them has a whole lot to do in this situation besides vote on the final bill. In addition, it's doubtful that locking the two Presidential candidates in a room with the lame duck President is going to achieve much in the way of a bi-partisan solution.

Makes for a good news cycle though. Has a major candidate ever skipped out on a debate before? I wonder what he'll do next!

Posted by: mrmau | September 25, 2008 4:18 PM | Report abuse

So, in the end, this turns out to be a phony political stunt, with John McCain putting his political future ahead of his country once again (remember the unqualified Sarah Palin stunt).

This is exactly the kind of loose cannon leadership that has harmed our country for the last eight years. But it did get his bad poll numbers and Rick Davis off the front pages - for a little while. Good move John!

Posted by: crawfam | September 25, 2008 4:18 PM | Report abuse

McCain, looks as though you were USELESS

Posted by: AB68 | September 25, 2008 4:17 PM | Report abuse

****************************************************************Presidential candidate Sen. John McCain has demonstrated what it means to be a leader and a patriot. Sen. Obama is neither.


******************************************

STUNNING NEWS!!!!!!!!!!!!!


According to the website OpenSecrets.org, Senator Barack Obama is the 2nd HIGHEST recipient of campaign contributions from Fannie Mae and Freddie Mac!! In the Senate ONLY 3 YEARS and ALREADY the 2nd HIGHEST recipient?? Stunning!! Sen. Christopher Dodd is 1st! Wow, the audacity of Dodd and Obama know NO bounds. NOTICE, Sen. John McCain is NOT on the list. I repeat, Sen. John McCain is NOT on the list. Sen. McCain has been in Congress the entire time the list was compiled and is NOT on the list. Well done, Sen. McCain. My Democratic Party should be ashamed. This Democrat will proudly support John McCain for President. McCain is a true leader and patriot. Obama is neither.

The following list of the top ten recipients from Open Secrets.org website. Stunning.

"All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008"

Name Office State Party Grand Total Total from
PACs Total from
Individuals
Dodd, Christopher J S CT D $165,400 $48,500 $116,900
Obama, Barack S IL D $126,349 $6,000 $120,349
Kerry, John S MA D $111,000R $103,300 $70,500 $32,800
Blunt, Roy H MO R $96,950 $78,500 $18,450
Kanjorski, Paul E H PA D $96,000 $57,500 $38,500
Bond, Christopher S 'Kit' S MO R $95,400 $64,000 $31,400
Shelby, Richard C S AL R $80,000 $23,000 $57,000
Reed, Jack ...


visit

RealDemocratsUSA.org


Taking back our party, one neighborhood at a time


Join us!!

Posted by: TAH1 | September 25, 2008 4:16 PM | Report abuse

Perhaps McCain showed up to serve the grownups coffee, and of course after that WENT TO LUNCH??? Oh well, guess he will have plenty of time in the senate after the election to ward of all the new Wall Street regulations while he tries to explain to his cronies how he lost their greedy fortunes.

Posted by: jsteinseifer | September 25, 2008 4:16 PM | Report abuse

McCain is an out of touch old man who needs to be put out to pasture as whatever he once was is now dead. What an embarrassment to his family legacy.

Posted by: mjwies11 | September 25, 2008 4:13 PM | Report abuse

Looks like both Obama and McCain are ready to do serious work if needed. That's a good message to send.

Posted by: MarkInAustin | September 25, 2008 4:11 PM | Report abuse

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