McCain Not Commenting on Stock Fluctuations
By Michael D. Shear
Sen. John McCain's campaign manager said he sees no reason why McCain or his staff should comment regularly on the declining stock market, saying that he doesn't know what they would say.
"It doesn't mean we don't care and aren't trying to do something about it, it's just I'm not exactly sure what you'd say everyday," said Rick Davis.
The comment came as McCain did not comment directly on the stock market decline for the second day in a row. At a morning rally, the Republican nominee called for suspending rules that require seniors to begin selling their stock in retirement accounts at 70-and-a-half years old.
Asked by reporters why McCain has not issued a statement on the stock market decline, as Sen. Barack Obama has, Davis said he saw no reason to.
"There's very little a candidate for president and, after watching today, very little a president can say, about what's happening in the stock market," Davis said, referring to President Bush's brief comments on the decline earlier today.
The market plunged almost 1,000 points early Friday morning, but then recovered somewhat during the next several hours. By 3:30, the market had recovered all of its losses and was up about 50 points.
"Honestly, I can't imagine a situation where on a daily basis a candidate would put out a statement about what the market is doing," Davis said. "John McCain talked yesterday at length about what he's trying to do to stem the crisis."
Obama issued the following statement just before 7 p.m. Thursday: "As millions of Americans lost more of their investments and hard-earned retirement savings today, it is critical that the Treasury Department move as quickly possible to implement the rescue plan that passed Congress so that we can ease this credit crisis that's preventing
businesses and consumers from getting loans and causing dangerous instability in our market. While we face a very serious challenge, now is not the time for fear or panic, but for all of us to come together with resolve and determination that we can steer ourselves
out of this crisis and restore confidence in the American economy."
Web Politics Editor
October 10, 2008; 3:37 PM ET
Categories: B_Blog , John McCain
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