This shows us all why the man deserves to be President:
MCCAIN SUSPENDS CAMPAIGN TO FOCUS ON ECONOMY; WANTS DEBATE DELAY
MCCAIN: America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees. If we do not act, ever corner of our country will be impacted. We cannot allow this to happen.
Last Friday, I laid out my proposal and I have since discussed my priorities and concerns with the bill the Administration has put forward. Senator Obama has expressed his priorities and concerns.This morning, I met with a group of economic advisers to talk about the proposal on the table and the steps that we should take going forward.I have also spoken with members of Congress to hear their perspective.
It has become clear that no consensus has developed to support the Administration’ proposal. I do not believe that the plan on the table will pass as it currently stands, and we are running out of time.
Tomorrow morning, I will suspend my campaign and return to Washington after speaking at the Clinton Global Initiative. I have spoken to Senator Obama and informed him of my decision and have asked him to join me.
I am calling on the President to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself. It is time for both parties to come together to solve this problem.
We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved.I am directing my campaign to work with the Obama campaign and the commission on presidential debates to delay Friday night’s debate until we have taken action to address this crisis.
I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to achieve this is temporarily set politics aside, and I am committed to doing so.
Following September 11th, our national leaders came together at a time of crisis. We must show that kind of patriotism now. Americans across our country lament the fact that partisan divisions in Washington have prevented us from addressing our national challenges. Now is our chance to come together to prove that Washington is once again capable of leading this country.
Some are asking if this is a good move. I believe its a move done out of love for his country, not personal ambition. He understands to get a grip on this problem he needs to be in Washington, not on the campaign trail. I’ve never been a McCain fan, but the man deserves respect….most especially now.
If Obama refuses to suspend his campaign it will just prove to us all the man only desires power, instead of the good of this country.
I’m betting he continues to campaign.
UPDATE
Via Ace of Spades HQ:
Coming in through the comments: Obama is claiming it was his idea to suspend campaigning, but also that he’s not suspending campaigning.
I guess he was for the idea before he was against it.
Why does this not surprise me?
UPDATE
And my bet was right on:
However a senior Obama campaign official said Obama “intends to debate. The debate is on.”…
While McCain says he has a job to do so he will suspend his campaign for power Obama says he has a campaign for power to run so my job cannot bother me.
UPDATE
McCain yanking ads:
Aiming to prove how serious he is about addressing the financial crisis, John McCain has instructed his staff to take all his campaign commercials off the air, a spokesman tells Politico.
“As John McCain said, now is the time to put partisanship aside and come together to do the work that the American people expect,” said Tucker Bounds.
McCain aides are now in the process of contacting TV station across the country to get their ads taken down, according to Bounds.
Classy move.
In a shrewd move, Senator McCain has just proposed delaying Friday’s first presidential debate–in order to convene a meeting with Obama, President Bush and other decision-makers from both parties to sort out the financial mess.
It makes McCain look engaged in solving the number one issue on the minds of Americans, right now. It gives him a bigger bully pulpit to fight the Christmas tree of legislation that is winding its way through Congress now (even student and car loans have been added to the bailout).
It minimizes the power of Rep. Barney Frank, who has rolled his Senate counterpart, Chris Dodd, and is leading the congressional effort. Rep. Frank is a key Obama ally.
It also presents a strategic problem for Obama. Until now, the Illinois freshman has been able to coast, saying he supports what Rep. Frank and other Democrats are doing. If Obama and McCain attend a White House summit, each will have to lay out detailed proposals for reform. Obama would have to lock himself in–and take criticism for his ties to Fannie and Freddie.
And if Obama refuses to attend the summit, he effectively announces that he is unready to lead in a crisis.
UPDATE
Obama to refuse cancellation of debate
UPDATE
Obambi’s statement from his campaign:
At 8:30 this morning, Senator Obama called Senator McCain to ask him if he would join in issuing a joint statement outlining their shared principles and conditions for the Treasury proposal and urging Congress and the White House to act in a bipartisan manner to pass such a proposal. At 2:30 this afternoon, Senator McCain returned Senator Obama’s call and agreed to join him in issuing such a statement. The two campaigns are currently working together on the details,” spokesman Bill Burton said.
Earlier in the day, Obama said McCain had been absent on the issue a year ago when the Illinois Democrat introduced Senate legislation to restrict executive compensation.
McCain is suddenly talking like “a hard-charging populist,” Obama said, even though Obama claims McCain’s policies favor the rich.
The McCain campaign responded that Obama incorrectly claimed that he “‘blew the whistle’ on Fannie Mae and Freddie Mac CEOs for their golden parachutes, when he actually hired one for a critical job in his campaign and reportedly had his campaign seeking policy advice from another.
“The truth is that while John McCain sounded the alarm on the need to reform Freddie and Fannie to protect American taxpayers, Barack Obama took record amounts of their money and refused to take action to reform and regulate them. If ‘lying’ is saying you did one thing when you actually did the opposite, then Barack Obama just lied,” said McCain spokesman Tucker Bounds
UPDATE
US News and World Report writes about just one of the reasons suspending his campaign is important for the country:
Media reports indicate congressional Democrats and Republicans alike are anxiously looking to Sen. John McCain for cues on his stance on the financial bailout package. Stories suggest the GOP nominee’s stance on the legislation could prove decisive to its passage. ABC World News, for example, reported McCain “may hold the fate of the $700 billion bailout proposal in his hands. Even with Vice President Dick Cheney lobbying hard for the bill today, top congressional Republicans say if McCain does not support the bill, it will likely die”
UPDATE
From Aye in the comments:
“We need the Republican nominee for president to let us know where he stands on what we should do,” Reid told reporters.
“We all understand the seriousness of the financial crisis,” Reid added. “We also understand that it’s the Republican philosophy that has been adhered to totally by Sen. McCain that has gotten us to this Republican crisis that we now find ourselves. We have a Republican proposal they’ve given us. And we now need some Republican votes to help us with this.”
“[I]t would not be helpful at this time to have them come back during these negotiations and risk injecting presidential politics into this process or distract important talks about the future of our nation’s economy. If that changes, we will call upon them. We need leadership; not a campaign photo op.”
I guess Harry was for it before he was against it.
UPDATE
From an emailer:
Obama made a stunning gaffe in his press conference this afternoon, responding to McCain suspending his campaign and the economic crisis. Obama said,
“If they [Congress] need me, call me.”
Wow! There could be no further contrast in leadership between these two men. McCain rolls up his sleeves and says “let’s get something done.” And Obama says “call me if you need me.”
When given an opportunity to serve his nation in a time of severe crisis, Barrack Obama decided that his own personal gain was more important.
Stunning!
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