McCain and Obama Issue Their Joint Statement on the Financial Bailout

And it says … well, not much.: “The American people are facing a moment of economic crisis. No matter how this began, we all have a responsibility to work through it and restore confidence in our economy. The jobs, savings, and prosperity of the American people are at stake. “Now is a time to come [...]

Massively Offensive Quote of the Day

CNN’s Martina Stewart reports this from Florida Congressman Alcee Hastings, speaking to an audience of Jewish Democrats: “If Sarah Palin isn’t enough of a reason for you to get over whatever your problem is with Barack Obama, then you damn well had better pay attention,” Rep. Alcee Hastings of Florida said at a panel about [...]

Why the GOP Needed McCain Back

This morning you would’ve been hard pressed to find a Republican member of Congress supporting the bail out despite five days of heavy pressure from the likes of Dick Cheney, Henry Paulson, Jim Nussle and Josh Bolten. The caucus was in a virtual revolt over being forced to vote for a bill that pretty much [...]

Taking Low Information Voting to New Extremes

From TIME’s Amy Sullivan: McCain’s let’s-postpone-the-debate idea may not be a real possibility now that Obama has indicated he won’t play ball. But here’s a factor to consider with the proposal itself: by the time the next scheduled (or, as McCain would have it, “first”) presidential debate takes place, 16 states will already be voting. [...]

They Could Go All In

So John McCain comes out and says that he wants to “suspend” his campaign and put off the debate to deal with the economic crisis. This feeds his central campaign message–Country First–by making the case that McCain can rise above politics. Early signs are that Obama is going to take this head on–he wants the [...]

In the Arena

Gimmicks ‘R’ Us

McCain suspends his campaign because of financial crisis? Oh please. Given today’s poll numbers–even Fox has him dropping–it seems another Hail Mary (like the feckless selection of Palin) to try make McCain seem a statesman, which is difficult given the puerile tenor of his campaign’s message operation. Perhaps, if he’s really interested in this financial [...]

And From the Obama Campaign

This statement from spokesman Bill Burton: 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. [...]

McCain Statement on Debate Delay

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, [...]

McCain to DC

Breaking news from Reuters: McCain says he will suspend campaign to return to Washingon Thursday to help with bailout negotiations, asks that Friday debate with Obama be postponed so bailout negotiations can continue.

Bail Out Odds and Ends

Some odds and ends floating around the Hill today. First, read along as our brave colleague Barbara Kiviat liveblogs Paulson and Bernanke’s hearing with the House Banking Committee today. Second, the House GOP is seriously balking at the bail out and without them it’s going to be very tough getting anything through. As Tom Cole, [...]