McCain Suspends Campaign to focus on Crisis

[BigRob]

I am surprised no one has put this up yet....

NEW YORK (CNN) -- Republican presidential candidate Sen. John McCain announced Wednesday that he is suspending his campaign to return to Washington and focus on the "historic" crisis facing the U.S. economy. (http://www.cnn.com/2008/POLITICS/09/24/campaign.wrap/index.html)

[Popeye]

I am surprised no one has put this up yet....

Probably because it's an obvious political ploy. His poll numbers are dropping, the financial crisis is killing him, he has to try something.

[BigRob]

Probably because it's an obvious political ploy. His poll numbers are dropping, the financial crisis is killing him, he has to try something.

I think politics perhaps played a role in it, he is losing on the economy. I am not convinced that this was a political move entirely. McCain has showed well in "debates" so far and forums with Obama. He would gain more ground by having a good debate than going back to work on the financial crisis.

[top gun]

I am surprised no one has put this up yet....

What would we talk about? McCain sees the polls... he sees he's back down up to 10 points nationally again and down 2 to 6 points in Florida, Wisconsin, Colorado, Ohio & Michigan.

He knows it's getting all kinds of press that he has been Mr. DEREGULATION his whole entire political careerer and Phil Graham his CHIEF ECONOMIC ADVISOR was MR. ENRON LOOPHOLE & the architect of the legislation that did away with the Glass-Steagall Act that regulated the banking industry... and McCain was right there in on it.

McCain wasn't ready for a real debate anyway and so he's trying another hail Mary like picking the totally unqualified Palin just because she had a vagina.

The polls taken after the meltdown show the American people want those debates and on time. McCain's attempt to look concerned was blown out by people constantly hearing about his deregulation record... so he just comes off as sort of cowardly trying to duck out of the head to head debates.

NYTimes
Wednesday, September 24, 2008

New Polls: Americans Weigh In on Economic Crises
By Megan Thee

As Congress continues to debate an estimated $700 billion dollar plan to bail out the nation’s financial institutions, Americans are increasingly concerned about their own personal financial situations, believe that Senator Barack Obama will handle the economy better than Senator John McCain, and are divided over solutions to the current crises, according to several recent polls.

Polls conducted Friday through Monday by the Pew Research Center, The Los Angeles Times/Bloomberg News and ABC News/Washington Post took stock of Americans’ thinking on the state of the economy and of the presidential campaigns’ reactions to it.

In the wake of instability on Wall Street, the polls agree that Americans overwhelmingly view the economy in a negative light. The L.A. Times/Bloomberg Poll found that 81 percent of Americans rated the economy as doing fairly or very badly, similar to the 91 percent of voters in the ABC News/Washington Post Poll who described the state of the economy as not so good or poor.

The Pew poll showed a heightened sense of awareness about the economy among Americans with strong majorities saying they were closely following both the economy in general and the recent turmoil among major financial institutions. In that survey, 56 of those polled said they were closely following reports about the condition of the national economy, up from 44 percent just 3 weeks ago. Nearly half of all Americans are very closely following the current situation on Wall Street and 28 percent say they are watching it fairly closely.

Half of all Americans in the L.A. Times/Bloomberg survey said they feel less financially secure than they did 6 months ago.

The polls all found that Mr. Obama would do a better job of handling both the economy and the current economic crisis. The Pew survey found a 47-35 advantage for Mr. Obama among voters as the candidate better able to address the problems of investment banks and companies with ties to the housing market. Similarly, in the L.A. Times/Bloomberg poll, Mr. Obama led Mr. McCain 48-35 among voters who said he would do a better job of handling the financial crisis next year. Likewise, the ABC News/Washington Post poll found a 13-point margin among voters for Mr. Obama as the candidate whom they trust more to fix the problems with major financial institutions.

[BigRob]

[COLOR="Navy"]What would we talk about? McCain sees the polls... he sees he's back down up to 10 points nationally again and down 2 to 6 points in Florida, Wisconsin, Colorado, Ohio & Michigan.

He knows it's getting all kinds of press that he has been Mr. DEREGULATION his whole entire political careerer and Phil Graham his CHIEF ECONOMIC ADVISOR was MR. ENRON LOOPHOLE & the architect of the legislation that did away with the Glass-Steagall Act that regulated the banking industry... and McCain was right there in on it.

Banks were still heavily regulated before all of this occurred. And wasn't it mostly democrats that regulated banks to give loans to people who had no business getting one? It would appear this "regulation" is a double-edged sword.


McCain wasn't ready for a real debate anyway and so he's trying another hail Mary like picking the totally unqualified Palin just because she had a vagina.

This is entirely speculative... and no more logical than you nominated Obama because he has black skin...


The polls taken after the meltdown show the American people want those debates and on time. McCain's attempt to look concerned was blown out by people constantly hearing about his deregulation record... so he just comes off as sort of cowardly trying to duck out of the head to head debates.

You realize that no poll you posted had anything to do with "American people wanting the debate." The polls mostly say Americans are concerned about this crisis, so does it not make sense to suspend the campaign and go do his actual job?

[calidem411]

that's a man with cojones!

[top gun]

BigRob;62964]Banks were still heavily regulated before all of this occurred. And wasn't it mostly democrats that regulated banks to give loans to people who had no business getting one? It would appear this "regulation" is a double-edged sword.

No the Republicans when they controlled Congress pushed like hell to remove as much regulation of the banking industry as they could possibly get away with. John McCain himself was MR. DEREGULATION... until just a couple days ago. But surprise surprise with the pending collapse of the financial markets now he's become MR. SUPER REGULATION!:D

Just like after 26 years in the Senate and voting with George Bush 95% of the time he's MR. SUPER CHANGE... LoL!

The guy's not even just a Flip Flopper. A Flip Flopper at least admits he once was the mirror opposite. JOHN MCCAIN IS A CAMELEAN... he matches whatever is popular this second in time that might possibly get him elected.:D

And no... Democrats promoted home ownership at lower income levels because it helps create better communities but there were income to mortgage guidelines. The problem was the banks could do whatever they wanted anyway.

This is entirely speculative... and no more logical than you nominated Obama because he has black skin...

If I'm not mistaken Senator Obama fought for 19 months and won a primary. Caribou Barbie was pulled out of a hat and ever since then has spent all her time ducking press conferences and random questioning where she might have to answer a real question.


You realize that no poll you posted had anything to do with "American people wanting the debate." The polls mostly say Americans are concerned about this crisis, so does it not make sense to suspend the campaign and go do his actual job?

Makes perfect sense if that's what the poll said... and it did or I wouldn't have said it. I have no problem finding it and posting it... here...

Agree or Disagree: Friday's presidential debate should be postponed so the candidates can focus on the economy

15%Strongly Agree 22,951 votes

4.1%Agree 6,272 votes

1.2%Neutral 1,829 votes

9.3%Disagree 14,230 votes

70.4%Strongly Disagree 107,679 votes

[pocketfullofshells]

I think politics perhaps played a role in it, he is losing on the economy. I am not convinced that this was a political move entirely. McCain has showed well in "debates" so far and forums with Obama. He would gain more ground by having a good debate than going back to work on the financial crisis.

not right now with him being weak on the economy , with his statements about it being sound ( then a week later look where we are) and his statements before about not being good with the economics or something like that, even if the debate is not about the economy right now, he would get beat up bad with some of that now.

[NO Obamanation]

They are both being paid by us to work this stuff out in the senate and neither of them are there doing it. I am glad he is going back, I wish Obama would too.

This is a pretty important deal and if neither of them are there to work it out. If they are not needed there to work it out then they should give up the job and the moneys that come with it.

To say he didnt want to debatye is stupid. The debate is on national security, and that is Obama's weakness not McCains. It would be a great time to get poltical points for McCain but I think its more important to be in washington making sure the tax payers are not hosed in this deal.

They say the deal must be worked out by the weekend, why cant the debate happen next week, why cant they just go do the job they are here to do.

and worry about this election stuff after this deal is made.

[Libsmasher]

Probably because it's an obvious political ploy. His poll numbers are dropping, the financial crisis is killing him, he has to try something.

False - Gallup up to today. Are you capable of ANYTHING but lying??

http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/smramahi8uidh7evn5ftpa.gif

[Shotgun314159]

that's a man with cojones!

AHAHAHAHAHHA
AHAH
AH
YOU HAVE TO BE KIDDING

juan has made a fool of himself
it is sad.

[Shotgun314159]

They are both being paid by us to work this stuff out in the senate and neither of them are there doing it. I am glad he is going back, I wish Obama would too.

This is a pretty important deal and if neither of them are there to work it out. If they are not needed there to work it out then they should give up the job and the moneys that come with it.

To say he didnt want to debatye is stupid. The debate is on national security, and that is Obama's weakness not McCains. It would be a great time to get poltical points for McCain but I think its more important to be in washington making sure the tax payers are not hosed in this deal.

They say the deal must be worked out by the weekend, why cant the debate happen next week, why cant they just go do the job they are here to do.

and worry about this election stuff after this deal is made.

this year

the senate has voted 612 times
juan has missed 400 of thoes votes
i am so glad he is going back
to cast one fuking vote...

AHAHAHAHAH
AHAHAHAH
AHAH

shiet, this is too easy

[Libsmasher]

The republicans being responsible, once again is moronic drool from TopGrin. The relevent facts:

- FDR created Fanny Mae, and the democrat congress of 1970 created Freddie Mac.

- These two agencies were responsible for the majority of mortgages in the US.

- The Jimmy Carter era democrat congress created the Community Reinvestment Act, forcing banks to loan to millions of unqualified minorities, and also illegal aliens.

- Bill Clinton and the democrat congress made that law even more irrational in the 1990s.

- The president has little control over the economy - that part not controlled by independent regulatory agencies, such as the Fed, is subject only to laws passed by congress, which has been controlled for the last two years by the democrats.

- TopGrin factless babble notwithstanding, the mortgage crisis lies strictly with the democrats.

[NO Obamanation]

AHAHAHAHAHHA
AHAH
AH
YOU HAVE TO BE KIDDING

juan has made a fool of himself
it is sad.

And how many has Obama missed? He was there what 193 days before he started running for president.... how many days has he missed?

I bet you dont care :)

[top gun]

They are both being paid by us to work this stuff out in the senate and neither of them are there doing it. I am glad he is going back, I wish Obama would too.

This is a pretty important deal and if neither of them are there to work it out. If they are not needed there to work it out then they should give up the job and the moneys that come with it.

To say he didnt want to debatye is stupid. The debate is on national security, and that is Obama's weakness not McCains. It would be a great time to get poltical points for McCain but I think its more important to be in washington making sure the tax payers are not hosed in this deal.

They say the deal must be worked out by the weekend, why cant the debate happen next week, why cant they just go do the job they are here to do.

and worry about this election stuff after this deal is made.

OH NO! John McCain is ABSOLUTELY TERRIFIED to debate. My God you've watched him. He's ducked more talking about the issues than any President EVER!

And they're so afraid to let Palin speak they keep her in a talking points box not allowed or able to answer real questions. Look how she didn't know what the heck the Bush doctrine was with Gibson... And Katie Couric had to ask the same questions over & over & over and still couldn't get an answer. You could almost see he shaking her head like... WHAT AN IDIOT, DO YOU KNOW NOTHING!

But on the other hand John McSame really has to hide from debates right now.

With the economy tanking and his "I vote with the President 95% of the time" buddy George Bush at a 19% overall 17% on the economy approval rating...

being already part of the Keating 5 Savings & Loan scandal...

having Phil Graham as his TOP economic advisor who was the architect of the ENRON LOOPHOLE & the legislation that did away with banking regulations...

being the self proclaim MR. DEREGULATION (A true Maverick... yes he's a motherless calf on that one alright, LoL!)

and just a few days ago saying I BELIEVE THE FUNDAMENTALS OF OUR ECONOMY ARE STRONG, right before the biggest financial crisis since THE GREAT DEPRESSION???????????

I agree with John here... I'd hide under any table or rock I could possibly find.

And God knows Palin can't run the campaign even if McCain just goes to the store for a can of pop.

That whole ticket is just totally & utterly worthless.

[NO Obamanation]

OH NO! John McCain is ABSOLUTELY TERRIFIED to debate. My God you've watched him. He's ducked more talking about the issues than any President EVER!

And they're so afraid to let Palin speak they keep her in a talking points box not allowed or able to answer real questions. Look how she didn't know what the heck the Bush doctrine was with Gibson... And Katie Couric had to ask the same questions over & over & over and still couldn't get an answer. You could almost see he shaking her head like... WHAT AN IDIOT, DO YOU KNOW NOTHING!

But on the other hand John McSame really has to hide from debates right now.

With the economy tanking and his "I vote with the President 95% of the time" buddy George Bush at a 19% overall 17% on the economy approval rating...

being already part of the Keating 5 Savings & Loan scandal...

having Phil Graham as his TOP economic advisor who was the architect of the ENRON LOOPHOLE & the legislation that did away with banking regulations...

being the self proclaim MR. DEREGULATION (A true Maverick... yes he's a motherless calf on that one alright, LoL!)

and just a few days ago saying I BELIEVE THE FUNDAMENTALS OF OUR ECONOMY ARE STRONG, right before the biggest financial crisis since THE GREAT DEPRESSION???????????

I agree with John here... I'd hide under any table or rock I could possibly find.

And God knows Palin can't run the campaign even if McCain just goes to the store for a can of pop.

That whole ticket is just totally & utterly worthless.

I am sorry but that is just flat stupid. I could see the point if the debate was about the economy and we are having this crisis. But the debate is on FP and Obama has no experience there except for he lived in Indonesia when he was 6-10 and went to Pakistan in college. Oh yes and he went to get worshiped earlier this year. The only foreign leaders he has met was on his world worship tour. So your theory here does not hold water, but if it makes you feel better to think this then go ahead.

[Dr.Who]

Probably because it's an obvious political ploy. His poll numbers are dropping, the financial crisis is killing him, he has to try something.

O said that there was no need to worry about this. Then later he dropped everything and flew off to Washington too. This is just another example of bad judgement on Obama's part (like all of his radical relationships - terrorists, racists, and a spiteful wife). When the phone rings at 3 am he will just roll over and let the answering machine get it.

[Sihouette]

McCain's GOP manuever is a purely political one aimed at regaining his position in the polls.

It's a clever trick.

Inviting unwary dems to the Whitehouse under the false guise of "needing to meet together (on GWB's turf-make a note)" will lure them to political death.

The GOP is attempting to appear allied with dems when the entire voting public (statistically) believes the GOP is to blame and should be held to the fire by dems. They're trying to rub dookie on the dems by association, who would otherwise look like the knights in shining armor. Don't let them soil your armor dems..

Dems going along with this will diffuse critical momentum in the polls pro-Obama and anti-McCain.

McCain cancelled at the 11th hour for Friday's debate. If dems had one iota of political shrewdness left, they would do the same saying what is good for the goose is good for the gander. They should stay clear the hell away from GWB and the Whitehouse altogether. They will be un-lameducking GWB by seeming to turn to him in a crises. They leave McCain standing there like a fool, himself instead firmly allied with GWB (who voters hate) and then McCain also misses the debate on Friday (looking like a chicken ****e).

If the dems play this one correctly, risking a tiny bit of disdain from an insignificant fraction of the viewing public but the cheers from the vast majority, they stand to win HUGE political paydirt in the form of essentially disqualifying McCain from the race by his own hasty blunders, and associating himself unwisely with GWB (remember? A publicly hated figure seen as to blame for the mess we're in?) Don't let the title "President" fool you. He is nothing of the sort and turning him down will not be seen as anti-american. Quite the contrary actually.

Stand firm dems! Just say "no" to GWB's final attempt at sabatoge.

It's also to further the attempt of the GOP to panic the people and make them think something really scary is going on.

I swear to God if the dems go to that meeting, I'm changing my allegiance to the GOP, just because they're smarter by far.

[Dawkinsrocks]

What does McCain know about banking?

I thought he was in oven chips

[Dawkinsrocks]

Maybe he can keep a cool head when the chips are down.

Instead of the dick head he keeps the rest of the time

[Dawkinsrocks]

I reckon he's had his chips

[Dawkinsrocks]

Maybe lost all his chips in the same casino that the bankers were playing in so he would know a thing or two about that.

[Sihouette]

While the GOP is anxious to get us all myopic and narrowly focusing on the little picture; if we back away and look at the big picture, we will see something they don't want us to...

The fact that the whole entire world is watching what we decide to do and is gauging their actions accordingly.

If our enemies perceive weakness...in other words, if they see that we do not strengthen our infrastructure by assisting mortgagees first, then that trickles up to strengthen the top...they will plan accordingly...

And true, much of this crises will come from a crises of confidence from foreign investors. What are they looking for to boost their confidence? Strength.. strength in our economy FROM THE FOUNDATION UP. American politicians may be playing dumb effectively, as if they don't know what kind of harm this gravy-bailout will do, but foreign investors passed basic mathematics in their better socialized schools...they will tell you that if the USA doesn't strengthen their infrastructure from the ground up, the USA is going to be up dookie creek without a paddle...instead of the other way around.

The French revolution matches our situation exactly. King Louis the whatever plunged his country into recession from excessive and unecessary foreign war campaigns. When the country, predictably, fell into financial crises, he convened a panic assembly of representatives to placate the masses. They promised bailouts for their Mainstreet at the time, but factually delivered only nice packages for the rich folk at the expense of the poor. The country then crumbled from the foundation up. Riots and looting, in other words anarchy, became the new rule of law. And in the end...well...

"Heads will roll" is not just a saying...

The world will see if the GOP sticks the final gaff in the dying body. If they do, they will descend like vultures. If they shore up Mainstreet at the expense of Wallstreet, it will show foresight, strength and intellect. Our standing in the world will rise and investors, instead of soldiers, will descend on our markets again to either bolster us back up to our former glory or defeat us in the final chapter of the history of the United States of America.

[Dr.Who]

What does McCain know about banking?

I thought he was in oven chips

This banking crisis has been in the making for a long long time. McCain said that the overregulation of the banking industry would lead to just such a situation as this. So the answer to your question is that he knew enough to predict this.


The clinton admin and democratic congressmen before that even created the requirement that banks lend to people who were bad credit risks or face hefty government fines - so they did lend to poor credit risks.

Then the Bush admin comes along and they reduce just a little of the overregulation. It makes the banking industry stronger but unfortunately it still runs into serious problems.

And the best part is that since he (McCain) was right the mainstream media is going to take a more recent quote of his and spin it to mean the exact opposite.

Recently he said:

"Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."

It is just too bad that they did not remove the requirement to lend to people with poor credit. It is too bad that the banks still are having problems. McCain was right. We did need to open up the banking industry even more. It is just a shame we did not listen to him back then when we still had time.

[top gun]

McSame was just being a big coward not wanting to debate. What he really wanted was to move this Friday's debate to take the place of the VP debate because Caribou Barbie is even more clueless!

PLEASE EVERYBODY WATCH HER WITH KATIE COURIC TONIGHT AND YOU'LL SEE FOR YOURSELVES HOW EMPTY SHE IS. Couric was just shaking her head in disbelief that anyone running for VP could know nothing about her running mates record and just keep babbling ridiculous meaningless rhetoric.

It is must see TV if you have any doubts how failed she really is.

And it looks like the Democrats got their oversight, no golden parachutes for executives, a taxpayer's stake and safeguards for the taxpayers they wanted and not just the blank check with ZERO oversight or review the Republican administration originally tried to slip through. OH! and they're starting off at $250 Billion instead of $700 Billion to see how much this really does help.

Democratic Committee Leaders Chris Dodd and Barney Frank could not have been more impressive in their handling of this.

McCain's erratic grandstanding did him no good... as expected things were worked out just fine without him. Senator Obama will get to have a nice Nationally televised Town Hall Meeting if old John can't sack up and debate. LOVE IT!:D

POLLS:

RCP Average 09/18 - 09/24 -- 47.8 44.6 >>>>>>>>> Obama +3.2

Gallup Tracking 09/22 - 09/24 2731 RV 46 46 >>>>>>> Tie

Rasmussen Tracking 09/22 - 09/24 3000 LV 49 46 >>> Obama +3

Hotline/FD Tracking 09/22 - 09/24 912 RV 47 43 >>>> Obama +4

Battleground Tracking 09/18 - 09/24 1000 LV 47 48 >> McCain +1

FOX News 09/22 - 09/23 900 RV 45 39 >>>>>>>>>>> Obama +6

NBC News/Wall St. Jrnl 09/19 - 09/22 1085 RV 48 46 > Obama +2

ABC News/Wash Post 09/19 - 09/22 780 LV 52 43 >>> Obama +9

LA Times/Bloomberg 09/19 - 09/22 838 LV 49 45 >>>> Obama +4

Ipsos-McClatchy 09/18 - 09/22 923 RV 44 43 >>>>>> Obama +1

CNN/Opinion Research 09/19 - 09/21 697 LV 51 47 Obama +4

[bododie]

McCain wasn't ready for a real debate anyway and so he's trying another hail Mary like picking the totally unqualified Palin just because she had a vagina.

And the reason Obama was chosen was because of WHAT? Do you think that if he had been white he would have been chosen? Give me a break.

Both sides play politics with the ignorance of the people. Don't blame the candidates because Americans are so insipid as to vote for a sex or a race. If you think that isn't the case, you're nuts.