Breaking: McCain suspends campaign to deal with economy, calls for debate to be postponed; Update: Obama wants debate to go on; Update: Don’t come back, Reid tells McCain
posted at 3:04 pm on September 24, 2008 by Allahpundit
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John McCain asked the Presidential Debate Commission on Wednesday to postpone Friday’s scheduled debate with Barack Obama so that he can work on the financial crisis bailout plan now on Capitol Hill.
The Arizona Republican senator said he will suspend his presidential campaign on Thursday to return to Washington to help with bailout negotiations. He urged Obama to do the same.
He’s trying to siphon off some of Obama’s strength with voters on the economy, obviously, but er … at the expense of a debate on foreign policy that would have played to his own strength? What does McCain gain by steering the campaign towards an issue for which the public blames his party?
Update: Is there any way The One can say, “No, let’s debate”?
Update: Slublog suggests this is Maverick’s way of dragging Obama and Biden back to D.C. while keeping Palin out on the trail. Eh. Given the media’s disposition towards her, how do you think they’ll cover her stumping for votes amid this dire national crisis?
Update: I guess McCain figures he’s at enough of a disadvantage on the economy that if he doesn’t do something bold to cut into Obama’s lead, he’ll disintegrate by election day. Meanwhile, Barry O says … the debate is still on:
“I have spoken to Senator Obama and informed him of my decision and have asked him to join me,” McCain planned to say in New York City, according to advance excerpts released by his campaign. “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.”
However a senior Obama campaign official said Obama “intends to debate. The debate is on.”…
Obama is willing to return to Washington “if it would be helpful.” But Obama intends to debate on Friday, an official said.
Update: The Weekly World News blows the lid off the secret reason for McCain’s ploy.
Update: Team Maverick’s in the process of yanking its ads as we speak. I think this is actually an opportunity for Obama to show some stones. Call what McCain’s doing a stunt and reiterate the need to debate on grounds that both sides can spare a few hours for a moment of national import in which the public is extremely interested. It could backfire, or it could destroy the political benefit McCain’s getting out of this.
Update: Ole Miss says it’s been told by the debate commission that for the moment it’s full speed ahead.
Update: Ah, the search for a victim ends with Ole Miss claiming it’ll be “devastated” if McCain pulls out now:
Andrew Mullins, special assistant to university Chancellor Robert Khayat, told ABC News that the Ole Miss campus has been transformed to accommodate the candidates and the press. Road blocks are in place on campus and in the community and the debate set for the candidates has already been constructed. He said the university has spent roughly $5.5 million getting ready for the debate…
“It’s huge. You cannot just say that you’re not going to do this thing,” Mullins said. “I don’t have any idea whether we do the debate” at a later date. (We) probably wouldn’t do it.”
People are e-mailing to say that McCain should send Palin in his place. Yeah, I’ve got a funny feeling that’s not in the offing, although it’d be clever if Obama proposed it.
Update: A source inside the Obama camp tells NBC The One will reject the idea of cancelling the debate and argue that presidents should be able to multitask. Er, what if McCain simply doesn’t show, then? Meanwhile, Obama mega-shill Joe Klein offers a clever way to call Maverick’s bluff: Simply move the debate to D.C. so that the two candidates can be in town to work on the bill and change the topic from foreign policy to the economy.
Update: As expected, he just said at his presser that he thinks it’s important for Americans to hear from the candidates right now given that one of them will have to deal with this mess in January, etc etc, so the debate is presumably still on as far as he’s concerned. Your move, Maverick.
Update: Reid told McCain on the phone his presence is neither wanted nor needed.
“This is a critical time for our country,” says the Reid statement. “While I appreciate that both candidates have signaled their willingness to help, Congress and the Administration have a process in place to reach a solution to this unprecedented financial crisis. I understand that the candidates are putting together a joint statement at Senator Obama’s suggestion. But it 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. If there were ever a time for both candidates to hold a debate before the American people about this serious challenge, it is now.”
A source close to Reid said McCain didn’t have much to say after that.
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It’s not a moral hazard to take steps to shore up the state of the markets so that people who aren’t forced sellers stay put. What MM and the other’s don’t get is innocent people, the ones who worked all their lives and saved 10% into their 401K are going to be destroyed if the Dems succeed in killing or weakening the deal. It’s playing right into their hands. Who said the markets were a risky proposition when Bush was pushing for self directed social security? I can’t believe supposed republicans are turning their backs on the markets. This is no longer about selling houses to wetbacks. It’s now about insurance companies failing and money market bank runs and all sorts of calamitous stuff. Not crisis, calamitous.
pc on September 24, 2008 at 7:15 PM
Monkei and the rest of you liberal bloggers who came here. I hope you enjoy the freedom conservative sites have. I’ve gone to CNN, MSNBC, Daily Kos, DU et al over the last couple days and after a couple hours in moderation my comment either don’t show up of they get deleted. Amazing idea of freedom of speech and basic fairness you guys have. I suppose you guys are real giggy with the Fairness Doctraine after you control the whole show.
hawkdriver on September 24, 2008 at 7:15 PM
Would it be great if mcCain pulls out and Palin becomes the nominee!
unseen on September 24, 2008 at 7:15 PM
Don’t feed the farking trolls.
ManlyRash on September 24, 2008 at 7:15 PM
I want to thank you for all you have contributed here. Not only in the last few days, but for months, when it comes to economic issues. You are one of the smartest people here and I appreciate your generosity with your insights, explanations, and warnings.
RushBaby on September 24, 2008 at 7:15 PM
Nancy P? Is that you???
If so, may I say, Palimino?
Romeo13 on September 24, 2008 at 7:16 PM
No such luck…just a troll.
ManlyRash on September 24, 2008 at 7:17 PM
That’s why it’s not the time for Senator McCain to hold a debate, but rather to return to Washington to handle this problem which even Senator Reid stated yesterday was serious enough to warrant Senator McCain’s presence.
As for Senator Obama, Senator Reid didn’t ask for you by name, so you can go debate (or whatever other kind of bate there is) yourself.
unclesmrgol on September 24, 2008 at 7:17 PM
tsk tsk tsk
Monkei on September 24, 2008 at 7:17 PM
OK, MR. For some reason our trolls weren’t showing up on the Biden threads to
defendtheir guy’shonorgaffes, so I was out of practice.Time to cook dinner anyway. Buffalo tri tip.
Y-not on September 24, 2008 at 7:18 PM
I think McCain has goofed big time. Frankly, what can he really do to save the economy? He has three choices; support the proposal, reject it or offer modifications. He can do this wherever he is. The Obama camp will likely seize this golden opportunity to say that McCain does not have a clue about the economy and is scared to debate him. Unless McCain does very well in the debate, he is toast.
Birdseye on September 24, 2008 at 7:19 PM
Woulda been quite funny though.
*eats*
Grue in the Attic on September 24, 2008 at 7:19 PM
Every day the dems in congress hold this thing up and the markets tank, Obama’s numbers go up. I am fricking scared of what’s about to happen to people’s life savings.
pc on September 24, 2008 at 7:21 PM
Then kudos to BB&T. And I’m quite sure BB&T’s impressive banking coverage of east Tennessee & the Carolinas is a make/break for American finance (Charlotte being the exception)
Speaking of Charlotte, how is Wachovia doing? (http://www.businessweek.com/ap/financialnews/D93BVOPO0.htm)
Agreed walmart doesnt have a straight up loan for net30, but you bet your last nickel smaller companies are lighting up the credit market for non-inventory purchases. Even if it’s not 80%, it’s still a substantial enough to make a difference.
Again, This is a HUUUUUUUUUUGE Deal.
battleoflepanto1571 on September 24, 2008 at 7:22 PM
Bother reading my link from a CEO who was responsible with his business?
Economy is going into the crapper, no doubt. But do we allow it to correct itself here and we come out the wiser making the proper corrections to government’s involvement or hold it off for an even bigger disaster down the line (and we will have a bigger disaster)? Because that’s what all this is about right now in Washington. We stepped in it alright and there’s no correcting that, we can only correct what got us here in the first place and only a few lone voices in Washington are currently raising their voices. Do not let fear override our better judgments as it seems to be threatening now.
We’re all gonna hurt, of that I have no illusions. But just like in war when we will all suffer in some way for the greater good so now we much educate ourselves about how we got here and not make the same mistake twice. Which is what we’re about to do.
CTDeLude on September 24, 2008 at 7:22 PM
LOL! Because appearing on the David Letterman show is appearing on the evening news. I guess President Bush should cancel his prime time speech tonight and demand action by appearing tonight on The Daily Show with Jon Stewart.
terryannonline on September 24, 2008 at 7:22 PM
The financial crisis and the tone of this election can easily expose the gap for those that don’t see it, and even hasten the day. But you still jump too far ahead. The military would have it’s say well before that.
JiangxiDad on September 24, 2008 at 7:23 PM
It really bugs me that he stopped his ads. This is a war, and you can’t just suspend fighting in a war. The enemy is going to keep firing shots. Continuing to run ads will not interfere with his work in Washington.
A lot of people were eager for these debates,, I think he risks appearing like a spoiler somehow,, I just hope he can get this thing done by Friday so he can be there.
If he gets a bill finished and is able to show up in the debates,, well then,, this may be not so bad.
JellyToast on September 24, 2008 at 7:25 PM
Glad to know I’m not the only one that was banned from those sites after a few posts.
TexasBella on September 24, 2008 at 7:25 PM
Agreed the current bailout is a joke, and it shouldn’t/won’t pass.
But the govt has to do SOMETHING this time…. count me in the “conservative ready to fire the bullet that one time” group.
Too much is connected, and the gears WILL lock up the credit market if nothing is done.
Again, this. is. a. big. deal.
battleoflepanto1571 on September 24, 2008 at 7:26 PM
Democrats caused this crisis by prolonging the war, standing in the way of drilling and insisting that we run our cars on food. How’s that for a start, Monkei?
Ronnie on September 24, 2008 at 7:26 PM
It feels like war is shaping up. Civil war?
I am seriously concerned about increasing racial tensions if Obama is elected. I just suspect he will fan the flames of racism.
JellyToast on September 24, 2008 at 7:27 PM
RushBaby on September 24, 2008 at 7:15 PM
Thanks for the kind words….I don’t know about being one of the smarter ones here (esp with spelling and typos LOL)
unseen on September 24, 2008 at 7:27 PM
The NRA did a better job than the McCain campaign for Second Amendment Rights….maybe they can just take the wheel for awhile.
HornetSting on September 24, 2008 at 7:27 PM
Letterman’s insults are no problem.
Stewart does it on a nightly basis, and Dave’s politics are well known (youtube ‘o’reilly letterman’ both interviews).
If anyone changes their vote due to letterman, they were probably going to vote obama anyway.
This is the guy that has ‘dumb presidential speech moments’ with bush 3-4 times a week.
battleoflepanto1571 on September 24, 2008 at 7:28 PM
There is another aspect to McCain’s canceling out that I have not seen anyone address yet. If enough people believe him, that things are so bad that he must cancel the first and the major Presidential debate of this election, even though it is only two days away, to get back to Washington, that bad, then some people may well think that things are so bad that they had better withdraw all their funds from the banks and mutual fund money markets and put the cash under their bed. I doubt that the banks and mutual funds have that much on hand.
KentAllard on September 24, 2008 at 7:28 PM
To continue to run ads wouldn’t be bi-partisan. Take a breath. There are 4-0 days until the election. Besides, this decision has created so many new ad opportunities and McCain will be part of whatever solution is reached. Count on that.
CC
CapedConservative on September 24, 2008 at 7:28 PM
Monkei… apparently you need to read the facts of how we got to this situation. I’ll be happy to educate you. (No, it’s not a Rick Roll)
cannonball on September 24, 2008 at 7:29 PM
I really feel for Bernanke and Paulson having to sit through these hearings listening to the drones spew.
And Boehner for having to deal with Pelosi.
Domino on September 24, 2008 at 7:30 PM
Attention Mr. Reid! Attention Mr. Reid.
Shut.
The hell.
UP!
Last time I checked on this topic, you were quoted as saying “Nobody knows what to do.” Why would you tell McCain and Obama not to get back to the very work that we pay them AND YOU for?
You are a pathetic, evil little man.
cannonball on September 24, 2008 at 7:30 PM
This may well be the defining thing for the next presidential term in that it could have ramifications, both positive and negative, that will shape and rock the country for several years to come… and Barry O doesn’t want to be there when it happens? He’s willing to just let what will probably be the single most significant piece of legislation going into the next term get handed to him and he’ll help if they think they need him?
If it was me, I’d be there to make sure that what they were feeding me was something that I’d be willing to fight for because if congress messes it up, it could actually be worse than doing nothing…
Yeah, he’s a man of change! ((Watch as I magically transform the presidency into an oligarchy!))
rahjr2k on September 24, 2008 at 7:30 PM
I haven’t had time to follow the thousands of arguments on this thread tonite. I have listened to the back and forth on TV and stopped on other blogs. The pundit arguments on both leave me cold.
In comes down to this: either we have a crisis or we don’t. Maybe ascertaining the truth here is beyond my paygrade.
If it is truly a crisis, then we don’t need to be distracted by partisan politics. Debate and campaign rules can be changed for a valid crisis. Political aspirations are a stupid distraction and there is a special place in hell for politicians who can only play this as a power game. (And I find both parties to be corrupt in this regard.)
To paraphrase Insty, I’ll believe it is a crisis when the people who tell me it’s a crisis act like it’s a crisis.
In real life, I have to be resourceful and flexible to deal with my own emergencies and it almost always involves throwing away conventional wisdom.
If it is a true crisis, then suspending politics to address the crisis is called leadership. If it is not a true crisis, then it’s called grandstanding.
If it is a true crisis, we need an individual who can throw away political rule books to do the right thing. That may not win elections, but it would seem to be the only honorable thing to do.
Of course, I’m not a pundit, just a voter.
obladioblada on September 24, 2008 at 7:30 PM
He can’t and do non-partisan work.
527s etc can get the message out anyway. But this’ll only be a few days.
Spirit of 1776 on September 24, 2008 at 7:31 PM
How about we go back 2 years and see what life was like before the democrat control?..anyone??…anyone??
christene on September 24, 2008 at 7:31 PM
Take a breath.
CapedConservative on September 24,
Deep breath,,, counting, 1, 2, 3, holding,,
feel better already.
JellyToast on September 24, 2008 at 7:31 PM
Ad idea- McCain took this issue to the mattresses and THE MANCHILD was busy learning how to make speeches!
Does anyone thing THE MANCHILD is acting and looking WAY metrosexual? I mean there is just no macho there when you look for a man to be strong regarding issues like this. He is like a limp linguini noodle. McCain has the appearance of being in his fighter jet dropping bombs on the bad guys.
freeus on September 24, 2008 at 7:32 PM
So we agree essentially. I don’t propose nothing happens, I just propose something entirely different then what many here are seemingly willing to accept in the face of the “scary” things the networks tell us. I refuse to concede to basically a deal with the devil even if it comes from the people who currently represent our party in office.
We’re basically at a precipice here. We either fall down the path of governmental control that will choke this great economy or we get what’s best, a government not knee deep in the private sector where they started this whole mess. That’s what frightens me, that we’ll head down the path of socialism-lite that is already ruining freedom across this earth.
CTDeLude on September 24, 2008 at 7:33 PM
Shep is still droning on and on about the damn debate..Give him a cracker and shut him up.
HornetSting on September 24, 2008 at 7:33 PM
As far as trusting or believing who is telling the correct story on who said what and when; remember THE ONE agreed to take public financing and then backed out!
freeus on September 24, 2008 at 7:34 PM
Okay… dial 2005 in the old “Way Back Machine”… to the Senate Banking Committee… S.190, co-sponsored by McCain. He attaches letter warning Bush of what is going to happen that describes in exact detail what is happening today and asks for his support.
S.190 goes down in committee on a straight party line vote (defeated by the Democrats). Would have prevented ALL of this.
Far enough back for you? Now go away, grown-ups are talking.
CC
CapedConservative on September 24, 2008 at 7:34 PM
You aren’t seeing how interconnected the system is. Banks lend among themselves to meet their regulatory requirement and liquidity needs. Last week the rate at which this occured, libor, exploded, indicating that banks had essentially ceased lending among themselves. Thus banks without the toxic debt are also vulnerable to bank runs in this environment. And of course taxpayers are already on the hook for this via the FDIC, so they will be paying the bill for this regardless. Also large companies like Walmart use commericial paper to meet their liquidity needs, pay their employees, etc. That had broken down last week. If that had continued, its employees wouldn’t have gotten paid. The entire credit market was collapsing and this is enough to bring down the whole economy.
phronesis on September 24, 2008 at 7:35 PM
JiangxiDad on September 24, 2008 at 7:23 PM
the military will split along racial lines if that came to pass. I thought we have healed alot of racial wounds over the last 40 years but it appears the dems are hell bent on bringing them all to the surface. bill clinton calling Southerns crackers is just the lastest shot to racial hamrony. But more than racial we are fracturing on morals, beliefs, and common sense. I read an essay awhile back that this century will be the century of tribes. The last 100 years we tried to break down tribes but the PC and muiltculture movements have made tribes once again an important part of culture. It is sad in a away. the tribes of the rich and the poor; the whites and blacks and latinos, asians, the muslim and christian and jews, the redstates and blue states, everyone is joining a tribe in some way and it is destroying the great melting pot of this country. I for one am tired of it and want it to stop but the otherside wants all out victory at any cost, like Castro and his destructive tendencies, So if it is war than let there be war. I can compromise on alot of issues but I will not compromise on my freedom.
unseen on September 24, 2008 at 7:35 PM
There is another aspect to McCain’s canceling out that I have not seen anyone address yet. If enough people believe him, that things are so bad that he must cancel the first and the major Presidential debate of this election, even though it is only two days away, to get back to Washington, that bad, then some people may well think that things are so bad that they had better withdraw all their funds from the banks and mutual fund money markets and put the cash under their bed. I doubt that the banks and mutual funds have that much on hand.
KentAllard on September 24, 2008 at 7:28 PM
The smart ones have already done this. the treasury backing up money market funds was a great move and brought alot of stablity back to the market. Yet that is the problem we face. a run on the banks, on the market a crash, on the credit markets a freeze as everyone hoards cash.
unseen on September 24, 2008 at 7:37 PM
Ding!Ding!Ding!
We have a winner!!!
battleoflepanto1571 on September 24, 2008 at 7:38 PM
I’m listening to Barney Frank and he is so full of sh**!!!! He’s on Lou Dobbs….
DfDeportation on September 24, 2008 at 7:40 PM
phronesis on September 24, 2008 at 7:35 PM
I don’t understand why people are having trouble understanding. Do they think it won’t impact them? do they have some type of elitist attitude because they pay their bills. Anyone with debt is at risk no matter if they pay regulaly or not. anyone with a home loan, a credit card bill, a car loan is at stake. If losing their job means they will default on their debts thay are at risk. If missing one or two paychecks will cause missed payments to creditors they are at risk. If they do not have 2-6months of food in the house they are at risk.. I just fail to understand why so few see this problem.
unseen on September 24, 2008 at 7:42 PM
And I hear it’s quite tightly packed…
CC
CapedConservative on September 24, 2008 at 7:43 PM
Here is the Video of McCain suspending his campaign.
AnthonyK on September 24, 2008 at 7:46 PM
Sure glad to be a bitter clinger – hanging on to God and my guns with both hands!
InTheBellyoftheBeast on September 24, 2008 at 7:47 PM
John McCain is going to go to D.C. to work, then go to the debate and kick Sen. Obama’s butt without three days of “practice”.
Cindy Munford on September 24, 2008 at 7:47 PM
Nope, military will split along the Red State Blue State lines… which is often the Line Officer/ Enlisted line, vs the Staff Officer / JAG type Officer line…
Problem for the Blue States is that there are VERY few people from Blue States who are willing to serve in any combat capacity…
Romeo13 on September 24, 2008 at 7:48 PM
Another reason why this is not the way to go: Automakers get their own lifelines for being unable to build a product people want to buy.
CTDeLude on September 24, 2008 at 7:48 PM
Note Biden’s son… who is a Lawyer…
VS McCain or Palin’s… who are Line types…
Romeo13 on September 24, 2008 at 7:49 PM
I can’t conceive of that happening. If it were true, that would mean those divisions exist today as fissures. That notion challenges everything I think I know about the military, although I admit to knowing nothing from the inside.
If the military is as fractured politically and socially as the society, we are closer to the end than I ever imagined. My sense is that it’s close to the only sub set of our broader society that isn’t comprised of hyphenated Americans.
JiangxiDad on September 24, 2008 at 7:49 PM
Romeo13 on September 24, 2008 at 7:48 PM
point taken
unseen on September 24, 2008 at 7:50 PM
CapedConservative on September 24, 2008 at 7:43 PM
lol!
Disturb the Universe on September 24, 2008 at 7:50 PM
Makes sense.
JiangxiDad on September 24, 2008 at 7:50 PM
JiangxiDad on September 24, 2008 at 7:49 PM
Romeo13 on September 24, 2008 at 7:48 PM
both of you forget that since Carter the milatary has been a case study for multiculturlism.
unseen on September 24, 2008 at 7:51 PM
again, this is NOT the same. agreed, car bailout=stupid
but EVERYONE’s money and the ENTIRE economy rests with the money and liquid transfers from wall street down to your local bank or store… homes, cars, boats, everything.
not the same things.
this is a 1-in-a-million thing, and it needs to be fixed.
battleoflepanto1571 on September 24, 2008 at 7:51 PM
That’s why I’m investing in the new gold Obama coins!
/Ron Paul
Spirit of 1776 on September 24, 2008 at 7:52 PM
He should debate. He can fly there ad fly back if he thinks he needs to be is DC. Barack has called his bluff. I am depressed. My 401k is tanking. I am going to have to work until I am 90. I wanted to be a stay at home mom. It didn’t work out. So, plan B, I wanted to be able to retire and help out by being a stay at home grandma. Now, I am hoping to be a stay at home great-grandma.
djl130 on September 24, 2008 at 7:52 PM
First YouTube comment:
It reads just like many of the troll comments in this thread.
So, while McCain is trying to forge a rescue plan for our economy, the Obama campaign is astroturfing the internet with their political slogans.
Is there any question about which candidate, campaign and their supporters are putting country first?
Loxodonta on September 24, 2008 at 7:53 PM
assuming it’s pretty diversified, it should be back up within a year assuming this bailout works.
battleoflepanto1571 on September 24, 2008 at 7:54 PM
Do you mean multi-culturalism, or uni-cultural, but blind to ethnic and racial differences. That’s what I thought has been created.
JiangxiDad on September 24, 2008 at 7:55 PM
Screw that. If Bambi wins, I’m changing my party affiliation to Democrat and running for office. Might as well cash in while there is still time. See ya later, suckers! /s
ManlyRash on September 24, 2008 at 7:55 PM
battleoflepanto1571 on September 24, 2008 at 7:51 PM
what the governmanet should do but is political suicide is become the banker but at a higher interest rate. the comercial paper market, the money market funds etc should be able to go to the government bypass the banks. The bad banks would go under because people would no longer trade with them, the sound banks could undercut the gov on interest rates and see more business. the government would provide a stable environment/market. the bad loans would become worthless and the banks, invesnmetns etc would also. But that still does not solve retirment and pension and local governments funds. All will take a major hit and gov would have to step in and raise SS payments so seniors are not eating cat food.
unseen on September 24, 2008 at 7:56 PM
If that’s true, then where do you think the bill gets paid?
JiangxiDad on September 24, 2008 at 7:56 PM
Bingo! Great idea there…. as dumb as they are, they should be easy enough to beat. Think of what your position is. Then think of the exact opposite. Follow that up with the stupidest way to say it. I can hear the cheering crowds and see the accolades on dKos now…
CC
CapedConservative on September 24, 2008 at 7:58 PM
McCain should head to DC and lead the effort to cut the best deal possible. His qualifications for the job dwarf the alternatives. Have Sarah continue to campaign and send her to debate Obama! Her qualifications for the job are at least as good to Obama’s. Without his teleprompter, I bet she would handle herself admirably against Barack.
cool breeze on September 24, 2008 at 7:59 PM
Maybe perhaps because the people you are complaining about DO have those issues solved? I do. If you don’t that is your short sightedness and doesn’t constitute the rest of us sacrificing the chance to change the way this country handles it’s financial markets.
csdeven on September 24, 2008 at 7:59 PM
McCain wins this one. Either:
1) Obama folds and goes to DC, 2) Obama debates himself and looks like an idiot, or 3) Congress passes a “bailout” bill and McCain claims victory saying he forced them into acting so that their boy could have his debate
rocinaterider on September 24, 2008 at 7:59 PM
Is there anything specific Barry wants to debate about?? I mean really specific? We’ve all heard Barry stutter and stammer and listen to all the adoring media. But what does McCain gain by listening to his BS for an hour. If MAV can go back to DC and tell Harry Reid to go to hell and save us some money, I’m all for it! I’ve heard all I need to hear from Barack Hussein Obama.
Rick554 on September 24, 2008 at 7:59 PM
Look, at some point in the future, whether it’s 100 days or 100 years, at our present rate the US political system is going to fail.
So, what scenarios can we envision as to the course of events? Ultimately, it will be a schism along conservative/socialist lines. It seems apparent that conservatives, with the backing of the military + gun owners will quickly prevail.
How would power then be handled? What laws would be suspended? What transitional steps would be taken before a return to civilian control?
kuhio on September 24, 2008 at 8:00 PM
good point, but in that scenario, what happens to all of the assets of the banks that are allowed to ‘go under’… remember, the whole mortgage crisis is that Lehman & wall streeters bought up all this $$$ in the Mortgage-backed securities… the mortgages from small banks were pooled and sliced up into little pieces to spread out risk, and Lehman had billlllllion$ riding on the fact those mortgages would be paid off…. the interest rates went UP though, the Adjustable mortgages were screwed, parts of suburbs in Denver and PHoenix are empty due to house-flippers just leaving the key…. BUT BUT BUT BUT BUT those wall streeters STILL have thier hands on these mortgages (and houses)
what happens to the houses? i’m all for blaming folks earning $40K for getting a $400K mortgage (stupid), but for real, if another 10 lehman go under, that could honestly screw with MILLLLions of mortgages out there (not just a few ten thousand)…….
maybe i dont understand what you’re proposing
battleoflepanto1571 on September 24, 2008 at 8:01 PM
Bottomline… is McCain ****** or not? We coming out OK, or did we get completely massacred today as I think we did? Ive been skimming around most of the day so I don’t pretend to have the full image, hence the question. (been working all day)
Cardiganfox on September 24, 2008 at 8:03 PM
Screw the accolades. I’m thinking of bank accounts overflowing with cash from the pockets of taxpaying suckers. Cocktail parties with elites, sipping champagne and eating Beluga caviar while I weep crocodile tears for “da woikin’ man” who happily votes for me over and oveer again while he hands me his children’s future. Heh heh heh…./s
ManlyRash on September 24, 2008 at 8:03 PM
Memo to Shep:
We don’t care about your alma mater. If this is a true crisis, our concern is the country’s resolution of the problem. We don’t care that the students and faculty at Ole Miss are disappointed.
Maybe living through Hurricane Ike has reorganized my priorities. Crisis management first, hurt feelings later.
obladioblada on September 24, 2008 at 8:04 PM
weren’t the dems harping about not getting anything done without republican votes…Well, I don’t know if that was his reasoning…but it is perfectly legit for the man representing the party to stop down and do so. This would have been one of his stronger debate formats so, I believe he is being genuine.
tomas on September 24, 2008 at 8:04 PM
Secession in 20 years or less. Civil war. Lots of blood.
ManlyRash on September 24, 2008 at 8:04 PM
Great, Rove’s on. Now he can tell me how it’s going to play. That’ll hold me over until Rush tomorrow :)
Spirit of 1776 on September 24, 2008 at 8:05 PM
Well, I’ve been reading the comments …and I must say, I’m surprised.
Most people seem to think this is a masterful move…only time will tell.
I’ll go ahead and go on the record by saying:
Between this stunt and the horribly horrible Palin interview with Katie, it looks like the wheels just fell off this campaign.
Prove me wrong, John. Please.
Dorvillian on September 24, 2008 at 8:06 PM
Yeah, he’s a man of change! ((Watch as I magically transform the presidency into an oligarchy!))
rahjr2k on September 24, 2008 at 7:30 PM
—–
Funny, sounded like the voice came from behind that curtain….the ones the cables coming out of Obamas’ left leg go to…
Mew
acat on September 24, 2008 at 8:06 PM
update us for those who don’t have tv on….
battleoflepanto1571 on September 24, 2008 at 8:06 PM
1. Shoot the liberals
2. Grind the dead ones that are trolls into cat food
3. Return to normal
Any questions?
CC
CapedConservative on September 24, 2008 at 8:07 PM
He said basically it was high risk. Then Bill interrupted him and told Rove what he though. Uh, thanks!
He also said he (McCain) really needs to show at the end what he did to improve the bill.
Spirit of 1776 on September 24, 2008 at 8:08 PM
Unseen, NOTHING in the Constitution gives the government that kind of power. This is the problem, we’re giving powers in the name of calamity to those who are NOT supposed to get it per the ruling document of this Union. I cannot, will not, get beyond that fact. Especially when not adhering to that document is what got us into this mess in the first place.
CTDeLude on September 24, 2008 at 8:09 PM
Ya Know Reid your statement is pretty *^%$ing funny considering last week you were whining and moaning and screaming “We don’t know what to do! The economy is lost! QUAGMIRE! QUAGMIRE!”
The Democratic Party is a quagmire. They should pull out of America for good.
BKennedy on September 24, 2008 at 8:09 PM
Maybe perhaps because the people you are complaining about DO have those issues solved? I do. If you don’t that is your short sightedness and doesn’t constitute the rest of us sacrificing the chance to change the way this country handles it’s financial markets.
csdeven on September 24, 2008 at 7:59 PM
So you need no money to live? You have no job/business that would be at risk? You have no worry that your taxes would go up 3 fold to pay for others. your property taxes would increase, your sewage rates, electric rates, water rates, gasoline prices all would go up. Very high up to pay for all those that are bankrupt and without a house, a car or means to get to work that no longer employs them Your savings would be destroyed due to hyperinflation of commodities and hyperdelfation of assets
I have no debt. My car is paid, I carry no credit card debt. The only loan I have is a student loan which I could care less if I stopped paying on if the worse happens. The only impact that losing my job would have on me is a hit on my credit score. I have canned food for the next 9 months until spring planting season. I have a rifle and shotgun and know how to hunt. I have a lake outside my door stocked with catfish, bass and brim. I am not worried about my life.
however I understand what this would do to my local gov, my state, and my country. My entire way of life. I understand the pain that millions upon millions of AMerican will go thru and I understand that because of that pain my fellow citizens will flee to socialism that has not been seen since the 1917 russian revolution.
Now what part don’t you understand?
unseen on September 24, 2008 at 8:12 PM
Who secedes from whom? What arms does the other side possess to inflict casualties? In truth, it will be a bloodless coup. IOW, it will be over practically before it started. Socialists will cry, but at the end of the day, laws will be suspended/repealed and order restored.
The US doesn’t just have the ability to project power around the world – it also has the ability to project power to control its own destiny right here at home.
kuhio on September 24, 2008 at 8:13 PM
Thanks. I’m decoding our instructions now.
Loxodonta on September 24, 2008 at 8:14 PM
CTDeLude on September 24, 2008 at 8:09 PM
I can see your point on that one. In fact that is the strongest point i have heard instead of all the “let them eat cake” comments. However, the commerce clause and the fact that the US fed gov gives them the right for interstate commerce gives them the power true somewhat on a limited basis. the laws enacting the FEd and regulations governing that FED also give them the power, same with the laws forming the SEC, FDIC etc. the precedent is there in case law and in common practices over the course of the last 70 years. Bringing up that THIS is finally enough is alittle late to the party don’t you think.
unseen on September 24, 2008 at 8:17 PM
battleoflepanto1571 on September 24, 2008 at 8:01 PM
FDIC steps in for the bad banks and sells the loans for pennies on the dollar. As far as Lehman the vultures land and take the best and leave the rest like Barclay’s did. free market works. Those homes that are forclosed on the gov should just bulldoze them down and start over, taking over the empty property and selling it at auction.
unseen on September 24, 2008 at 8:22 PM
CapedConservative on September 24, 2008 at 8:07 PM
_______________________________________________________
What has a cat ever done to you?..: o ),..why not snake food?
christene on September 24, 2008 at 8:23 PM
They should just postpone the debate, not cancel it. Can’t the networks spare America one night next week off from their god-awful reality shows for this?
CP on September 24, 2008 at 8:23 PM
Actually, I have “several”.
Here’s a link validating McCain’s decision… money market freezes up again.
http://www.ft.com/cms/s/0/a68e789e-8a68-11dd-a76a-0000779fd18c.html
CC
CapedConservative on September 24, 2008 at 8:25 PM
CP on September 24, 2008 at 8:23 PM
____________________________________________
McCain didn’t ask to cancel the debate only delay it..: o )
christene on September 24, 2008 at 8:26 PM
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