quote:

“I am concerned that Treasury’s proposal is neither workable nor comprehensive despite its enormous price tag,” Senator Richard C. Shelby of Alabama, the senior Republican on the banking committee, said in a statement. “It would be foolish to waste massive sums of taxpayer funds testing an idea that has been hastily crafted.”
Some conservative Republicans also expressed outrage, echoing scornful comments by Newt Gingrich, the former House speaker, and Lou Dobbs, the CNN anchor, among other right-leaning critics.

quote:

ORIGINAL: csl7037

Friday's debate is/was to be about foreign affairs. Even if it were about economic issues, it would be terribly inappropriate for these two to stand up and spout of their politicized "opinions" and inane "solutions" - it would be not only fruitless but counterproductive and would undermine the process of what has to happen now . . . Congress has got to get together and fix their mess! McCain's life has been about working through these sorts of impasses - there's no way this man is walking away from his responsibility to his collegues, his constituents, and the rest of this country to engage in ridiculous political banter with the likes of Obama. Would be a complete waste of time and neglect of his responsibilities.

quote:

ORIGINAL: TaoPoohBear

I cannot stress this strongly enough, the ability to do more than one thing at once is vital to a President's resume.

Did they uninvent the telephone?
Talk to Republican Conservatives John! Ask them their advice instead of rushing off to DC!
Annouce a PLAN John, then go to DC!
Bailout Talks Advance, but Doubts Voiced in Congress

quote:

“I am concerned that Treasury’s proposal is neither workable nor comprehensive despite its enormous price tag,” Senator Richard C. Shelby of Alabama, the senior Republican on the banking committee, said in a statement. “It would be foolish to waste massive sums of taxpayer funds testing an idea that has been hastily crafted.”
Some conservative Republicans also expressed outrage, echoing scornful comments by Newt Gingrich, the former House speaker, and Lou Dobbs, the CNN anchor, among other right-leaning critics.

quote:

ORIGINAL: LivingParadox

quote:

ORIGINAL: TaoPoohBear

I cannot stress this strongly enough, the ability to do more than one thing at once is vital to a President's resume.

Did they uninvent the telephone?
Talk to Republican Conservatives John! Ask them their advice instead of rushing off to DC!
Annouce a PLAN John, then go to DC!
Bailout Talks Advance, but Doubts Voiced in Congress

quote:

“I am concerned that Treasury’s proposal is neither workable nor comprehensive despite its enormous price tag,” Senator Richard C. Shelby of Alabama, the senior Republican on the banking committee, said in a statement. “It would be foolish to waste massive sums of taxpayer funds testing an idea that has been hastily crafted.”
Some conservative Republicans also expressed outrage, echoing scornful comments by Newt Gingrich, the former House speaker, and Lou Dobbs, the CNN anchor, among other right-leaning critics.

So you think Obama should call in his opinion?

quote:

ORIGINAL: LabGuy

You can rarely get an accurate picture of a politician from what they say. What's most revealing is a pattern of behavior. Senator McCain has a pattern of putting the country ahead of his interests. Stopping his campaign to deal with this crisis. (Incidentally doing the job he was actually elected to do.) Voting for the surge when it was politically unpopular because he thought it was the right thing to do. Fits right in with what he did back as a POW - refusing early release.

Senator Obama's pattern is not so laudable. Undermining the United States in negotiations with a foreign power. Worried more about the election than the economic crisis. And this is the second time he's been elected to an office only to run for a higher one at the earliest opportunity (he ran for Congress before even serving out his first term in the Illinois State Senate).

In my opinion, Senator McCain's behavior is that of someone who might actually believe he's a public servant; Senator Obama's speaks of someone who is power-hungry. I know which one I would rather have in the White House.

Furthermore, as to any delay in the debate, if I'm not mistaken this first one was to be on National Security and Foreign Policy, wasn't it? Those are Senator McCain's strong points. If anything a delay would be in Senator Obama's favor, giving him more prep time with his advisors.

-Robb

quote:

ORIGINAL: LivingParadox

Oh, I'm sure there will be debate on this issue, in Congressional debate --where it matters. A debate on Foreign policy can be rescheduled. The Financial market situation is real and needs addressing now.

quote:

ORIGINAL: TaoPoohBear

quote:

ORIGINAL: LivingParadox

quote:

ORIGINAL: TaoPoohBear

I cannot stress this strongly enough, the ability to do more than one thing at once is vital to a President's resume.

Did they uninvent the telephone?
Talk to Republican Conservatives John! Ask them their advice instead of rushing off to DC!
Annouce a PLAN John, then go to DC!
Bailout Talks Advance, but Doubts Voiced in Congress

quote:

“I am concerned that Treasury’s proposal is neither workable nor comprehensive despite its enormous price tag,” Senator Richard C. Shelby of Alabama, the senior Republican on the banking committee, said in a statement. “It would be foolish to waste massive sums of taxpayer funds testing an idea that has been hastily crafted.”
Some conservative Republicans also expressed outrage, echoing scornful comments by Newt Gingrich, the former House speaker, and Lou Dobbs, the CNN anchor, among other right-leaning critics.

So you think Obama should call in his opinion?

According to Connecticut Sen. Chris Dodd (Chairman of the Senate Committee on Banking, Housing, and Urban Affairs), they've been speaking daily.
And Obama has stated his opinion about the bailout legislation yesterday -
Obama Weighs In
McCain's been AWOL.

quote:

ORIGINAL: TaoPoohBear

I cannot stress this strongly enough, the ability to do more than one thing at once is vital to a President's resume.

Did they uninvent the telephone?
Talk to Republican Conservatives John! Ask them their advice instead of rushing off to DC!
Annouce a PLAN John, then go to DC!

quote:

ORIGINAL: TaoPoohBear
That sums up why McCain would be a terrible President - Better to take thoughtless action then thoughtful discussion.

quote:

ORIGINAL: RichLP

I find it strange that as soon as Barack Obama is up 9% in the polls, that John McCain calls a "timeout."

Now, don't get me wrong. I do not doubt that McCain loves America and that he wants a solution to the financial crisis, but I have no doubts about Obama's love for and commitment to America. Furthermore, I cannot help but feel cynical about the McCain camp conditioning its presence at the first debate to an agreement on the bailout package. That indirectly puts pressure on elected officials to agree to it, despite its enormity and complexity.

Finally, it was about foreign policy to begin with, the area McCain ostensibly has more expertise in - and now McCain wants to go work on the financial sector, the area he's openly admitted he's not too well-versed in.

I cannot help but conclude this is nothing more than political calculation masked as pious statesmanship.

quote:

ORIGINAL: LivingParadox

quote:

ORIGINAL: TaoPoohBear

quote:

ORIGINAL: LivingParadox


So you think Obama should call in his opinion?

According to Connecticut Sen. Chris Dodd (Chairman of the Senate Committee on Banking, Housing, and Urban Affairs), they've been speaking daily.
And Obama has stated his opinion about the bailout legislation yesterday -
Obama Weighs In
McCain's been AWOL.

Glad to know that Obama's got one of the gatekeepers on this fiasco updating him daily. Sounds like he's got all the information he needs.

quote:

Republican presidential candidate John McCain met Wednesday with a panel of business executives to seek their opinions on the Bush administration's proposed $700 million bailout of U.S. financial markets.
Flanking McCain were former Massachusetts Gov. Mitt Romney, his one-time rival for the GOP presidential nomination, and former eBay CEO Meg Whitman. Others in the meeting were John Chambers, CEO of Cisco Systems, and John Thain, the CEO of Merrill Lynch before it was acquired by Bank of America earlier this month for a much-reduced value.
(Thain was the best-paid corporate executive in the U.S. in 2007, receiving approximately $83.1 million in salary and bonuses)
McCain talks bailout deal with CEOs

quote:

ORIGINAL: adelphi_sky

I find it odd that McCain would cancel a debate thinking that the bailout won't get solved without his undivided attention. He's one man. And I think a potential president should be able to handle "waiting" for a bill to sign and holding a 90 minute debate. Obama has refused to suspend the debate and I applaud him. If you can't stand the heat, get out of the kitchen. Presidents multi-task all the time. And McCain guarantees and consensus by Monday? Good luck. If congress could move that fast, what has been taking them so long on every other issue? This will take at least a week. Nothing a 90 minute debate can hinder.

quote:

McCain supporter Sen. Lindsey Graham tells CNN the McCain campaign is proposing to the Presidential Debate Commission and the Obama camp that if there's no bailout deal by Friday, the first presidential debate should take the place of the VP debate, currently scheduled for next Thursday, October 2 in St. Louis.
McCain camp to propose postponing VP debate

quote:

Negotiators questioned how either presidential candidate could now enter those talks, especially when a process that started badly on Tuesday showed signs of strong progress yesterday.

quote:

But, hey, whatever keeps y'all feeling happy about McCain.

"When in trouble fear and doubt, run in circles scream and shout!"--- Big Bird

quote:

Where McCain talked about bipartisanship, Obama provided specifics across party lines.
"I also need to give credit to Republican Sen. Tom Coburn, who had called me suggesting that a joint statement might be useful," he said.
He also said he had urged Democratic congressional leaders not to pursue efforts to add an economic stimulus package to the bailout. Similarly, he said the attempt to give bankruptcy judges the power to rewrite mortgage terms, another Democratic priority, "is probably something that we shouldn't try to do in this piece of legislation."

http://www.msnbc.msn.com/id/26876219/page/2/

quote:


According to Connecticut Sen. Chris Dodd (Chairman of the Senate Committee on Banking, Housing, and Urban Affairs), they've been speaking daily.

quote:

I do agree McCain is needed to convince Conservative Republicans to accept this deal;
Just wish he'd showed this leadership a few days earlier.
Then I might believe he was qualified to be President.

quote:

ORIGINAL: Jhud

quote:

I do agree McCain is needed to convince Conservative Republicans to accept this deal;
Just wish he'd showed this leadership a few days earlier.
Then I might believe he was qualified to be President.

Really? That is all it would take, just do what he is doing now a few days earlier? What did Obama do a few days earlier about the issue to earn your undying faith in him?

quote:

Obama said he supports President Bush's decision to give the Treasury Department broad authority to deal with the financial crisis.
Republican candidate John McCain spoke in Wisconsin and said the U.S. central bank should stop bailing out failed financial institutions.....
Voice of America

quote:

Obama went to great lengths in his speech to get as specific as possible. Since then Chicago has released an in-depth fact sheet outlining Obama's plan.
You can disagree with Obama's proposals--many folks will, whether out of partisanship or principle. But to say, like McCain, that he's offering nothing but "talk" is simply false.

In fact, it's been McCain's response--not Obama's--that's felt a little light on substance so far.

The closest McCain came to a specific proposal was his promise "reduce the debt and risk that any bank can take on" and "prevent the kind of wild speculation that can put our markets at risk"--laudable goals, but little more than platitudes without actual plans to put in place. Meanwhile, unlike Obama, McCain has not posted any additional information on his website; the senator's economic plan doesn't even mention market reform. "I don't think it's, at this moment, imperative to write down exactly what the plan has to be," Douglas Holtz Eakin, McCain's top economic adviser, said yesterday. "[It's just] some standards we just have to aim for and we just haven't met." In other words, McCain doesn't need any actual policy prescriptions.
Newsweek

quote:

ORIGINAL: TaoPoohBear
I find it strange that you can call the current Chairman of the Senate Committee on Banking, Housing, and Urban Affairs a "gatekeeper on this fiasco" in one post while saying that McCain needs to be in the Senate in person to fix this fiasco in another post.
Senator McCain served as Chairman of the Commerce, Science and Transportation Committee from 1997 to 2001 and 2003 to 2005. He is currently the Ranking Member.
In less you feel that Commerce & Finance have nothing to do with one another?!

quote:

ORIGINAL: buckifn

I think it's not only the best move McCain has made so far, it's the only one that makes sense.

Unless we can fix the crisis we now have what good will political rhetoric about the future do for either party?

FINALLY someone is starting to admit our country is in major trouble. I just wish one of them were Godly enough to lead with prayer and seeking God as an example for others to follow instead of worrying about who gets credit for the idea of actually addressing the problem.