{"id":461,"date":"2008-09-24T17:23:03","date_gmt":"2008-09-24T21:23:03","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=461"},"modified":"2008-09-25T18:42:42","modified_gmt":"2008-09-25T22:42:42","slug":"leadership-mccain-to-suspend-campaign-to-focus-on-economy","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/24\/leadership-mccain-to-suspend-campaign-to-focus-on-economy\/","title":{"rendered":"Leadership: McCain To Suspend Campaign To Focus On Economy"},"content":{"rendered":"

John McCain has announced that he will temporarily suspend his campaign<\/a>, effective tomorrow, so that he can return to Washington to work on the Wall Street bailout plan. He has also asked the Commission on Presidential Debates to postpone the debate scheduled on Friday in Oxford, Mississippi until congress has had chance to address the crisis.<\/p>\n

John McCain’s statement on the economy:<\/strong><\/p>\n

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, every corner of our country will be impacted. We cannot allow this to happen.<\/p>\n

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.<\/p>\n

It has become clear that no consensus has developed to support the Administration\u2019s proposal. I do not believe that the plan on the table will pass as it currently stands, and we are running out of time.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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\u2019s debate until we have taken action to address this crisis.<\/p>\n

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.<\/p>\n

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.<\/p><\/blockquote>\n

[poll id=”3″]<\/p>\n

Allah has more @ Hot Air<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

John McCain has announced that he will temporarily suspend his campaign, effective tomorrow, so that he can return to Washington to work on the Wall Street bailout plan. He has also asked the Commission on Presidential Debates to postpone the debate scheduled on Friday in Oxford, Mississippi until congress has had chance to address the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[26,7,157],"tags":[40],"class_list":["post-461","post","type-post","status-publish","format-standard","category-economy","category-politics","category-polls","tag-john-mccain","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-7r","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":494,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/26\/back-on-the-trail\/","url_meta":{"origin":461,"position":0},"title":"Back on the Trail…","author":"Jeff","date":"September 26, 2008","format":false,"excerpt":"Statement from the McCain Campaign on negotiations\u00a0 (H\/T: Rich Lowry): John McCain\u2019s decision to suspend his campaign was made in the hopes that politics could be set aside to address our economic crisis. In response, Americans saw a familiar spectacle in Washington. At a moment of crisis that threatened the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":472,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/25\/a-failure-of-leadership\/","url_meta":{"origin":461,"position":1},"title":"A Failure of Leadership","author":"Jeff","date":"September 25, 2008","format":false,"excerpt":"What I said yesterday about McCain and leadership... Scratch that. My first reaction to John McCain's announcement that he was suspending his campaign and returning Washington to help craft a financial bailout plan was positive. I though it was bold move that could pay huge dividends down the road. This\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":664,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/06\/finally-mccain-blasts-obama-democrats-for-fanniefreddie-meltdown\/","url_meta":{"origin":461,"position":2},"title":"Finally: McCain Blasts Obama, Democrats for Fannie\/Freddie Meltdown","author":"Jeff","date":"October 6, 2008","format":false,"excerpt":"Update: Scroll down for the video. It looks like the gloves are really off, John McCain is going to finally start talking about the economy and going after Barack Obama and Democrats for their roll in the failure of Fannie Mae and Freddie Mac. Our current economic crisis is a\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":383,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/17\/the-democrats-credit-crisis\/","url_meta":{"origin":461,"position":3},"title":"The Democrats Credit Crisis…","author":"Jeff","date":"September 17, 2008","format":false,"excerpt":"The more I dig into the history behind our current crisis the more outraged I become... Commenter Veretax writes: \"I think the American people have had it with this situation where the middle-income people in our country are not protected from the ramifications of the risk-taking and the greed of\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":502,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/26\/video-burning-down-the-house-what-caused-our-economic-crisis\/","url_meta":{"origin":461,"position":4},"title":"Video: Burning Down The House: What Caused Our Economic Crisis?","author":"Jeff","date":"September 26, 2008","format":false,"excerpt":"This video has been floating around the web for a couple of days... It provides a detailed look at how the Community Reinvestment Act was used to push banks into sub-prime mortgages and how that distorted the housing market... And helped create the bubble that burst. A couple of caveats\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":505,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/26\/poll-question-who-won-the-first-debate\/","url_meta":{"origin":461,"position":5},"title":"Poll Question: Who Won The First Debate","author":"Jeff","date":"September 26, 2008","format":false,"excerpt":"[poll id=\"5\"] Overall I thought McCain won on points\u2026 Although it was closer than it should have been. McCain clearly won on foreign policy but on the economy it was at best a draw. McCain needs to drop the populist rhetoric and stand up for conservative economic principles... In particular\u2026","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=461"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/461\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}