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Obama: Congress "Close To A Deal" On Bailout Package

Barack Obama, speaking at the Clinton Global Initiative, offered a read on the politics of the bailout that was strikingly at odds with McCain's read earlier this morning. From Obama's prepared remarks:

Congressional leaders have made progress in their negotiations, and appear close to a deal that would include these principles. President Bush addressed some of these issues last night, and I'm pleased that Senator McCain has decided to embrace them too. Now is a time to come together -- Democrats and Republicans -- in a spirit of cooperation on behalf of the American people.

Later today, I'll be traveling to Washington to offer my help in getting this deal done. Then, I'll travel to Oxford on Friday for the first of our presidential debates. Our election is in 40 days. Our economy is in crisis, and our nation is fighting two wars abroad. The American people deserve to hear directly from myself and Senator McCain about how we intend to lead our country. The times are too serious to put our campaign on hold, or to ignore the full range of issues that the next President will face.

Obama: Congressional leaders have made progress (without my help!); a deal is near; and I'll offer whatever assistance I can today.

McCain: The deal is dead and only I can revive it.


56 Comments

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Well done, Sir!

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Shorter version of the statement made at the CGI.

Obama = grownup.
McCain = deluded adolescent.

And now Republicans are going to have to slow up a deal just so Johnny can get to town in time for a grip and grin with the president. These guys have egos too. I'm sure this isn't going over well with many. What a charade.

Pufferfish

Oh my God. A mature, calm and responsible leader. What a concept!!!!

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God I love this grown-up man I'm supporting to be president.

OT - what the hell has Judy Woodruff done to her hair?! Judy - not a good idea, no matter what they told you.

How you coming along with that Texas is in play idea you used to flog around the boards? I get nervous when I hear you predicting victory.

I guess some marine pilots never grow up.

McCain was a Navy pilot. Don't insult the Marines.

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It's going to important to get the word out that the deal was almost done - because the White House and McCain are going to spin it as if they sealed the deal - a meme we'll have to aggressively attack.

http://strategy08.wordpress.com

Never thought of that. Entirely plausible and definiteley not beneath either of them.

Agree, but I've seen many media reports since yesterday reporting that the deal is basically done - 98%. So I don't think they'll let them get away with it.

And Obama is the one closer to the reality of the situation. Imagine that.

http://www.nytimes.com/2008/09/26/business/26bush.html?hp

Republicans are delaying any statement of agreement until after the candidates meet with the President to help out Johnny.

Pure and simple, Obama is a classy leader.

McCain: The deal is dead and only I can revive it.

Obama: Congressional leaders have made progress (without my help!); a deal is near; and I'll offer whatever assistance I can today.


Great summary Greg!

I wish that the Obama Campaign would call McCain on this obvious stunt. They know what they're doing though... it would be nice for Obama to show up sans McCain in Mississippi and speak directly to the American people who will be tuning in anyway to see the drama. Just speak to them and level with them that this is a political stunt that treats them as children.

Bob Barr is offering to step in as a replacement for the Friday debate.

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O really?

Now wouldn't that be interesting.

Smart, Barr is.

That would be awesome. Great way to peal a bunch of conservatives out of McCain's base. Especially in light of the bailout, which they hate.

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I agree and I've thought all along as McLame nosedived, that Barr could have a Perot effect.

Barr is smart. People will tune in to this event... I think Obama should give Barr as much publicity as possible. More votes would be siphoned from McCain than would be siphoned from Obama. Maybe he shouldn't engage Barr. But definitely give him a platform. That would be the ultimate nightmare for McCain in places like NC & VA And maybe even CO,NV and PA

On further consideration, this will put McCain truly in a bad spot. There is simply no way they can allow Barr to sit in as a replacement for McCain. That would be suicidal.

McCain's going to have to debate, crawling in there with his tail between his legs.

Where's your source on this?

There are a bunch of sources out now on this:
This one has Barr saying:
“Given Senator McCain’s political stunt to avoid the debate,” Barr said Thursday, “I ask that Friday’s debate moves forward without him, as I am more than willing to step in to participate.”

More sources here: Bob Barr

http://www.nysun.com/blogs/latest-politics/2008/09/bob-barr-obama-can-debate-me.html

via HuffPo

Barr calls what McCain did a "political stunt"

Wow.

If Barr is allowed to debate Obama in McCain's place, it will be the end of the Republican party as we know it. The cracks that have been forming between the libertarians and neocons will turn into chasms. It will fragment the party badly.

That said, no way it happens. McCain can't let it happen. And I would bet that even Obama will not support it. It would just be too much of a wild card at this late stage.

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I agree.

I think about 2/3s of the what was the Repug Party is ready to peel off and head to Libertarianism, anyway.

Especially in the west. Libertarianism really appeals out here. From Texas west, Libertarianism is growing and taking hold and we're going to be fighting them next.

And I really don't like Libertarianism - except for the sanity on the drug laws -

And this bailout is going to be the best recruiting tool the libertarians ever had.

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O no shit, acamus! How pissed off are fiscal conservative Repugs right now? I never thought I'd see a Repug agreeing with Chris Dodd, but they do.

The party finally turned utterly on Bush/Cheney. Remember, Cheney came up out of the crypt to try to sell this giveaway to the Congressional Repugs and they said in effect, what Cheney loves to say to them: go fuck yourself!

But an Obama surrogate could say he should ponder the idea. Enough to put the fear of God in the McCain camp.

Yeah, that's a good idea.

He also made sure to mention that McCain is trying to take Obama's principles as his own, but doing so diplomatically.

That reads badly. I meant to say that Obama is stating, in a diplomatic way, that McCain is trying to claim for himself Obama's principles.

Nov 4th cant come fast enough.

01-20-2009 can't come soon enough.

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Folks, the people who will need convincing about mcShame... will be convinced by Letterman!

It's time to start clucking, flapping elbows, and bobbing my head before my Republican acquaintances.

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O. My. God. We are channeling each other. I was flapping my arms and limping and quacking around here this morning and laughing my head off at myself.

Wow.

Imagine the staggering burden this episode places on the nation's comedians.

So many gags, so little time.

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It is long past the time when we should notice that John McCain is on the downslope that often accompanies old age. His mind just isn't up to the task of appearing in public. If this is offensive, then consider the alternative: the man is delusional, honestly believing the crap he is spewing about his own importance. He is a man with zero influence in Washington even in his own party, let alone in the Congress as a whole. But, he is needed there to salvage the economy, something he admittedly knows nothing about?

The old fable about the king's fine robe which didn't exist, leaving the king to strut around naked, has never been more applicable. Only, there seems to be no one in the press willing to point out that not only is McCain naked as a jaybird, but the sight is repulsive to all who must look at him.

He is loosing it. I think it is quite possible that the McCain handlers saw something in debate practice that made them really worried. Then, they took the rope that Obama offered and hung themselves with it.
Okay, I know this is innapropriate, but please folks, take it as a joke because that is what it is.


It is ironic that the black candidate giveing the white candidate rope with which to hang himself.

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LOL!

Yes it is ironic. There has been a hell of a lot of irony in this campaign -

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Meanwhile, back at the "great American bailout": If you read this , you will see:

In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number." This is no trivial matter. If the $700 billion is truly a random number selected for shock value, this whole bailout should simply be dropped, and a Senate committee set to work to determine what really needs to be done, if anything.

I told you these were thieves. Anyone still don't believe me?

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Wow. Schumer is right...dole it out. No lump sum.

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Patience is a virtue.

To think there are those who still do not understand the reason behind the enthusiasm this candidate generates. They still wonder why Obama and not Hillary. Grace under fire, calm through the tempest, always looking beyond, campaigning not just to win but also so that he can govern, such is Barack, and they are yet to grasp all this. Meanwhile, the entire world waits.

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I don't give much weight to the Intrade markets, but McCain's gimmick has his futures taking a nosedive while Obama is heading back to the 60 mark (58.9 last I check). In addition, the "will the debate be held as scheduled?" question is trading high and moving up.

That said, given how many times we've been burned in the last 8 years, you never know - this could somehow swing back in McCain's favor. The trouble is that his "gambits" all only have about a 2 week shelf life. Even if this does work to his benefit - and I actually think the opposite will occur - how much does he have left in his arsenal between now and November 4. And at what point - is it now - do you start to look flat out schizophrenic?

Damn. He's up another 1+ since an hour ago.

LOL, so much for McCain the gambler. It turns out he's merely a lousy crap shooter.

I don't think much of Intrade either, but it's nice to see Obama almost back to pre-Palin levels.

Yeah, at some point regular folk will just say "fuck it, that man is batshit crazy".

Man,how I admire Letterman for speaking truth to 'power wannabe'!

There will be idiots that believe old Johnnnie to the rescue, but please let sanity prevail. He really stepped into it this time, it is not defendable period.

With all of the craziness that surrounded the primary election, who would have guessed that the general election would be a hundred times more crazy? Years from now we will be our children and grandchildren about this circus.

Why isn't the MSM talking about how the Republicans are trying to slow down the bailout deal? Its astonishing that the Republicans are against a proposal for judges to rewrite mortgages for people losing there homes.

Our nation has been on thru a long binge of fantasy. There will be withdrawal symptoms if we come out of it. I look forward to hearing from you guys on the other side. LOL, if we don't commit suicide first.

Senator Chris Dodd said that througout talks in Washington Senator Obama has been involved. He has talked to Dodd and to administration officials. Dodd said he has not heard a word from McCain.

From:

Head of State

http://headofstate.blogspot.com/2008/09/mccain-and-bushs-kabuki-theatre-mccain.html

Thursday, September 25, 2008

McCain and Bush's Kabuki Theatre: McCain Contacts Bush To Set Up Meeting To Prop Up His "Suspension"

Now we know why McCain hired the Bush contingent.

It emerged in the White House briefing today that McCain called Bush and asked him to initiate a meeting today at 4 pm at the White House, putatively for him to "deal with" the crisis.

That is, McCain asked Bush to help him create an avoidant trifecta: To try ti\o lend some credence to McCain's desperate assertion that a suspension of his campaign is necessary, in effect avoiding a debate in which he would face critical questions about his stance on the economy; attempting to co opt the financial crisis thereby trying to put an end to his plummeting in the polls created by his flailing positions on the economy--perhaps best reflected by his statement days ago that the "fundamentals of the economy are strong"; and, while avoiding his own debate, also buying more time for Sarah Palin after her embarrassing photo op at the UN yesterday, by moving her debate forward as well.

Here's how it happened, according to Q and A at the WHB:

McCain emailed Bush asking for the 4 P.M. meeting. Now, one reasonably might ask, why is today such a necessity for McCain, if his interest is solely the national good?

Because it is before the debate. McCain hopes to stage a meeting at the White House, thereby, with Bush's cooperation, lending plausibility to his claim to need to suspend his campaign. Then, if Republicans, in their own electoral interest, can be persuaded to come to agreement after the meeting, and before the debate, he would claim--in an act of utter stage management--to have "resolved" the crisis. Thereby hoping to take the heat off on his past careening stances and sliding polls and staunch the bleeding on the polls--before the debate.

This is Kabuki Theatre masquerading as substance--no different than what we saw at the U.N. yesterday.

It is utterly stage managed, utterly cynical, and utterly unrelated to the substantive deliberation necessary to actually resolve these matters on the merits and for our nation's future, rather than for short-term and desperate political advantage.

These occurrences are equally important for what they indicate about McCain's governing style as they are for their impact upon democratic process: impulsive acts that rely on drama and theatrical posture rather than substantive reasoning and long-term deliberation; a strong willingness to sacrifice substantive reasoning, deliberative process, and even prior structures and agreements to immediate political need; an attempt to reach outcomes through last minute stage management rather than substantive argument.

These should create deep concern for anyone who wishes for a change in governmental process from the past eight years.

We have an economy, rather than a campaign, to rescue. Putting nation before politics means putting all attempts to resolve it before political attempts to co opt it--and to move towards one's commitments, rather than towards a more immediate and short-term salvation.

Cite:

Head of State

http://headofstate.blogspot.com/2008/09/mccain-and-bushs-kabuki-theatre-mccain.html

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Actually, this plan is bogus, even with safeguards. All reputable economists seems to agree on that. Obama is a fool to support it when the public does not. Obama should get behind the Galbraith plan between now and tonight's debate or risk a plummet in the polls if McCain succeeds in derailing it. One caveat: McCain derails the bailout and wall street crashes before the election.

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