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Thread: John McCain takes hit from bail out collapse

  1. #1
    Elite Member Belinda's Avatar
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    Default John McCain takes hit from bail out collapse

    WASHINGTON (CNN) -- The House's failure to pass a $700 billion bailout package Monday not only held back billions for Wall Street, but also was a major blow to Sen. John McCain's presidential campaign.

    The Republican presidential nominee raised the stakes for himself last week when he suspended his campaign and returned to Washington for negotiations over a solution to the financial crisis.


    "Even before the House vote, voters blamed Republicans more than Democrats for the crisis. Then McCain suspended his campaign to come back to Washington to rally support for a rescue plan," said Bill Schneider, a CNN political analyst. "He failed, so he gets blamed by both supporters and opponents of the rescue plan."


    Rep. John Boehner of Ohio, the top Republican in the House, said that McCain was actively involved in lobbying Republican House members Sunday to line up behind the bailout that was backed by the Republican leadership.
    "He has been making calls to members in support of this bill ... and I'm grateful for his support," Boehner said. But it was a majority of McCain's own Republicans in the House who voted against the bailout by a 2-1 ratio Monday afternoon, leaving the outcome of the bailout in doubt and sending the stock market diving 778 points. Despite McCain's lobbying efforts, 133 House Republicans voted against the bill.


    After the vote, McCain was defensive, accusing his Democratic rival, Sen. Barack Obama, of just wanting to "phone it in" when it came to the bailout and introducing partisanship into the process.

    "Senator Obama and his allies in Congress infused unnecessary partisanship into the process. Now is not the time to fix the blame. It's time to fix the problem," the Arizona Republican said after the vote.

    But on Tuesday morning, McCain said the bill failed "because we haven't convinced people that this is a rescue effort, not just for Wall Street, but for Main Street America, for working families, for small businesses, for the heartland of America. "I may fail a first or second or third time, but we have to get this job done for America. And I have a plan to restore our economy," McCain added.


    Before the House vote, McCain was losing ground to Obama because of the increasingly bad economic news. A CNN/Opinion Research Corporation poll conducted September 19-21 found that Obama was leading McCain 51 percent to 46 percent. Earlier, after the Republican convention, the two had been tied in the polls. And the CNN poll found that Obama leads McCain 49 percent to 43 percent among those surveyed when asked who had showed better judgment in the economic crisis.


    Terry Jeffries, a Republican strategist and CNN contributor, also said McCain may have hurt himself among conservatives by losing sight of his party's free-market principles. "I think that John McCain failed to lead," Jeffries said. "He should be right there pushing the principles, and the conservatives in the House are doing that right now."


    While Obama and McCain have mostly agreed on the principles of the bailout, Obama has mostly stayed out of negotiations and has used the financial crisis to attack the economic policies of the Bush administration and tie McCain to the unpopular President Bush. "He didn't put himself in that process. He was smart enough to realize he couldn't control the House Republicans or Democrats," said Ed Rollins, another Republican strategist and CNN contributor.


    But McCain's allies still said McCain made the right move when he inserted himself into the talks. "He wanted to come back to Washington and to help with the crisis. And the fact it didn't work out, it's not on his shoulders," said Ron Bonjean, a Republican strategist. "Frankly, it's on the Democrats' shoulders, they're the ones who run Congress."



    McCain takes hit from bailout collapse - CNN.com

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    Elite Member cmmdee's Avatar
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    Senator Obama and his allies in Congress infused unnecessary partisanship into the process.

    WTF is Mccain talking about? He clearly hasn't taking his old man meds today.

    Wasn't McBush out to dinner with Leiberman when this went down?

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    Elite Member kingcap72's Avatar
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    "Senator Obama and his allies in Congress infused unnecessary partisanship into the process. Now is not the time to fix the blame. It's time to fix the problem," the Arizona Republican said after the vote.
    Sometimes I think McCain just says shit to see what sticks, and he hopes people are dumb enough to buy it.

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    Elite Member lurkur's Avatar
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    At some point in history, McCain used to have honor, respectability, despite his gruffness.

    Now that's all gone, and he acts like a kid who will say or do anything to get their way. Even if it's the most ridiculous thing ever.

    His ultimatum about suspending his own campaign until he got what he wanted was just like a little kid who tells their parent they are going to hold their breath until they get that piece of candy.

    The child will lie to get their way, and when you catch them in a lie, they just make up even more stuff out of thin air as an excuse.

    So is McCain's campaign back on suspension since the bailout hasn't passed yet?

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    Quote Originally Posted by Belindagogo View Post
    While Obama and McCain have mostly agreed on the principles of the bailout, Obama has mostly stayed out of negotiations and has used the financial crisis to attack the economic policies of the Bush administration and tie McCain to the unpopular President Bush. "He didn't put himself in that process. He was smart enough to realize he couldn't control the House Republicans or Democrats," said Ed Rollins, another Republican strategist and CNN contributor.
    Obama realized that he couldn't tell hundreds of people what to do, especially when he's in campaign mode. McCain tried to strong-arm his way into being the economic savior, and it's back to haunt him.

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    Elite Member Little Wombat's Avatar
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    McCain thought he could look like the great uniter if he suspended his campaign while the bill was being hammered out. It seemed to be a foregone conclusion that it was going to pass, so it looked like a win-win for him.

    And then the bill failed.

    Oops.

    Time for him to distance himself as much as possible.

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