McCain To ABC News
EmailABC’s Ron Claiborne interview John McCain today in Des Moines, IA. Here’s an excerpt from an the interview…
Claiborne: Senator, what happened, what went wrong yesterday, why did the rescue plan not pass do you think?
McCain: I’m glad you call it a rescue plan. The people who voted against it called it a bailout plan, and obviously there was a belief that this was on behalf of Wall Street and not Main Street. The fact that…many constituents weighed in very heavily with members against this because of their perception that it was a Wall Street bailout. They’re very angry at Washington insiders and Wall Street. We made some progress, we need about twelve or thirteen more votes, I’m confident that we can do that. We have to, I mean, there’s too many Main Street enterprises and families who are at risk here.
Claiborne: What do you do now? What does Senator John McCain do now to get the process, to get in the arena as you put it yesterday.
McCain: We’ll stay in the arena, stay in communication with my friends. I was talking to the president this morning, and I recommended that the treasury exchange stabilization fund be used, that’s 250 billion dollars that treasury has authority to use a trillion dollars to buy up mortgages, go ahead with that. And of course the FDIC, a 100 thousand, raise it to 250 thousand. Come up with ideas and thoughts that can make this more palatable. But at the same time, we have to convince our constituents that this is effecting the ability of the small business man or woman to get the line of credit to stay in business. And by the way, could I just mention, if we pass this, it stops the bleeding, but long term we gotta cut spending, we gotta lower taxes, we gotta keep people in their homes, we have to, a long way to go to get this economy rolling. Short term stop, stop the bleeding, long term recovery.
*****
Claiborne: Is you political fate, your fortune, your chances into this election now attached getting an agreement soon?
McCain: If it were, I would be very optimistic. I think we are going to reach some kind of resolution but I don’t want to tie my political fortunes to… The important thing is to work together for Americans today. I can’t frankly consider what effect this has on my political fortunes. I can’t consider that because America, families of America, working men and women of this country deserve our undivided and… support for an effort that is not colored by our political ambitions
*****
RSS
Twitter
Facebook
Unless I read incorrectly earlier today, Obama suggested the FDIC increase before JM even talked to the president.
If the acticle was correct, then ONCE AGAIN we are hearing lies from the JM camp……..
Obama rocks!!!
Posted by: jc | September 30, 2008, 3:26 pm 3:26 pm
Actually, jc, the House Repubs suggested the FDIC increase last week. Once again Obama is trying to take credit for an idea that he had no part in.
And, what did Obama say yesterday?? I believe he said “the fundamentals of the economy are strong”. Why isn’t the media jumping all over him for that?
Posted by: Liv | September 30, 2008, 3:33 pm 3:33 pm
McCain has no where to hide his face for for the collapsed bailout.
Why did he suspend his campaign and a
almost no-show at the debate!!!!
Posted by: FM | September 30, 2008, 3:34 pm 3:34 pm
It failed for lack of GOP leadership. If McCain can not lead the most devoted members of his party who want to see him elected; how in the world is going to lead this country?
Posted by: Paige | September 30, 2008, 3:35 pm 3:35 pm
Too bad John McCain didn’t give Obama the credit for the 250M suggestion for FDIC funds. Obama presented that today.
Of course his last paragraph is for sympathy because his BIG risk backfired.
Posted by: cindyct | September 30, 2008, 3:36 pm 3:36 pm
Poor McCain…he is totally bombing, the polls show Obama ahead in all polls by 2-6 %
Posted by: formerhillary | September 30, 2008, 3:37 pm 3:37 pm
The media isnt prepared to attack Obama for anything in the slightest. I have said for 8 months now that the media has corrupted itself more drastically than at any time in american history to basically campaign for one candidate.
Posted by: infoseeking | September 30, 2008, 3:41 pm 3:41 pm
FM…he was taking a risk that if the bailout passed it would make him look like a hero. I guess he forgot that a lot of his collegues have BIG ego’s and put their personal feelings in front of the good of the country.
Posted by: thetruth | September 30, 2008, 3:42 pm 3:42 pm
Liv,
Because once more they know, as does EVERYONE who BOTHERED to listen to Obama, that he said once everything is resolved then we have to make sure the fundamentals are sound.
How can some folks who post here manage to find the light switches in their homes? Oh, I forgot. They prefer living in the dark.
At least, when you transcribe your talking points, make sure you have a few that at least have some basis in reality.
What a ….. forget it. You guys are so silly and so blind that you will never ever get it.
Posted by: Kitty | September 30, 2008, 3:44 pm 3:44 pm
info…I guess you don’t watch FOX much. They are leaning so right, they are about to tip. Hannity and Cohen are the worst. You should watch them one night and have a good “feeling”….They have an Obama bashing every night…
Posted by: thegoodtimes | September 30, 2008, 3:44 pm 3:44 pm
Liv: the Obama quote is “We’ve got the long term fundamentals that will really make sure this economy grows.” So, essentially the same thing.
And I too heard the House GOP pushing for an increase in the FDIC last week.
Obama always tried to take credit for Hillary’s ideas too. We shouldn’t be surprised that he’s moved on the the Repubs.
Posted by: Jacqueline | September 30, 2008, 3:46 pm 3:46 pm
infoseeking: did you ever, ever consider that Obama might not give the media stuff to attack ? the media certainly wasn’t gentle with any of the other Democratic candidates, but you probably didn’t notice, because the most skilled, the most intelligent, the most compassionate candidates was… **gasp** Black.
Posted by: Sevres Blue | September 30, 2008, 3:47 pm 3:47 pm
Kitty,,,you must be blind if you blame this in the Dems. The Rep have been in office for 8 years. Plus, McCain is the biggest deregulator of them all.
Posted by: thegoodtimes | September 30, 2008, 3:47 pm 3:47 pm
Obama didn’t say that; he clearly said the fundamentals of the plan would work long term. Get out of here with silly lies please.
Posted by: PoliticsAsUsual | September 30, 2008, 3:47 pm 3:47 pm
What can you do about folks who willingly misinterpret the facts? Folks who actually believe John McCain did ANYTHING for the country rather than his campaign, anyone who believes he did anything but muck things up, well, I have a bridge to no where to sell you.
And Liv, Obama never said what you claim he said in the context you would like to have us believe he did. He was talking about the future, about what would be the next steps to ensure the fundamentals remain strong.
The fact you are doing the Republican dirty dancing with the facts is probably the reason you can’t find the lie being reported by anyone other than ‘outraged’ republicans.
Posted by: Deidre | September 30, 2008, 3:48 pm 3:48 pm
Jackie…Obama is confering with Clinton all the time. It is called teamwork, unlile the Reps who would rather voice their own punitive ideas of feeling “hurt”. What a bunch pf babies. Try living in a house with no heat, no lights and no food…
You are all an insult to people who are going under…
Posted by: taxing | September 30, 2008, 3:50 pm 3:50 pm
No, no, you misunderstood or I miscommunicated. The point I was trying to make is the Liv was quoting Obama out of context to make him look as silly and ignorant as McCain…it is the old Republican trick to bait and switch.
This fiasco lays at the feet of the Republicans and their ‘Messiah’ John McCain, who tried to part the waters and turn the water to wine, but just got wet and.
Sorry for the confusion. I can’t read these silly interviews with McCain with a straight face anymore, or read the equally silly posts of Republicans desperately trying to defend him–usually by spreading lies about Obama.
Posted by: kitty | September 30, 2008, 3:51 pm 3:51 pm
Don’t forget that House leadership also failed to get some of their most important members to support the bill. Some of Frank’s own committee members bailed. Frankly, the Dems could have told the Reps to pound sand and pass the bill they wanted, so it’s dishonest to blame all of this on McCain.
Posted by: professorx | September 30, 2008, 3:53 pm 3:53 pm
It’s interesting to see that the Republicans are blaiming all this on the Speakers speech before the vote. I guess this means that Nancy Pelosi has more influence with the Republicans in Congress than does John McCain. If he can’t ralley his own party to support a bill proposed by their own party president, how impotent is he?
Posted by: greg | September 30, 2008, 3:55 pm 3:55 pm
We finally now understand what John McCAIN means with his new Campaign slogan ””COUNTRY FIRST””.
His behavior demonstrates that what he means is that if his campaign appears to be going down, he is willing to take down the entire country first!
Posted by: Truth Matters | September 30, 2008, 3:56 pm 3:56 pm
Wow … there are some very bitter people on this board who need to take a deep breath and actually think for themselves, rather than blindly swallow what the media feeds them.
Posted by: DJ | September 30, 2008, 3:57 pm 3:57 pm
KITTY….sorry, I get you now….You are so right….The way it looks now is that Obama will be our next Pres., THANK GOD…
McCain blew his only chance to grab the WH….
Posted by: thegoodtimes | September 30, 2008, 3:58 pm 3:58 pm
Vote them OUT NOW. Everybody who attempted to pass this bill was robbing YOU and giving your money to criminals who were already caught stealing from YOU!!! Vote them out NOW! And don’t let up on Obama OR McCain for pushing this HELL on the American people!!! Conact your reps. NOW and STOP this, it’s coming back in the Senate AND the House! Call, email them NOW!!!
Posted by: hmn | September 30, 2008, 3:58 pm 3:58 pm
taxing …. it’s not Jackie. I meant what he did to Hillary during the primary, not all the ideas and platforms that he has lifted since being anointed the chosen one. And yes, I am still bitter about the primary and I am still on the fence about where my vote will go, as many Hillary supporters are.
Posted by: Jacqueline | September 30, 2008, 3:59 pm 3:59 pm
DJ…I think most people here are pretty informed. They just put their own spin on it. The only thing we are bitter about is why Bush is letting the oil companies and CEO’s of Corporate American become millionaires on the backs of the American workers. Even our VP, Cheney, will walk away a millionaire from his dealings woth Hallabertin…no wonder he smiles all the time!!!
Posted by: formerhillary | September 30, 2008, 4:01 pm 4:01 pm
Obama supporters: Please refrain from calling everyone else “liars.” Did the Obama campaign tell you to use that word? Just because you disagree with something doesn’t mean it is a lie.
Here’s an example of a lie: a lie is like Obama telling everyone he was never a citizen of Kenya, until the other day, in the midst of the economic crisis, his own website reveals he was born a Kenyan, and remained one until age 21.
Posted by: tina | September 30, 2008, 4:06 pm 4:06 pm
Hmn…. Without the funding bill, wall street droped 1 trillion 400 billion yesterday. This loss in equity was about a trillion more than the initial paydown fron the proposed bill. Unlike the debt, this is actual equity loss to pensions, equity funds and anuniety funds. My retirement plan has dropped this year from $39,000 to $24,000 before this drop. Basically I’m back to where it was in 1999. I’m a real estate appraiser, not a fat cat wall street investor. Without confidence in the market, the money that’s left will bolt. Credit will get even tighter which will create funding problems for businesses. A major tire plant is near here which has a revolving line to pay their payroll and raw material expenses. If that is shut off, they lay off. Credit card interest is tied to the LIBOUR rate. After yesterday, it was raised from 2% to 3%. That will drive up your credit card rates. Any congressmen who voted against this is either stupid or spineless. I’m afraid they are both and don’t deserve to be reellected.
Posted by: Greg | September 30, 2008, 4:08 pm 4:08 pm
Only read this if you want to know the truth about taxation.
Obama says he will not tax 95% of the population. That’s probably true, if you are talking about income tax alone.
What isn’t stated is the indirect effect of taxing corporations. If corporate “loopholes” are closed, corps will pay more tax. Great … maybe they should, maybe they shouldn’t. But here’s what is never stated. Guess who owns the corporations? It’s you and me. We own them through stock holdings. We own through our 401k mutual funds. We own them in that they provide a place for us to work and generate our income (that will not be taxed, unless you are fortunate to be in the top 5%).
So if corp tax is raised, corporations will generate lower income, which means less dividends to you and me. To maintain the same level of profit and dividends to you and me, corps have to raise prices, meaning we all pay, not just the top 5%.
If corps can’t do either of these, jobs are lost or the corps move to another country (see China, India, and now Brazil).
Please do your research. Don’t blindly drink the kool-aid. Taxation on the top 5% is a noble concept, but the truth is that increased corporate taxation will affect every one of us, through reduced dividends, lost jobs, and higher prices.
It’s basic economic theory. The best way to grow the economy is to lower taxes to stimulate expansion (purchasing power), on both the personal and corporate levels.
Posted by: DJ | September 30, 2008, 4:18 pm 4:18 pm
Refrain from pointing out that someone is lying when they are? And there are lies of omission, like when you deliberately take a sound snippet out of context and portray it as representing it does–it is a malicious attempt to mislead by distortion.
I think it is time to start calling it what it is–just because most of the lies come from the right isn’t my problem.
Posted by: Kiwi | September 30, 2008, 5:01 pm 5:01 pm
Obama has cornered the “selling the soul” market. He prefers that you don’t
read the fine print; he will, however,
sell you a fine home even if you can’t
afford it: it’s a little south of here; just sign on the dotted line.
Don’t worry about the details, because
the devil is always in the details for
you. If it all comes crashing down, don’t worry, Congress will just write
another check. Don’t pay any mind to the
man behind the curtain. If someone else
tries to tell you different, just call
them “liars”. That will end the conversation real fast. Now Congress
better hurry up and sign that bill on
the dotted line. Obama and Pelosi are
giving a party, and they are serving
kool-aid. (don’t get your panties in
a twist – just having some fun -
you know, like everyone else.)
Posted by: kb | October 1, 2008, 3:25 am 3:25 am