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Bush Invites Obama to DC to Work on Bailout Bill; Obama Accepts
September 24, 2008 8:06 PM
ABC News has learned that President Bush called Sen. Barack Obama, D-Ill., this evening and invited him to participate in a meeting about the Wall Street bailout bill tomorrow afternoon in Washington, D.C., with other congressional leaders, including Sen. John McCain, R-Ariz.
Obama accepted the president's invitation, a source tells ABC News.
The invitation comes at an interesting time. The president has not been in the middle of negotiations with Congress, leaving that task to his Treasury Secretary Henry Paulson.
McCain earlier today announced he was suspending his campaign -- and his participation in the first presidential debate Friday night -- in order to return to the Capitol to work on the flailing bill. McCain's move has been denounced by Democrats and political observers as a political gimmick, though the McCain campaign insists the senator is trying to put politics aside to solve the stalled legislation.
Bush's move could be seen as an attempt to aid McCain's gambit by creating a presidential-level meeting where the Arizona Republican is present.
Obama still intends to attend the debate Friday evening.
- jpt
September 24, 2008 | Permalink | Share | User Comments (420)
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Not much to say other than "I LOVE OBAMA" and from the very beginning I knew he would make it, no doubt about it!!!
Posted by: Tina Hassan | Nov 6, 2008 2:19:11 PM
McCain ducking the debates? HELLLLOOO...he's been asking Obama to do them for the past several weeks - now all of a sudden it is SO important that we have this one on foreign policy in the midst of an economic CRISIS. Grow up Obama - stop playin your politics - you're playin with the BIG boys now.
Posted by: Betsy | Sep 25, 2008 6:43:11 PM
The housing problems where all started by the 1994 home equity bill pass by congress and all the lupoles in it that allowed this type of loans not to mention the push by a certain congressman that said if the banks din't loan to low income people that it would be discrination !!!!
Posted by: E Rush | Sep 25, 2008 4:28:00 PM
John McCain and Barak Obama have their own strengths and weaknesses.
Some of you are acting like Obama and McCain have to be superhumans...they are just like us.
Their both only human, accept the fact they even have weaknesses, we do and you dont see us publicizing them and ridiculing each other for them.
You can have fun playing your blaming game, I will be too busy enjoying my life, like most Americans should be doing.
Posted by: Phil S | Sep 25, 2008 4:27:03 PM
I agree with EJ Pearcy but I have something to add for all the people who criticize any candidate.
If you think they are doing such a horrible job, why dont you do it?
This country is fair enough, anyone has the opportunity to become president, so if you think McCain is an idiot or Obama is an idiot then how about you run for president?
I personally dont care about whos gonna be our president, but of course this is something you would expect to hear from a junior in high school.
Posted by: Phil S | Sep 25, 2008 4:03:02 PM
War is peace – America (and other countries) must go to war to protect the peace
Freedom is slavery – “Freedom” is enjoyed within the system by those who obey it. Otherwise get out of the system and live in the Third World or war zones
Ignorance is strength – The people must be lied to, information must be kept secret and critics quite, in order to protect and strengthen the war effort
Not exactly the Orwellian interpretation but close enough.
Posted by: Ed | Sep 25, 2008 3:59:39 PM
We seem to be feeling very impotent while the red and blue puppets of our own military industrial complex, bankers take over what was not so very long ago a government "of the people for the people, and by the people".
Now is the time for WE THE PEOPLE to take to the streets of our great cities and Washington, D.C. to take back our country. They did it in Poland, Chechoslovakia, Romania; and almost did it in Tianament Square, China.
Never before in United States history has it been so very obvious that both the red puppet and the blue puppet are dancing on the hands of the same puppet master.
Either WE THE PEOPLE throw off the oppressive yoke of those super felons; or we may as well ask our master's what they want us to do next, how high they want us to jump, and whether they think we should have food on our tables or not.
Posted by: E.J. Pearcy | Sep 25, 2008 3:28:43 PM
The republican mantra of ”All is well” blew up in McCain’s face recently. You would think that everybody would call him on that, there isn’t really much left there to pretend that his policies will be anything than a continuance of Bush’s, and Sarah Palin (who is quite likely to become president if McCain wins) seems to be the stuff nightmares or bad jokes are made of. But I guess that some people are just too blindsided by the Bush era, or maybe God or whatever irrelevant BS that keeps their minds blank and shiny, while they are being screwed from all directions by those in power. “I guess it’s hard for people that have taken authority as truth, rather than truth as authority.”
Posted by: Ed | Sep 25, 2008 3:20:59 PM
Jake is a bit partisan in this article. Why did he spell out Obama as being invited but not McCain.
Posted by: Matt | Sep 25, 2008 12:37:31 PM
Granted, without the war our nation would be better prepared to dealing with this mess, however its not the war that caused the slumping housing market, bank failures, and market instability. That was caused by greed, corruption, deregulation, by all parties involved, CEO's, Republicans, Democrats, Mortgage companies, and banks. Don't turn this into an anti-war discussion.
Posted by: bravo | Sep 25, 2008 12:02:34 PM
bravo,
I would have thought that starting a trillion over dollar war that bleeds America more then twelve billion dollars per month would contribute to the huge mess right now, in addition to terrible economic policies.
Posted by: Grey Matter | Sep 25, 2008 11:51:02 AM
What evidence do you have that this is Bush's "Mess", When Clinton came out this morning and admitted that his loosening restrictions on loans in 1999 probably was a cause.
Posted by: bravo | Sep 25, 2008 11:42:17 AM
"I am so glad our next President is getting advice from an expert."
Yeah one of the guys that helped get us into this mess. Franklin Raines, and walked away with a cool 50 Mill. Nice!!
Posted by: Beecho | Sep 25, 2008 11:11:29 AM
"Bush should do the decent thing and resign. McCain should suspend his campaign and let Obama take charge. That is the best way to get this mess cleaned up. Bush/McCain can do a lot of damage in the next four months."
Wow, ignorance is bliss... Considering it wasn't Bush/McCain who got us into this mess and it was them who actually tried to get us out of it on 2003 and 2005 with regulatory acts. What a ignorant comment to make.
Posted by: bravo | Sep 25, 2008 11:07:57 AM
Neo,
McCain is not even on the Senate Banking Committee. He won't even be allowed in the meeting until this finish everything.
At worst, he'd just complicate things. What people should be doing now is to hear his take on foreign policy. He can fly to DC easily, he's got a campaign plane, I believe.
Posted by: Grey Matter | Sep 25, 2008 10:02:07 AM
KROFT: Why you? I mean, why do you think you would be a good president?
OBAMA: Well, I was going to get to that.
KROFT: Go ahead.
OBAMA: You know, I’m a, I’m a practical person. One of the things I’m good at is getting people in a room with a bunch of different ideas who sometimes violently disagree with each other and finding common ground and a sense of common direction. And that’s the kind of approach that I think prevents you from making some of the enormous mistakes that we’ve seen over the last eight years.
Isn't this exactly what John McCain is doing ?
So it now takes an invitation from the President to get Obama to join in the discussions .. LOL
Posted by: Neo | Sep 25, 2008 9:46:00 AM
Obama says he sees no reason why he can't attend the debate and fly to DC.
Now, the first debate is on foreign policy. Who does this affect? The troops in Iraq and Afghanistan. Senator McCain, you know, there are people right now wearing the uniform the United States ducking enemy fire. Do THEY get a time out?
Shouldn't people deserve to hear your take on foreign policy? That's your OBLIGATION as a candidate. You are NOT the President right now. If you were the incumbent, that's one thing. But you're not. You're not even on the Senate Banking Committee, and you said the economy wasn't your strong suit.
How much can you help?
Posted by: Grey Matter | Sep 25, 2008 9:20:05 AM
BKMC wrote:
"We all know that McCain was born in the Panama Canal, please read his birth certificate if he has one at all. This is the time to send him back to Panama where he came from many years ago."
How dare you question the citizenship of someone born in a military base to a active military outside United States. The fact that you and the media ever brought it up, it was a shame shame shame, to you the ignorant and conceited.
My children were born in the military base in Asia, do you think they have no birth certificates?
Posted by: Hanna T | Sep 25, 2008 9:19:35 AM
I wonder if Obama will vote "present" at the bailout meeting? Obama decided to accept only AFTER McCain said he would. Obama...YOU have to do more than one thing at the time. Put youself second to the country's needs right now, OK?
Posted by: MacDVM | Sep 25, 2008 8:42:07 AM
marylou,
Obama didn't want to inject presidential politics in it and end up stalling the bail-out plan, as Chris Dodd said McCain's presence could.
Now, if McCain was so concerned about the economy, why is it the committee says has not heard from him at all, but has heard from Obama?
Posted by: Grey Matter | Sep 25, 2008 8:41:01 AM
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