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Reid to McCain: Don't Come Back to Capitol

September 24, 2008 5:14 PM

A Democrat tells ABC News that, in a phone call late this afternoon, Senate Majority Leader Harry Reid, D-Nev., told Sen. John McCain, R-Ariz., that it would NOT be helpful for him to come back to Washington, D.C., to work on the Wall Street bailout bill.

McCain this afternoon suspended his campaign and said he would skip the first presidential debate in order to return to Capitol Hill to work on the log-jammed Bush administration legislation, which, as of Wednesday afternoon, was in peril.

McCain had phoned Reid to ask about the prospects of him, Sen. Barack Obama, D-Ill., and others to sit down and work together on hammering out a bipartisan proposal.

"Sorry," Reid said to him, a Democrat close to Reid says.

Reid then read McCain the statement he had just put out: "This is a critical time for our country," says the Reid statement. "While I appreciate that both candidates have signaled their willingness to help, Congress and the administration have a process in place to reach a solution to this unprecedented financial crisis. I understand that the candidates are putting together a joint statement at Sen. Obama’s suggestion.  But it would not be helpful at this time to have them come back during these negotiations and risk injecting presidential politics into this process or distract important talks about the future of our nation’s economy.  If that changes, we will call upon them.  We need leadership; not a campaign photo op. If there were ever a time for both candidates to hold a debate before the American people about this serious challenge, it is now.”

A source close to Reid said McCain didn't have much to say after that. Reid, the source says, thinks McCain's maneuver is a gimmick born from bad poll numbers and the fact that "debate prep must not be going very well."

- jpt

UPDATE: McCain senior adviser Mark Salter emails: "Yesterday, Harry Reid said that consensus couldn't be achieved without John McCain's leadership. John stepped up and is providing that leadership. Now Senator Reid seems to have changed his mind for reasons we'll let him explain. But what he should understand is that this isn't about Harry Reid or John McCain or Barack Obama. It's about the American people and, in the words of Warren Buffet, the financial Pearl Harbor they're facing. John's committed to doing his part to help avert that calamity. We hope Senator Reid is too."

September 24, 2008 | Permalink | Share | User Comments (718)

User Comments

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Why does Obama need to do so much prep, doesn't he have a clue. Obama preps for debate his is a great leader, Palin preps she is unknowledgeable.

We would certainly hate to see our elected officials doing their job! Obama is focusing on debate prep and is clearly not prepared to govern.

Posted by: ubu199 | Sep 25, 2008 10:05:43 AM

McCain asked Obama for debates for several months now and Obama said NO! Why would McCain be afraid to debate him now? Doesn't make sense! The left wing media are a bunch of idiots and it is no surprise that the ratings for NBC, ABC and CBS are in the dumps! As for NBC owned by General Electric is going down the drain as we speak...which speaks volumes to the people who want REAL UNBIASED information to base their vote on! It is unfortunate that truth is not what the main street media is about anymore and that is one of the reasons why there is so much racism and hatred going on in this country today! The message these idiots also pass on is no respect for our leaders, our neighbors, or country! So, it seems that truth, respect and honor have all been thrown down the drain during this election cycle! What a waste for a country that only a few short years ago,
had respect for each other, proud to be American, and truth was important! No matter who becomes POTUS, this country will never be the same...that is what the politicians and the media have done to this country..I hope they are proud of ruining the best country in this universe! Congratulation...to the losers!!

Posted by: mfmros | Sep 25, 2008 9:29:08 AM

CommonSense:
Federal Bailouts (so far):
$8,900,000,000 IndyMac
$30,000,000,000 Bear Stearns
$85,000,000,000 AIG
$200,000,000,000 Fannie Mae and Freddie Mac
on top of $9,000,000,000,000 debt and Bush is seeking $700,000,000,000 more to bail out the fatcats! wow
*******************
I have to remind myself, we did have
a surplus before he came into office
didn't we? He did get an MBA didn't he?

Posted by: spacerook1 | Sep 25, 2008 9:17:58 AM

I don't get it...everyone talks about Obama's ability to lead yet he has never been a manager of anything but a campaign. I look at my own job...If someone brought in a MBA student to be my boss because he/she has potential to be a great leader I would say "potential"? Leadership is not something that a person learns in a text book...it comes through trial and error that Obama has never gone through. It even shows in his statement about helping with the economic crisis "I will go to DC only if I can be helpful." What kind of garbage is that...his is a US Senator and he doesn't think that he can be helpful. That is where Obama's talk does not walk.
I can't believe people fall for him...it is honestly like watching Carter all over again.

Posted by: nick | Sep 25, 2008 9:16:57 AM

OBAMA IS LEADING! In the polls, in history, in new voter registration, in fundraising, in campaign management, by every metric possible! Conventional wisdom has always said that you can determine how a president will lead by observing how he leads his campaign and the decision he made in picking his vice presidential nominee! Obama/Biden 08, real leadership for a new generation! What a STELLAR campaign being run by an incredible young, American leader! Go OBAMA/BIDEN

Posted by: CommonSense | Sep 25, 2008 9:06:31 AM

The most significant change that Obama/Biden will bring to the White House is leadership that actually leads, by changing our government’s strategies and culture so that they have a better fit to the global economy. Obama has an excellent ability to shape a strategic vision of a realistic and attractive future that binds us together as Americans and focuses our energy toward super ordinate goals as a nation. Obama stands alone as the candidate who can frame messages around a grand purpose with emotional appeal that captivates the best in us. Transformational leaders not only talk about a vision; they enact it. They walk the talk by stepping outside the executive suite and doing things that symbolize the vision, the way that Obama performed during the primaries and the way he has run a STELLAR overall campaign. Obama stands alone as the candidate best equipped to demonstrate a Can Do attitude with an image of honesty, trust, and integrity. OBAMA IS THE BEST CANDIDATE FOR PRESIDENT OF THE UNITED STATES OF AMERICA! OBAMA 08; Yes We Can

Posted by: CommonSense | Sep 25, 2008 9:00:02 AM

Reid is a "PINHEAD". Not a leader, not a truthful person, not good for America!

Posted by: Bill | Sep 25, 2008 8:57:18 AM

Federal Bailouts (so far):

$8,900,000,000 IndyMac
$30,000,000,000 Bear Stearns
$85,000,000,000 AIG
$200,000,000,000 Fannie Mae and Freddie Mac


on top of $9,000,000,000,000 debt and Bush is seeking $700,000,000,000 more to bail out the fatcats! wow

Posted by: CommonSense | Sep 25, 2008 8:53:44 AM

Reid is wrong when something happens this important every member of congress needs to be there doing their job. McCain and Obama both need to do their job first campaign second.

Posted by: AnnD52 | Sep 25, 2008 8:43:07 AM

The goal can be accomplished in either of 2 ways: (1) The government can loan the money directly to the homeowners, as you outlined above; or, (2) The government can take controlling ownership in the financial companies, limit their compensation, and directly control the private sectors lending practices. Frankly, I think the better outcome is choice (1), that is, directly to the homenowners. Yet, it seems like the senate is heading toward the ownership route. The solution to the bailout problem is simple. GIVE THE MONEY TO THE HOMEOWNERS rather than the fatcats! BAILOUT THE HOMEOWNERS, NOW!!!!

Posted by: CommonSense | Sep 25, 2008 8:42:42 AM

If Bush truly wants to help the economy, he would use some of the $700 billion to help the struggling homeowners with their mortgages, which in turn would obviously help those companies stay solvent. Any help to the financials should be predicated on them agreeing to refinance the loans to help lower the monthly payments.

Then use some of that money to create jobs fixing the country''''s infrastructure, invest in education, etc., thus helping the American people directly. After all, it''''s THEIR money.

Why put ALL the money into the hands of the financials, the very people responsible for this mess? As it stands, this is nothing more than a corporate welfare scam on the back of the American taxpayer.

Posted by: CommonSense | Sep 25, 2008 8:40:59 AM

Just one more example of McCain''s rash way of handling things. Did he bother to check with the University of Mississippi to see if they would be able to reschedule the debate? No, he didn''t. And no, they can''t. They''ve spent $5.5 million dollars to be ready for that debate. You can imagine the logistics and security details that go into that kind of event, as well. And McCain just blows it off without even talking to them first. We vote in six weeks. This is no time to be messing around with the debate schedules. Now he wants to reschedule the VP debate, too! Is that what this is REALLY all about? A convoluted way to stop the Palin vs Biden debate? McCain does NOT have the temperament to be President, nor can he be trusted anymore

Posted by: CommonSense | Sep 25, 2008 8:39:07 AM

McCain is apparently important to this legislation for the bailout but I think he is pandering for political gain by suspending his campaign and foregoing the first debate. This whole thing is terrible for the American people. We as a collective are not an insurance company or a garbage dump but Wall Street has successfully defecated on us all.

Posted by: Bob | Sep 25, 2008 8:37:26 AM

Reid, Reid??????? Oh yeah that old windbag who just the other day went to the microphone & said no democrat would vote for the bailout without John McCain voting for it!!! CAT GOT YOUR TONGUE GEEZER!!! Be careful what you wish for!!! CHECKMATE!!! LMAO

Posted by: lovingpolitics | Sep 25, 2008 8:36:41 AM

John McCain and Linsdey Graham got it wrong! There is no greater honor than running for President of the United States of America (the POTUS). Erratically suspending your campaign, breaking your agreement to debate this Friday, and running away from the POTUS to hide in your old job of 26 years, shows a lack of respect and total disdain for the competency of your former colleagues. Furthermore, it looks like you were un-prepared to debate, afraid that Obama was going to defeat you one on one, are unable to multi-task and abandoned the most important, patriotic honor anyone can hope to have, seeking the POTUS. Once again, you reject the will of the American people in support of your own erratic agenda. In your run for Senate re-election, your action is commendable. However, in running for the POTUS, your action is a gimmick and distraction, from both the work of the Senate as well as the Office of the POTUS. McCain, you are a distraction to both. Please take your Circus act, with all your lipstick, pigs, moose, 13 cars, 11 houses, 2 wives, power abusing, de-regulator, Phil Gramm nation of whiners, Rush Limbaugh, Sean Hannity, Bill O’Reilly, unwed teenage pregnancy, ethics investigation, stick the $1,000 rape kit to the victim in Wasilla, bunch on your Bridge Outta Here. John McCain, sit down and shut up!

Posted by: CommonSense | Sep 25, 2008 8:32:40 AM

The bottom line is this: it's fine if McCain wants to go to Washington to cast his vote on the bailout package, he should, and so should Obama. If the two candidates can lend a hand getting the bailout resolved, that's good too.

But neither candidate will play a leadership role in the bailout; there's a vast team working on it and ther bailout package is nearly complete.

McCain doesn't need to "suspend his campaign" to go cast his vote. That part is pure grandstand, a "look at me the great leader" political ploy.

If McCain hadn't made foolish and rash grandstand plays before this one, we might have bought it as a selfless act. But after his blustery, self-serving reaction to the Georgia/Russia conflict, and his reckless, self-serving choice of Palin, we see this "suspend the campaign" move as a political ploy.

McCain is politicizing the economy crisis for his own gain. Pretty obvious, and we aren't fooled.

Posted by: Andrew | Sep 25, 2008 8:32:32 AM

The solution to the bailout problem is simple. GIVE THE MONEY TO THE HOMEOWNERS rather than the fatcats! BAILOUT THE HOMEOWNERS, NOW!!!!

Posted by: CommonSense | Sep 25, 2008 8:31:59 AM

Basically, America has lost its farming base and its manufacturing base. Driving our economic growth for the last eight years has been the FINANCE BUBBLE, credit and mortgages, coupled with exotic derivatives and other risky financial instruments. We need a leader who can inspire America with a vision that results in Americans actually MANUFACTURING something of value for the world other than EXOTIC FINANCIAL INSTRUMENTS. OBAMA stands alone as the candidate taking us in that direction.
The solution to the bailout problem is simple. GIVE THE MONEY TO THE HOMEOWNERS rather than the fatcats! BAILOUT THE HOMEOWNERS, NOW!!!!

Posted by: CommonSense | Sep 25, 2008 8:31:14 AM

Let's think about this for a moment! These BAD mortgages are ones taken out by homeowners at the top of the housing bubble. Let's say an $800,000 mortgage at a time when the house had a market value of $800,000. But, since the housing bubble burst, the $800,000 mortgage, as an example, is now backed by a $350,000 house. Coupled with the bad economy (unemployment is up several percentage points), the homeowner lost their job and defaulted. Now, the government buys the bad mortgage, BUT, at what price? Does the government pay $800,000 or $350,000? It sounds like Wall Street wants the government to pay $800,000 for debt backed by a deflated $350,000 house. The only way the government could ever recoup its money and resell the stuff would be for another housing bubble to develop, which is not going to happen no more than another internet dot com bubble is going to happen. Wouldn’t it be better for the government to just pay off the homeowners mortgages, basically, through direct loans, rather than skipping the homeowner and giving the money to the financers. DUBYA/McCain/Failin philosophy is destroying America!

Posted by: CommonSense | Sep 25, 2008 8:30:14 AM

Reid is one of largest contributors for this mess! He needs to shut his mouth. He really should be in prison!

Posted by: Jim | Sep 25, 2008 8:24:09 AM

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