Breaking: John McCain Suspends Campaign to go to Washington for Bailout Debate

He’s challenging Obama to suspend his as well because, as McCain said, first and foremost they are senators and their constituents elected them to do their jobs. This is a national crisis and at this point the Paulson’s proposal is struggling in Congress, so it’s time to put the campaign on hold and do the right thing. McCain is also asking the debate commission to postpone Friday’s debate.

So, what will Barack Obama do?

Here’s the story from the AP. A portion:

In a statement, McCain says he will stop campaigning after addressing former President Bill Clinton’s Global Initiative session on Thursday and return to Washington to focus on the nation’s financial problems.

McCain’s motto is Country First. This is a man who talks the talk and walks the walk. I’m very proud of him.

Update: Obama went on camera a few minutes ago and said that he will not suspend his campaign and will show up at the debate because presidents need to be able to multi-task.

Right.

Well, Senator Obama is not yet president. He is still the junior senator from Illinois, a position for which he is still being paid. This just goes to show that Senator Obama didn’t run for the senate seat to be a senator; he ran for the senate seat to run for president. He has decided that running for president is more important than doing his job.

Lorie adds: Here is McCain’s full statement:

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John McCain’s Remarks on the Economic Crisis
New York, NY
Wednesday, September 24, 2008

America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees. If we do not act, ever corner of our country will be impacted. We cannot allow this to happen.

Last Friday, I laid out my proposal and I have since discussed my priorities and concerns with the bill the Administration has put forward. Senator Obama has expressed his priorities and concerns. This morning, I met with a group of economic advisers to talk about the proposal on the table and the steps that we should take going forward. I have also spoken with members of Congress to hear their perspective.

It has become clear that no consensus has developed to support the Administration’s proposal. I do not believe that the plan on the table will pass as it currently stands, and we are running out of time.

Tomorrow morning, I will suspend my campaign and return to Washington after speaking at the Clinton Global Initiative. I have spoken to Senator Obama and informed him of my decision and have asked him to join me.

I am calling on the President to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself. It is time for both parties to come together to solve this problem.

We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved. I am directing my campaign to work with the Obama campaign and the commission on presidential debates to delay Friday night’s debate until we have taken action to address this crisis.

I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to achieve this is temporarily set politics aside, and I am committed to doing so.

Following September 11th, our national leaders came together at a time of crisis. We must show that kind of patriotism now. Americans across our country lament the fact that partisan divisions in Washington have prevented us from addressing our national challenges. Now is our chance to come together to prove that Washington is once again capable of leading this country.

Kevin adds: Video of the announcement…

Lorie: Bob Owens likes Ray Robison’s idea about sending Sarah Palin to Friday’s debate in McCain’s place. That is a fun scenario to imagine, but McCain’s foreign policy debate is probably the best forum he will have to talk to the American people on his strongest issue and I can’t imagine him giving that up. I will be surprised if he doesn’t show up if the debate does go on as planned. I can see him whisking in at the last minute on his plane. Maybe he should have Palin ready to stand in, just in case.

I just watched Barack Obama’s statement on McCain’s decision to return to DC and to suspend his campaign and have a couple of observations. First, it seems pretty ridiculous for Obama to argue that he won’t suspend his campaign because presidents have to be able to multitask, considering everytime a hurricane approaches Democrats expect George Bush to fly in to oversee the cleanup. Second, it is now impossible for me to listen to Obama without hearing every “uh” and “ah.” It is maddening. Before people started joking about the “Wizard of Uhs” I didn’t notice them so much, but now it seems he “uhs” and “ahs” every other word when not on teleprompter. I didn’t count them, but there had to be dozens in that one statement this evening alone.

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