Seems he is trying to gain more blue collar and executive type support.

Interesting move, but I dunno... but it is Presidential to try to tackle a possible black friday event.

It's asinine.  He should have just gone back to Washington and yakked to them AS PART OF HIS CAMPAIGN TO GET ELECTED PRESIDENT.  Or is he acting as Senator from Arizona to establish the powers of the Obama Administration?

I don't want a bailout anyhow, and I feel sure nobody is spinning their wheels waiting to hear from McCain.

Isn't congress on vacation?

your text ain't piratised

indeed!

'and a bottle o' rhum!

Still, I stay by my non-pirate take: McCain is right to push on the bipartisan skills, he can seriously score there, but should not have tried to fry Obama at the same time.

(Kind of like what happened with the Palin's plan: works brilliantly, so don't let strategists try too hard to link it to Obama, stoopids!)

Golk
you hit it spot on, with the idea that obama knows they have to get foriegn policy in right now
exactly why this coming debate is now on foriegn policy, as McCain and Obama agreed to it, don't know why mccain agreed to it, i would think they're smart enough to keep the big blows at the end, and foriegn policy is mccain's big blow, possibly his only big blow

also Golk, it would've been hard for the idea to work either way, regardless of how he put it or timing, because media was just guna pick at it, and pick at it and pick at it, because frankly they wouldn't have much bigger news for quite some time and even they did, they'd still squeeze in some time to pick at it

and Einstein, how does this shoe him aiming for more blue-collar workers, please explain ..

We should do nothing and let recession smash some crooks.

I would like to know though....

what is the criteria for bailing out certain companies and not others? is it purely by lobbying power? connections to the white house (aka cheney)? why are some financial institutions getting left out and some getting covered?

why isnt there an investigation? When Enron and other companies did exactly the same thing (pumping up stocks...making investments look good to clients when they knew they were crap) they got prosecuted....no bail out. But THIS time around, there are blank checks and pardons.

why does the white house want to give a blank check and not put in any provisions for the companies to pay back the money when they get back on their feet? why is there no call for regulation (Bush cut back the cash for regulators) increases?

A bail out would be a bad thing for the economy. However, if the bill passed with provisions that the companies had to pay back the loans over a 30-40 year time frame....people would see it as a bump in the system.....not a "oh crap, we're screwed so hard the government has to flood the market with cash to keep things afloat".

@TMK

You're sorely misinformed.  The FBI has already begun an investigation into Freddie and Fannie.  Enron was a scandal and the economy wasn't going to go spiraling downwards because of it.  However, these are large financial institutions that are failing.  I would've agreed with Yell if it was just one institution that had failed, but these are 4-5 large institutions.  Imagine the backlash from letting all of them fail.  We could see the financial breakdown that helped spur the Great Depression.

And they are still working on the entire plan.  I expect a lot of concessions to be made to make sure the economy will at least avoid a breakdown.  In my opinion, I would rather have the government takeover those institutions and dissolve/sell them.

Justin, i couldn't dis-agree more

It was a very smart move.
- I agree FULLY, BUT it wasn't played right, t wasn't played with the situations in mind either

It makes

1. Obama frustrated. He planned and prepared for Friday. This increases the chance of him going ballistic and messing up, and gives McCain more time to prepare.
- you do understand the debate is still going on right? unless mccain doesn't show up.. the co-ordinators have said it's going on, obama has said it's going on, mccain has invited obama to say no -- but obama countered by saying, i'm going to washington(he's going tomorow with mccain) and then i'll be back for the debate becuase we can multitask and america deserves answers

2. It makes Obama look insignificant.
- remember that, obama is still going to washington, you know you can do both right? and i personally believe that the counter, that it is all politics, and that mccain just wants to get away from the issues, as they have been hitting hard on that already --- is a great counter for this situation and with the media hitting on that too, it should resenate

3. It makes McCain look like he's concenred.
- yes that's the one good aspect of it, IF he had played his cards right but i don't think he did
30 minutes later, obama came out and said he initiated the call(expect him and democrats to repeat this over and over again) and he said, he talked with mccain, they agreed that something needed be done, obama proposed a joint statement from the two campaigns, obama then said something that i understood to be: him saying that he understood they were going to release the joint statement first and then have the campaigns decide further, but then he was shocked when he went to his hotel to find mccain suspending his campaign

supall,

there has been an investigation into two people....thats it. Who CONFESSED to screwing over investors and playing with their companies money...

what about the other guys in other companies that did the SAME DAMN THING???