(CNN) - McCain senior advisor Mark Salter told reporters Wednesday that the Arizona senator’s decision followed two days of discussions with colleagues on Capitol Hill, who told him that the bailout plan from Treasury Secretary Hank Paulson faced an uphill fight.
He also said that McCain called President Bush today and told him of the plan, but would not characterize the president’s reaction to the proposal.
The McCain campaign will suspend airing all ads and all campaign events pending an agreement with Obama, as well as planned fundraising activities.
He added that McCain would take part in the debate as scheduled if Congress reached agreement on the measure by Friday morning.
(Updated to reflect McCain campaign announcement fundraising activities will be suspended)
He just asked Obama's campaign to cease all political ads in the meantime.
Now it's just getting ridiculous.
Oh, this is nothing more than John McCain grandstanding! Call off the debate?!! No way!! Have the debate Friday night and hash this out right in front of the American people! What is McCain afraid of? The fact that he doesn't know that much about the economy? The fact that Obama has finally started to take the lead in this election? This is the perfect opportunity for these two candidates to show the American people just what they are made of! Has anyone thought about the fact that McCain is being outspent and by suspending his campaign he's going to have tons of money to spend later? This is nothing more than a political ploy to try to move the electorate to his side!
Is McCain calling a time-out?
Time to go for the jugular, he is weak
Don't let him fool you . . . .
McCain understands country first. Take notes Obama on what a real american is.
So.....what's it gonna be?????????? This type of managment skills resembles what has gone on with Wall Street over the past 7-1/2 years !!!
Washington is waiting for the Big Financial Leader, the Oracle of the Economy : John McCain! What a joke.
This is NOTHING but a huge political play by the McCain Camp. Don't fall for this mess, Americans. It is McCain and the other right-wing Republicans fault that we are even in this economic mess to begin with. NO...the debates should go on!
This is such a Rovian ploy...Obama calls at 8 a.m. to ask for a joint statement and McCain takes all day to come up with 'Oh I know, let's postpone the debate!' I call BS on this one. Obama shouldn't fall for this, stick with the debate schedule and multi-task as usual. (Oh I forgot, McCain doesn't know how to use the Google so he can't keep up with Congress..)
So....he doesn't want Obama to 'practice' in Florida – hoping to leave him unprepared for Friday night. Sounds like Rove is in the middle of this again.
That's it...I just changed my vote to Obama.
RAILROADING!!!! Holding American voters hostage. McCain is totally manipulating this situation. He doesn't want to debate because he knows we are spending $5000 per second in Iraq. The GOP has known this crisis was on the way for months. Let – tail between is legs,McSame – suspend his campaign perminately so we can get to the bussiness of fixing this GOP mess!
PLEASE... THIS IS NOT UP TO YOU.
IT'S LOOKS LIKE HE IS NOT READY FOR THIS DEBATE. BETTER RUN AND RIDE WITH THE CROWD.
McCain doesn't want to debate. Simple as that. He only wants town hall meetings with planted questions.
OHHHHHH, GOD HELP US! WHO IS CONTROLLING WHOM?
A Prersident needs to be able to handle multiple issues at once. The campaign and debate should go forward and the candidates should be able to handle both the debate and the economic problem.
Why does the bailout money have to go to financial insitutions? Why can't this money be used directly to keep homeowners in their homes. And why ca't the money be used to help former homeowners who have jobs but need a home to get a brand new start at homeownership. This to will cut down the bad debt and stimulate the housing and banking at the same time. Why can't the inventory of foreclosed homes be reduced by helping family own homes again by selling them these home at reduced prices and making them unable to borrow on the home for a amount of years to be determined. Why does the rich have to benifit from the bail out and not the American people directly?
I had a strange feeling that something like this would happen.
*shaking fist at McCain*
Why I ought'a'....
Unbelievable. It's not enough that Palin is running away from the media, now McCain is afraid to face the music? Do they think they'll win the election on scripted speeches and sleazy ads alone? Why are they so afraid? If their idea of democracy is to hold the people hostage, GOODBYE MCCAIN/PALIN!!!!!
Obama initiated the call to McCain at 8:30AM asking for a joint statement, but McCain went to TV 6 hours later pretending that the idea comes from him. Where is your honor McLiar?
The debate must go one. Get ready McBush! The repugs are killing this country with their economic mess!
On the surface, John McCain's suspension of his campaign seems noble . . . .
. . . . but it leads one to wonder – did he do it from his heart, or because he has NO BLAZING IDEA what to do about the economy (and at least he can piggy-back off of Barack if they make a joint statement)?
Glad one of them realizes that they are looking to be the President of the country and not just looking for the fame. Mr. Obama literally makes me sick sometimes with his ego. Country first is not just a slogan, “I would rather lose an election than see my country lose a war” also not just a slogan. This decision today is right in line with putting your country first.
As a McCain supporter, I have to say this election is just as important as the financial crisis. I think they can work on the financial situation together and still have a 2 hour debate. Postponing is a bad idea...
sounds like McCain has ulterior motives. why suspend the debate?
Great! Just what we need....a President who can't multi-task.
why does he want out of this debate so badly – did they tell him he couldn't use his note cards???
Trooper gate full speed ahead,Rick davis still getting money from fany-mae upto a month ago,John mCsame looking weak,no wonder he want's to postpone the debate, if Obama is as smart as people say he is he will make this work for him,byadressing the nation Friday,night with or without John MCsame.