(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)
Doesn't this seem like McCain's trying to take a mulligan? His campaign is faltering so much and they don't want Palin being interviewed, that calling a timeout because of the "Bailout Legislation" seems like a desperate move to change the focus off of his floundering campaign.
John McCain is putting America first. Obama, Obama hellooo. Time to put country first and your ego second for a change. Hey I said Change!
Right! McCain wanted to pull another fast one on the American people, a gimmick that like he picked Sarah Palin to be his running mate. His campaign is going nowhere. After all, the Wall Street problem is not merely a crisis from random occurrence, but a systemic breakdown of government oversight. It is more than ever that it needs to hear what the candidates will say about how they will do if elected. A presidential debate cannot be delayed. Bring all the issues and solutions out in the debate, so that everyone can hear them and be able to make informed decision in November. I don’t think it is time to make deals in the backroom of the Congress.
McCain is a man of action while Obama is a man of inaction. I am glad that John McCain is taking this crisis seriously unlike Obamas.
Obama and Biden voted at least twice for the bridge to nowhere. i am not shocked but disappointed in their votes.
McCain will protect our country and our values. I am sure that Obama is risky and it is a roll of the dice if he will protect our values and our country.
At least one of the candidates places country before themselves, but we all knew that before. Thank you Senator McCain for possibly pausing the debates to take care of an economic condition that would put this country in a position not seen since the Depression.
The first debate is to be on foreign affairs which both parties know you excel at and Obama.....well Obama needs a few more days to prepare. No matter, Senator McCain will pick his bones clean on the topic whether it be Friday or in the near future.
Obama will get on the bandwagon as well so as not to look the selfish candidate we all know he is; me first than country.
mccain is right about this being postponed, this nation is in a crisis...obama if he cares about this country needs to wrap it up and get to washington as well.....since he is so good on the economy he needs to get to washington and fix the country.....but if he doesnt then i would suggest that he go ahead and continue with his campaign.....
It has nothing to do with what McCain says... the debate will go on, per what I am hearing on the every news channel from Ole Miss.
I am sure Johnny would like to delay being grilled about his record but it isn't going to happen... face the music, Johnny.
And now the White House is approving of McCain's actions... so... what else is new? The American public ALREADY knows that Bush/Cheney and Unstable/Unable are peas in a pod.
Just another political stunt by McSame, staged to somehow portray him as a champion for "the people." NOT. Please let's not be dumb enough to fall for this. He's now poised to outdo himself, after his last stunt in picking Caribou Barbie.
If in fact, he is unprepared for the debate on Friday, that becomes yet another joke since he's been bragging that he's been preparing in bits and pieces and chiding Obama for cramming this week.
I think the people that have to figure out how to get out of this mess can do just fine without McSame and Obama needing to be there.
It's 6 weeks until the election. Who we elect as the next President of our country is more important than the current crisis.
Just say NO to Bush 44 and Caribou Barbie.
Ole Miss has spent millions (and stands to make some profit from the exposure as well) setting up this debate. If McCain really wants to help the economy, especially of one of the poorest states in the union, he won't stiff them by not showing up! This is a political stunt of the most cynical magnitude, and is just an attempt by McCain to slow Obama's momentum... which is ahead of McCain in all fronts! I call delay of game on McCain and penalize him 5 polling points for unsportsmanlike conduct!
With McCain behind by nine (9) points in the latest Washington Post / ABC News poll, I suppose I could see why he wants to delay things.
Time runs out on 4-November Johnnie, unless of course Fuerer Bush suspends the election.
Mr. McCain, just show up and explain to us what you want to do with our money. We need to hear you two debate our problems. You want to lead? Stand up, tell us why and how. You can take two hours out of your schedule to share your platform with us in a public forum. It is the very least we deserve.
Since John McCain is such an expert on economics and market regulation, I'm sure he will be a big help on this bill.
Rediculous, obviously this is a political ploy. He want to show leadership but he just makes a bunch rash decisions.
Take this into account. Obama camp calls McCain camp at 830 am to form a joint statement on the bailout. At 230 pm, McCain calls back and agrees to work on the details. Less than 5 minutes later, the McCain camp realeases a 5 paragraph statement saying he's suspending his campaign and calling on everyone to come together.
I call bulldoodie on that. Where were you a week and half ago when all this started? Oh yeah, you were saying the fundamentals of the economy are strong.
This is BS! There is no reason why any campaign or debates should be put on hold or canceled. A president should be able to multi-task. I think this is a strategic ploy...
You'e not foolng anybody McClaim!! You are not our Saviour,, Heck its People like you that put us in this mess in the first place
go to one of your 7 Homes and hide or See You Friday!
Obama / Biden 08
SEE? typical Republicans......... MY WAY or NO WAY! McCain should stop for ever his campaign............. WOULDN'T that be great news for the American people?, I'm talking about the REAL AMERICANS!
The Old Man does not want to confront Obama during this difficult time!
MC-CANE IS NOT READY! PALIN IS LESS THAN READY!!!!! THIS IS SAD! HE (MC CANE) CAN'T HANG! THIS ELECTION HAS TO BE OVER..
HANG IN THERE OBAMA..I KNOW THIS IS A NUSANCE. THEY RNC WITH MC-CANE ARE ACTING LIKE CHILDREN AND USING POLITICS TO PLAY WITH PEOPLE'S LIVES....
I'M CALLING MY REPRESENTIVES R-I-G-H-T N-O-W!!!!!!!! THIS IS BS!!!!!
Now That presidential. Obama we are waiting?
I Think its ok to go to Washington together and get involved. However, if both of them have been talking all day why is McCain trying to get credit for being the first to care when Obama called him first to try to decide on something together. McCain is using politics again to look like he has good judgement to run the country. Do not cancel the debate. Congress can continue their meetings with McCain and Obama on Saturday.
Is the McCain campaign running Obama's campaign now and tell them what to do and what not to do, that is above my understanding. I do not get it, because it does not make sens at all. A republican government, a republican congress and a republican government who has received 90% of the time McCain's vote have created this economic mess, this financial crisi and they have to pay for it. period. McCain the champion of deregulation has to face the consequences of his choice and his policies, the policies of the republican party. God save America from McCain. God bless America and God bless Obama.
Fire, ready, aim!!!! More of the same... Everything has to be on his agenda and time. Who does this remind us all of?
I'M CALLING MY REPRESENTIVES R-I-G-H-T N-O-W!!!!!!!!
McCain is runing from the debate and they are trying to keep Palin out of the spot light!!!!!!! P.O.T.U.S. is something that is too serious to put on hold. MCCAIN IS CRAZY AND THIS IS A PLOY TO KEEP HIS FALLING NUMBERS FROM FALLING MORE. SUSPENDING HIS CAMPAIGN WILL NOT MAKE THE 700B PLAN GO ANY SMOOTHER. HE HAS ONE VOTE AS A SENATOR BUT THE PRESINDENT HAS A LOUDER VOICE. Obama needs to keep the pressure on the slick GOP. They are hiding Palin and now they want to hide McCain. The GOP are weak and they are trying to pull a fast one. ELECTING A PRESIDENT IS MORE IMPORTANT THAN A MERE 700 BILLION DOLLARS. DO YOU KNOW HOW MUCH MONEY THIS NATION MAKES AND IS CAPABLE OF MAKING? VOTE FOR OBAMA 08 AND 2012.
Oh come on the real reason is that Obama says he WILL DEBATE! You know there is nothing you can do to help fix the economic problems.....you don't know much about economy! You are a sneaky lying little old man....Obama first privately called you to seek a collaborative effort to make a joint statement on the bailout.....you made him wait for hours then you called to say you agree and then you went to the press to usher a statement about suspending your campaign to make it look like you are being a great leader for the people when you know you are just doing it for political expediency! What a shame! Nothing has changed since you heard about this bailout.....the only thing that has changed is the public polling, you saw that you were losing and now you try to pull this fast one. THE DEBATES MUST GO ON!
CNN/ Please report the story right....Obama called John McCain at 8:30 am and ask him if he wanted to joint him in making a decision about the financial mess in congress. McCain did not initiated the conversation......However he did cancel the debate....odd huh....