September 24th, 2008
09:15 PM ET
6 years ago

CNN confirms: McCain, Obama to meet with Bush about bailout

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Pres. Bush has summoned Sens. McCain and Obama and congressional leadership to the White House to discuss his plan to bailout the nation's fianancial markets.
Pres. Bush has summoned Sens. McCain and Obama and congressional leadership to the White House to discuss his plan to bailout the nation's fianancial markets.

WASHINGTON (CNN) - President Bush has asked both Sen. John McCain and Sen. Barack Obama to join him for a meeting at the White House Thursday afternoon to discuss the economic bailout plan, a White House officials said.

"The President called Sen. Obama tonight around 7:30 pm," said Dana Perino, White House press secretary. "The president has invited the bicameral and bipartisan leadership, and the two senators running for president, to the White House tomorrow to work on driving to a bipartisan and timely solution."

Obama's campaign said in a statement that he has accepted the invitation.

"A few moments ago, President Bush called Senator Obama and asked him to attend a meeting in Washington tomorrow, which he agreed to do," the statement said.

"He has said that he will continue to work in a bipartisan spirit and do whatever is necessary to come up with a final solution."

A McCain adviser said McCain also plans to attend.

– CNN's Elaine Quijano and Dana Bash contributed to this report.


Filed under: Candidate Barack Obama • Extra • John McCain • President Bush
soundoff (951 Responses)
  1. JD in NC

    Amazing, after McCain pulls out of the debates, Bush calls them in.

    Convenient.

    September 24, 2008 09:23 pm at 9:23 pm |
  2. Wade

    Bush should just defer to the next pres.. if he tries to fix this, it will cost many times more and the crisis will drag out at least 5 extra years (sound familiar?).

    By the way, bailing on the debates is freakin' weak, and bailing on the VP debates is RUNNING SCARED.

    September 24, 2008 09:23 pm at 9:23 pm |
  3. David

    Did these guys just woke up and realised that the economy is not really fundamentally sound? What a joke!!!
    I think what the country wants now is to get rid of these dorks and lead the way this country has been led.
    We need to go forward!!!

    September 24, 2008 09:23 pm at 9:23 pm |
  4. AH

    McCain is playing games! He is not the president, Bush can do his job without McCain!!

    September 24, 2008 09:23 pm at 9:23 pm |
  5. no more Black eyes

    tool!!! i dont even blame Bush, i blame ALL of you idiots who voted for him in 2000 and 2004....thank you, you treasonist fools for destroying this country, the axis of evil could not have done a better job, and now you want McCain.. to what, finish the death blow? 2 wars, 6.1 unemployment, gas and food on the rise, economic collapse, schools in shambles,10,000 homes lost every day, over 600,000 jobs GONE and YOU WANT TO VOTE FOR MORE? you people are IDIOTS

    September 24, 2008 09:23 pm at 9:23 pm |
  6. Rob

    No Bailout -No Way

    September 24, 2008 09:23 pm at 9:23 pm |
  7. Axl

    1. Reagan inherited national debt of $711 billion
    2. Bill Clinton left a budget surplus of $200 billion, and debt going down.
    3. Today our deficit is 500 billion before the bailout and our national debt is close to $11 Trillion.
    4. Gas was $1.45 when Clinton took over and $1.75 when he gave Bush the keys to the White House.

    All the increase in deficits we have seen in a generation came from Republicans in the White House.

    September 24, 2008 09:23 pm at 9:23 pm |
  8. Brian from NYC

    More republican BS – we are in this situation because greed and lies! on wall street and in iraq!

    September 24, 2008 09:23 pm at 9:23 pm |
  9. Kiran Rasaretnam

    We are facing one of the most difficult economic/financial crisis this country has witnessed since the Great Depression. Even the most brilliant economic/financial minds are finding it difficult to come up with appropriate solutions.
    Bernanke got a BA in economics from Harvard, and a PhD in economics from MIT. Paulson went to Dartmouth as an undergrad, and got an MBA from Harvard. These are really, really smart guys.
    If you think they have a hard time grappling with the forces and solutions of this crisis, do you think a bunch of senators and house representatives understand it enough so that a solution by the end of the week is possible? George Bush, with his mastery of economics wants to push a solution ASAP.
    And, if that wasn't enough, economics genius himself, John McCain to the rescue. He is suspending his presidential campaign so that he can save the day!
    Wow!

    September 24, 2008 09:24 pm at 9:24 pm |
  10. Matt

    Anything for the Republicans to get out of a debate. They did it..... Checkmate. The strongest element Obama had was coming up at the debates and if these are postponed there will not be enough time to prove how terrible McCain and Palin will be at leadership. Obama is really checkmated because if he says no to this and won't postpone the debates he looks like he is not the bi-partisan he says he is.

    September 24, 2008 09:24 pm at 9:24 pm |
  11. sally in IL

    This latest maneuvar by McScary makes me sick to my stomach. Is he senile.

    September 24, 2008 09:25 pm at 9:25 pm |
  12. A

    Looks like those McPain/Failin sycophants got it all wrong again.

    Obama is still doing the same thing that McCain is doing, but he can still make it to the debates.

    McCain must never heard of this wonderful invention called the 'airplane.'

    September 24, 2008 09:25 pm at 9:25 pm |
  13. Jon

    Holy cow! This is the most Presidential thing Bush has done in the last 7 years!

    September 24, 2008 09:25 pm at 9:25 pm |
  14. Shirley-Ohio

    SO WHY CANCEL THE DEBATE. I DON'T GET IT. THESE GUYS ARE NOT YET THE PRESIDENT AND THERE IS VERY LITTLE THEY CAN DO, THE MAJORITY RULES. ALL WE NEED AND HAVE GOTTEN IS THEIR INPUT. THIS IS RIDICULOUS.

    September 24, 2008 09:25 pm at 9:25 pm |
  15. Andrea

    Well, of course they both will attend. If they don't they won't look good.

    September 24, 2008 09:26 pm at 9:26 pm |
  16. Paul

    Stop interfering with the campaign, Bush. Shut up, go away.

    September 24, 2008 09:26 pm at 9:26 pm |
  17. Mack

    So Obama now will actually have to go to work.....after saying earlier he would not return to DC. Its clear that McCain was right on this issue while Obama was more interested in trying to win this election. McCain is planning ahead...and is more concerned about the people of this country...even if it means losing the election.

    September 24, 2008 09:26 pm at 9:26 pm |
  18. OH MY!

    Elaine Quijano and Dana Bash never once mentioned the fact that Obama said that he would not suspend his campaign and go to the White House until Bush called and asked him… When John McCain right away stated he would suspend his campaign and headed for Washington canceling the debate if need be. Why does CNN report biased for Obama… personally I am sick of it and so are many others. Further more this is a close race and it is never equal when it comes to comments… people out here see this and know what CNN is doing. As usual CNN will not post this.

    September 24, 2008 09:26 pm at 9:26 pm |
  19. Ben Newhouse

    What we're learning here is that free markets are not the solution to everything…

    Seriously, a bunch of free market bankers made a bunch of loans that the shouldn't have made. Now, they'll all go bankrupt…meaning there's noone left to give loans to legitimate businesses who want to expand. Or legitimate homeowners who want to buy a house.

    Of course, in the "long term" the free market would solve this. Some one new would pop up to replace the moronic bankers who messed up…and these incompetent fools would be out of luck.

    Of course, in the "long term" we're all dead. And in the "short term", the free market solution entails a period of total chaos. Something generally unacceptable to all.

    So what did we learn?

    1) Free markets are not the solution for everything.
    2) Government and regulation of select "markets" play a necessary role in smoothing out the ups and downs of long-term, free-market economics.

    September 24, 2008 09:26 pm at 9:26 pm |
  20. Donelliotz

    It seems Sen. John McCain and his campaign doesn't understand the word MULTI-TASKING anymore like Sen. Barack Obama mentioned earlier today, because, its election period.
    Why is McCain trying to interfere with plans Paulson, Benarke, and Congress already started delibrations on?
    Your little gimmick of country first is not going to work this time around. Americans have already waken up from their slumber of the last almost 8years.
    The debate on foreign policies doesn't have any bearing on your proposal, Mr Mc-Palin.
    How long is your campaign going to continue to shield Gov. Sarah Palin from the media and the American people?
    McCain, we still have an incumbent president to make whatever decisions on the economy even though is lam-duck.
    Thanks.

    September 24, 2008 09:26 pm at 9:26 pm |
  21. Darryl

    The worst person in America President Bush the Killer of the inocent.

    Hie should be live the rest of his live surround by dead bodies.

    This man and his VP has taken care of all his Good Ole Boys at tax payers expense..

    Sad Story.....

    September 24, 2008 09:26 pm at 9:26 pm |
  22. joseph

    Clearly a showdown at high noon between the two nominees.

    September 24, 2008 09:26 pm at 9:26 pm |
  23. Paul Thompson

    Huckabee has a plan.

    Huckpac.com!

    September 24, 2008 09:27 pm at 9:27 pm |
  24. S Callahan

    I just saw his , Pres. Bush's, message to the American people. I am so 'frustrated' by all this...a big part of me says no bail out...yet a cautious part of me says I need to hear more to be supportive of a bail out. My feelings are that I don't trust any politican right now...are we being duped again? Is this a real call to be concerned about? Is this just saving the rich mans back , again? I just need a lot of questions answered because right now I , the taxpayer, am not convinced on what way this should go. God help us!

    September 24, 2008 09:27 pm at 9:27 pm |
  25. D from MI

    OUR ECONOMY IS GOING DOWN THE TUBE. BARACK MAKE YOUR STAND & STAND STRONG!!!!!!!!!!!!!!!!!!!!

    September 24, 2008 09:27 pm at 9:27 pm |
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