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. cocolu

    Although Senator John McCain is on the campaign trail, as a US Senator he gets paid to legislate. Furthermore, he IS very familiar with the current financial crisis. In May of 2006 McCain purposed a bill to Congress calling for a regulatory overhaul. He warned of the enormous risks Fannie Mae and Freddie Mac were posing if Congress didn't act. Similarly, Pres. Bush also proposed bills for regulation many times starting in 2002. All of these bills were blocked by Congress. This information is documented fact and can be found at The Library of Congress website.

    One more thing you'll find at the library is that Pres. Clinton was the one who actually signed the bill to de-regulate.

    September 25, 2008 01:45 am at 1:45 am |
  2. RapidRay

    I guess now is as good a time as any to bring in the 2 nominees and tell them how much of a mess he's dropping in their laps.

    If he had any shred of decency, he would have closed his speech tonight with "I'm sorry I let this happen to you all."

    September 25, 2008 01:46 am at 1:46 am |
  3. Ito

    It's clear that dogmatism doesn't always work.

    Is America "safer" now under Bush handling?

    September 25, 2008 01:46 am at 1:46 am |
  4. nancy

    Well,
    Bush invited one of the right people.

    OBAMA 08

    September 25, 2008 01:47 am at 1:47 am |
  5. Andre Green

    I for one, would rather see the candidates debate in Sippi and discuss the issue. It sickens me to see McCain, a guy I would have voted for in 2000 sink to new lows everyday. Charlie, Ben, Mikey, Bootstomper, Chris and especially Glenn have hit it right on the head. Senator McCain is trying to do anything to get the keys to 1600 Penn Ave–I just the media (ie. The View) would ask the tough questions and expose him for what he is and what he has done. By the way, when is someone going to bring up the correlation between the Reagan Revolution, the S&L scandal, deregulation and the money spent in Iraq that has promulgated this entire mess right now.

    September 25, 2008 01:47 am at 1:47 am |
  6. Gwen Gonzales

    Does McCain & Bush think the American people are so stupid as to NOT see through why Obama was invited to the White House?

    We already know McCain is a carbon copy of Bush.

    McCain was just looking for a way to get out of a debate with Obama.
    We the people can see through all the games.l

    September 25, 2008 01:48 am at 1:48 am |
  7. K.Sharma

    and the countdown beings:116 days until Bush leaves the White House.
    can't wait.

    September 25, 2008 01:52 am at 1:52 am |
  8. jimmy

    FOR THE FIRST TIME IN A LONG, LONG TIME , SINCE THE GREAT DEPRESSION FROM 1929 TO 1932, AMERICA IS FACED WITH
    A GREAT CRISIS FROM WHICH OUR COUNTRY CANNOT SURVIVE WITHOUT ALL AMERICANS .......REPUBLICANS, DEMOCRATS. INDEPENDENTS , LIBERTARIANS AND ANY OTHER PARTY,
    STOP BICKERING , FIGHTING BACK STABBING AND ALL OTHER
    ANTI-SOCIAL BEHAVIOUR AND UNITE FOR THE GOOD AND ECONOMIC RECOVERY OF OUR GREAT COUNTRY. AMERICAN
    NATIONAL SECURITY WILL ALSO BE AT STAKE AND OUR COUNTRY WILL BE WEAKENED AND VULNERABLE TO OUR ENEMIES.. LET US PUT OUR COUNTRY FIRST AT THIS CRITICAL TIME. GOD BLESS AMERICA.

    September 25, 2008 01:53 am at 1:53 am |
  9. Tony

    After reading your posts I wouldn't call the game just yet even though we are on democrats and Obama's turf. The Election is still close and we have a long ways to go. I agree that Mccain is trying desperate to call a time out and regroup. This might be what he needs. I am a true democrat and that is why Obama must keep the pressure on Mccain. Republicans know but won't admit they are in trouble that is why it is Obama is in the drivers seat and must keep it that way.

    GO OBAMA

    September 25, 2008 01:57 am at 1:57 am |
  10. Tom

    I saw this excellent post on another site – Lets call in work tomorrow and say Call me if you need me and then check back at the end of the day and see if you still have a job. McCain/Palin 2008.

    September 25, 2008 01:57 am at 1:57 am |
  11. HiFi

    Good...this will give Obama a chance to measure the drapes in the Oval Office, which he will occupy on January 20th.

    September 25, 2008 01:58 am at 1:58 am |
  12. Linda Schatzer

    Well for the record Chris Dodd tonite said that he doesnt know why McCain feels he has to come because as committee chairman McCain has called no one including him for an update on how things are progressing...Obama has called three times to talk to him and one to Paulson to check up. So you tell me??? If John McCain couldnt even call to check up...dont tell me this is important to him..it is a policitcal ploy because he is dropping in the polls. And did anyone see Palin mess up another interview...this woman knows nothing and makes Mccain look dumber than we already know he is.

    September 25, 2008 01:58 am at 1:58 am |
  13. Tony

    by the way it is my Birthday and am enjoying the Obama trend and my biggest Bday present will be an Obama Victory!

    GO OBAMA

    September 25, 2008 01:59 am at 1:59 am |
  14. Kris K from RM,CA

    This is a Republican trick and the GOP and Bush have made this serious problem a political ploy.The sky is not falling.Republicans are trying to scare us into a ridiculous deal. McCain is working with the GOP to ruin America. Wake up America.

    September 25, 2008 01:59 am at 1:59 am |
  15. People make no sense

    Anybody see Palin on Katie Couric – no wonder they keep her hidden. This is the person some stupid people want for their vice president!
    It was laughable, and the really funny part is that they give you the questions before hand...lol...All interviewers do that

    September 25, 2008 02:00 am at 2:00 am |
  16. Bigbubba

    Is there some reason that this has to be pushed through without the congress having time to check out the details?
    I know McCain is using it as an excuse to avoid debating Obama and has already started laying the groundwork to avoid Palin having to debate at all.

    I realize that he has said she would set up a debate on some mythical future date.

    I am also aware that the most likely thing to happen is that just prior to the Vice-Presidential debate, something else will cause the debate to be "unavoidably" delayed. And it will be too close to the election to be rescheduled.

    Wow, too bad, cause Palin would have mopped the floor with Biden due to her superior education, experience, creative use of lipstick and her Miss Congeniality tiara.

    September 25, 2008 02:00 am at 2:00 am |
  17. Renee

    Let me tell you all who is the reat and true leader in this Presidental race and that is Obama because a President should be able to multitask serveral events and for Mccain to call to postpone the President debate and stop his campagning makes No sense when so many American people want to hear from these two candidate to see how they are going to fix this economy and how they are going to lead the direction of this country. Mccain is backing down. Obama is the TRUE LEADER!!!!!

    September 25, 2008 02:01 am at 2:01 am |
  18. Election/Debate

    The debate needs to go on because this is our interview for the job. I want let McCain know that he cannot skip the interview as schedule and expect to get hired. We need to here about the economy. McCain if you are clueless about the economy say so please do not bully us by asking to postpone the debate. We ahve been waiting for that debate for over a year now. Change the subject from foreign policies to finance but, the debate needs to go on. We are ready to hear you both.

    September 25, 2008 02:03 am at 2:03 am |
  19. Ravi

    Watch David Letterman's drubbing of McCain for suspending his campaign. Why should he suspend his campaign, he could have handed it over to the experienced hands of Sarah atleast she has more experience than Obama, if there is no problem for Obama to handle multiple tasks atleast she should be able to handle her campaign for one day.

    September 25, 2008 02:04 am at 2:04 am |
  20. Lisa

    Its scary how gullible people like Gayle are in this country. She actually believes that McCain done this for the good of the country when it is crystal clear it is political. Unbelievable....

    September 25, 2008 02:04 am at 2:04 am |
  21. Daryl in Seattle

    It's obvious Bush is trying to help McCain by taking Obama off his campaign for a useless photo op. McCain and Obama cannot help at this point. There's already a deal close to being on the table. This is ridiculous.

    September 25, 2008 02:08 am at 2:08 am |
  22. Mary

    Why has Bush summoned both MCcain and Obama to the White House ? IS IT to give MCcAIN An EDGE? Is he trying get the debates postponed ? And what is MCcain doing trying to act as if he already is a President Does he think we are so dumb that by suspending his campaign we will vote for him does he know that we still remember he was part of the Ketting mess and that he is a BIG PART OF THIS DEBACIAL Mary

    September 25, 2008 02:08 am at 2:08 am |
  23. Moe, NY

    I think this is just more Republican BS. The Republican's are the ones who ruined the economy in the first place...let's not forget! I do not think we should bail out Bush and Chaney's friends....let them eat cake for a change. The economy will bounce back....under Obama as President that is! As for the debate....bring it on...no allowing McCain to back out of this one. I do not want to hear McCain crying that there is not enough time for the debates. Come on America...wake up...let's get these corrupt Republicans out of office come November.

    September 25, 2008 02:10 am at 2:10 am |
  24. Joe in MN

    McCain

    Sun: He was for the bailout

    Tue: He hasn't read the bill yet

    Wed: Democrat and the Administration making progress, while McCain is talking to Couric

    What exactly would he be doing in DC but for photo ops?

    What a ploy. What fake leadership in a REAL situation. A child looking over an adults' shoulder...

    September 25, 2008 02:15 am at 2:15 am |
  25. Cindy

    As a citizen of Tucson, Az my state senator John McCain better show his face and be a part of the biggest descision that will be made at this time that will be directly affecting my family, freinds and neighbors and all of the people of this nation. I would be alarmed if McCain or Obama were not there....They are both currently Senators this is what we pay them for.

    September 25, 2008 02:21 am at 2:21 am |
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