September 25th, 2008
05:46 PM ET
6 years ago

Bailout meeting ends; Bush says group will continue work

Barack Obama, right, attends a meeting at the White House with President Bush, John McCain and other politicians.
Barack Obama, right, attends a meeting at the White House with President Bush, John McCain and other politicians.

WASHINGTON (CNN)- Sen. John McCain and Sen. Barack Obama both left President Bush's financial bailout meeting at the White House after 5 p.m.

Thursday without making statements to reporters gathered there. Officials said Obama will make a statement later at the Mayflower Hotel. There was no immediate word from the McCain camp.

Watch: How does the bailout affect you?

Dana Perino, White House press secretary, released a statement from Bush saying: "The president appreciates the bipartisan members of the congressional leadership and the two presidential candidates coming to the White House today to discuss how to finalize the financial rescue package.

Watch: Bush counselor says White House is getting closer to deal with Conress

There is a clear sense of urgency and agreement on the need to stabilize the financial markets, and
prevent a massive financial crisis from affecting everybody in America."

The statement went on to say that the group will continue to work on a deal.


Filed under: Candidate Barack Obama • John McCain
soundoff (193 Responses)
  1. Sheri

    Shelby is RIGHT, if you do not have any problems right now, is paying your bills on time, no threat of ever losing your job, have great insurance and is ok. Please understand, you do not have the full picture of what is going on with those that have less than YOU. Walk a mile in the other man's moccasins! If you give anyone a 700M check, without accoutability then you are being screwed yet again. I am a graduate student, Washington should listen to those from Yale, Princeton and Bill Clinton.

    September 25, 2008 06:01 pm at 6:01 pm |
  2. Billy

    CNN reports that the leader of the senate committee said basically, democrats, republicans and the administration had an agreement as of 1:30pm this afternoon.

    Then this summit took place and a NEW agreement was thrown out by McCain and house republicans that had not been discussed. This "new" plan seems to be articulated very poorly and gumming up the works.

    He basically said, the work horses of this plan are being thrown into disarray by the show horses.

    Thank you McCain for injecting politics into a national crisis, I hope you pay dearly for it.

    September 25, 2008 06:01 pm at 6:01 pm |
  3. Paul, NY

    Tomorrow night will be VERY interesting!!

    I hope McCain shows up for the debate. For 2 reasons..

    1. He'll go against word AGAIN.. I've lost track of the amount of time he has contradicted himself in the past week! Must be the old age..

    2. He'll make a an even bigger fool of himself once he opens his mouth and speaks.. He is clueless!!

    September 25, 2008 06:01 pm at 6:01 pm |
  4. nora

    Wow. No agreement . I think I heard today from McCain spokesman Bounds that an agreement was reached andMcCain should be given credit. Was that a LIE? Was there an agreement that McCain has delayed? What exactly has John, I was a P.O.W., maverick, reformer, Sarah's daddy , done while there?

    September 25, 2008 06:01 pm at 6:01 pm |
  5. Concerned Voter

    So, John McCain's meeting was a waste of time, and a distraction. No resolve has been made...no agreement has been made. He's going to buy more time to prepare for the debates, and people who don't look beyond the surface will think he actually cares about them when he doesn't. This was all dumb, and fruitless politics. What a wasted day...but McCain gets his photo op and that's all that matters, right? The economy is falling apart and McCain, who has never read the bailout plan...get's his photo op. I hope this back fires on him really good. The American people deserve better. I wish he would suspend his campaign permanently.

    September 25, 2008 06:02 pm at 6:02 pm |
  6. McCain is a coward.

    I honestly want to move as far away from america as possible.

    September 25, 2008 06:02 pm at 6:02 pm |
  7. Stacy from Loudoun County, Virginia

    George W. Bush and the free spending National Socialist Republican Party have sunk this country into a new bipartisan low. This is a debacle that the history books will not be kind to in the least.

    September 25, 2008 06:02 pm at 6:02 pm |
  8. Sher

    Shelby is RIGHT!! Any decision make impetuously is ALWAYS a bad decision. If you do not have any problems in your life right now, is paying your bills on time, no threat of ever losing your job, have great insurance and is ok. Please understand, you do not have the full picture of what is going on with those that have less than YOU. Walk a mile in the other man's moccasins! If you give anyone a 700M check, without accoutability then you are being screwed yet again. I am a graduate student, Washington should listen to those from Yale, Princeton and Bill Clinton.

    September 25, 2008 06:02 pm at 6:02 pm |
  9. A Woman In California For Obama:

    Of course there will be no statement from McCain until there is a statement from Obama. Afterall, he did graduate 894 out of 899. This man is a disgrace. He was a sell-out in the US military, a sell-out to his (first) wife and family and is now selling out his campaign. He would do the same thing if given the opportunity as president. He can't be relied upon or trusted unless there is money to be gained.

    America think about it "can John McCain be trusted?"

    September 25, 2008 06:03 pm at 6:03 pm |
  10. J.R.

    Your comment is awaiting moderation.
    CNN POST THIS

    I THINK REPUBLICAN IS PLAYING GAMES AND WANT TO HOLD ON THE BAILOUT UNTIL WHO WIN BECAUSEI THINK THE BUSHLAMETRIED TO HELP TO MCBUSH SO BUSH KNOW THAT MCCAIN DONT KINOW ABOUT ECONOMIC'S EXPERENCE HOWEVER HE MAKE HIM TO THE WHITE HOUSE WHEN THEY TRIED TO HOLD ON THE BAILOUT BECAUSE IF JOHN MCCAIN WIN SO BUSH WILL TELL THEM TO BAILOUT TO 250 BILLION OF DOLLARS ON THE WALL STREET… SO I KNOW REPUBLICAN IS PLAYING GAMES AND PLAY AROUND IN THE MAPS…

    CNN POST THIS

    September 25, 2008 06:03 pm at 6:03 pm |
  11. John Smith

    Why does McCain always run away from issues that are "at hand" to meddle with iusses that are not his?

    1. He ran away from his ex-wife, after she had sacrified herself waiting for him for years!

    2. he ran away from competent women governors, senators, and even congresswomen to choose a bimbo!

    3. Now, he is running away from a debate that is expected to be his BEST area of expertise- foreign policy.

    Is this the kind of leadership that America really wants to settle for this time, after 8 years of such disasters!

    September 25, 2008 06:03 pm at 6:03 pm |
  12. Charlotte

    I want to know the details and sticking points. What is the hold up? If I screw up my balance sheet, I either cut my overhead, or get a second job?

    September 25, 2008 06:03 pm at 6:03 pm |
  13. McSameMcCain on myspace

    It is nice to see John McCain at that table. You know, for 5 and a half years he didn't have a table. (in case you haven't heard)

    This posturing will do nothing. The Democrats know he is just going all in with a bluff and the Republicans will continue to allow themselves to believe that McCain is really the best their party has to offer.

    Now, about those medical records John, when can we see them?

    September 25, 2008 06:03 pm at 6:03 pm |
  14. anonymous

    Regardless of who is to blame for the crisis our government is facing, we must all pull together for our leaders regardless of political party.
    Our country is in a big mess and our leaders are going to do the best for all. Stick together, we are all americans and must stick together to benefit the best interest of the United States of America. We are all in this together rather rich or poor. This effects every one. God Bless the whole USA.

    September 25, 2008 06:04 pm at 6:04 pm |
  15. Used Car Salesman

    This Bailout is not a good idea. It's punishing the hardworking and honest for the actions of the naive and greedy.

    They gave loans to people that should not have gotten them for houses they never could afford that were overpriced to begin with.

    And to make matters worse they than traded those loans like baseball cards back and forth. And this was all in the hope that the people paying the loans could somehow pay for something they never could have really afforded or should have ever gotten.

    And now they want to rush past us this deal of 700billion or more before anyone has a chance to really think if this is the right thing to do. Like some used car salesman trying to get you and your money seperated and off the lot before you realise that you bought a lemon.

    September 25, 2008 06:04 pm at 6:04 pm |
  16. J.D.

    Over the last couple of days, it has dawned on me that John McCain is not a "maverick" at all, he's a "gimmick." Looking back on his campaign, all the memorable moments have been "gimmicks": first the "gas tax holiday" gimmick....then the "celebrities ads" against Obama gimmick...then the "we are all Georgians" gimmick....then the "Palin nomination" gimmick....and this week the "suspending his campaign" gimmick. He just goes from one media-targeting, attempt-to-grab-headlines gimmick to the next, with no real substance or consistency. He's a guy of the moment, who likes to make a splash and rile people up every once in a while. Enough of the bluster and theatrics and drama and made-for-TV-news-moments. Enough gimmicks. I want solid, dependable, thoughtful substance. My mind is made up: I'm voting for Obama.

    September 25, 2008 06:05 pm at 6:05 pm |
  17. Elly

    its quite obvious this was all just a great big set up by the phony McCain to make Obama and the democrats look bad!!!
    Dont fall for McCains BS
    He is absolutely pathetic and so is his so called pretty Palin who everyone including Bill Clinton seem to love (what a shocker that is)
    Just a BIG set up to try and make McCain look good and Obama bad
    I hope the american people are smarter than this!!!!

    September 25, 2008 06:05 pm at 6:05 pm |
  18. reggie

    i hope Mccain has the heart to show up for the debate the american people need this

    September 25, 2008 06:06 pm at 6:06 pm |
  19. Nelson, MN

    The bottom line is Republicans cheat. When they can't win on their own merit, they steal elections, mail phony ballots to Democrats, and a handfull of other dirty tricks.

    McCain is losing so he pulled this latest stunt. He hasn't been to DC since April. Now all of a suddent he's really needed. I don't think so. Anyway, Barack and the rest of America are smarter than 5th graders, so he will be at the debate, alone. If McCain doesn't want to go, that's on him.

    Obama/Biden 08

    September 25, 2008 06:06 pm at 6:06 pm |
  20. Vince

    This meeting was a waste of time.Bush & Co. saw this crisis coming and they did not do anything to fix it. The Treasury present a "rescue plan" in 3 pages. And they want the lawmakers to rush in their decision! What joke is that? Let the lawmakers works seriously on that situation and come out with a plan that can save us from this crisis.We just don't need a plan. We need a plan that will work.

    September 25, 2008 06:06 pm at 6:06 pm |
  21. Ron was a REP now a DEM

    More Bush properganda

    September 25, 2008 06:07 pm at 6:07 pm |
  22. CJG

    Hey I do not like this either ....we are between a rock and hard place and now MCCain grand stands ....So this is not bipartisen for McCain!

    So was this just another McCain maverick stunt?

    Hey just do it without him .....

    September 25, 2008 06:07 pm at 6:07 pm |
  23. Country First?

    So John McCain goes to Washington where they almost had a deal in place, pulls political strings (he DOES hold the purse strings to helping Congress members get re-elected) and get the Republicans to stall, so he can score political points?

    Yeah... THAT's Country First...

    But then, it's never been about America to you, has it. It's the all me, all the time, John's ego express.

    Just put an empty chair there in the debates... that's about all this flatulent fraud has to offer.

    September 25, 2008 06:08 pm at 6:08 pm |
  24. Joe

    If John Mcain can't handle two things at one time, washington and the debate, How does he expect to handle being president of the united states, Our country has more than one Crisis going on right now or is'nt he aware of that??? Joe from Califionia.

    September 25, 2008 06:08 pm at 6:08 pm |
  25. Michael Vaughan

    Riddle me this batman, If congress is having a meeting on spending 700 Billion dollars of the tax payers money, but the taxpayers are contacting the senators telling them that they don't want the bailout and don't think it is a good plan. WHAT IS THE MEETING FOR? THE PEOPLE SAID THEY DON'T WANT IT. Why don't we have a say in how they give away our money.

    please help me,
    mizunderstood420

    September 25, 2008 06:08 pm at 6:08 pm |
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