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. Matt

    I suppose we should just give up. The credit crunch will continue to worsen and worsen while McCain and his boy splay games to avoid the debates and try to finagle this whole thing into looking like Captain Senior Moment xswooped in on his magic flying wheelchair and saved the day. I expect nothing to get done until at least next Friday because that takes both tomorrow's debate and the VP debate off the table.

    There was an agreed-upon bipartisan bill that just got nixed for political gain. They basically renegged on their agreement so they can now say McCain brought them back around. Bullsh-t. Hooray for politicizing everyone's suffering while pretending you're doing them a favor. Republican scum.

    September 25, 2008 06:09 pm at 6:09 pm |
  2. Troy, MS

    Of course Barack is up by 4 points because McCain SUSPENDED his campaign. McCain is an idiot, and thinks we'll fall for these phony stunts.

    Obama/Biden 08

    September 25, 2008 06:09 pm at 6:09 pm |
  3. Kate

    P.J.O'Rourke, the conservative writer, once remarked: “The Republicans are a party that says government doesn't work – and then get elected and prove it.”

    September 25, 2008 06:09 pm at 6:09 pm |
  4. Joseph Adewole

    Where do Americans go from here; will they try to put another Republican in The White House who will not be able to manage the economy of US well? Strong Economy is POWER; who ever is really educated and intelligent with good sense of judgement that can save America tax payers should be unanimously supported by everyone....no centiments pls. America is The World Leader; this should reflect in the country's economy.

    September 25, 2008 06:09 pm at 6:09 pm |
  5. Donald Of Orange County

    Ask Yourself if you want McSane using the Roll of The Dice technique to make decisions about the American future.

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

    Latest word is that McCain is leaving DC early Friday morning.

    So let's see......he arrives in DC AFTER Congressional leaders reached a tentative agreement, goes out for lunch (this is all true), pops into the White House meeting for a photo op, finds the time to do network interviews after the meeting, and plans to leave DC right away.

    If he could do all that - none of which involved actually working on a bailout deal - why can't he find the 90 minutes to have a debate? Is it because his campaign is scheming to have the VP debate put off indefinitely because Palin (as evidenced by those horrible interviews with Couric) isn't ready?

    McCain-Palin: The Joke That Gets Sadder All The Time

    September 25, 2008 06:10 pm at 6:10 pm |
  7. lalala

    John McCain and the Republican House are playing with our lives. 10,000 homes were lost today, thousands of jobs were lost today and they are playing games? this is what we have been seeing for the two years the Dems have held the majority...the rethugs playing with our lives. Thanks John but NO THANKS.

    September 25, 2008 06:11 pm at 6:11 pm |
  8. s

    just like Obama meant- why not debate and discuss the issue. If anything; this would be the time to talk about it for the voters to hear.

    Personally, I think this was a waste of time for both candidates since they can't do more than the FINANCE COMMITTEE is already doing.

    Obama '08

    September 25, 2008 06:12 pm at 6:12 pm |
  9. notime

    Well now can we get on with the debates or does John have to clean and vacuum the white house before he can catch a flight to Mississipi!

    Obama/Biden '08, '12
    Chelsea '16

    September 25, 2008 06:12 pm at 6:12 pm |
  10. Farrell, Houston, Tx

    FACT: JOHN MCCAIN DIDN'T OPEN HIS MOUTH AT THE ECONOMIC MEETING THAT HE CLAIMED WAS SO IMPORTANT THAT HE CANCELLED HIS CAMPAIGN. OBAMA SPOKE ABOUT THE THINGS HE WANTED FOR MAIN STREET AND NOT WALL STREET. THIS JUST CONFIRMS THAT MCCAIN KNOWS NOTHING ABOUT THE ECONOMY AND IS AVOIDING A DEBATE WITH OBAMA. JOHN MCCAIN SAT THERE WITH A SILLY GRIN ON HIS FACE LIKE HE DIDN'T KNOW WHERE HE WAS.

    September 25, 2008 06:12 pm at 6:12 pm |
  11. karen-phoenix

    This whole thing is beginning to stink like a three day old republican FISH!!! And its a very, very old fish. And McCain just does NOT look healthy!!!

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

    McSame sitting there with a SMUG look on his face....and now it is being reported MCSAME has CAUSED MORE PROBLEMS THEN HELP!

    September 25, 2008 06:12 pm at 6:12 pm |
  13. Ike from PA

    I have ABSOLUTELY HAD IT WITH JOHN MACAIN!!!!! This man is certainly not fit to be president!!!! Here we are at the last minute he throws a curve ball in the negotiations!! This man is shameless, he will do ANYTHING to gain a vote. How can people who are paying any attention to this situation stand this man!!

    September 25, 2008 06:12 pm at 6:12 pm |
  14. Obama 08

    I miss Bill Clinton in office. He'd know what to do.

    September 25, 2008 06:13 pm at 6:13 pm |
  15. maynard hopkins wi

    althou it is not a done deal it is a step in to right direction. as for the two candidates It is time you both come together and face the situation. I think this shows the better of the two candidates,
    Now you can go back to campaigning

    no more crying

    September 25, 2008 06:13 pm at 6:13 pm |
  16. Rodger

    Total waste of time for a McCain photo op. Obama has set the goals, the Democrats in congress have the ball...if the Republican stop it, it will be their fault if the country goes deeper in a recession than we are already in....thanks to Bush and McCain!!!

    September 25, 2008 06:14 pm at 6:14 pm |
  17. Watching Closely

    Ok, the House Republican's are holding out on the Republican bailout plan? This could only mean that they want the Democratic majority to take the lead, if it's a failure, then the Dems are responsible. Believe me it will fail. The Republicans have complete control over whether this agenda is successful or if it is a failure. Sneaky Snakes indeed.

    September 25, 2008 06:14 pm at 6:14 pm |
  18. Martha A. McNeil

    This is a setup for Obama debate. That Bush, McCain and the top Republicans planned with Paulson.

    How low can Bush and McCain go, wait until Obama leave tomorrow going to the debate. Then at that time, the republican house state the deal have been reached on the $700B bailout.

    September 25, 2008 06:14 pm at 6:14 pm |
  19. McDummy

    Send the old man home! OMG! He is slowing things down They dont even want him there.

    He is such a loser!

    September 25, 2008 06:15 pm at 6:15 pm |
  20. Allen

    Why doesn't Bush and Cheney open up their checkbooks? They are the ones that has bought on this terrible situation. When is Bush and Cheney going to be held accountable for their actions? I'm ashamed to be called an American. This country only cares about the rich and lining their pockets.

    Maybe you should have a vote of the American people: The vote would be to have Bush and Cheney to forfit half of their retirement pay, to pay down the debt, that they caused. How about that? Of course we know that would never happen. HOW SAD IS THAT?

    September 25, 2008 06:15 pm at 6:15 pm |
  21. Gus - Live Oak, CA

    Sounds like McCain messed this up with his political stunt. I thought nobody was dumber than Bush. McCain proved me wrong.

    September 25, 2008 06:15 pm at 6:15 pm |
  22. alvino

    It appears that last night, there was an agreement in sight. Enter John McCain with his own personal political agenda and now the bipartisan work of 6 days goes down the tubes. If he could have stayed away, there might have been closure. He doesn't even know where he stands. What a joke he is.

    September 25, 2008 06:15 pm at 6:15 pm |
  23. s

    Whether or not they reach an agreement by tomorrow- a debate should still go on! McCain grow some nuts and MAN up! For crying out loud you're running for POTUS and not prom King. As a woman I'd never vote for you because you offended my intelligence and don't want me to control my body.

    Obama '08

    September 25, 2008 06:16 pm at 6:16 pm |
  24. mike

    vote!! Obama/biden 2008 !!!!!!!!!!

    September 25, 2008 06:16 pm at 6:16 pm |
  25. mitchell

    obama got his eye on that big chair. i hope he's sittin there on jan. 20th.

    September 25, 2008 06:17 pm at 6:17 pm |
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