September 28th, 2008
11:00 AM ET
6 years ago

Candidates say they'll probably support bailout bill

Obama and McCain said sunday they would probably vote for the proposed bailout plan.
Obama and McCain said sunday they would probably vote for the proposed bailout plan.

(CNN) – Sens. Barack Obama and John McCain said Sunday they would probably vote for the government's proposed bailout legislation once they check out the final details.

Congressional lawmakers announced early Sunday they made "great progress" toward reaching a deal on the White House's proposed $700 billion bailout plan.

Rep. Barney Frank, D-Massachusetts, said the final plan will be a compromise that includes some of the original Bush administration proposals and elements demanded by congressional negotiators.

In an interview Sunday on CBS' "Face the Nation," Obama said he had not reviewed the language of the latest proposal, but he said if the core principles he put forth were incorporated into it, his "inclination" would be to vote for it.

The Illinois senator said the final deal must include strong oversight, make sure taxpayers share in any gains when the market recovers, provide relief for homeowners, and make sure taxpayers' money does not go toward any executives' bonuses.

Obama told CBS that it appears those principles have been included, and if that is the case, "my inclination would be to vote for it, understanding I'm not happy about it. We should have never gotten into this place in the first place."

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Filed under: Candidate Barack Obama • John McCain
soundoff (136 Responses)
  1. sandy

    Don't pamper those Republicans. Dems, tell them to give you a call when they have something you can look at! The End.

    September 28, 2008 01:09 pm at 1:09 pm |
  2. "Too little too late Obama?" Liberal for McCain 2008.

    Obama is such a haughty conceited child.
    The truth?!!
    If Hillary had been in that debate she would have given real solutions to our very real problems, unlike those two, still reciting the same old sound bites. Had Senator Clinton been in the debate she would have run circles around both those duds! Those rare few who saw the first 21 debates watched her do just that to Obama and we haven't seen it since.
    Quit picking losers America!
    McCain won hands down.
    Too little too late Obama always talking about how he's gonna wanna do something and never does... what a joke! And his supporters always turning a blind eye to his talk and no walk. What a joke!
    Obama divides the party, alienates 18 million voters and he's suppose to unite the country?!! Don't make me laugh! Liberal for McCain 2008!

    September 28, 2008 01:10 pm at 1:10 pm |
  3. Joe C

    I would love to find a network that is NOT BLATANTLY "in the bag" for either candidate. Once again, after the debate, the CNN consultants/contributors ALL made it quite clear they are so far in the tank for Obama it is frankly a "side show". What happened to the days when networks at least "tried" to hide their political agendas. here's a couple examples, every time McCain went on the offense, he was "condescending" , but every time Obama went on the offensive it is "smooth and amicable".
    Also, a blunder on Obama’s part was he keep saying “Senator McCain” is right, the last thing to acknowledge in a debate..what does Jeff Tuben (Obama’s #1 CNN cheerleader) say? “Oh Obama’s was really showing he can “reach across the aisle” . WOW!! Just gag me!! Thanks Imus, last week on your radio show, for telling Tuben the obvious, he is totally in the bag for Obama

    September 28, 2008 01:10 pm at 1:10 pm |
  4. Ted:Canada

    SORRY TO SAY...

    not sure the bail out will do anything but expose America to global debt – may even threat national security in the long run i.e. not enough money to act on any issues

    best option is to get the repubs out of office ASAP and have the world try to restore moral and economic confidence in America – maybe the only way to recover from a major mess

    on this issues – if anybody tells you they know for sure – tell them they are fools... "THIS HAS NEVER HAPPENED IN HISTORY"

    serioulsy this is a grap shoot – thank the repubs for the 'crap"

    wishing you the best

    September 28, 2008 01:12 pm at 1:12 pm |
  5. Marc

    SHOP FOR AMERICAN MADE PRODUCTS AND HELP SAVE OUR ECONOMY.

    September 28, 2008 01:12 pm at 1:12 pm |
  6. Marilyn

    I think both candidates will vote for the bill, once it is worked out.

    A good interview on Sundays (today) with George S. with panel on WRTV. Newt G. sounded like a liberal democrate stating what Obama has previously stated. Check it out

    September 28, 2008 01:12 pm at 1:12 pm |
  7. Sarah

    McSame will flip flop again

    September 28, 2008 01:12 pm at 1:12 pm |
  8. Barney

    I think McCain is no longer an honorable man. He will say one thing and sneak around and do the opposite.

    I don't trust McCain at all.

    September 28, 2008 01:13 pm at 1:13 pm |
  9. deb

    Obama couldn't even quote Kissinger correctly and we are supposed to believe he knows what is going on with this bailout proposal. Barack goes to Washington to "solve" this bailout after he is basically shamed into participating and does a photo appearance then leaves and goes on the campaign trail doing what he does best running for president. Excuse me but McCain and the Repubs are the ones that stopped this insane wallstreet bailout and made the members of congress give pause and re-evaluate the sneaky added legislation the dems slipped into this to help the very creeps that started this whole mess. ACORN being a huge culprit yes an Obama backed program that is about as corrupt and one of the biggest reasons we are in this mess. Don't forget that this mortgage "give away" to anyone that felt intitled to a home out of their price range started years ago . Clinton administration mean't well but as many programs start with the best of intentions ran amuck with corruption and no one wanted to stop it especially the dems that started it !!! Go McCain Palin

    September 28, 2008 01:13 pm at 1:13 pm |
  10. NEVER IN THE FIRST PALCE

    Obama member of the democratic majority do-noothing congress answer is always if we did nothing we would not be in the mess.

    Wrong answer we are in this mess and what are you going to do

    about it. We all know that it should not happened in the first palce.

    Obama is a better speaking Bush..Started his campaigh with bush's

    slogans...Change..unite...reach across the aisle.etc .Do we want

    different bad change form Obama. Russia and China are turing into

    capitalist and Obama wants to turn America into ...you know what

    happened to the USRR...

    September 28, 2008 01:13 pm at 1:13 pm |
  11. so many comments and not one

    That actually talks about the bailout.

    Both Obama and McCain received over $150,000 from Goldman Sachs, Morgan Stanley, JP Morgan Chase, Citigroup, and Lehman Brothers.

    Naturally, they want the bailout bill. Your votes do not matter. The reasons you support them do not matter.

    Why?

    Because you are the last people they care about... simple as that.

    September 28, 2008 01:14 pm at 1:14 pm |
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