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."

Full story


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

    I still think McCain should drop out of the race, he is really dragging Sarah Palin down.

    September 28, 2008 12:36 pm at 12:36 pm |
  2. ANGIE

    THE REPUBLICANS ARE GONNA PUT US IN THE POOR HOUSE WHILE THEIR RICH FRIENDS GET RICHER OWNING 7 HOUSES 13 CARS AND PRIVATE JETS AND WE WILL BE STANDING IN THE FOOD LINES WAKE THE HE– UP AMERICA!!!!!!!!!!!!!!

    September 28, 2008 12:36 pm at 12:36 pm |
  3. Dave in Illinois

    Some of you people need to listen to what's being said.

    The conservative Republicans balked at the giveaway to Wall Street while the liberal Democrats were happy to throw money at the problem as longer as they could include more money to give to their constituents to get a few more votes.

    September 28, 2008 12:37 pm at 12:37 pm |
  4. Pat from Cali

    McCain is trying to co-op the conditions that Obama stated in the debate.

    This man is a bold thief. His campaign manager tried to claim protecting Main Street and no bonuses to CEO's this morning on another network. We all heard Obama talking about these issues all last week. We all heard him in the debate. McCain thinks we are stupid.

    People say that Obama is all talk, but where is McCain going to get his next idea. McCain has no fresh ideas and definitely not thinking of Main St. He's taking the day off because they did not want him in the negotiations.

    September 28, 2008 12:37 pm at 12:37 pm |
  5. clear to me

    I read Palin's comments on Pakistan and I read McCain's "retraction"- honestly I see no retraction, no conflict.

    Just clarification. Both say we will do what we HAVE to do IF we have to do it.

    September 28, 2008 12:37 pm at 12:37 pm |
  6. indy chris

    NO BAILOUT!!! Just let the FDIC reimburse customers of failed banks. That will be cheaper and the banks that didn't act irresponsibly and unpatriotically will rise to the top. Otherwise, the con men like Paulson (who walked away from a failed bank 2 years ago with a $500,000,000 golden parachute) will be rewarded. Maybe all these CEO's should also be sued to get those parachutes back...that would be billions right there.

    September 28, 2008 12:38 pm at 12:38 pm |
  7. Hypocrits for Obama

    I have no problem with Palin's comment on Pakistan.

    For those who say it echoes Obama's position... how can you then call it ignorant when Palin states it?

    September 28, 2008 12:39 pm at 12:39 pm |
  8. playing it safe

    Some leadership- neither wanted to commit and take a position during the debates.

    I wanted to know THEN what they supported.

    September 28, 2008 12:40 pm at 12:40 pm |
  9. mitch

    obama doesn't like it,but, in the interest of 'country first', he will go along, now that his 4 pts. are included. republicans got us into this mess, and they were insisting on MORE de-regulation and capital gains tax-cuts. how dum is that?

    September 28, 2008 12:40 pm at 12:40 pm |
  10. Ron from Baltimore

    If McCain would let Gov. Palin give the campaign's yes or no on accepting the bailout plan, the could have it either way. He could simply retract her statement or claim it as his own position, as best fits his fit of pique of the day.

    September 28, 2008 12:41 pm at 12:41 pm |
  11. DC

    Of course Mccain will vote yes on this, he has voted with Bush 90% of the time....

    September 28, 2008 12:41 pm at 12:41 pm |
  12. HAWK, TEXAS

    MC CAIN GRAMM BOTH LOBBIED TO GET DEREGULATION, THEN THERE WAS THE KEATING MESS MC CAIN WAS IN, NOW HE IS TALING MONEY FROM KEATING AGAIN. SEVEN OF HIS TOP ADVISORS ARE ON THE PAY ROLL OF WALL STREET. EVEN THO HE LIES ABOUT THAT. PHIL GRAMM AND MCCAIN BOT LOBBIED TO DEREGULATE THE POWER IN CALIFORNIA WHICH LED TO ENRON STEALING FROM THE PEOPLE THAT HAD TO BUY THEIR POWER. AND GRAMM'S WIFE ENDED UP ON THE BOARD OF ENRON.EVERY UNDER HANDED TRAIL LEADS RIGHT BACK TO MC CAIN.HE EVEN TOLD SEVERAL BALD FACED LIES AT THE DEBATE. WHAT A GREAT MAN FOR PRESIDENT, JOHN MC CAIN YOU HAVE NO HONOR

    September 28, 2008 12:41 pm at 12:41 pm |
  13. wew......

    Probably?

    So not news.

    Both of these guys are way too decisive for me.

    I want some vague, avoidance and playing it safe and doing what polls best today.

    Where is Hillary?

    These guys are a joke.

    At least Palin tells it like it is. She IS a reformer. She speaks TO the people- not to polls.

    September 28, 2008 12:42 pm at 12:42 pm |
  14. Independent, white female !

    Mccain needs to retract her candidacy!

    September 28, 2008 12:43 pm at 12:43 pm |
  15. Helen, NY

    I want Barack to tell me if he knows about ACORN which is created mty Democrats to benefit their pockets. Media including CNN never mentioned this institution. I hope house republicans and American people can keep a watch on them. Taxpayers money is drained out by these democrats including Barack. You cannot vote for these people.

    September 28, 2008 12:43 pm at 12:43 pm |
  16. Spinning

    Now that's decisive action and bold leadership for you.

    Maybe... probably... must wait to see how it polls.

    The women tell it like it is. The guys...well... same old politics as usual... lie to the people and then spin spin spin.

    September 28, 2008 12:44 pm at 12:44 pm |
  17. VETS4Obama

    McShame has decided to end his political game and "restart" campaign that was never suspended. How long are people going to buy his games...smoke and mirrors...and eye candy? Give me a break!

    September 28, 2008 12:44 pm at 12:44 pm |
  18. ABG

    I am a lifelong Democrat but.......

    Where were the Dems in 2005 when they opposed more regulation of Fannie Mae and Freddie Mac? It was John McCain who stood on the Senate floor asking for more regulation.

    How did we get in this mess? Let's start there.

    September 28, 2008 12:44 pm at 12:44 pm |
  19. Another Republican voting for Obama/Biden

    I voted for Bush in the last 2 elections. I'm not voting for McCain/Bush/Chaney/Palin ticket again.

    McCain said he knew about the crisis years ago. No one remembers that and if so why didn't he do something. McCain has been the big leader on deregulation. McCain has got a hatchet out now on his policies instead of having knowledge on what he would do. He is an loose cannon – a angry, hot tempered man. The USA cannot have this.

    McCain failed the people with not vetting Sarah Palin. Everything is politics to him to just win and election and forsake the American People.

    Republican's wake up and look at our choice. Sarah Palin is horrible not qualified and she would e one (1) heart beat away from a 73 year old man that has had cancer 4 times.

    Obama/Biden are the only ones.

    September 28, 2008 12:44 pm at 12:44 pm |
  20. wt

    How bout ACORN bailout proposed to be included by the Dems ?? Is that still part of the deal?? A company who is involved in fraudulent voter registration mainly for Dems using taxpayers money and involved in unscrupulous lending!!!!

    September 28, 2008 12:46 pm at 12:46 pm |
  21. I want Hillary

    I am glad both of these guys are such bold leaders and take a stand and let the people know WHAT they stand for.

    Probably? Probably?

    Come on, CNN this is not yet at the point of being newsworthy. You are reporting that both are indecisive cowards unwilling to take a stand and present that stand.

    Yet we must choose from one of them?

    Where is Hillary Clinton- she plays no games- she stands up for the American people- ALL of us.

    September 28, 2008 12:46 pm at 12:46 pm |
  22. alvino

    This bail out plan is called a republican plan because the republicans caused it. We all owe our thanks the great deregulators: Bush/McCain/Phil Gramm. (Larry, Moe & Curly) I'M sure our grandchildren will thank them as well.

    September 28, 2008 12:46 pm at 12:46 pm |
  23. A NATION OF WINERS for OBAMA

    AMERICA, IMAGINE IF YOU HAD ACTUALLY ELECTED

    A REAL WAR HERO & A MAN THAT HAS A DOCTORATE

    IN THE LAW OF THE LAND, INSTEAD OF A BABBLING

    IDIOT, WHO CAN'T EVEN SPEAK THE ENGLISH LANGUAGE.

    GUARANTEED A KERRY ADMINISTRATION WOULD NOT

    NOT, NOT IN A 1000 YEARS LED TO THIS CATASTROPHE.

    BUT WE HAD TO HAVE COWBOY FOREIGN POLICY AND

    COWBOY ECONOMICS. NOW WE HAVE A SENILE, IGNORANT,

    UNEDUCATED, GREEDIER OLD BIGOT GOING FOR IT.

    September 28, 2008 12:46 pm at 12:46 pm |
  24. VETS4Obama

    ANOTHER reason not to vote for Republicans and McBush!! How many disasters do we have to fix thanks to these clowns and their bankrupt ideology?

    September 28, 2008 12:46 pm at 12:46 pm |
  25. Central Scruitinizer

    Wow. McCain has retracted a statement made by Palin. Maybe he should allow her to clean up her own messes. I bet he stands behind her at the debate and will "retract" her statement that may make her look like a moron. Errrr make that a sub-moron.

    September 28, 2008 12:47 pm at 12:47 pm |
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