September 29th, 2008
04:00 PM ET
6 years ago

Obama says 'stay calm,' McCain camp slams Democrats

 Sen. Barack Obama says he thinks lawmakers will be able to get a rescue package through Congress.
Sen. Barack Obama says he thinks lawmakers will be able to get a rescue package through Congress.

(CNN) - Sen. Barack Obama expressed confidence Monday that lawmakers would come through with a financial rescue package, while John McCain's campaign accused Obama and Democrats of putting "politics ahead of country."

Obama told voters at a campaign event in Denver, Colorado, that it's important to "stay calm, because things are never smooth in Congress."

"There are going to be some bumps and trials and tribulations and ups and downs before we get this rescue package done," he said. "I'm confident that we are going to get there, but it's going to be a little rocky."

Shortly before Obama's event, the House of Representatives rejected a $700 billion plan to bail out the financial system, putting a roadblock in front of the largest government intervention in the market since the Great Depression.

Republicans and Democrats blamed each other for the failure of the bill, which President Bush had urged Congress to approve.

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Filed under: Candidate Barack Obama • John McCain
soundoff (226 Responses)
  1. Dave, Central Illinois

    You can thank Barney Frank and Chris Dodd for their support of using Fanny and Freddy to give away loans to those who cannot possibly afford them. Thank God the bill failed. Why should I pay for someone elses house when I have to struggle to make my bills every month. The Democrats buy votes with giveaways and look at the mess they created. The jerks have the gall to blame free marketers like "real" Republicans. Let Freddy and Fanny die! I say Government should lend money to deserving lenders so they can buy the bad debt and let those lenders forclose and collect the debt. Enough free-loaders.

    September 29, 2008 04:25 pm at 4:25 pm |
  2. MN

    My favorite line of this article?

    "McCain didn't vote."

    Seems there was a lot of that going on with McCain... he's missed more votes than anyone else in the Senate. It's too bad he didn't have this, "I work for the American people" attitude when he WASN'T running for president.

    As a side note, I think it is admirable of Obama to try to show some leadership and keep his cool during these times. I like that.

    September 29, 2008 04:25 pm at 4:25 pm |
  3. Bob Indianapolis IN

    Sen. John McCain (R-Ariz.) and his top aides took credit for building a winning bailout coalition – hours before the vote failed and stocks tanked.

    The rush to claim he had engineered a victory now looks like a strategic blunder that will prolong the McCain’s campaign’s difficulty in finding a winning message on the economy.

    Shortly before the vote, McCain had bragged about his involvement and mocked Sen. Barack Obama for staying on the sidelines.

    WOW, NO WONDER HE'S SO TESTY! LOSS OF STREET CRED IS TOUGH!

    September 29, 2008 04:25 pm at 4:25 pm |
  4. Janine

    Obama is right. Running around like a chicken with our heads cut off and playing the blame game doesn't solve anything.

    September 29, 2008 04:25 pm at 4:25 pm |
  5. Tired of W, OH

    A majority of Republicans voted against the bailout and McCain is blaming Democrats for the failure?!? Hothead McCain is at it again....

    September 29, 2008 04:25 pm at 4:25 pm |
  6. Independent FL voter

    So Barack Obama is telling the nation to be calm and have faith, and the McCain camp continues to attack the "Demmycrats". Who is acting presidential, and who is whining like a child? Meanwhile, Rep. Boehner claims the bill failed because mean old Nancy Pelosi hurt the little Republicans' feelings. Did she take their milk money too?

    Cry me a river, Boehner. My 401K is in the tank, and it's your party's fault. No more Republican rule and ruin. Obama/Biden 2008.

    September 29, 2008 04:25 pm at 4:25 pm |
  7. Liz

    I wish we would stop blaming each other and just work together to get this economy working again. If we really love America so much we would make that effort and stop bad mouthing each other. If we do not get the economy working for us again, then we can say goodbye to all the good things we have gotten accustomed to. That's why we have to elect an experienced person in the White House to get us out of this mess. We cannot afford to have someone going into the White House who has to learn on the job as we cannot afford any more losses in the economy or we will definitely be in a depression before we know it.

    September 29, 2008 04:25 pm at 4:25 pm |
  8. cb from la

    Instead of comming up with a plan the McCain campaign as usual attacks Barack Obama This is really getting lame.

    Obama/Biden 2008-2016

    September 29, 2008 04:26 pm at 4:26 pm |
  9. Red Rotor

    Let me get this straight. The Republicans tell me this entire mess is because of the Democrats, yet they were in total power for at least 6 years and did nothing about it? The Republicans also tell me they would work with Democrats now to fix this mess and they had ONE WEEK to put together something they could live with but at the end of the day – the couldn't do it?

    When are we going to lock the Republicans OUT of Washington and not let them come back in for 1 year until they can prove they should have the right to participate in government again????????????

    September 29, 2008 04:26 pm at 4:26 pm |
  10. rachel

    I say let the economy hit rock bottom if that's what it takes. When some millionaires in Washington start going broke may it will hit home. I work at a 2 year technical college in the financial aid office. This whole thing is a mess. Students are having problems getting loans in the past 4 months, Afg, citibank, chase bank, TCF and now Edamerica have gotten out of family federal educationl loan program or have not had the money to make good on the promissory students have signed to get their loan money. I wouldnt be surpised if Wachovia is the next to drop out. Students who are counting on the loan funds to live while they are in school have had to wait and wait and wait and some are still waiting.

    September 29, 2008 04:26 pm at 4:26 pm |
  11. Slash

    Yeah, it's the Dems who swallowed their pride and voted WITH Bush on this that are to blame for it failing, not the 2-1 majority of House Republicans who voted against it.

    McCain, what kind of idiots do you take us for?

    September 29, 2008 04:26 pm at 4:26 pm |
  12. Al, NY NY

    I love one of the reasons why the GOP members voted against it.."they said bad things about our moronic president and his 8 years of complete failure" Well the truth hurts doesn't it? And with saying that, who is putting politics ahead of the people? The GOP for pouting because of a comment about Duh-bya.....disgusting

    September 29, 2008 04:26 pm at 4:26 pm |
  13. Shannon

    shows what he knows, where is the leadership, we are failing here, and he is confident. Wow, I feel so much better.

    September 29, 2008 04:26 pm at 4:26 pm |
  14. Jennifer

    So nice to see Sen. McCain showing that bipartisanship and leadership he's always claiming he has. Blaming the opposition is always a great example of that.

    September 29, 2008 04:26 pm at 4:26 pm |
  15. Ken in Dallas

    Well, isn't that SPECIAL!?!

    I guess Wall Street's voting for a bailout with a 777-point drop today, but will anybody care between now and the first time a major business misses payroll?

    We might as well stay calm, we're already broke.

    Who wants to find out how much worse it gets?

    September 29, 2008 04:26 pm at 4:26 pm |
  16. Sarah Bell

    God help us all!!! America is a diabetic who has 2 choices. Amputate a limb or die. We've decided to keep the leg and hope for the best. God help us. This is the end.

    September 29, 2008 04:27 pm at 4:27 pm |
  17. Boye

    Now this is the sign of a true leader, nothing can be achieved by throwing blame around.

    September 29, 2008 04:27 pm at 4:27 pm |
  18. smartguy

    MCcain really shaked things up this time ......

    September 29, 2008 04:27 pm at 4:27 pm |
  19. Vegas

    "stay calm, because things are never smooth in Congress."

    How would he know? He's never there!

    September 29, 2008 04:27 pm at 4:27 pm |
  20. TKW- New Mexico

    Thank you President Obama! I applaud your presidential qualities (calm response to chaos, giving the public information about what's really going on, etc.). Unlike your opponent, with irrational statements, erratic behavior, lying to the American people, etc. I'll take the smart one for $100, Alex!

    September 29, 2008 04:27 pm at 4:27 pm |
  21. jfs Memhis, Tn

    He's the man.....................he has been absolutely correct with the economic issues so.....far. i trust what he says and believe in his policies.

    September 29, 2008 04:27 pm at 4:27 pm |
  22. todd

    sure they will!!

    September 29, 2008 04:27 pm at 4:27 pm |
  23. nate

    That's right McLame it's the Dems fault for the Rethuglicans voting NO to clean up their huge mess, Seven and a half years of failed Rethuglican policies coming home to roost, 90% of which you backed, and you still want to balme someone else. GET REAL!!!!! No McLame/Failin.

    September 29, 2008 04:27 pm at 4:27 pm |
  24. malclave

    The Democratic party is in the majority. AFAIK, the House does not have a rule corresponding to the Senate's cloture vote.

    Pelosi does not need Republican votes unless she's trying to override a veto. If she wants to blame Republicans who didn't vote for the bill... she needs to also condemn those in her own party.

    September 29, 2008 04:28 pm at 4:28 pm |
  25. GG

    Leave it to John McCain to point fingers and play the same "it's his fault" games that my children do.

    In the meantime, Obama is showing his true leadership once again by telling us the truth and remaining calm.

    There's no question of who the next President should be.

    Obama/Biden 2008

    September 29, 2008 04:28 pm at 4:28 pm |
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