September 30th, 2008
08:40 AM ET
6 years ago

Obama seeks to sell bailout bill

Obama spent Monday evening in Reno working the phones.
Obama spent Monday evening in Reno working the phones.

RENO, Nevada (CNN) - Barack Obama spent Monday night in Reno, Nevada talking with officials in Washington and advisors on the failure of the economic bailout plan in Congress.

According to a senior campaign aide, the Illinois senator's remarks in Reno Tuesday will again center on the economic crisis – and how it could affect the average American.

Watch: House bailout rejected

Specifically, the aide told CNN Obama wants to highlight how the crisis extends past Wall Street and touches everyone – from those with 401K’s, to the small business owner trying to make payroll and families struggling with rising living costs.

After his remarks in Reno, Obama is slated to head to the Midwest for several days of campaigning in Wisconsin and Michigan.


Filed under: Candidate Barack Obama
September 30th, 2008
08:20 AM ET
6 years ago

McCain camp says Obama not leading

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The McCain campaign said obama has failed to show leadership during the economic crisis. (Getty Images)

(CNN) - John McCain's campaign is seizing on the prepared text of Barack Obama's speech Monday in Denver, saying it shows the Illinois senator has been "out of touch" with the unfolding financial crisis and congress' economic bailout plan. (Read the prepared text [PDF])

In the text distributed by the Obama campaign Tuesday morning, Obama was to say, "And today, Democrats and Republicans in Washington have agreed on an emergency rescue plan."

But moments before Obama was set to take the stage in Denver, the House officially rejected the bailout plan, prompting a delay in the Illinois senator's rally and a change in his comments on the bill:

"I am confident we are going to get there but it's going to be sort of rocky. It's sort of like flying into Denver. You know you're going to land but it's not always fun going over those mountains," he said.

McCain spokesman Tucker Bounds suggested the fact the Obama thought the measure would pass was a sign the Illinois senator was not closely involved in helping coral support for the bailout plan.

"When Barack Obama released remarks today that praised the passage of America's economic rescue plan, just before his allies in Congress voted to kill it, it revealed just how out of touch Barack Obama has been during this crisis," Bounds said, adding Obama has "shown failed leadership we can't afford."

In his own rally Monday morning before the House officially rejected the bailout plan, McCain did not suggest the bill would pass but touted his role pushing members of his party to vote for it.

"I've never been afraid of stepping in to solve problems for the American people, and I'm not going to stop now," he said. "Sen. Obama took a very different approach to the crisis our country faced. At first he didn't want to get involved. Then he was monitoring the situation."

The McCain campaign also suggested Thursday Obama deserved much of the blame for the bill's failure, saying the Democratic presidential nominee "put politics ahead of country."

Obama spokesman Bill Burton called those comments "angry and hyper-partisan."


Filed under: Candidate Barack Obama • John McCain
September 30th, 2008
05:46 AM ET
6 years ago

POLITICAL HOT TOPICS: Tuesday, Sept. 30th, 2008

ALT TEXT

CNN: McCain camp says Obama not leading
John McCain's campaign is seizing on the prepared text of Barack Obama's speech Monday in Denver, saying it shows the Illinois senator has been "out of touch" with the unfolding financial crisis and congress' economic bailout plan.

Washington Post: An Appeal and a Blame Game
Reacting to the House's defeat of a $700 billion economic rescue proposal Monday, Sens. Barack Obama and John McCain called on Congress to pass a new bill and then sought to blame each other for the deadlock on Capitol Hill.

Washington Post: Democrats See the Pros and Cons of Letting Biden Be Biden
Introducing Sen. Barack Obama at a rally in Detroit on Sunday, his running mate did not hold back. "John McCain said he'd follow Osama bin Laden to the gates of hell," said Sen. Joseph R. Biden Jr. "Well, let me tell you something: President Barack Obama will follow him to where he lives and then send him to hell."

NYT: Biden’s Debate Prep
Senator Joseph R. Biden Jr., the Democratic vice-presidential nominee, spent most of the day Monday in a hotel suite in Wilmington preparing for Thursday night’s debate.
As practice sessions unfolded behind closed doors, top aides tried, not terribly convincingly, to suggest that Mr. Biden – a two-time presidential candidate, 35-year veteran of the Senate and chairman of its foreign affairs committee – is the debate underdog to Alaska Gov. Sarah Palin.

NYT: Concerns About Palin’s Readiness as a Big Test Nears
A month after Gov. Sarah Palin joined Senator John McCain’s ticket to a burst of excitement and anticipation among Republicans, she heads into a critical debate facing challenges from conservatives about her credentials, signs that her popularity is slipping and evidence that Republicans are worried about how much help she will be for Mr. McCain in November.

FULL POST


Filed under: Political Hot Topics
September 30th, 2008
05:12 AM ET
6 years ago

ON THE TRAIL: Tuesday, Sept. 30th, 2008

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* Sen. John McCain campaigns in Des Moines, Iowa

* Gov. Sarah Palin is in Sedona, Arizona with no public events scheduled

* Sen. Barack Obama campaigns in Reno, Nevada

* Sen. Joe Biden is in Wilmington, Delaware with no public events scheduled


Filed under: On the Trail
September 29th, 2008
05:55 PM ET
6 years ago

McCain camp says Obama not leading

ALT TEXT

The McCain campaign said obama has failed to show leadership during the economic crisis. (Getty Images)

(CNN) - John McCain's campaign is seizing on the prepared text of Barack Obama's speech Monday in Denver, saying it shows the Illinois senator has been "out of touch" with the unfolding financial crisis and congress' economic bailout plan. (Read the prepared text [PDF])

In the text distributed by the Obama campaign Tuesday morning, Obama was to say, "And today, Democrats and Republicans in Washington have agreed on an emergency rescue plan."

But moments before Obama was set to take the stage in Denver, the House officially rejected the bailout plan, prompting a delay in the Illinois senator's rally and a change in his comments on the bill:

"I am confident we are going to get there but it's going to be sort of rocky. It's sort of like flying into Denver. You know you're going to land but it's not always fun going over those mountains," he said.

McCain spokesman Tucker Bounds suggested the fact the Obama thought the measure would pass was a sign the Illinois senator was not closely involved in helping coral support for the bailout plan.

"When Barack Obama released remarks today that praised the passage of America's economic rescue plan, just before his allies in Congress voted to kill it, it revealed just how out of touch Barack Obama has been during this crisis," Bounds said, adding Obama has "shown failed leadership we can't afford."

In his own rally Monday morning before the House officially rejected the bailout plan, McCain did not suggest the bill would pass but touted his role pushing members of his party to vote for it.

"I've never been afraid of stepping in to solve problems for the American people, and I'm not going to stop now," he said. "Sen. Obama took a very different approach to the crisis our country faced. At first he didn't want to get involved. Then he was monitoring the situation."

The McCain campaign also suggested Thursday Obama deserved much of the blame for the bill's failure, saying the Democratic presidential nominee "put politics ahead of country."

Obama spokesman Bill Burton called those comments "angry and hyper-partisan."


Filed under: Candidate Barack Obama • Extra • John McCain
September 29th, 2008
05:50 PM ET
6 years ago

Fact Check: McCain's stance on deregulation

Sen. McCain made a statement Monday after the $700 billion bailout plan failed to pass in the House.
Sen. McCain made a statement Monday after the $700 billion bailout plan failed to pass in the House.

The Statement: At a campaign rally Monday, September 29, in Denver, Colorado, Democratic presidential nominee Sen. Barack Obama once again charged his Republican opponent, Sen. John McCain, with being a supporter of deregulating financial markets that have since collapsed. "He's fought against common-sense regulations for decades ... and he said in a recent interview that he thought deregulation has actually helped grow our economy. Senator, what economy are you talking about?" Obama said.

Watch: McCain, GOP have failed economic philosophy, Obama says

Get the facts!

FULL POST


Filed under: Candidate Barack Obama • Fact Check • John McCain
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.

Full story


Filed under: Candidate Barack Obama • John McCain
September 29th, 2008
03:18 PM ET
6 years ago

Black Florida congressman apologizes for Palin comments

Rep. Alcee Hastings of Florida is apologizing for recent comments about Alaska Gov. Sarah Palin.
Rep. Alcee Hastings of Florida is apologizing for recent comments about Alaska Gov. Sarah Palin.

(CNN) – An African-American congressman from Florida is apologizing for his comment that black and Jewish voters should not support Republican vice presidential nominee Sarah Palin because "anybody toting guns and stripping moose don't care too much about what they do with Jews and blacks."

"I regret the comments I made last Tuesday that were not smart and certainly not relevant to hunters or sportsmen," Rep. Alcee Hastings said in a statement issued Monday.

Last week, at a panel on the shared agenda of Jewish and African-American Democrats during the annual conference of the National Jewish Democratic Council, Hastings told attendees what he intended to tell his Jewish constituents about the importance of supporting Sen. Obama in November's presidential election. "If Sarah Palin isn't enough of a reason for you to get over whatever your problem is with Barack Obama, then you damn well had better pay attention," Hastings said last week. "Anybody toting guns and stripping moose don't care too much about what they do with Jews and blacks. So, you just think this through," he added

FULL POST


Filed under: Candidate Barack Obama • Florida • Popular Posts • Sarah Palin
September 29th, 2008
03:17 PM ET
6 years ago

Cafferty: Failed bailout = incumbents out?

The Federal Bailout plan did not pass through Congress.
The Federal Bailout plan did not pass through Congress.

All weekend we heard the phrase, "We're making progress." Today, we were assured that House leaders had the votes to pass this humongous bailout bill to save the economy from a meltdown. We should know better.

When the roll was called, the necessary votes were missing. Wall Street was like a yo-yo on a string. At one point, the Dow was down more than 700 points. And it all happened despite the efforts of John McCain to anoint himself the savior of the bailout package. It turns out members of McCain's own party balked at voting for the bailout in the house.

To read more and contribute to the Cafferty File discussion click here


Filed under: Cafferty File
September 29th, 2008
02:55 PM ET
6 years ago

House Republican leader says no revote on bailout Monday

WASHINGTON (CNN) - Rep. John Boehner, the Republican leader in the House of Representatives, says the chamber will not vote again Monday on a $700 billion plan to bailout the financial services sector, after it was dramatically defeated on the floor.

Watch: 'It's not Wall Street's fault'


Filed under: Congress • John Boehner
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