September 25th, 2008
05:46 PM ET
14 years ago

Bailout meeting ends; Bush says group will continue work

[cnn-photo-caption image= caption="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. Dave, Illinois

    Who cares what Obama has to say. He is still campaigning. McCain is putting country first as usual.

    September 25, 2008 06:17 pm at 6:17 pm |
  2. Jeff

    Where's Senator Graham – McCain's economic advisor?...Everyone should remember he is the one who called us Americans whiners about the economy just a few months ago. To me it looks like the RepubliCONS are the whiners, but with good reason...their power is falling as fast as the markets. Welcome to the unemployment line with the rest of U.S.


    September 25, 2008 06:17 pm at 6:17 pm |
  3. Arizona Demo

    I have been watching this on CNN and now the Republicans, thanks to John McCain say that there is no deal on House Republican leader has a "new proposal", one that McCain likes better. This is nothing more than a scared candidate looking to shore up his own image at the expense of the American people. AND HE WAS AND IS PART OF THE ORIGINAL PROBLEM A FREE MARKET PROPONENT WHICH GOT US IN THE SOUP THAT WE ARE IN., Anyone who thinks this guy is the answer, boy do I have a bridge to sell you!!!!!

    September 25, 2008 06:17 pm at 6:17 pm |
  4. Baze

    Country first my eye! One way or another McCain is going to make it look like he's a major component in this deal. He's a real POS! Everyone involved in these bailout meetings needs to come out and pointer the finer at McCain as the one messing things up! The market needs confidence! We need to act NOW!


    September 25, 2008 06:17 pm at 6:17 pm |
  5. David Newport, OR

    Who wants to bet what will happen to the gain that the Dow made today in the expectation that this was going to be worked out? I'm betting that it drops 400 points in under 2 hours. If there isn't anything by noon, they are going to have to suspend trading, otherwise the loss will be in the 8-10% range.

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

    My opinion may be in the minority, but I think that All of the US Congresspeople need to be in Washington working on this problem and develop a plan. If campaigning is more important to that person(s), that person(s) need to resign from their position as Senator. (IF YOU ARE NOT GONNA DO THE JOB THAT YOU WERE ELECTED CURRENTLY TO DO, RESIGN!!!!!!!!!!!!!!!! Someone else should have that job!)

    September 25, 2008 06:17 pm at 6:17 pm |
  7. beachgirl

    I hope Bush is not expecting a THANK YOU from the American people. After all, his administration brought to America a lot of negative stuff and he continues to do so until his very last days in the White House.
    Do you remember how great we were when Clinton was in the WH for 8 years???? and look at us now!! how sad!!
    The Bushes need to go back to Texas, dig a big hole in their ranch and burried themselves there!! so we can NEVER see their faces again.

    September 25, 2008 06:18 pm at 6:18 pm |
  8. Lynette

    bail out the rich. We must bail out the rich, afterall tgey are the ones who have been suffering these last 8 years.

    September 25, 2008 06:18 pm at 6:18 pm |
  9. Susan Goudy

    Jack, I was a die hard republican for 30 yrs, but, McCain has turned me to a staunch DEMOCRATE. What games, Obama open your eyes see him for what he is.....just turn that game around and be yourself...don't put your party out there........balls in their court let them get the votes now!

    September 25, 2008 06:19 pm at 6:19 pm |
  10. Michael in Seattle

    This is just a ploy so McCain go bring the rebublicans over, but don't let them fool you please. We as Americans cannot afford 8 more years of the same policies.

    September 25, 2008 06:19 pm at 6:19 pm |
  11. Scott L

    Obama and Biden....let's debate Friday even though our country needs us.


    September 25, 2008 06:19 pm at 6:19 pm |
  12. Bayou Joe

    Same ole Washington politics. More worried about who will get credit than what happens to the financial health of our country. Time to clean
    house and vote all the incumbents out.
    For those of you who think that this is as bad as it gets, I have some news: Obama will make it worse with his indecision.
    NOBAMA in 08.

    September 25, 2008 06:20 pm at 6:20 pm |
  13. Mr Republican

    The meeting is over? Too bad, we had all the treasonous criminals all in one room.

    September 25, 2008 06:20 pm at 6:20 pm |
  14. Barney

    So – everything was decided.

    McCain arrives and everything goes to hell in a hand-basket.

    Definitely the one to run this country further into the ground.

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

    I have never seen such posturing and scheming in all my life! What won't McCain do to win? He and hius ticket mate run from the press, refuse to debate, and now undo all that was done during the past week towards a bail out deal. McCain first...on the straight to hell talk express! He is losing respect even among Republicans as we speak! We still need top see those 1300 pages of medical records of his for longer than 10 seconds. Who soes he think he's fooling. He DOES think we are stupid!

    September 25, 2008 06:20 pm at 6:20 pm |
  16. sky

    The Republicans aren't going to agree with the proposal until John McCain and Pallin don't have to debate.

    September 25, 2008 06:21 pm at 6:21 pm |
  17. Joe

    I can't believe you people
    What in the world does John McCain have to be afraid of? Debating Barack "I don't want to participate in a series of 10 town hall debates" Obama? Debating the issue of Foreign Policy (which people seem to forget IS the issue for debate on Friday)?

    I'm not buying it. McCain is doing what he has always done, his duty. He and Obama are United States Senators and have a job to do, fixing the largest financial crisis in recent memory. Sure they're in a presidential race, but I think they can afford to take time away from campaigning until Monday, to solve something of so great a magnitude. But I suppose that all the Obama supporters think that all good leaders sit on the sideline and talk about what's wrong instead of actually doing something about it!!!!

    September 25, 2008 06:21 pm at 6:21 pm |
  18. Rob

    if its not good for Main Street–he can stuff it . Bush needs to stop thinking of the GOP–their so outdated and out of touch .Mc Cain has 7 house and 13 cars–can we say he's not one of us.

    September 25, 2008 06:21 pm at 6:21 pm |
  19. Becky, Midwest

    I can't stand Obama. A junior Senator thinking he's so much smarter than everyone else. He's so ready to lead. And based on what? Zero accomplishments? And what's he want to do? Grandstand. McCain is wise to want to learn more about the bailout. It's not a political stunt. Obama will go whatever regardless who it affects to get in front of the camera. Shame on him. And his mindless followers. This problem is bigger than Mccain and Obama. McCain recognizes that. Clearly, Obama still has a lot to learn. But I already knew that.

    September 25, 2008 06:23 pm at 6:23 pm |

    Can Bush please end his proposterous idea that the Bush TAX
    for the Richest and the Wealthiest,'
    and the Huge Corporations that make BILLIONS a month!

    Then can Mr. Bush please ask for donations for "favors owed him"
    so that he can use that money to BAILOUT the Banks that ripped us off.

    Now, is the time to admit a big mistake!! Admit a mistake?
    Bush? To the Good people of America? We deserve that much!

    September 25, 2008 06:23 pm at 6:23 pm |
  21. Sin City Indy

    I can't believe these republican scumbags
    They are such jokers they should be at the improv not the white house

    September 25, 2008 06:23 pm at 6:23 pm |
  22. DeniseGA


    McSame has screwed up the progress that was made this morning before he arrived!

    And yes I noticed the smug look on his face as well.

    McSame can't even explain the plan they want.... THAT IS PRESIDENTAL????

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

    O B A M A::::::::


    A G A I N

    September 25, 2008 06:24 pm at 6:24 pm |
  24. DR in Los Angeles

    Miss Bill Clinton?? Are you kidding? No love lost here!

    Obama in '08!

    September 25, 2008 06:24 pm at 6:24 pm |
  25. Diana Ewing NJ

    This is shameful but I am not surprised at this new John McCain.

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