September 26th, 2008
02:20 PM ET
14 years ago

Obama 'optimistic' a deal can be reached


Watch: Sen. Barack Obama says he is optimistic a deal can be reached on the financial bailout.

(CNN)— Sen. Barack Obama said Friday he is “optimistic” a deal can be reached on the financial bailout and the best way forward is to explain his vision to the American people at the debate in Mississippi.

“I think that there is real progress being made this morning and last night,” Obama told reporters onboard his press plane en route to the debate.

Watch: 'real progress being made," Obama says

The Illinois senator said he had several conversations with Treasury Secretary Henry Paulson, House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid, Sen. Chris Dodd, and other Republicans involved that reassured him progress will be made.

McCain also announced Friday he will head to the debate, feeling sufficient progress on the bill had been made.

Watch: GOP leaders say the return of McCain and Obama helped talks progress

“At this point, my strong sense is that the best thing that I can do, rather than to inject presidential politics into some delicate negotiations, is to go down to Mississippi and explain to the American people what is going on and my vision for leading the country over the next four years,” Obama also said.

Asked if Thursday’s meeting at the White House was a mistake, Obama admitted he wasn’t sure “it was as productive as it could have been,” adding the best move at this point is “to just move forward.”

Both John McCain and Barack Obama are expected back in Washington D.C. after Friday night’s debate to finalize plans for an economic package.

Filed under: Candidate Barack Obama • John McCain
soundoff (202 Responses)
  1. Pam

    So in this meeting with Bush yesterday, Obama was asked what his plan for this bail out is, and he told them. McCain was asked what his plan is, and he deferred to his advisors. Please tell us again why it was so urgent for McCain to get back to Washington?

    September 26, 2008 03:34 pm at 3:34 pm |
  2. Susan

    A leader that is calm and collected in a crisis. That is what I see in Obama. In McCain I see the Road Runner scrambling aound and always falling on his face. President Obama has a wonderful sound to it!

    September 26, 2008 03:34 pm at 3:34 pm |
  3. Becky

    With a degree in journalism, one would think that Sarah Palin would do better with interviews and completing full sentences? Let's not let McCain's so-called "suspension" distract us from Sarah Palin's "bombed" interview with Couric this week.

    September 26, 2008 03:35 pm at 3:35 pm |

    The funny thing is who is going to run this country if Obama wins.
    The Obama people just keep on eating him up. Its like a sickness.

    Hey congress I hear that Iran is attacking America.
    I'm shooting hoops call me if you need me.

    President Obama



    September 26, 2008 03:35 pm at 3:35 pm |
  5. Spencer/Bad Newz, VA

    Wow, republicans are starting to see the light. It's bad when your campaign gets bashed by republicans.

    September 26, 2008 03:36 pm at 3:36 pm |
  6. e.j.mohammed

    Obama showed leadership ,poise, and capability of leading this country through this crisis and any other crisis that may come his way! McCain ran around like he always does catastrophising the situation and calling
    for a halt to campaigning a delay of debating! He really didn't need to go to Washington he should have stayed focused on the debate and his VP
    whom was having a terrible time with her 3rd interview with Katie Couric! Both McCain and Palin looked like they were floundering in shallow water yesterdayI don't think the public is fooled by his reasoning they saw for themselves who looked more Presidential in a moment of crisis!

    September 26, 2008 03:36 pm at 3:36 pm |
  7. JDC // Ohio

    Doesn't take much smarts for Obama to vote "present!"

    September 26, 2008 03:36 pm at 3:36 pm |
  8. H Martin

    JD, I would love to call my Senator however my somewhat Senator is McCain. He is never here and always at one of his many homes. Try to ask a question in his home state of AZ, and you get the same answer time and again Sen. McCain will get back to you he is out of the office at this time. Is he or has he been in office for years? Don't know can't ever reach him.

    September 26, 2008 03:36 pm at 3:36 pm |
  9. Paco


    September 26, 2008 03:37 pm at 3:37 pm |
  10. Baze

    Obama is getting wiser as this process goes on. His remarks hit the bulls eye each time. First it was the President should be able to multi task, and then the injection of Presidential politics into the bailout negociations. Someone needs to tell McCain that we already have a President for right now, and that his responsibility is to ensure America that the next one is competent. What a POS McCain is


    September 26, 2008 03:38 pm at 3:38 pm |
  11. Cleavette

    I am enjoying seeing the Repubs turn on Bush and McCain. Palin doesn't have a clue and should slap McCain for making a bone-head pick.

    Obama-real judgement- real leadership

    September 26, 2008 03:38 pm at 3:38 pm |
  12. Ohh NOO!!

    If the Rep think the insurance thing will work. SPEAK UP. Start with not putting tax payer money on the line but leave room enough to have access to the billions if needed and keep monitoring the situation. I think that is wise. They need to get these bad debts off these companies books. They should give Americans some money and give conditional incentives to restructure some of these mortgage back securities or buy them outright in return for stack in these companies. I don't see why this is so hard.

    September 26, 2008 03:39 pm at 3:39 pm |
  13. Does Obama Palin Comparison?

    Obama better hope so, after he blew thing up at the meeting with the president....First time sitting at the grown-ups' table, and he comes up short...

    September 26, 2008 03:39 pm at 3:39 pm |
  14. denise, pc, fl

    Barack Obama continue to flex his presidential muscle.

    OBAMA '08!!

    September 26, 2008 03:40 pm at 3:40 pm |
  15. Joe

    No one mentioned the fact that OBAMA and the DEMONcrats tried to slide into the bailout bill 100 MILLION DOLLARS for campaigning organization ACORN as an ADD ON!


    You people voting for OBAMA....How many of you supported Bush/Administration AFTER 9/11? Have you forgotten what happen? You all call yourselves Americans...ha! The nerve for OBAMA and his supporters to DISRESPECT McCain after all he has fought for! If you dont like him fine...but come on, getting PERSONAL and being ignorant towards a man that has endured so much!

    How about you ALL MOVE to make me SICK!



    September 26, 2008 03:40 pm at 3:40 pm |
  16. Krissy

    Obama is so poised, and such a LEADER in times of crisis!

    McCain has shown himself to be erratic and dangerously spontaneous. Not only with the debate stunt, but also with his choice of Palin. Her interviews have proven that she truly is not qualified to be VP.

    We need wisdom so much more than brash swagger during these complicated times. Obama is the only candidate who is wise enough to lead our country through this.

    September 26, 2008 03:40 pm at 3:40 pm |


    September 26, 2008 03:41 pm at 3:41 pm |
  18. rowk

    i belive obamas progressive views can really help the united states if he were to be appointed also looking foward to the debate with McCain tonight and thgeir plans for the country.politics are crazy and fun to watch.when these two go head to head in this debate it will be interesting to watch who comes out on a strong supporter of obama and believe his plans for the future are best!

    September 26, 2008 03:43 pm at 3:43 pm |
  19. Silence Dogood

    Of course Obama meddling and posturing is called leadership while the same exact thing from McCain is called a cheap trick.

    Last FactCheck showed Biden with the lie on taxes, but by now Obama/biden can get away with any lie and slander. They can literally stand up and obviously lie and the followers eyes glaze over.

    September 26, 2008 03:44 pm at 3:44 pm |
  20. Diane Kemmer

    Please do not sell out on this financial bailout. keep in mind that main street is tired of wall street and the large money that has been made by the exec.

    September 26, 2008 03:44 pm at 3:44 pm |
  21. Biff

    I challenge any of the Mccain supporters to show me HOW Obama is attempting to take credit for this.....

    please remember... this whole thing was orchestrated by mccain.

    September 26, 2008 03:44 pm at 3:44 pm |
  22. CM

    As usual the GOP zealots here spout off rhetoric that has nothing to do with the posting above.

    A deal was about to be reached but Bush decided to step in and 'fix' that by helping his boy Johnny Mac out. He prob felt bad for destroying the country and GOP and making it tough on Johnny.

    Through all these situations and crises you see McCain making the wrong decisions or saying the wrong things. I don't want another dumb president who shows up 2 days after the stuff hit the fan.

    September 26, 2008 03:45 pm at 3:45 pm |
  23. Michelle in PA

    Very impressive, trying to stay positive and above the fray with what might be the only level head on either ticket at this point (sorry, Joe). Obama is correct in that visibly elbowing his way into ongoing negotiations with all of his entourage, press hangers-on, and etc. at this point is only a distraction, not a help. Keep involved behind the scenes and be there to vote when it's time. That's good judgment.

    September 26, 2008 03:45 pm at 3:45 pm |
  24. Krissy

    Obama did NOT receive more from Fannie and Freddie than McCain. The McCain campaign released those numbers from a poll that EXCLUDED donations made by board members and lobbiests...McCain's base. If you INCLUDE lobbiests and board members, McCain has made 10 times more from Fannie and Freddie.

    McCain's top advisor was getting $15,000 a MONTH from Freddie until August!!!

    September 26, 2008 03:47 pm at 3:47 pm |
  25. Hillary 2012

    Current momentum has to be continue till Nov 4th

    September 26, 2008 03:47 pm at 3:47 pm |
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