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

Obama 'optimistic' a deal can be reached

CNN

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. Luke Brown

    Despite McCain's self-serving political meddling, the country actually might get a bail out plan!

    September 26, 2008 03:48 pm at 3:48 pm |
  2. cHRis, Charleston, SC

    worshington worshington worshington-John McCain and Sara Palin say it the same way. Christ Almighty, last time I checked WASHINGTON had no 'R" in it. SPEAK ENGLISH CORRECTLY!!!!

    September 26, 2008 03:48 pm at 3:48 pm |
  3. Shari, NY

    Re the premature debate victory ad for McCain. If things do not go according to plan his advisors should go back to their clairvoyant and DEMAND a refund.

    September 26, 2008 03:48 pm at 3:48 pm |
  4. Doug R.

    I wonder if Joe LIEberman is going to be in the proximity of McCain during the debate. LIEberman is omnipresent. What's that all about??

    September 26, 2008 03:49 pm at 3:49 pm |
  5. Biff

    Mccain was in the meeting for 40 minutes without uttering a word...

    went to the Senate, where he learned he has no friends there anymore....

    went to house republicans... who orchestrated last night's blow up of the entire process...

    independent but leaning..... change your name.

    September 26, 2008 03:50 pm at 3:50 pm |
  6. mitch

    only president barack is capable of turning this country around.

    September 26, 2008 03:50 pm at 3:50 pm |
  7. disgruntled voter

    Yeah,Obama is optomistic that "someone" can hammer out a plan because he doesn't have a clue. Either way this election goes, half the country's population is going to be unhappy. No matter what kind of "deal" is made over this 700 billion dollar bailout, we'll be in the same position in a couple of years.It's a fact, we're over populating and over consuming. Period. It doesn't help that we have 12 million plus illegal aliens putting the extra strain on our resources and everyojne wants to be so politically correct that they are scared to say what is obvious. We need some major changes, and neither party is going to do 100% of what needs to be done. So. what do we do? We can't keep healing the world when we're going bankrupt and we can't depend on either party. Someone, somewhere needs to come up with some answers. Because at this point it is NOT going to be Obama or McCain.

    September 26, 2008 03:51 pm at 3:51 pm |
  8. Biff

    there is a republican congressman who sent a memo last night stating that "God, Himself" could not have provided them with a better opportunity to distance themselves from the disaster of a president they supported for the last 8 years....

    so they are willing to allow the country to drop into economic abyss TO DISTANCE THEMSELVES from the CURRENT leader of their party..

    GUESS WHO JOINED THEM IN THEIR SUBTERFUGE... mccain.

    September 26, 2008 03:53 pm at 3:53 pm |
  9. andrea

    Funny how they only let pro Obama comments thru. He of course is waiting for that big 20% payout of an earmark for his fraud supporting group ACORN.

    September 26, 2008 03:53 pm at 3:53 pm |
  10. jaye

    So far senator Obama is the only one making any sense at all.
    He's level headed, and he's keeping politics out of this mess.

    On the other hand, Bush and McCain have stroked this for all its worth... and I'm glad to see it backfired on them.

    Vote smart – once you cast your vote it cannot be changed.

    September 26, 2008 03:54 pm at 3:54 pm |
  11. rectors for OBAMA

    McCain, picture yourself lowincome, without health insurance, would the melanoma been caught in time each time you had it? No, , you didnt recognize the econmy was in crisis until you wanted to use it for your own benefit! Americans have seen you for what you are

    September 26, 2008 03:54 pm at 3:54 pm |
  12. Another deregulation failure

    The free market Republicans have pushed deregulation of the financial markets for nearly 40 years and this financial meltdown is the result. McCain has been a bad actor since his intervention for Charles Keating in the Savings and Loan failures of the 1980's. His prior economics advisor Gramm and wife wendy worked hard to prevent regulation of derivatives while Enron robbed the country. Likewise the deregulation of banks under the Republican Congress allowed the dangerous credit default swaps to be used as a completely insane financial instrument. Now the shameless House Republicans claim that they want to protect mainstreet after they outsourced middle income jobs to China, India and Mexico. The free market nut jobs may actually create enough economic chaos to overcome the inherent racism to elect Obama.

    September 26, 2008 03:55 pm at 3:55 pm |
  13. Biff

    the defenders of this republican mess....

    why are you here...

    why aren't you on fox news and drinking red kool-aid?

    answer....

    because THEY need you HERE spreading LIES and MISinformation.

    September 26, 2008 03:55 pm at 3:55 pm |
  14. Ariel

    McCain campaign sending absentee ballot applications to registered democrats or people that have donated to Obama’s campaign. These ballots are deliberately misleading and have postage paid return addresses that are for an election clerk that is outside of your city or town. What this will end up doing is either having your vote not counted, or if you return one of these, they will cite you for election fraud, saying that you already voted absentee. These ballots are only being sent out in ‘purple states’ and this is a big deal.. This is called voter caging, and is a huge problem.

    The McCain campaign is stealing this election as we speak. Please get this information out to as many people as you can, and tell anyone you know who has received one of these ballots that they need to contact their city election clerk or the supervisor of elections immediately. Also call the local media and let them know what is going on.

    Please google information.

    September 26, 2008 03:55 pm at 3:55 pm |
  15. JD FROM NEW YORK

    haters stop hating cause Obama has the intelligence to multi-task!!!!

    September 26, 2008 03:56 pm at 3:56 pm |
  16. ken

    the bwst thing that can happen is that presidential politics get involved in the bail out thats going on , neither have had a vote in whats been happening for over 5 mths now, all the work has been done by both partys seemed to come unravled yesterday by mc cains involvement in the bail out. this had been going on for days without of there help, yesterday even the republicans that morning said they where very close, the mc cain hits town and by the time they meet with bush they had no deal going what so ever, then the washington mutal bank was shut down the biggest bank in the country, this morning you hear on how much mc cain had put into a new deal and by brining the party together, it is what it is politics still even tho this country is going down hill fast they are more worried about the mc cain campain, than the bail out , its all about mc cain just as it was said would happen when he claimed he was shutting down his campain , to save america. all a polictical push to save his campain. he is looseing ,and will keep slideing down hill and that seperates himself from his own campain. again neither pcampains need to be involved. ken

    September 26, 2008 03:56 pm at 3:56 pm |
  17. lyn

    Way to go President Obama ,cool , and Presidential.

    September 26, 2008 03:57 pm at 3:57 pm |
  18. Ex-Republican for Obama

    The republicans added a clause to their response, they want to include more tax breaks for the rich, but by all means take our tax dollars to bail out the rich.

    Republicans are SLIME. McCain showed up and ended all progress and put us back to square one with his pathetic gimmicks.

    We need to build the "bridge to nowhere" and then tell McCain and Palin to take a flying leap off it.

    September 26, 2008 03:58 pm at 3:58 pm |
  19. Joel Strommen

    Please, please do not bail out Wall Street at this juncture. If something must be done it can wait until the next administration is in power. Anything George Bush tells us is suspect, he's lied to the camera before and I will lose even more faith in our nation if we allow something this momentous to be rushed through after one week's deliberation. The next thing I expect to hear is that the government must rush to the aid of the insurance companies. (To think McCain plans to deregulate them for our healthcare system sends shivers up my spine) The democrats should get behind the House republicans and squelch this thing pronto!!!

    September 26, 2008 03:58 pm at 3:58 pm |
  20. Independant

    Thank you Captain Obviouse.

    I can not for the life of me understand why so many people think McCain was wrong to do the job he's been elected to do. Can someone (with more intelligence than many commenting on this blog) explain this lodgic?

    McCain and Obama are both supposed to be first a senator then a candidate for president. Did "NObama" for get that?

    September 26, 2008 03:58 pm at 3:58 pm |
  21. ENE M DIAZ

    PEOPLE ARE ASKED ABOUT THEIR OPINION, WHO THEY BELIEVE ,WIL BE THE WINNER NEXT NOVEMBER, MORE THAN 70% QUESTIONED ON THE STREET,- SAID. THAT MC CAIN IS THE LEADER THAT KNOW HOW THE NATION OUGHT TO BE GOVERNED AND THE USE OF POWERFUL USA POLICIES ABROAD.

    September 26, 2008 04:01 pm at 4:01 pm |
  22. Neico

    What amazes me is that so many people are gullable when it comes to John McCain. In your face he calls you stupid when he stated that the fundamentals of our economy is strong...rewind back to the RNC when he chose Sarah Palin to be his VP and that she had the foreign policy experience...after 3 interviews that's obvious she doesn't. People wake up!!

    September 26, 2008 04:02 pm at 4:02 pm |
  23. Roger

    If you were to make a decision on whether or not to buy a car, it is just you and your spouse getting together to make a decision. When you have a huge organization like Congress with so many members, so many decision elements, you dont butt your head on every discussion. There is a time to listen, a time to speak, a time to step away. Obama knows this. McGimmick on the other hand, want to butt his head in all discussions , effectively throwing a monkey wrench in the discussion machinery. Country first – yeah right ! A wreckless stuntman he is – no wonder he got shot down in vietnam.

    September 26, 2008 04:02 pm at 4:02 pm |
  24. RJ

    Obama attended the meeting called by President because it is his duty as citizen. It doesn't mean he has to agree with the President. It shows his loyalty towards the country irrespective of his party belief. He knows very well it is a bad idea to go to DC and mess this thing up. That only shows he has excellent grasp of issues facing the country. It also shows he thinks strategically. That is what we need in a President when conducting foreign policy. I wish some voters think on issues facing the country and get past their racial prejudice.

    September 26, 2008 04:03 pm at 4:03 pm |
  25. Jan in CA

    I think the point Chris R. made about the econony was interesting: "Who cares more about the average American, the guy worth 150 million with 9 houses or the guy worth a million with only one house" I think if McCain really wanted to ut the country first, he would have quietly gone to Washington, talked to some folks and not made a giant, IRRATIC, PUBLIC DRAMA. McCain never even stopped his ads.

    Obama has proven to be calm, rational, and thoughful before he acts. I definately feel he is showing those with eyes what a good leader looks like.

    September 26, 2008 04:03 pm at 4:03 pm |
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