September 28th, 2008
11:00 AM ET
15 years ago

Candidates say they'll probably support bailout bill

[cnn-photo-caption image= caption="Obama and McCain said sunday they would probably vote for the proposed bailout plan."]
(CNN) - Sens. Barack Obama and John McCain said Sunday they would probably vote for the government's proposed bailout legislation once they check out the final details.

Congressional lawmakers announced early Sunday they made "great progress" toward reaching a deal on the White House's proposed $700 billion bailout plan.

Rep. Barney Frank, D-Massachusetts, said the final plan will be a compromise that includes some of the original Bush administration proposals and elements demanded by congressional negotiators.

In an interview Sunday on CBS' "Face the Nation," Obama said he had not reviewed the language of the latest proposal, but he said if the core principles he put forth were incorporated into it, his "inclination" would be to vote for it.

The Illinois senator said the final deal must include strong oversight, make sure taxpayers share in any gains when the market recovers, provide relief for homeowners, and make sure taxpayers' money does not go toward any executives' bonuses.

Obama told CBS that it appears those principles have been included, and if that is the case, "my inclination would be to vote for it, understanding I'm not happy about it. We should have never gotten into this place in the first place."

Full story

Filed under: Candidate Barack Obama • John McCain
soundoff (136 Responses)
  1. The COSMOS and McCain ROCKS!!!

    »Americans WAKE UP Before its TOO LATE»Do you REAALY WANT(?!) a uSA President with an ARABIC NAME?!?!??!...Are you going INSANE or what?!??!...The GREAT John McCain is the MAN,and he has a American name(John McCain) and nOT some Arabic(?!) name.Are we in Asia,Indonesia or are we in America?!?!!...McCain/Palin 08=OF COURSE!...

    September 28, 2008 12:58 pm at 12:58 pm |
  2. Tom in Delaware

    Would somebody stick a microphone in Bill Clinton's face and ask him why he signed into law the sub-prime loan packages for Fannie and that asking too much of MSM?!?

    September 28, 2008 12:59 pm at 12:59 pm |


    Shame on us for electing lawmakers who supported deregulation in the first place! This is what we get for not making lawmakers be accountable to US and for foolishly believing that they have been looking out for us this whole time.

    I'M SO MAD!

    September 28, 2008 12:59 pm at 12:59 pm |
  4. GARY

    Why dont you Obama supporters stinken haters get a life. Your like your arrogant canidate that kept interupting Mccain while he was debating. Mccain had more respect to not intervere with O.B. when he was talking. Mccain didn't need to look at Obama when he was talking. He was talking to the audience you morons. Why should he bow to your messiah when he gets disrespect while talking.Mccain is the only one that can keep our country safe. Obama is a big joke like his hating supporters.Sure they will vote the bail out. Obama talked and act more like bush at the debate than Mccain. O.B. talks change ,but couldn't get from under the past with Irag and Bush. Mccain/Palin country first

    September 28, 2008 12:59 pm at 12:59 pm |
  5. Olivia

    Thank you, John McCain, for looking out for the american workers by making that trip to the hill to look after our interests.
    You have been put down unfairly by some dems and Obama, but the house republicans have said you contributed constructively, and we thank you.

    September 28, 2008 12:59 pm at 12:59 pm |
  6. (CNN) Breaking News:

    This just in. We can now report that Sasquatch is alive and well and living in Alaska. The proof has been confirmed. The fact that Sarah Palin was elected to the top of the Alaskan political food chain indicates there are thousands of the species living in quiet and remote villages, throughout Alaska.

    Update: The manual dexterity and mental acuity of Sasquatch has also been confirmed and evidenced by the fact thousands of the members of the aforementioned Sasquatch villages were able to find and pull the voting lever for Palin in the last gubernatorial election!

    Stay tuned for further updates!

    September 28, 2008 01:00 pm at 1:00 pm |
  7. The COSMOS and McCain ROCKS!!!

    »Americans»WAKE UP before its TOO Late»Do you REALLY WANT(?!) want a AMERICAN President with a ARABIC name?!??!?!...Is everybody going NUTS or what?!???!!!...The GREAT man John McCain = a TRUE AMERICAN should be our next President,and NOT someone with a ARABIC name??!!!...Get it??!!...Are we in Asia,Indonesia or are we in AMERICA?!?!?!...

    September 28, 2008 01:00 pm at 1:00 pm |
  8. lyn

    I just don't trust McSame of what he say anymore ,he and his VP is nothing but lies,he steels Obama lines, Obama is right we should have never gotten into this mess in the first place and McSame is part of that mess, McSame talk of foreign knowledge ,yet Obama beat on the debate on foreign knowledge. Wake up America and vote for Obama & Biden .

    September 28, 2008 01:01 pm at 1:01 pm |
  9. alexa

    how great. Isn't there an alternative? Obama? McCain? Ideas!?

    September 28, 2008 01:01 pm at 1:01 pm |
  10. The COSMOS and McCain ROCKS!!!

    »McCain/Palin=Presidential DREAM Ticket/Team=The WINNERS,of course. The Americans are NOT dumb.

    September 28, 2008 01:01 pm at 1:01 pm |
  11. Ron L

    I just have one thing to say...

    September 28, 2008 01:01 pm at 1:01 pm |
  12. Lynn: 60 yr old white Obama supporter

    Guiliani's law firm is actively advertsing to help corporate clients access this baliout money. This is the man that McCain had speak for
    \him after the debate instead of his VP candidate. Just more sleaze!!

    September 28, 2008 01:02 pm at 1:02 pm |
  13. Monkey see monkey do

    Don't go out on a limb now and tell us what you support and WHY... just keep playing it safe.

    Us voters love that decisive leadership style.

    McCain was on the right track going to Washington to get something done. Now he has backed off to be as safe as Obama is.

    September 28, 2008 01:02 pm at 1:02 pm |
  14. The COSMOS and McCain ROCKS!!!

    »Sarah Palin=Beautiful,clever,honest,very CAPABLE=This lovely Lady is our next Vice-President.The GREAT Sarah Palin is MUCH BETTER than that fellow called "Joe something"???!!?!...

    September 28, 2008 01:03 pm at 1:03 pm |
  15. Mike in California

    Dick Morris stated on Fox News that (McCain would ride into Washington on a White horse and save the day and then loop around to the debates on his White horse). Sounds like the only horse stuff here is what comes out of the back end of the horse.To be sure he must cover his horse hocky mouth.

    GO Obama.....You are a stand up guy.

    September 28, 2008 01:03 pm at 1:03 pm |

    To all the ditto heads screaming Obama will introduce the United States to socialism. Since republicans appear to have a difficult time with both facts and how to obtain them, and ditto heads seem partial to having decisions spoon fed to the them in small easy to remember sound bites, much like a baby eating his or her daily morning pabulum, therefore I have done the research for you.

    “All socialists share the belief that capitalism unfairly concentrates power and wealth into a small section of society who control capital, and creates an unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.[1]”.

    One of the extents to achieve socialism is called “social democracy”.

    “Social democrats propose selective nationalization of key national industries in mixed economies combined with tax-funded welfare programs”.

    As a result, under the last 8 years of republican control in the White House now and control of Congress since 1996 until 2007 the U.S. government now owns an insurance company, two main home financing companies and very soon will own investment and banking firms both national and international in what used to be the private sect.

    The bill that will introduce us to socialism is now in Congress and was introduced by republicans under President George W. Bush

    So, to recap:

    President Obama will INHERIT an economy that is ALREADY a democratic socialist economy that was set up as a welfare program to bail out the fat cats on Wall Street!

    September 28, 2008 01:03 pm at 1:03 pm |
  17. Joseph Regis

    The Dems will get America out of the mess the republicans jeft us.

    Obama/Biden will bring good time back to America.

    Obama/Biden 08/12.

    September 28, 2008 01:04 pm at 1:04 pm |
  18. The COSMOS and McCain ROCKS!!!

    »Sarah Palin=WONERFUL Lady=Our next Vice-President. Yes.

    September 28, 2008 01:05 pm at 1:05 pm |
  19. auggie

    NO! please donot support this! The majority of voters don't want this bailout! Think of us for a change.

    September 28, 2008 01:05 pm at 1:05 pm |
  20. Martha Hussein Baker for Barack

    I agree with Chris Rock. I'm voting for the guy with ONE HOUSE.



    September 28, 2008 01:05 pm at 1:05 pm |
  21. Ed, Santa Fe, NM

    Old man McCain has no clue what he's doing... suspending his campaign? retracting Palin's moronic comments about Pakistan? trying to play superhero in an economic bailout he doesn't even understand?

    Even from the vantage point of McCain's NINE homes and THIRTEEN cars, the old man and his beer-queen wife clearly have NO CLUE what's going on in Middle America.

    September 28, 2008 01:06 pm at 1:06 pm |
  22. The COSMOS and McCain ROCKS!!!

    »Sarah Palin=WONDERFUL Lady=Honest Leader=Our Next Vice-President.Yes.Of course.

    September 28, 2008 01:06 pm at 1:06 pm |
  23. annie - never again a dem.

    cnn – since you are so up on everything obama does perhaps you can explain his TRUTH SQUAD in MO.

    September 28, 2008 01:07 pm at 1:07 pm |
  24. John Starnes Tampa Florida

    That Paulson, former head of Goldman Sachs, would even insist on secrecy and immunity from court review and oversight, of his and Bush's $700 BILLION Wall Street bail out, makes even more clear that the last thing they are concerned about are the CITIZENS of this country who would be forced by the IRS to fork over the money. America has truly become a plutocracy, a nation of, by, and for the super-wealthy. Time for citizen revolt, say by 50 million of us "forgetting" to file next April!

    September 28, 2008 01:08 pm at 1:08 pm |
  25. Charlotte

    McCain put forth core principles and people said he had no business being in Washington since he was not on the committee? Is Obama on the committee? He doesn't hold meetings on committees he chairs why would he have input in this committee? Senators and Congressmen discuss and debate their positions and submit them to the committees for consideration. They wheel and deal among themselves in order to get earmarks attached to bills. This is serious business, Obamas' position on everything seems to go in reverse. We should never get to such and such a point is his answer to everything? There comes a time when the why is irrevelant and the how do we fix it is the most important. His not voting for the war has nothing to do with how we fix it. His plan to shuffle the troops from Iraq to Afghanistan will do nothing to stop the cost of war. We have the worst deficit ever and he is still proposing tax cuts? Can people not see through this hyperbole? Neither candidate will achieve their campaign promises. Sarah Palin isn't part of Washington and her lack of expertise on Foriegn Affairs falls to the number one guy, McCain. In the debates I heard Obama defer to the number two guy, Biden on Foriegn Affairs. The Democratic ticket needs to be reversed with Biden on top. Hillary should have been the number one with Obama number two. The Dems. would have had a landslide victory. I stll may write her on my ballot in November. I do believe Sarah will add a common voice to the politics of Washington. We need someone to speak for main street, and can related to the cost of a gallon of milk, a loaf of bread and a dozen eggs. It will be up to the President to deal with world leaders, the Secretary of State, Secretary of Defense and all the other Secretaries are there to advise are they not? I want someone who can order a Phillycheese steak for themselves.

    September 28, 2008 01:09 pm at 1:09 pm |
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