September 28th, 2008
01:10 PM ET
14 years ago

How helpful were McCain and Obama in bailout negotiations?

[cnn-photo-caption image= caption="Congress and lawmakers have been working around the clock to reach a deal for the financial rescue plan."]
WASHINGTON (CNN)—Now that Congress and lawmakers have reached a tentative agreement on the financial rescue plan, some Senators are beginning to weigh in on how helpful or unhelpful it was to have their collegues John McCain and Barack Obama back in Washington D.C.

"I actually think Senator McCain and Senator Obama were one of the catalysts of this effort," Republican Senator Judd Gregg told CNN's Wolf Blitzer. "Having them here in Washington highlighted dramatically for the American people just how dangerous this situation was to folks on main street."

Not everyone is in agreement with Gregg. Also appearing on CNN, Senator Chris Dodd echoed a line from many of his Democratic colleagues, saying their presence had the adverse effect.

"Will all due respect," Dodd said. "That delayed and slowed down this process. I think we would have gotten closer to an agreement," had they not come "parachuting in."

He added, "Respectfully, John McCain did not help. In my view, that was a political stunt."

Senator John McCain, who suspended his presidential campaign last week to focus on the financial crisis, said Sunday he was not looking for credit, that Congress and Treasury Secretary Henry Paulson are the ones who deserve all of the credit for the bailout negotiations.

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Filed under: Candidate Barack Obama • Chris Dodd • John McCain
soundoff (115 Responses)
  1. Trish A

    I agree with Senator Dodd. McCain's attempt to post pone the Presidential Debate was just of his self serving tactics, another ploy. He should have known Obama would not fall for such a transparent stunt. McCain like always is looking for praise where none is deserved! Just like Palin's ludicrous statement on pakistan from a Philly Burger Restaurant and McCain's less than convincing statement as a cover up! Are these two for real? He has a VP for crying out loud who is pontificating in public using Obama's stand on the issue! Can it get any better worse than that? Give it up while your ahead John and Sarah! You are both more to be pitied than laughed at! I have to wonder, does either of them know where they stand on any given issue? 🙂

    September 28, 2008 03:33 pm at 3:33 pm |
  2. Sammy

    Neither of them probably helped all that much in the grand scheme of things. However McCain's big trip probably set things back a couple more days than there would have been originally. Quite a few house republicans already let it be known they werent happy.... as Cheney knows quite well. However the disagreements normally would have happened in the background as part of normal negotiations. McCain's big announcement caused the democrats to react with a press conference when they shouldnt have, and then that caused the house republicans to balk.

    September 28, 2008 03:33 pm at 3:33 pm |
  3. republicans hate america

    What BS with the country first. McCain hates this country and wants to start the draft again. Not with my kids jerk!!

    September 28, 2008 03:33 pm at 3:33 pm |
  4. Annette

    Neither presidential candidates are member off the committees that were meeting to discuss what to do. Obama laid out what he wanted to see drafted in the bail out package, McCain spoke. That's all they needed to do. The high drama from the McCain camp was to divert attenion to his campaign rather then the bail out situation,because that's what the media was reporting.... that's not "country first".

    In the end, you will find that several players contributed to the bail out package, shame on McCain for trying to use this situation as a means to gain attention for a economic crisis that is way above his head.

    September 28, 2008 03:35 pm at 3:35 pm |
  5. Ryan NC

    Does it escape everybody that someone that has been in Congress for 26 years can be a maverick only for two reasons:
    -he is not able to put together, coalesce consesus around his ideas
    -he has ideas that are so out of common sense that they are unacceptable.
    McCain is not a maverick he is marginalized. I like the guy, we need people that think out of the mainstream, but can he lead? I have strong doubts!

    September 28, 2008 03:35 pm at 3:35 pm |
  6. Marge

    The obama support members will say that obama hovered over the meetings and did everything, that all the rest did was agree with him. If he was so wonderful, who come he never did anything in the state of Illinois senate and has the record of the most non-votes with the only exception being a man who had brain surgery, Tim Johnson....He wants to be president so he can sit on his butt and twiddle his thumbs, while the congress and the good old boy blog networks praises him like he was the messiah.

    September 28, 2008 03:36 pm at 3:36 pm |
  7. 12 HOUSES to 0










    September 28, 2008 03:37 pm at 3:37 pm |
  8. barbara miller

    McCain's camp. might want to rethink touting John's "help" with this matter. If they keep doing this, when it appears that it is not true, then they deserve the backlash which will no doubt come.

    September 28, 2008 03:37 pm at 3:37 pm |
  9. Sarah Bell, Cleveland, OH.

    Yea, I would probably believe this latest McCain lie if I hadn't seen with my own eyes John McCain twiddling his thumbs while everyone at the table with the President was speaking and making substantial contributions. He looked like a fool. Like a kid at the adult table.

    September 28, 2008 03:37 pm at 3:37 pm |
  10. Sheila

    McCain should have stayed out of Washington and practiced for the Friday night debate...he was a little flustered because the newbie stood toe to toe with in on the national stage and did an excellent job.

    September 28, 2008 03:38 pm at 3:38 pm |
  11. John

    It would be more accurate to say that McCain "claimed" he suspended his campaign, not that he "did" suspend his campaign. No campaign offices closed. very few commercials stopped playing. His supporters still attacked Obama on television. He still attended campaign related meetings. It was entirely a stunt to steal the day's news cycles.

    September 28, 2008 03:38 pm at 3:38 pm |
  12. Charlotte

    One question. Why is there a need for sub-committees? What purpose do they serve? Sorry, that is two questions.

    September 28, 2008 03:38 pm at 3:38 pm |
  13. rory ryan

    SOE Naing. One sound bite hat you misinterperet and your an expert. Do some research......... idiot

    September 28, 2008 03:38 pm at 3:38 pm |
  14. California Voter

    Obama remains an aloof figure and would rather be on the campaign trail that have his name tied to anything. Remember how he criticized Hillary for voting for a measure dealing with Iraq and the Republican Guard. He was too busy campaigning to vote! His track record is to vote along party lines or "present". I think both should have come to Washington - after all this is the biggest financial crisis this nation has faced and not only will one of the two be President, they are both currently Senators in the US Congress. Spin, spin, spin by the media.

    September 28, 2008 03:39 pm at 3:39 pm |
  15. Larry/TX

    The only reason the House republicans balked on endorsing this plan was because they wanted to create the view that McCain's intervention was necessary to reach a deal...thus ensuring that he gets credit for being a leader. So everyone should stop focusing on merely whether Mccain himself was guilty posturing for political benefit..and recognize that the Republicaan party...and yes...Bush him self ironically was a party to stalling on his own recommendation to benefit Mcsame. What a weird political season tis is. Imagine, the current republican President hoping that his own proposal is deadlocked in bickering so as to provide an opportunity for the newly aspiring republican to gain credit for making it happen...and thusly replace him as the next idiot in charge

    September 28, 2008 03:39 pm at 3:39 pm |
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