20 thoughts on “Suspended?

  1. Alright. I want to hear from the conservatives on this one. Are you buying any of this “I’m putting my campaign on hold to go to work for the American people” stuff?

    Because to me he’s looking like a deer in headlights. His campaign got upstaged by his running mate, then when things cooled off on that he found himself with a 9-point deficit in the polls almost overnight. The economy is one of his perceived weaknesses, and it’s all anyone cares about these past couple of weeks.

    And now he wants to duck Obama in the debate, and call a timeout to regroup.

    I’m biased, but that’s how it looks to me.

  2. To me it looks like Martin Obama doesn’t care about his actual first real job enough to take time from his wonderful speech giving to get back and represent the people of Illinois at a time of need.

    Do recall these are the two party leaders now and both sit in the senate and are still senators campaign or not. I am sure a debate on foreign policy really matters to people right now correct?

    But I’m biased and am going to fake outrage over something to try and get the feel for what its like to be a liberal.

  3. @Pdog: At least I know I can always count on you to bring the anger and sarcasm right out of the gate! 😆

    Seriously dude. The Martin Obama stuff really does wear pretty thin, and kind of makes you sound like a racist. I love ya bro, but I’m just sayin’. You’re better than that.

    Congress was nearing an agreement and didn’t need John McCain to come swooping in to save the day. It smells like a campaign stunt. An attempt to position himself as the candidate who’s “truly working for the American people.”

    And spare me the “doing his job as Senator” stuff. He hasn’t cast a vote since April.

    @Mudpuppy: I watched that this afternoon. It was interesting to see Letterman try to walk the line between being a comedian and all out agitation.

  4. sorry shane, you know i don’t see the two of them going through the same old motions as done every previous 4 years as being a “debate”. though, i think obama might actually disagree with mccain, unlike the zombie john kerry and the pushover al gore.

  5. As an Obama supporter, I would like to see him put the campaign aside and deal with some current events too. I supposed they both could have done this minus the fanfare. I have to agree with Pdog their first jobs are as senators and a foreign policy debate seems kind of off center right now. I think it would work well for either candidate to set the debate aside and then toot their horn once a bill has been passed.

  6. The debate is Friday night at 9PM EST. According to members of Congress, they were already on the verge of making a deal anyway (expected this afternoon). I still contend that there was/is no need to reschedule the debate. And a worldwide financial crisis certainly seems like appropriate fodder for a debate on foreign affairs.

    This is how House Financial Services Committee Chairman Barney Frank put it::

    “We’re trying to rescue the economy, not the McCain campaign. All of a sudden, now that we’re on the verge to make a deal, John McCain airdrops himself in to help us make a deal?”

    The fanfare was my problem. Both Obama and McCain could have simply come to Washington to advise whatever committee sought their help. And they’re both there now at the President’s request anyway. But McCain went cowboy rescue ranger on us all by calling a press conference to announce the dramatic suspension of his campaign. It’s almost as if the same exact moment he decided to “do his duty” and head to Washington, he immediately started spinning it.

  7. Pdog, atleast call him by his real name…it’s just as…awesome a tactic to piss off supporters!!!
    on a more serious note, it’s hard to say whether McCain is doing this for campaign points or simply because he does care.
    also, neither of them are strong on the economy. i’ve heard neither of them offer any true case for why they’re superior to the other (feel free to bombard me with links shane…)
    i really doubt that mccain needs time to regroup so he can debate obama. that’s just juvenile to think that obama is so superior to mccain that mccain would be scared to face him.
    i think i could debate obama and make valid points…i just wouldn’t sound so much like a preacher (insert MLK joke here)…i’d sound more like a real person.

  8. I’ll take Barack Hussein Obama over the Martin Obama thing. That just doesn’t sit well with me. In my opinion it just diminishes MLK’s accomplishments and historical significance, while simultaneously making the subtle statement that all prominent black people are essentially the same.

  9. Since one of the two of them will be president I think they should get in there and help shape it now. They’re the ones who will be spending the next 2 years in clean-up mode over this (if we’re lucky).

    Of course he’s going to spin this, Shane, don’t be naive. Obama would spin it if he needed it. They’re politicians. They both spin. You just like Obama so you don’t mind his spin.

    I will say that McCain’s an idiot if he doesn’t show up tomorrow and Obama does. Political suicide.

  10. Hm..didn’t answer the original question. Yes, I think McCain is both for real and trying to spin this to his advantage.

    Both candidates should be well-advised of what’s going on…especially since it’s going to be one of the major topics in the debate, plus they should have some voice in what’s to come. A week off the campaign wouldn’t hurt either of them.

    I think McCain knows this BUT I also think it’s a handy way to fix a few problems he has right now so it gets the big song and dance. I honestly think he could make the debate but this pumps up the crowd and tries to give him a pre-debate edge as a ‘hard worker for the American people.’

    He needs that in a week when frustration against big business Republicans is riding high.

  11. barney frank D, of course that is what he says??? is he going to say we are so glad mcain is coming back to do his job?

    i also agree that i don’t think mcain need extra time to debate, if there is any tactics in it, which i am sure there are some, it is just to point out who takes their job seriously.

  12. This just in… Congress reached an agreement on the bailout.

    The agreement Barney Frank said they were close to reaching yesterday. They reached it by the afternoon of the following day. Both parties and both houses. While McCain was “not campaigning” at the Clinton Global Initiative, shortly after he was “not campaigning” with Katie Couric last night. Long before Bush was scheduled to meet with McCain and Obama.

    The White House and Congress are expected to reach agreement on the proposed changes this afternoon.

    It was posturing. A chance for McCain to be seen as a hero who swooped in and saved the day, when in reality an agreement had pretty much already been reached without him. He saw an opportunity to grandstand and he took it. Good for him.

    But spare me all of this “who takes their job seriously” nonsense. Neither he nor Obama have cast a Senate vote all summer as they’ve both switched gears into full-time campaigning. That statemet either applies to them both, or doesn’t apply to either of them equally.

    He didn’t need to rush back to Washington. And even if he felt the need too, he didn’t need the uber-dramatic dog and pony show of “suspending” his campaign.

  13. Of course he’s going to spin this, Shane, don’t be naive. Obama would spin it if he needed it. They’re politicians. They both spin. You just like Obama so you don’t mind his spin.

    I’m not naive. I know how the game works.

    Obama’s spin was to reach out to the McCain campaign first thing yesterday morning to have the two campaigns issue a joint statement. That was posturing on his part too – no doubt. He wanted to be seen as the one taking initiative to reach out across party lines to address a crisis.

  14. Ok, so apparently apologies are in order. As it turns out, an agreement wasn’t reached. In fact, the whole thing pretty much broke down.

    So instead of riding in on a white horse to save the day, somehow McCain managed to turn an apparent slam dunk into an absolute cluster f…. Ok, so maybe it wasn’t him. But blame seems to be pointed toward the House Republicans. The party that some here have argued he’s now leading.

    And while we’re on it… Did McCain ever actually “suspend” his campaign? Not according to Ben Smith.

    John McCain sought to change the subject from his out-of-touch response to the economic crisis with a big announcement that he was “suspending” his campaign. But the only thing McCain really wants suspended is the American people’s disbelief. In fact, he’s been in full campaign mode the entire time.

    Instead of heading to Washington right away, Senator McCain stuck around in New York to do TV interviews, spend the night, and give a scheduled speech. Though the McCain campaign announced yesterday that they were also “suspending” their attack ads, they continued to run Thursday.

    When McCain finally arrived in Washington, almost twenty-four hours after his announcement – and after Congressional leadership announced a deal in principle – he huddled with his lobbyist campaign advisors while his running mate held a political rally and his political spokesmen and surrogates were out in full force, continuing to attack Barack Obama.

    So make no mistake: John McCain did not “suspend” his campaign. He just turned a national crisis into an occasion to promote his campaign. It’s become just another political stunt, aimed more at shoring up the Senator’s political fortunes than the nation’s economy. And it does nothing to help advance this critical legislation to protect the American people during this time of economic crisis.

  15. McCain’s move to go to Washington is politically a good move in that it plays into his “Country First” message.
    Secondly, McCain responded to this crisis by going to Washington. Obama said he would go if called upon. This could be spun by the republicans as leadership vs. a vote of present.
    Thirdly, I agree with Tamara. Although McCain and Obama are just 2 of 100 senators, one of them will be responsible for dealing with this mess and it will likely define their first term. They should be there. It is being billed as a “Once in a Century” Crisis

    Fourthly, Barney Frank thought Frannie and Freddy were doing fine when the republicans wanted to increase regulation in 2005…which could have saved us from alot of this mess…and now we are trusting him with the bailout?? I can see why Mccain would want to be there…oh yeah, McCain sponsored the bill Frank and the Dems shot down.

    With all that said, the bailout is a mess. Nobody knows the value of what “we the people” are buying for $700Billion ..or what the effects of the bail out will be. (How did we come to that number again…oh yeah…we picked it because “We just wanted to choose a really large number.”) The senate banking committee is in way over their heads.

    This is far from a slam dunk.

  16. I was intrigued by Obama as a canidate for awhile but after going to both a Mccain and Obama rally here in Jacksonville I must say Ive lost about all intrest in him as a canidate. He drew about 15,000 or so people and gave a speech with no substance. And his supporters were about as uniformed as could be, a very negative experience on a whole.

    as to the question I think that is where Mccain should be as well as Obama this bailout sets a precident like no other in American history.

  17. This is from Ron Paul…check it out if you care to. He knows more about the economy than Obama and McCain put together.

    Dear Friends:

    The financial meltdown the economists of the Austrian School predicted has arrived.

    We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to be allowed. By doing more of the same, we will only continue and intensify the distortions in our economy – all the capital misallocation, all the malinvestment – and prevent the market’s attempt to re-establish rational pricing of houses and other assets.

    Last night the president addressed the nation about the financial crisis. There is no point in going through his remarks line by line, since I’d only be repeating what I’ve been saying over and over – not just for the past several days, but for years and even decades.

    Still, at least a few observations are necessary.

    The president assures us that his administration “is working with Congress to address the root cause behind much of the instability in our markets.” Care to take a guess at whether the Federal Reserve and its money creation spree were even mentioned?

    We are told that “low interest rates” led to excessive borrowing, but we are not told how these low interest rates came about. They were a deliberate policy of the Federal Reserve. As always, artificially low interest rates distort the market. Entrepreneurs engage in malinvestments – investments that do not make sense in light of current resource availability, that occur in more temporally remote stages of the capital structure than the pattern of consumer demand can support, and that would not have been made at all if the interest rate had been permitted to tell the truth instead of being toyed with by the Fed.

    Not a word about any of that, of course, because Americans might then discover how the great wise men in Washington caused this great debacle. Better to keep scapegoating the mortgage industry or “wildcat capitalism” (as if we actually have a pure free market!).

    Speaking about Fannie Mae and Freddie Mac, the president said: “Because these companies were chartered by Congress, many believed they were guaranteed by the federal government. This allowed them to borrow enormous sums of money, fuel the market for questionable investments, and put our financial system at risk.”

    Doesn’t that prove the foolishness of chartering Fannie and Freddie in the first place? Doesn’t that suggest that maybe, just maybe, government may have contributed to this mess? And of course, by bailing out Fannie and Freddie, hasn’t the federal government shown that the “many” who “believed they were guaranteed by the federal government” were in fact correct?

    Then come the scare tactics. If we don’t give dictatorial powers to the Treasury Secretary “the stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet.” Left unsaid, naturally, is that with the bailout and all the money and credit that must be produced out of thin air to fund it, the value of your retirement account will drop anyway, because the value of the dollar will suffer a precipitous decline. As for home prices, they are obviously much too high, and supply and demand cannot equilibrate if government insists on propping them up.

    It’s the same destructive strategy that government tried during the Great Depression: prop up prices at all costs. The Depression went on for over a decade. On the other hand, when liquidation was allowed to occur in the equally devastating downturn of 1921, the economy recovered within less than a year.

    The president also tells us that Senators McCain and Obama will join him at the White House today in order to figure out how to get the bipartisan bailout passed. The two senators would do their country much more good if they stayed on the campaign trail debating who the bigger celebrity is, or whatever it is that occupies their attention these days.

    F.A. Hayek won the Nobel Prize for showing how central banks’ manipulation of interest rates creates the boom-bust cycle with which we are sadly familiar. In 1932, in the depths of the Great Depression, he described the foolish policies being pursued in his day – and which are being proposed, just as destructively, in our own:

    Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion.

    To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection – a procedure that can only lead to a much more severe crisis as soon as the credit expansion comes to an end… It is probably to this experiment, together with the attempts to prevent liquidation once the crisis had come, that we owe the exceptional severity and duration of the depression.

    The only thing we learn from history, I am afraid, is that we do not learn from history.

    The very people who have spent the past several years assuring us that the economy is fundamentally sound, and who themselves foolishly cheered the extension of all these novel kinds of mortgages, are the ones who now claim to be the experts who will restore prosperity! Just how spectacularly wrong, how utterly without a clue, does someone have to be before his expert status is called into question?

    Oh, and did you notice that the bailout is now being called a “rescue plan”? I guess “bailout” wasn’t sitting too well with the American people.

    The very people who with somber faces tell us of their deep concern for the spread of democracy around the world are the ones most insistent on forcing a bill through Congress that the American people overwhelmingly oppose. The very fact that some of you seem to think you’re supposed to have a voice in all this actually seems to annoy them.

    I continue to urge you to contact your representatives and give them a piece of your mind. I myself am doing everything I can to promote the correct point of view on the crisis. Be sure also to educate yourselves on these subjects – the Campaign for Liberty blog is an excellent place to start. Read the posts, ask questions in the comment section, and learn.

    H.G. Wells once said that civilization was in a race between education and catastrophe. Let us learn the truth and spread it as far and wide as our circumstances allow. For the truth is the greatest weapon we have.

    In liberty,

    Ron Paul

  18. thanks jimmy! i also would recommend people checking out to get his input. nader had predicted the crisis in july and was mocked by congress. ron & ralph – now there’s a ticket!

  19. ron paul, finally a politician that makes some freekin sense, oh yeah and isn’t afraid to say what might not be popular. i am proud that the republicans made this a ‘cluster f…’ or stood up for what is right and wrecked this thing before it got us into even deeper problems.

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