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Front Page: Bailout Plan Hits Stalemate, Debate Remains Doubtful, Terror Suspects Held on Plane

  • Bailout Plan Hits Stalemate:
    Negotiations over the plan to rescue Wall Street have ended in a "shouting match," with Republican members of Congress blocking the government plan after discussion with President Bush. Bush just gave a short statement outlining how the legislative process isn't pretty. Both sides are resuming talks later today with Nancy Pelosi saying there will be an agreement because, "it has to happen."
  • Debate Remains Doubtful:
    The first debate between McCain and Obama appears doubtful as negotiations over the economy continue in Washington. Obama says he plans to travel to the University of Mississippi where the debate is scheduled to begin at 9 p.m. ET. McCain says "I'm very hopeful that we'll get enough of an agreement tomorrow so we can make this debate." McCain is returning to Capitol Hill today.
  • Terror Suspects Held on Plane:
    Two terror suspects have been arrested in Germany on a plane preparing to take off. The two Somali men had been under surveillance for months and were said to have been "possibly planning attacks" having left suicide notes behind in their apartments saying they wished to die in a "holy war." The plane was eventually allowed to take off following the arrests and a luggage search.
  • Source

Join The Conversation
CYL CYL 8 years
Biden VS Palin..come on! That's why they are VP to step in for the President when they are busy!
liliblu liliblu 8 years
Ima I'd forgotton that McCain announced he was running for President on Letterman.
Imabeliever Imabeliever 8 years
Saying Letterman is just a variety show to McCain would hold more water if it wasn't the first forum McCain used to announce he was running for President. He had a good relationship with Dave.. until he lied to him and said I have to cancel and RUSH back immediately to Washington. Then Dave cut live during his taping to McCain sitting at the CBS set getting his makeup touched up for an interview with Couric and then didn't leave until half way through the next day. A personal phone call lie to a friend is still a lie. Dave is the third person I think on record lately to basically say Who the hell is this guy cause it isn't the McCain I have known for all these years.
hypnoticmix hypnoticmix 8 years
All I know is if they spend an hour arguing over who was being political over this at the debate I'm going to be one pissed off Diva.
Jude-C Jude-C 8 years
Well, he may not have been much help with the bailout, but "suspending" the campaign and rushing back to Washington sure did take the news focus away from Obama's surge in the polls, you know? ;)
Woop Woop 8 years
"McCain met with House GOP leaders before heading to the White House, but neither party seemed to know what they were talking about: Boehner and McCain discussed the bailout plan, but Republican leadership aides described the conversation as somewhat surreal. Neither man was familiar with the details of the proposal being pressed by House conservatives, and up to the moment they departed for the White House yesterday afternoon, neither had seen any description beyond news reports. At 1:25 p.m., McCain left Boehner’s office through a back door, walking across the Capitol’s rotunda to the applause of tourists. Graham conceded the group knew little about the plan the nominee had come to Washington to try to shape."
hypnoticmix hypnoticmix 8 years
Yeah after seeing Gov. Palin's Q & A's since she's been chosen it would do her well to pull some all nighters and do some research.
em1282 em1282 8 years
Well, whatever McCain's plans are, don't ask Sarah Palin about them. ;)
Jude-C Jude-C 8 years
Well...that campaign suspension and trip to Washington sure did turn out to be an unproductive wash, didn't it?
The Republican candidate, according to sources with direct knowledge, sat quiet through most of the meeting, never offered specifics, and spoke only at the end to raise doubts about the rough compromise that the White House and congressional leaders were nearing. McCain's reluctance to jump on board the bailout agreement could throw the entire week-long negotiation into a tailspin. Sen. Chris Dodd, after leaving the White House, suggested on CNN that the tenuous process could be derailed by what he viewed as McCain's political motives. "What happened here, basically, if you want an honest appraisal of the thing, we have been spending a lot of time and I am tired. I have spent almost seven straight days at this in trying to come out with a workout plan for our economy a rescue plan," said Dodd. "What this looked like to me was a rescue plan for John McCain for two hours and took us away from the work we are trying to do today. Serious people trying to do serious work to come up with an answer." According to the source with knowledge of the White House gathering -- which featured both presidential candidates, congressional leaders and the President -- virtually ever key figure in the room, save McCain and GOP Sen. Richard Shelby, were in agreement over a revised version of Treasury Secretary Hank Paulson's plan. Towards the end, McCain finally spoke up, mentioning a counter-proposal that had been offered by some conservative House Republicans, which would suspend the capital gains tax for two years and provide tax incentives to encourage firms that buy up bad debt. McCain did not discuss specifics of the plan, though, and was non-committal about supporting it." At White House, McCain Plays Bailout Spoiler
liliblu liliblu 8 years
Hypno, exactly. Where does he stand? What does McCain think is the best course of action.
organicsugr organicsugr 8 years
I think someone plans to do just that tonight, liliblu.
hypnoticmix hypnoticmix 8 years
What I don't get is Sen. McCain raising all the hubbub about being there to help sort out the issues and by all accounts he was relatively silent in the meeting. What the heck was that all about?
liliblu liliblu 8 years
I'd like to ask John McCain what plan does he support? He has to take a position.
organicsugr organicsugr 8 years
Yeah, fewer regulations and lower tax rates have never lead to a profitable industry. That's for sure.
mydiadem mydiadem 8 years
I thought McCain's big campaing point was that he can work bipartisanly! Maybe only when he was a Senator, now that he is running for Pres. it seems like he is a completely different person.
mydiadem mydiadem 8 years
That huffington post article made me lose more and more respect for McCain! I used to be a supporter of his until he started pandering to the extreme right in his party! UPDATE: CBS News reports that McCain's alternative proposal includes "fewer regulations and corporate tax breaks"." Fewer regularions and more tax breaks? Come on! Even Paulson said this won't work. He is obviously just trying to inject presidental politics into an already difficult situation. Even anything it seems he is making this worse!
liliblu liliblu 8 years
"Who's to blame for the fact that we're talking about "ifs"? "At the White House, the gathering turned contentious when House Minority Leader John A. Boehner (R-Ohio) brought up a new set of principles that conservative House Republicans had been laid out earlier in the day," Shear and Weisman report in the Post. "Boehner's move was received poorly by Obama and the other Democrats, who quickly pressed McCain to say whether he supported Boehner's position, according to a detailed account of the meeting. McCain declined to commit, one source said." "Mr. Boehner pressed an alternative that involved a smaller role for the government, and Mr. McCain, whose support of the deal is critical if fellow Republicans are to sign on, declined to take a stand," per The New York Times' David M. Herszenhorn, Carl Hulse and Sheryl Gay Stolberg. "The talks broke up in angry recriminations, according to accounts provided by a participant and others who were briefed on the session, and were followed by dueling news conferences and interviews rife with partisan finger-pointing."
liliblu liliblu 8 years
McCain just should have told Letterman that he didn't think it was appropriate to do the Late Show at this time. Simple and honest. Also, I'm annoyed that McCain said he was rushing back to Washington. He stuck around for Clinton's Global Iniative. He has time for that but not for a presidential debate?
GeriAnne1932 GeriAnne1932 8 years
It doesn't really matter that he cancelled on Letterman. Letterman is a late night talk show, much like how Obama cancelled being on SNL during the hurricanes. But they still did the news media. it's a different type of show...I'm not saying I agree with it or disagree with it, but, it's a different sort of campaigning when you go on a show to show your "fun side" as the economy is faltering...that I believe was his intent to show that he was taking this serious.
hope2be hope2be 8 years
I have a comment about McCain's going to Washington, true, I liked/respected that he went to Capitol Hill. BUT. I didn't like how impulsive he is. I'm pretty sure that his team was in 'shock' when he said he'd rather 'suspend' his campaign (I disagreed with suspending anyone's campaign). I even thought it's bad for his campaign, to be completely honest. And now, look, McCain's going back to the debate now. It just makes it really look bad for him, make him look like a flip-flopper who can't stand being jabbed/criticized by the other party. I know that his reason was that the Democrats are playing the blame game on him (hard not to think that when Reid basically skewered McCain in his statement this morning), but STILL, if McCain is really serious about staying and working on the bill, he should just stay regardless the jabs from the Dems regarding McCain's decision. McCain's 'points' in my book has just lessened. As for Obama, I thought that his way of handling is less impulsive, that's what I like about Obama, he's more calculated about his strategy, more thoughtful, which is great in one way, he probably is a better listener than McCain when it comes to his (campaign) advisors. While it is a great point, it also makes me wonder, what if his advisors aren't the 'best' for the country, will he be able to actually say 'hey, I'm doing 'this' regardless what you guys think.'
CitizenSugar CitizenSugar 8 years
CNN is reporting the debate is on. More info to follow!
liliblu liliblu 8 years
Letterman stated that McCain told him that he canceling his appearance on his show to rush back to Washington. Instead McCain did an interview with Katie Couric. McCain did not arrive in Washington, DC until early yesterday afternoon.
Jillness Jillness 8 years
He did cancel on Letterman...but it is my understanding that it was later that day he went to do the interview with Couric. (Dave was pretty peeved!). I have heard that if McCain doesn't show, it will be a townhall meeting with Obama.
N-e-e-c-a-l-l-e N-e-e-c-a-l-l-e 8 years
Jill, I think the "suspension" was carried out after the Couric interview, I know McCain cancelled his appearance on Letterman the other day. As for the debates...I thought I heard Obama or someone from his camp say that he's going to be there regardless of what McCain does. (dont quote me on that) McCain suspending his campaign seems to me like a publicity stunt gone wrong.. and as for the vice presidential debates I think Palin has alot of cramming to do before she can go up against big bad Biden (Love him!)
Jillness Jillness 8 years
DJIA is down 41.09, NASDAQ is down 31.66, S&P down 13.59. Washington Mutual just crashed and burned and now we have the we have "the biggest U.S. American bank failure ever" happening today. According to NPR's Marketplace: "Washington Mutual was seized by the government and then WAMU's assets were bought by JPMorgan Chase for $2 billion." I think that Wall Street is literally holding us hostage. If we don't take measures, they will take us all down with them. Our economy was too dependent on these big companies...but we can't change that now. Shooting ourselves in the foot now will not correct past mistakes. I really HATE the idea of committing that kind of money, but something needs to be done. Some Republicans are suggesting being an "insurer" for the weak companies...but then we don't get our money back. If they approach this as owning stock, the government could then sell the stock after it rises in value. If you go the insurance route, the money just goes out the window. I like the idea in the House agreement that the money would be phased in, $250billion, then $100 billion...and the next $350 billion would have to be voted on by congress and could be vetoed by them.
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