McCain says hopes to support bailout plan

[maddezmom]

Source: Reuters

McCain says hopes to support bailout plan
Sun Sep 28, 2008 9:48am

WASHINGTON, Sept 28 (Reuters) - Republican presidential candidate John McCain said on Sunday he hoped to support a $700 billion Wall Street bailout package that has been brokered by the Bush administration and the U.S. Congress.

"Hopefully yes," the Arizona senator said when asked whether he would support the deal.

"This is something that all of us will swallow hard and go forward with," he said on the ABC television network. "The option of doing nothing is simply not an acceptable option."

McCain said the principles that he had laid out for such a deal had been met, including taxpayer protection, an oversight body, and provisions that prevented excessive compensation for corporate chief executives.

McCain said he would consider another stimulus package to help the economy but indicated the last one had not been very successful.


Read more: http://www.reuters.com/article/governmentFilingsNews/idUSN28334823820080928

---

and this:

McCain claims bailout credit
By MIKE ALLEN | 9/28/08 9:42 AM EDT Text Size:



Previewing a McCain campaign message for the days ahead, top strategist Steve Schmidt claimed Sunday that Sen. John McCain (R-Ariz.) is responsible for the tentative agreement on a mortgage bailout that congressional leaders announced shortly after midnight.

Schmidt was appearing on NBC’s “Meet the Press” with David Axelrod, the Obama campaign’s chief strategist, who ridiculed the McCain claim as “a little bit of fiction.”

McCain initially took a low-profile role in the bailout debate, saying little at a White House meeting and not even saying which version he favored. His campaign released a list of 17 phone calls he had made on Saturday, from President Bush 11 House members.

Schmidt argued: “Earlier in the week, when Senator McCain came back to Washington, there had been no deal reached. … What Senator McCain was able to do was to help bring all the parties to the table, including the House Republicans.”


more:http://www.politico.com/news/stories/0908/14032.html

[peacebird]

1. "McCain said the principles that he had laid out for such a deal had been met"

:wtf:
the principals he lists (taxpayer protection, an oversight body, and provisions that prevented excessive compensation for corporate chief executives) are what was already agreed to BEFORE he rode in and blew up the deal..!

[Amerigo Vespucci]

2. "Swallow hard and go forward"...

[Zenlitened]

3. Well, he is a man who's true to his word, so what could go wrong?

:spray:

'Course, his "word" has a habit of changing on a daily basis, lately.

Guess it will all depend on which the wind is blowing.

[Democat]

4. Hope Team Obama is planning a trick on McCain somehow

Now is the time to find a way to throw McCain under the bus one way or another.

[BlueManDude]

5. If I were Pelosi and Reid I'd make the GOPers vote first.

[jkilvik]

6. If Wall Street is happy, McCain is happy....

McCain will probably get some traction on Wall Street for having helped successfully intimidate the Democratic Congressional Leadership into reducing the sanctions of the bailout bill to little more than a wrist slap and a promise to sin no more but I think most people understand that rolling the Democratic Leadership and giving BushCo most of what they wanted did not require much time or effort.

[maddezmom]

7. Earmarks aside, McCain would have said yes to bill

Earmarks aside, McCain would have said yes to bill
By DAVID ESPO – 16 minutes ago

WASHINGTON (AP) — Republican presidential candidate John McCain said Sunday he probably would have voted for legislation to keep the federal government running after midweek, even though it was packed with the kind of "outrageous pork-barrel spending" he has long opposed.

"That's the way they always do," the Arizona senator said dismissively of fellow lawmakers. "You put in the, you put in the good deals, and then you put in the pork, as well." He said separate votes should be allowed on the bill's different provisions.

McCain did not vote on the measure when it cleared Congress on Saturday, although he returned to Washington after Friday night's campaign debate in Mississippi. McCain said he was working on other matters at the time of the vote, including negotiations on a bailout of the financial industry.

"I certainly would have done everything in my power to remove those earmarks," he told ABC's "This Week" in an interview. "But I may have voted for it if, I probably would have ended up voting for it, but I decry a system where individual members are, are faced with taking all this unacceptable, outrageous stuff that has contributed to the largest growth in spending since the Great Society."

more:http://ap.google.com/article/ALeqM5iE2JCSH5p9r2GBkQWS9TWAMzmuvQD93FQ8O82

[BearSquirrel2]

8. He was against it before he was for it ..

He was against it before he was for it!!!

[Doctor_J]

9. His flip-flopping and general erratic behavior have made him as irrelevant as Smirk

Other Repukes were laughing and rolling their eyes at him during the meetings last week.

[dixiegrrrrl]

10. Many other reports earlier said McCain did a seagull:

ie: flew in uninvited, made a lot of noise, shit on the proposal, then left.