Obama, McCain call for bipartisan work on bailout

In Washington today working on an legislation over the proposed $700 billion in cash for a Wall Street bailout, both Sen. Obama and Sen. McCain called for bipartisan unity on reaching a compromised agreement for the American people.

Report from Yahoo News:

NEW YORK – John McCain expressed confidence Thursday that Congress and the Bush administration can reach consensus before markets open Monday on a $700 billion bailout plan to rescue financial institutions from crippling debt.

His Democratic rival, Barack Obama, also called for prompt bipartisan action.

McCain, the Republican presidential candidate, told the Clinton Global Initiative in New York that it’s often difficult to act quickly and wisely. But he said that is what’s required now to come up with a plan that can achieve bipartisan support in the House and Senate.

“Time is short and doing nothing is not an option,” McCain said. He headed to Washington after his speech.

Democratic presidential candidate Barack Obama, speaking to the same audience by satellite later in the morning, agreed that it was imperative to act now in a bipartisan manner.

“Now is the time to come together, Democrats and Republicans, in the spirit of cooperation on behalf of the American people,” Obama said.

Apparently Bill Clinton’s a big fan of both candidates:

Both presidential candidates received high praise from former President Bill Clinton.

Clinton praised McCain on the environment: “When most people in his party had been thinking that global warming was overstated … he decided to look into it.”

In lauding Obama, Clinton referred to a conversation the two men had earlier this month at Clinton’s Harlem office.

“Eighty percent of the conversation had nothing to do with politics and everything to do with the responsibilities of the next president for the welfare of the American people and the future of the world,” Clinton said.

The candidates were equally gracious to Clinton, thanking him for his work with the initiative.

  • JD

    “Obama, McCain call for bipartisan work on bailout”

    That was close. I thought they were going to call for parisan bailouts. lol.

    Nothing like the political game to state the obvious.

  • “Nothing like the political game to state the obvious.”

    Truer words were never spoken.

  • I’m still trying to figure out where the $700Billion figure came from, why not $500Billion or $1Trillion?

  • Alucard

    Ben Dover,

    “This is to the war conspiring folks: If McCain is McBush, Obama appears to be O’Bush.
    Obama wants to send more and more troops into Iraq/Iran/Pakistan to end the war quicker.. isn’t that what we have been doing?”

    This is not what we have been doing. We are currently sitting ducks in Iraq and making the situation worse. We are occupying Iraq as peace force to protect Iraq. The problem is the war is not in Iraq and our enemy is not in Iraq. The “bad guys” are in Afghanistan and occupying the borders of Pakistan. That’s where the extremists responsible for 9/11 are. It’s a fact and all our leaders agree on that. Your right Obama wants to send more troops just like McCain. But Obama wants to put pressure on the Pakistani Govt to cooperate with us to take out these extremists, which at the current time Pakistan is playing both sides. So what we have is us on one side, Bin Laden on the other and Pakistan in the middle with a pissed off Iran as well. Obama wants to launch a full scale attack against The \extremists/ with the cooperation of Pakistan and our NATO allies assistance to get the focus back on what we went there for. McCain wants more troops but to my knowledge he has no plan that he has revealed other than, send more troops. I disagree with McCain because his attitude is he “follow these guys to hell”. That may be taken out of context but that is a quote. I don’t want anyone with that loose a tongue guiding the lives of my brothers. I have no intentions of going to hell. Iraq was the enemy of these extremists and by camping out with them and not engaging the extremists we are letting them build up their forces 10 fold. Meanwhile, our troops fight only when some extremists decide to make the trip and attack us. but that’s it, that’s not fair to our troops and it’s not fair to the tax payer that are financing this volatile vacation our boys and girls are on.

    “Also, in early October, Obama told a TV reporter in Iowa that he had made a conscious decision to stop wearing a flag pin on his lapel, a standard fashion accessory for American politicians since 9/11.
    Real Patriotic.”

    It’s not something that started since 9/11. This is a very old tradition that has been going on for well before 9/11. What’s your background dude? I don’t want to speak for This Obama guy but it’s my belief he equates this to political propaganda. The Nazis wore political propaganda on the person, remember that? If this is your beef with Obama that’s pretty petty dude considering the real issues on the table right now.

    “Democrats have larger pre-voting turnouts than Republicans, why? Democrats sit around wanting more money, and have time. Republicans work, and make a living. Republicans arn’t home all day waiting for at-home surveys.”

    I employ a lot of Republicans and Democrats. Now what kind of guy would I be if I had your same conviction towards one party or another? I’ll tell you what you didn’t make any Republican points with this belligerent post.

    It seems to me you don’t have your facts straight as PeoplePower has stated, I’m not taking sides just calling them like I see them. Just a little suggestion… a little ‘stright talk’ for ya. Your not doing your party any good by posting non-factual, dogmatic, opinionated assertions. It only encourages the intelligent undecided masses to sway towards the opposition.

    I too work and may not have the facts on the war exact as I pay a lot more attention to the market, if any disagree with my understandings of the war please post “In response to Alucard”, Thanks

    McCain ‘08
    Good day, good evening, good try.

  • Alucard

    Ben Dover,

    “This is to the war conspiring folks: If McCain is McBush, Obama appears to be O’Bush.
    Obama wants to send more and more troops into Iraq/Iran/Pakistan to end the war quicker.. isn’t that what we have been doing?”

    This is not what we have been doing. We are currently sitting ducks in Iraq and making the situation worse. We are occupying Iraq as peace force to protect Iraq. The problem is the war is not in Iraq and our enemy is not in Iraq. The “bad guys” are in Afghanistan and occupying the borders of Pakistan. That’s where the extremists responsible for 9/11 are. It’s a fact and all our leaders agree on that. Your right Obama wants to send more troops just like McCain. But Obama wants to put pressure on the Pakistani Govt to cooperate with us to take out these extremists, which at the current time Pakistan is playing both sides. So what we have is us on one side, Bin Laden on the other and Pakistan in the middle with a pissed off Iran as well. Obama wants to launch a full scale attack against The \extremists/ with the cooperation of Pakistan and our NATO allies assistance to get the focus back on what we went there for. McCain wants more troops but to my knowledge he has no plan that he has revealed other than, send more troops. I disagree with McCain because his attitude is he “follow these guys to hell”. That may be taken out of context but that is a quote. I don’t want anyone with that loose a tongue guiding the lives of my brothers. I have no intentions of going to hell. Iraq was the enemy of these extremists and by camping out with them and not engaging the extremists we are letting them build up their forces 10 fold. Meanwhile, our troops fight only when some extremists decide to make the trip and attack us. but that’s it, that’s not fair to our troops and it’s not fair to the tax payer that are financing this volatile vacation our boys and girls are on.

    “Also, in early October, Obama told a TV reporter in Iowa that he had made a conscious decision to stop wearing a flag pin on his lapel, a standard fashion accessory for American politicians since 9/11.
    Real Patriotic.”

    It’s not something that started since 9/11. This is a very old tradition that has been going on for well before 9/11. What’s your background dude? I don’t want to speak for This Obama guy but it’s my belief he equates this to political propaganda. The Nazis wore political propaganda on the person, remember that? If this is your beef with Obama that’s pretty petty dude considering the real issues on the table right now.

    “Democrats have larger pre-voting turnouts than Republicans, why? Democrats sit around wanting more money, and have time. Republicans work, and make a living. Republicans arn’t home all day waiting for at-home surveys.”

    I employ a lot of Republicans and Democrats. Now what kind of guy would I be if I had your same conviction towards one party or another? I’ll tell you what you didn’t make any Republican points with this belligerent post.

    It seems to me you don’t have your facts straight as PeoplePower has stated, I’m not taking sides just calling them like I see them. Just a little suggestion… a little ‘stright talk’ for ya. Your not doing your party any good by posting non-factual, dogmatic, opinionated assertions. It only encourages the intelligent undecided masses to sway towards the opposition.

    I do work and my understanding should be fairly accurate regarding the war but I spend more time watching the market, if anyone has a different understanding please post “In response to Alucard” so we can discuss this further, thanks

    Good day, good evening, good try.