Senator John McCain will appear and debate Senator Barack Obama on the issues tonight at 9 eastern at the University of Mississippi. McCain is reversing his earlier stand. He wanted to postpone the debate until set guidelines for a bail out plan were finalized. Bush officials and hill lawmakers are still trying to hammer out a deal costing at least 700 billion dollars. Former Republican presidential contender, Mike Huckabee said it was a “huge mistake” to discuss cancelling the debate. Senator Barack Obama was always on board for tonight’s match up, feeling this was the time America needed to hear from the Oval Office contenders. The original focus of the debate was foreign policy, but the economy is expected to weigh in heavily. An Associated Press Poll indicates, 60 percent of the nation wanted the pair to debate. What do you think about the decision for both men to appear and what are you expecting?
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The 700 billion dollar bailout plan has not been ironed out. Earlier this week, the hope was that the bill would be passed Friday. Senator John says he will not debate Senator Barack Obama if the plan is not finalized. The debate at Ole Miss would be the first of the verbal match ups between the two presidential candidates. Senator Barack Obama is holding firm to going to Ole Miss for the debate that will focus on foreign policy. The economy was the topic set for the second debate between the two. Critics say the current economic situation goes hand in hand with foreign policy. Do you think the two White House contenders should hold the first debate? Should the debate be postponed?
Reports indicate the economic bailout plan is in disarray after the White House meeting. Prior to the meeting there were accounts of a potential deal on the horizon. President Bush held the meeting as the result of a phone conversation with Senator John McCain this week. The meeting included Senator Barack Obama and Senator John McCain as well as hill leadership. Bush administration officials are now burning the midnight oil to rework the deal. Economists say the deal needs to happen soon to prevent worsening economic problems. One economist from the Joint Centers for Political and Economic Studies says at the very least there is a jobs recession in America. CNN’s Roland Martin thinks John McCain suspended his campaign because of his low poll numbers on the economy. What say you?
Republican John McCain plans to suspend his campaign for the White House to come back to Washington to work on the economy. McCain called President Bush to tell him of his plan. The GOP candidate is also asking Democrat Barack Obama to join him in postponing the first debate to work on the nations financial crisis. As for Senator Obama and the debate. He says, “This is exactly the time the people need to hear from the person, who in approximately in 40 days will have to deal with this mess.” An Obama source says McCain is trying to seem engaged as he is clearly on the ropes over the economy in the contest for the Oval Office. Wednesday, Senator Obama placed the first of several calls between him and Senator McCain to work on a joint statement on the economy. McCain ultimately changed from the original idea.
White House Press Secretary Dana Perino issued this statement about their efforts to work together.
"We welcome Sen. McCain's announcement. We are making progress in negotiations on the financial markets rescue legislation, but we have not finished it yet. Bipartisan support from Sens. McCain and Obama would be helpful in driving to a conclusion. The financial market crisis is a big problem that requires a big solution, and solving this in a bipartisan way will help prevent economic damage spreading from Wall Street to all Americans."
Is this campaign suspension the right thing to do? Should the first debate go on as planned? Is it s a political tactic? what say you?
Tonight at 9 eastern, President Bush delivers a formal speech to the nation. White House Press Secretary Dana Perino says the reason for the address; “Congress is coming closer to a solution on the 700 billion dollar bailout plan.” Reports indicate, Capitol Hill Republicans are saying Treasury Secretary Henry Paulson has agreed to add limits on pay for executives whose companies might benefit from the bailout. Critics of the plan, from both parties, have been demanding the change. As the White House prepares for the speech, they want Americans to understand, it is about fixing the financial system so it will not negatively impact retirement accounts, some mortgages, student loans, and other forms of credit. There is also hope the bail out plan will give employers the ability to do business and create jobs. Mrs. Perino contends, “as we are facing a once in a century crisis in our financial markets,” the nation will tune in to hear what President Bush has to say. The economic crisis in this country has also hit John McCain where it hurts, in the polls. The Washington Post/ABC News poll finds Democrat Barack Obama leading Republican John McCain in the White House bid. The national poll shows 9 points separates the candidates with Obama receiving 52 percent of likely voters to McCain’s 43 percent. The same poll shows Obama has a 14 point lead over McCain on the question of who voters trust to handle the economy. What needs to be done to correct the nations financial woes?