Election 2008

McCain campaign suspension, McCain campaign hold
Gerald Herbert/AP

McCain Calls For Campaign Respite to Work on Economy Fix

September 24, 2008 05:17 PM
by Josh Katz
John McCain says he will suspend his campaign and travel to Washington to deal with the economic crisis. He has asked Obama’s campaign to postpone Friday’s debate.
In a statement, Ariz. Sen. John McCain’s said he will put his presidential campaign on hold beginning Friday to address the economic crisis. He is trying to have the Commission on Presidential Debates postpone the debate scheduled to occur on Friday because of the economic emergency, and he is working with Ill. Sen. Barack Obama’s campaign to have the debate’s date changed.

Sen. McCain said he will halt his campaign “after addressing former President Bill Clinton’s Global Initiative session on Thursday and return to Washington to focus on the nation’s financial problems,” The Huffington Post reports.

McCain advisors claim the suspension is a needed response to the financial crisis, not a campaign ploy at a time when polls suggest that the Arizona senator might be losing ground to Obama, MSNBC reports.

The Bush administration has proposed a $700 billion federal bailout to buy bad mortgage debt securities, but the proposal has lost momentum as members of Congress debate the necessary amount of oversight of the spending of that money.

It has become clear that no consensus has developed to support the Administration’s proposal,” McCain said. “I do not believe that the plan on the table will pass as it currently stands, and we are running out of time,” The Washington Post reports.

McCain said he also wants President Bush to initiate a meeting in the Capitol of congressional leaders, including Obama, to debate the Wall Street woes.

The campaign also claims that McCain will no longer be appearing as a guest on the “Late Show With David Letterman” tonight, according to The Washington Post.

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