|The Obama campaign finally comes out with that joint statement, more than 12 hours after Obama contacted John McCain privately, to suggest they put one out, and nearly eight hours after McCain double-crossed him by rushing before television cameras to try his "suspend the campaign!" stunt. Here's the statement:
| Sound principles, and again, Obama waxes presidential, while McCain just goes bat crap crazy. As Chris Matthews said on Rachel Maddow's show tonight, the McCain strategy is that every time the compass needle points to "true north," which is change from the party that's screwed things up, McCain pulls a "razzle dazzle" play. As Chris then said, "do you want four years of razzle dazzle?"
Joint Statement of Senator Barack Obama and Senator John McCain
“The American people are facing a moment of economic crisis. No matter how this began, we all have a responsibility to work through it and restore confidence in our economy. The jobs, savings, and prosperity of the American people are at stake.
“Now is a time to come together – Democrats and Republicans – in a spirit of cooperation for the sake of the American people. The plan that has been submitted to Congress by the Bush Administration is flawed, but the effort to protect the American economy must not fail.
This is a time to rise above politics for the good of the country. We cannot risk an economic catastrophe. Now is our chance to come together to prove that Washington is once again capable of leading this country.”
And in a smart move, I think, the campaign has taken a cue from McCain, and gone their own way, with Obama releasing the following statement on his own:
Speaking for himself, Senator Obama outlined the following principles that he calls on Senator McCain to support:
I believe that several core principles should guide this legislation.
First, there must be oversight. We should not hand over a blank check to the discretion of one man. We support an independent, bipartisan board to ensure accountability and complete transparency.
Second, we need to protect taxpayers. There should be a path for taxpayers to recover their money, and to turn a profit if Wall Street prospers.
Third, no Wall Street executive should profit from taxpayer dollars. This plan cannot be a welfare program for CEOs whose greed and irresponsibility has contributed to this crisis.
Fourth, we must help families who are struggling to stay in their homes. We cannot bail out Wall Street without helping millions of families facing foreclosure on Main Street.
Fifth, we both agree that this financial rescue package should move on its own without any earmarks or other measures. We have different views about the need for other action, but this must be a clean bill.
This is a time to rise above politics for the good of the country. We cannot risk an economic catastrophe. This is not a Democratic problem or a Republican problem – this is an American problem. Now, we must find an American solution.
Labels: 2008 election, Barack Obama, economic crisis, John McCain, politics, presidential candidates, the Bush bailout