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Paulson Asked McCain to Help

If what Bob Schieffer is reporting is true it pretty much kills the "playing politics" claim the Democrats have been leveling against John McCain. Via Newsbusters:

Here was Schieffer speaking with the Early Show's Maggie Rodriguez at 7:05 AM EDT today:

BOB SCHIEFFER: I am told, Maggie, that the way McCain got involved in this in the first place, the Treasury Secretary was briefing Republicans in the House yesterday, the Republican conference, asked how many were ready to support the bailout plan. Only four of them held up their hands. Paulson then called, according to my sources, Senator Lindsey Graham, who is very close to John McCain, and told him: you've got to get the people in the McCain campaign, you've got to convince John McCain to give these Republicans some political cover. If you don't do that, this whole bailout plan is going to fail. So that's how, McCain, apparently, became involved.
Continued Schieffer . . .

SCHIEFFER: He has gotten what he wants, he's going to have this meeting, kind of a summit today with the president and Barack Obama. I'm told that the leaders of both parties are getting close to having some kind of a bill. The question, though, is whether rank-and-file Republicans, especially, are going to vote for this.

Update: Jennifer Rubin has an excellent piece that makes a whole lot of sense:
I think those postulating a "McCain panic" theory to explain his campaign suspension don't understand, or pretend not to understand, John McCain. This is what he does. He elevates matters he considers higher national priorities above politics, which he finds at some level distasteful. Lots of people differ with his priorities, but that's not at issue. If you look back over McCain's career, he does this again and again: campaign finance reform, immigration reform, the surge and now this. He junks his party and the immediate short term political consequences when he thinks there's something else at play. That, in large part, is what drive his GOP base nuts. And they likely won't be thrilled here.

One can attribute nefarious motive ("Ah! He's just feigning love of country and putting his political career at risk!") or you can take the more mundane explanation: this is how he operates and what he honestly believes. This performance with Katie Couric is plainly him at his best.

As for Barack Obama, I agree with this take that his initial effort to avoid involvement with brokering a deal didn't come off all that well. ("It's shocking that someone who believes himself ready to lead the free world would so brazenly try to dodge any participation in what could be a defining moment in our history.") What was striking about Obama's comment was his remark that if "the Congressional leadership" needed him, he'd be available. It's an odd way to put it -- he is the leader of his party now and he seemed utterly disinterested in doing anything that involved active problem-solving/deal-making. He does, after all, have a current job -- in the Senate.

Read it all.

Update II: I have always thought that John Hood is incredibly brilliant and this piece about the proposed bailout only reinforces that opinion.


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Comments (33)

I'm sure Paulson wants help... (Below threshold)
jp2:

I'm sure Paulson wants help from any source he can get. Passing his "emergency" bill is of utmost importance to his job/future.

But that's beside the point regarding McCain's "time out." Your "article" makes no dent whatsoever in the fact that McCain is using this to stall for time and try to do anything to help his plummeting campaign. It's a shameful and transparent ploy that everyone is seeing pretty clearly, Lorie. (Even your beloved Fox/WSJ called him out this morning)

Sad and pathetic leadership.

LOLThanks for the ... (Below threshold)
epador:

LOL

Thanks for the satire jp2, I didn't know ya had it in ya!

Oh, you were serious?

ROFLMAO. THat's even funnier!

*sigh*I said a cou... (Below threshold)
Clint:

*sigh*

I said a couple of weeks ago, after seeing Schieffer interviewing McCain, that he should have been Palin's first interviewer.

A fair, decent journalist from another era, when journalists were at least honest.

It makes sense to see what ... (Below threshold)
Tim:

It makes sense to see what McCain and Obama think about the situation, because one of the two is going to be President by the time it takes effect.

I don't see the big deal in... (Below threshold)
Dee:

I don't see the big deal in McCain going back to D.C. to get Republicans to vote for this bill. Reid and Pelosi have said they would not pass it without Republican support. Well, guess what? There is limited to no Republican support. Call it a political stunt, ploy, desperation move, whatever -- I find it funny that he is desperate even though he only trails Obama by 2 points in the latest polls. But nonetheless he is the leader of the Republican Party and his party is about to vote no on this bill.

I don't think McCain gives a shit what anyone thinks about his move to be honest.

There were some pretty kook... (Below threshold)
Adrian Browne:

There were some pretty kooky theories going around as to why McCain doesn't want to attend the debates but you have to hand it to Scheiffer for doing the tough investigation necessary to get to the truth.

He sez:

"according to my sources, Senator Lindsey Graham . . . "

Good to know journalism isn't dead yet.

Tim, it doesn't matter if i... (Below threshold)
Pam:

Tim, it doesn't matter if it takes effect. All McCain and Obama need to show the American Public is that they had their noses to the grind stone, getting it done.

I also think, as was McCain's attention, this really puts a focus on who is a leader, and when they have the first debate, foreign policy, there will be a huge tune in factor.

One of the reasons Obama wanted the foreign policy debate first, and on a Friday, was to get it over with the fewest possible viewers watching. Well guess what, he (Obama) can kiss that secnero (sp) goodbye.

McCain took Obama to the woodshead on this one big time. And did anyone else hear Clinton on the Today Show. Goood Stuff, Good Stuff!

Only thing shameful and tra... (Below threshold)
R:

Only thing shameful and transparent are your feeble attempts to make anyone believe in your Obama.

Let's see: McCain wants to ... (Below threshold)
WildWilliew:

Let's see: McCain wants to help the country out of a very serious financial crisis. Obama and his supporters do not. So, who is putting politics first and country second? Who is willing to win a war and lose an election? Who is willing to work and do their job and who isn't? Answer that and you have the true leader and the political hack. ww

McCain = craven politics</p... (Below threshold)
JFO:

McCain = craven politics

Obabma = willing to work.

There's your answer WW

It's a shameful and tran... (Below threshold)
Clay:

It's a shameful and transparent ploy that everyone is seeing pretty clearly,

Wow. Things have turned more topsy-turvy than I imagined. Doing the job for which you were elected is now shameful? And ignoring the job with which the voters entrusted you in favor of pursuing the job that you want is now leadership?

No matter how you spin it, jp2, your leader stepped into a major haufen mist. Critical thought belies his machinations.

Considering any package wou... (Below threshold)
jpm100:

Considering any package would probably executed past November and past January, I'm surprised the candidates weren't pulled in sooner actually.

Its stupid for them not to be involved. McCain grandstanded a bit. Obama didn't want to touch it. Which is worse?

Obabma = willing to work... (Below threshold)
Clay:

Obabma = willing to work.

But, not willing to work on the job for which he was elected. So, how can he be trusted with the job he wants?

You Dems can spin all you want. We now have a clearer picture of Obama's character, and the picture gets uglier every day.

What part of "McCain is goi... (Below threshold)
Dee:

What part of "McCain is going to D.C. to get Republicans to vote for this bill" are people on the Left missing? Hello? Reid and Pelosi are not going to pass a Bush bill without Republican support. Bush certainly doesn't inspire the Republicans anymore. So who is left to do so? John McCain. So while Barry is leaving the work up to Frank & Schumer, McCain is working to get this thing passed on his side of the aisle. Paulson called for his help for a reason.

I'm not seeing the point in... (Below threshold)
SAHMmy:

I'm not seeing the point in arguing with Obamatons. They are robots, incapable of rational thought for the most part. They have their talking points and they are sticking to them.

This must be some form of altruism to help nudge them back into Reality, perhaps?

If this is truly a crisis, ... (Below threshold)

If this is truly a crisis, why would anyone want to vote on this issue without having each of the presidential candidates' position on the record.

Anyone who isn't part of the process in shaping the bill, will surely be part of the blame game if it isn't one hundred percent successful.

BHO has proven to be a great critic of other peoples' decisions -- espectially because he hasn't had to make many.

Obabma = willing to work.</... (Below threshold)
ODA315:

Obabma = willing to work.

At what? Running for president? Being a community organizer? Studying Saul Olinsky?

For such a "hard working guy" he must have some extraordinary accomplishments.....(crickets chirping and coyotes howling in the distance).

Yup JFO, the messiah's the "hard worker" we've been waiting for.

LOLOLOL

vnjagvet:And the p... (Below threshold)
JFO:

vnjagvet:

And the perfect place to learn their positions is in a debate.

And what's with the new idea to postpone Palin's debate??

It's becoming more and more obvious that McCain was prepping for foreign affairs for Friday, he doesn't know sh** about the economy and that would become the obvious subject. As for Palin she doesn't even know what McCain's regulatory history is - "I'll get back to ya on that...." Or then she might have had to tell the truth: "he was against it(for 26 years) before he was for it (about 5 days or so)"
Case in point - bribed by his jet setting pal, vacation sharing pal Keating.

No, he's not a craven politician. Good luck selling that piece of malarky to folks other than the rightwing.

I forgot how much Obama kno... (Below threshold)
Dee:

I forgot how much Obama knows about the economy.. maybe we should ask Biden what Barry's positions are too like Katie asked Sarah last night. Doh! We cannot do that because a) Obama has yet to say ANYTHING other than we need change and b) Biden would either make shit up that is not true or get it wrong and Obama would have to correct him.

But hey, I will be getting $1000 check from Barry/Biden if they get elected after they allow the Bush tax cuts to expire. That $1000 check will offset the higher rate I'll pay in withholding taxes. When is someone call this 95% tax cut a total sham?

It's becoming more and more... (Below threshold)
Lorie Byrd:

It's becoming more and more obvious that McCain was prepping for foreign affairs for Friday, he doesn't know sh** about the economy and that would become the obvious subject. As for Palin she doesn't even know what McCain's regulatory history is - "I'll get back to ya on that...." Or then she might have had to tell the truth: "he was against it(for 26 years) before he was for it (about 5 days or so)"

Are you really that stupid? Obama is the one that it has been reported has been prepping for the debate all week. If he can't bring his teleprompter he will have to do some serious cramming to keep from getting um, uh, all, uhm, you know, uh, what was I saying, uhm, lost. McCain can point to legislation he co-sponsored in 2005 that might have prevented this nightmare, but Dems in the congress defeated it. Obama didn't weigh in on the issue back then. Being able to bring up that alone should make McCain eager to debate the issue of the bailout.

But the debate was supposed to be about foreign policy. I don't think John McCain needs much prepping on that issue considering his opponent was for surrendering in defeat two years ago rather than supporting the surge. If anything postponing a debate on foreign policy hurts McCain politically since it is his strongest issue.

Palin couldn't cite another example of McCain regulation on the issue of the mortgage loan mess, (that is what Couric asked) but the one she did cite was the one that really mattered. McCain co-sponsored it. Dems defeated it. Obama didn't even bother to weigh in on it at the time. Pretty cut and dry.

There are too many examples of McCain regulation on other issues for most Republicans' taste. CFR. Gross over regulation there, just to cite his signature issue.

No Lorie I'm not stupid at ... (Below threshold)
JFO:

No Lorie I'm not stupid at all. I'm afraid it's you righties who are being fooled. Your man has become a serial liar and is beginning to look like a buffoon, which is sad really.

If you use your gogglie thing Lorie you'll see all the references to McCain's prep. Ever hear of Michael Steele?????

And of for the new reformer/regulator/sheriff in the house McCain, how many times do you think he has stated emphatically that he's against regulation?

Stupid? I think the shoe may be on the other foot - I hesitate to dare to use the lipstick metaphor.

...as for the new...... (Below threshold)
JFO:

...as for the new...

McCain to the rescue! Feel... (Below threshold)
Adrian Browne:

McCain to the rescue! Feeling comforted yet?

"McCain admits he hasn't had a chance to look at the Paulson plan yet."

http://talkingpointsmemo.com/archives/219649.php

It'll be the end of the day... (Below threshold)
JFO:

It'll be the end of the day today before most of McCain's TV ads are off the air across the country.

It's just another measure of the personal courage and unyielding principle McCain demonstrated by "suspending" his campaign.

Interesting also to note that a deal has been reached - and we all know it's because they were afraid McCain was coming to to town to deal with it.

He used to be a man of principle. It's sad that he is no longer.

Palin couldn't cite anot... (Below threshold)
Brian:

Palin couldn't cite another example of McCain regulation on the issue of the mortgage loan mess, (that is what Couric asked) but the one she did cite was the one that really mattered.

Lori, did you even watch the interview? Or read its transcript? It sure doesn't seem like it!

Couric: You've said, quote, "John McCain will reform the way Wall Street does business." Other than supporting stricter regulations of Fannie Mae and Freddie Mac two years ago, can you give us any more example of his leading the charge for more oversight?
"And the perfect place ... (Below threshold)
marc:

"And the perfect place to learn their positions is in a debate."

Really, in 30-60 seconds sound bites? Someone a bigger fool than I thought.

That aside, isn't it you lefties, lefturds, progressives and Dems that all point to obamamessiah's webpage for confirmation of his "positions" whenever someone questions what they are.

So, given that, a debates purpose is what?

"It'll be the end of the day today before most of McCain's TV ads are off the air across the country."

Um, hey shtuuuupid, that's called fulfilling a contract. Those ads in all likelihood are bought and paid for.

And Lori's recollection of ... (Below threshold)
marc:

And Lori's recollection of the Palin statement and your citation is different how brian?

Are we picking a nit over exact quotes now? Her's and your quote mean the same damn thing.

I watched it and read the t... (Below threshold)
Lorie Byrd:

I watched it and read the transcript. I thought it was clear that she was talking about the current financial crisis when she said "reform the way Wall Street does business" and asked for any example of McCain "leading the charge for more oversight" in that context. She even asked for an example in addition to the one of the proposed stricter regulation of Freddie/Fannie. I think that is why she asked for examples of oversight in the context of "the way Wall Street does business," but heck, you would probably know the mind of Katie Couric better than me. Maybe she was really talking about oversight of the war or of environmental policy or campaign finance or some other issue, but I thought she was talking about the situation with the market crisis, you know, since that is how she framed the question, asking how he has been "leading the charge for more oversight" in reforming Wall Street.

Do you really think she was asking for examples of congressional oversight of the war or for examples of regulating how many chemicals could be dumped in waterways or regulating food and drugs or airlines? I thought it was pretty clear she was talking about examples pertaining to reforming Wall Street, but hey, it is Katie Couric.

Dana Perino: "Sen.... (Below threshold)
Adrian Browne:

Dana Perino:

"Sen. McCain is the one who called for the meeting, and we thought it was a good idea."


And Lori's recollection ... (Below threshold)
Brian:

And Lori's recollection of the Palin statement and your citation is different how brian?

Well, Lorie claimed the question was about "the mortgage loan mess", and Couric's question was essentially asking about Wall St. oversight OTHER THAN THE MORTGAGE LOAN MESS.

Other than that, no difference.

Her's and your quote mean the same damn thing.

Your belief in that explains quite a lot of other things you appear to not understand.

Do you really think she ... (Below threshold)
Brian:

Do you really think she was asking for examples of congressional oversight of the war or for examples of regulating how many chemicals could be dumped in waterways or regulating food and drugs or airlines?

No, she was talking about reforming Wall St.

I thought it was pretty clear she was talking about examples pertaining to reforming Wall Street

Oh, so you DID understand that! Hmm. That makes it all the more curious why you claimed she was asking about "the mortgage loan mess".

Oh, so you DID understan... (Below threshold)
Lorie Byrd:

Oh, so you DID understand that! Hmm. That makes it all the more curious why you claimed she was asking about "the mortgage loan mess".

So, are you saying the mortgage loan mess is not related to the crisis on Wall Street? Couric was talking about reforming Wall Street and about the problems at Freddie and Fannie. Freddie and Fannie made loans on homes. The last time I checked those are referred to as mortgages. I have one myself, but mine is not a Fannie or Freddie loan. The mortgage loan mess (as I put it) at Freddie and Fannie is being cited as at the core of the crisis on Wall Street. At least that is what people who know a hell of a lot more than me about it have been saying on television all week. Hmmm. I think you are funning me. And I fell for it. This is the dumbest exchange I can remember having on this site in quite a while and it is my fault for wasting my time on it.

Fast Barky is the Dithering... (Below threshold)
Maj Worth:

Fast Barky is the Dithering Hamlet of U.S. Politics. Makes sense after all, as Bloomberg News notes how he and Hillary were involved in the very problem of defeating McCain's effort to clean up Fannie Mae and Freddie Mac, which then morphed into the second highest contribution to Barky from them, even to the point of the VP selection process - the heads of the two outfits are high in the Obama campaign! He's in thick with them...sooooo, pull a Hamlet and dither...
Fast Barky ain't so fast when it comes to the biggest crisis in the economy since the thirties...
just like he acted (NOT!) in Hawaii when Russia invaded Georgia, "They can call me if they need me" is no line for a potential President of the United States!
Hey Fast Barky, welcome to the Majors!




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