The situation on Wall Street is beginning to look so bleak that John McCain has called for a temporary suspension of his campaign in order to return to Washington and address the President and Congress.
He’s also requested postponing the presidential debate scheduled for Friday.
Scared????
With this being one of the most explosive and expensive presidential races to date, McCain’s decision could jeopardize his standing as debates are an important platform for candidates to express their policies and appeal to the public.
McCain explains himself thusly:
“America this week faces an historic crisis in our financial system. We must pass legislation to address this crisis. If we do not, credit will dry up, with devastating consequences for our economy. People will no longer be able to buy homes and their life savings will be at stake. Businesses will not have enough money to pay their employees. If we do not act, every corner of our country will be impacted. We cannot allow this to happen….
“It has become clear that no consensus has developed to support the Administration’s proposal. I do not believe that the plan on the table will pass as it currently stands, and we are running out of time.
“Tomorrow morning, I will suspend my campaign and return to Washington after speaking at the Clinton Global Initiative. I have spoken to Senator Obama and informed him of my decision and have asked him to join me….
“We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved. I am directing my campaign to work with the Obama campaign and the commission on presidential debates to delay Friday night’s debate until we have taken action to address this crisis.”
Dayum! Shit’s really hit the fan!
But while McCain’s announcement seems like a noble re-prioritizing, you have to wonder what happened to the “I don├óΓé¼Γäót believe we├óΓé¼Γäóre headed into a recession├óΓé¼┬¥ statement he uttered not too long ago, as well as his general stance on limited government business regulations.
The developing economic crisis is worrying and with folks’ tunes changing and election time drawing close, things are getting tricky!
Obama has not yet responded.
What do U think of this startling new development?
[Image via WENN.]