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Candidates Will Huddle With Bush on Bailout

Posted Sep 25, 08 7:56 AM CDT in Politics Business 

(Newser) – Both presidential candidates will meet with George W. Bush for talks on the proposed $700 billion bailout of financial firms today, CNN reports. John McCain and Barack Obama released a joint statement on the financial crisis last night, agreeing that the plan was flawed but that "the effort to protect the American economy must not fail."

Obama also issued a separate statement outlining his vision for the bailout. "This plan cannot be a welfare program for CEOs whose greed and irresponsibility has contributed to this crisis," he said. McCain has suspended his campaign to focus on bailout negotiations—a move dubbed "just weird" by a key Democrat but welcomed by a McCain ally, who said the input of both candidates would be "enormously helpful."
Source: CNN

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John McCain delivers a statement to the traveling press corps in New York on Sept. 24, 2008 that he is directing his staff to work with Barack Obama's campaign.   (AP Photo/Gerald Herbert)
Barack Obama speaks during news conference in Clearwater, Fla., Wednesday, Sept. 24, 2008.   (AP Photo/Chris Carlson)
Barack Obama speaks during news conference in Clearwater, Fla., Wednesday, Sept. 24, 2008.   (AP Photo/Chris Carlson)
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Now is a time to come together—Democrats and Republicans—in a spirit of cooperation for the sake of the American people. - joint statement from John McCain and Barack Obama

If there were ever a time for both candidates to hold a debate before the American people about this serious challenge, it is now. - Senate Majority Leader Harry Reid

We need a solution on this financial crisis more than we need a foreign policy debate. The next seven days could determine the financial well-being of this country. We can postpone the debate for a week. - Sen. Lindsey Graham, R-South Carolina

We haven't heard hide nor hair of Sen. McCain in these negotiations. He has not been involved except for an occasional, unhelpful statement.
- Sen. Chuck Schumer (D-New York), chair of the Senate Banking Committee

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