McCain suspends campaign to focus on economic crisis

I am not student of presidential campaigns but this seems unprecedented.

NEW YORK (CNN) — Republican presidential candidate John McCain announced Wednesday that he is suspending his campaign to return to Washington and focus on the “historic” crisis facing the U.S. economy.
McCain said it was time for both parties to come together to solve economic crisis.
The Arizona senator called on his Democratic rival, Barack Obama, to do the same. He also urged organizers of Friday’s presidential debate at the University of Mississippi to postpone the event.
“I am calling on the president to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself,” McCain told reporters in New York. “It is time for both parties to come together to solve this problem.”
There was no immediate response from the Obama campaign.

UPDATE: John McCain’s campaign just sent out this email:

John McCain’s Remarks on the Economic Crisis
New York, NY
Wednesday, September 24, 2008
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, ever corner of our country will be impacted. We cannot allow this to happen.
Last Friday, I laid out my proposal and I have since discussed my priorities and concerns with the bill the Administration has put forward. Senator Obama has expressed his priorities and concerns. This morning, I met with a group of economic advisers to talk about the proposal on the table and the steps that we should take going forward. I have also spoken with members of Congress to hear their perspective.
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.
I am calling on the President to convene a meeting with the leadership from both houses of Congress, including Senator Obama and myself. It is time for both parties to come together to solve this problem.
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.
I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to achieve this is temporarily set politics aside, and I am committed to doing so.
Following September 11th, our national leaders came together at a time of crisis. We must show that kind of patriotism now. Americans across our country lament the fact that partisan divisions in Washington have prevented us from addressing our national challenges. Now is our chance to come together to prove that Washington is once again capable of leading this country.

More from Obama as well:

“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.”
McCain said he has spoken to Obama about his plans and asked the Democratic presidential nominee to join him.
Obama’s campaign did not immediate say whether he supported a delay of the debate or would also stop campaigning.
The Obama campaign said in a statement that Obama had called McCain around 8:30 a.m. Wednesday to propose that they issue a joint statement in support of a package to help fix the economy as soon as possible. McCain called back six hours later and agreed to the idea of the statement, the Obama campaign said. McCain’s statement was issued to the media a few minutes later.
“We must meet as Americans, not as Democrats or Republicans, and we must meet until this crisis is resolved,” McCain said. “I am confident that before the markets open on Monday we can achieve consensus on legislation that will stabilize our financial markets, protect taxpayers and homeowners, and earn the confidence of the American people. All we must do to achieve this is temporarily set politics aside, and I am committed to doing so.”

Joe Biden speaks his mind, says McCain attack "terrible"

Stock market crash. Franklin Roosevelt. Television. Ok, I understand the point he was trying to make…

Watch CBS Videos Online
It was a little strange to hear him say, “if Barack had…” in relation to the ad. So did Obama approve the ad or not?
I admire Biden for saying the McCain attack was terrible and I agree with him that it is wrong for either camp to knowingly distort the other candidate’s positions. The differences between candidates is great enough without embellishing.

Obama tells a whopper about McCain and Social Security: Factcheck.org

For a candidate who says he is different kind of politician, Obama is looking pretty predictable. Go to Florida and tell retirees the other guy is going to take away your Social Security. Common tactic.
According to Factcheck.org as reproduced in Newsweek, Obama’s claim about John McCain and Social Security is just plain false. Check it out:

In Daytona Beach, Obama said that “if my opponent had his way, the millions of Floridians who rely on it would’ve had their Social Security tied up in the stock market this week.” He referred to “elderly women” at risk of poverty, and said families would be scrambling to support “grandmothers and grandfathers.”
That’s not true. The plan proposed by President Bush and supported by McCain in 2005 would not have allowed anyone born before 1950 to invest any part of their Social Security taxes in private accounts. All current retirees would be covered by the same benefits they are now.

and then…

In our “Scaring Seniors” article posted Sept. 19 we took apart a claim in an Obama-Biden ad that McCain somehow supported a 50 percent cut in Social Security benefits, which is simply false. Then, on Saturday Sept. 20, Sen. Barack Obama personally fed senior citizens another whopper, this one a highly distorted claim about the private Social Security accounts that McCain supports.

Factcheck has some ink on McCain’s claims as well so they are pretty objective it seems. How many days until the election?
I am not sure what is most amazing, Obama’s claims or his campaign worker’s tortured effort to defend it.

Obama's misleading new ad on Born Alive Infant Protection Act

It is hard to know where to start with this one.
Ben Smith at Politico posted this new ad from Barack Obama blasting McCain for another ad by Gianna Jessen, abortion survivor.

First, the Jessen ad is not John McCain’s ad. Second, McCain does support the availability of abortion in cases of rape and incest (Sarah Palin does not). And third, Barack Obama voted against legal recognition to infants of quesionable viability while an Illinois state senator. Obama has yet to clarify his conflicting statements about why he said he would vote for the federal version of the BAIPA but did not vote for it at the state level.
I recently had an op-ed published in the Philadelphia Evening Bulletin on this topic: When does a baby get human rights?

Who's the centrist in the 2008 election?

Both McCain and Obama want the mantle of a change agent and one capable of reaching across party divide. This article in the Philadelphia Inquirer from John Lott, research scientist at University of MD, contests the Obama charge that McCain is McSame, or a clone of George Bush. He writes:

Does John McCain represent a third Bush term? The Obama campaign claims the two are almost indistinguishable. It was the mantra during the Democratic convention, and it is the theme of new ads Barack Obama is running. The ads claim that McCain is “no maverick when he votes with Bush 90 percent of the time.”
This week Obama has begun a constant refrain that there is “not a dime worth of difference” between Bush’s and McCain’s views. It is a consistent theme of Democratic pundits on talk shows.
Is this the same McCain who drove Republicans nuts on campaign finance, the environment, taxes, torture, immigration and more? Where has McCain not crossed swords with his own party?
As it’s being used, the 90 percent figure, from Congressional Quarterly, is nonsensical. As Washington Post congressional reporter Jonathan Weisman explained, “The vast majority of those votes are procedural, and virtually every member of Congress votes with his or her leadership on procedural motions.”
Obama might want to be a little careful with these attacks, as the same measure has him voting with Democrats 97 percent of the time.

Anyone who has followed McCain’s career knows that he has not been an easy vote for the Republican leadership on certain issues. Dr. Lott details some of those issues. Attempts to paint McCain as a lock-step Republican fail when scrutinized.