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.
Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts
Wednesday, September 24, 2008
Wednesday, September 17, 2008
McCain-Palin 2008 Conference Call On John McCain's Support for the Auto Industry
Today, McCain-Palin 2008 held a press conference call with U.S Congresswoman Candice Miller and U.S. Congressman Pete Hoekstra, both Michigan Republicans, to discuss John McCain's support for the auto industry and his comments today at GM's plant in Lake Orion, Michigan:
U.S. Congresswoman Candice Miller: "It absolutely is important for us -- in order for us to gain the support of many Republican members of Congress all over the country, we have to have the very strong support of Senator John McCain. He is the leader of our party, and you have so many people here in Congress on our side of the aisle that are looking to him for guidance.
"I think his statement was absolutely critical. It solidifies what we have all been saying as members of the delegation, as well as what the CEOs have been saying. It amplifies what all of us have been saying as well, and it really is pivotal, I believe, in making a reality these $25 billion in auto loans, which we absolutely must do to save the auto industry.
"He also condemned the greed on Wall Street at the same time he was putting Michigan workers first by of course offering his very strong support on the loans as we try to retool the industry so that they can produce the vehicles of the future.
"I think it sends a very strong signal to the White House, who has not said too much about this yet, that this is what we need to do. It's not a Republican issue, it's not a Democratic issue, it's an American issue."
U.S. Congressman Pete Hoekstra: "I think it's important that Senator McCain made the comments today over on the east side of the state, and now that he's over on the west side of the state, because when we are talking about helping the automotive industry, this is not just an issue that confronts the east side of the state of Michigan. This is a statewide issue. Over here on the west side of the state, we've got a lot of automotive suppliers that are going to be impacted as new models are introduced.
"This, again, I think, speaks to Senator McCain's extraordinary leadership abilities, because he is looking at each situation. He understands that whatever kind of issue might be facing the next president -- and who knows what, but we know there's going to be huge challenges, whether it's national security or on economics or whatever -- he knows that the big issues that are facing our nation have to be solved in a bipartisan way."
Listen to the Full Conference Call
U.S. Congresswoman Candice Miller: "It absolutely is important for us -- in order for us to gain the support of many Republican members of Congress all over the country, we have to have the very strong support of Senator John McCain. He is the leader of our party, and you have so many people here in Congress on our side of the aisle that are looking to him for guidance.
"I think his statement was absolutely critical. It solidifies what we have all been saying as members of the delegation, as well as what the CEOs have been saying. It amplifies what all of us have been saying as well, and it really is pivotal, I believe, in making a reality these $25 billion in auto loans, which we absolutely must do to save the auto industry.
"He also condemned the greed on Wall Street at the same time he was putting Michigan workers first by of course offering his very strong support on the loans as we try to retool the industry so that they can produce the vehicles of the future.
"I think it sends a very strong signal to the White House, who has not said too much about this yet, that this is what we need to do. It's not a Republican issue, it's not a Democratic issue, it's an American issue."
U.S. Congressman Pete Hoekstra: "I think it's important that Senator McCain made the comments today over on the east side of the state, and now that he's over on the west side of the state, because when we are talking about helping the automotive industry, this is not just an issue that confronts the east side of the state of Michigan. This is a statewide issue. Over here on the west side of the state, we've got a lot of automotive suppliers that are going to be impacted as new models are introduced.
"This, again, I think, speaks to Senator McCain's extraordinary leadership abilities, because he is looking at each situation. He understands that whatever kind of issue might be facing the next president -- and who knows what, but we know there's going to be huge challenges, whether it's national security or on economics or whatever -- he knows that the big issues that are facing our nation have to be solved in a bipartisan way."
Listen to the Full Conference Call
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