McCain, Obama Set to Vote on Bailout Bill

Ad Feedback

Both presidential candidates are set for a tough vote tonight on a revised economic rescue plan the Senate will move to the floor. 

Republican presidential candidate John McCain said the bill was not perfect, but that he would vote for it. He says that tough times really reveal what Americans can achieve.

In a campaign speech Wednesday in Independence, Mo., McCain said the current financial crisis does present an opportunity for the nation to come together.

But the Arizona senator also noted that if Americans worked together more often for the common good, our nation might have fewer crises to deal with in the long-run.

"This is a moment of great testing," McCain said. "At such moments, there are those on both sides of this debate who will act on principle. Of course, there are always some who think first of their own interests, who calculate their own advantage instead of rushing to the aid of their country."

"But in the case of this bill, I am confident there are enough people of good will in both parties to help see America through this crisis. And when the last vote is cast, we can be grateful to all of them -- Democrats and Republicans alike -- for helping to solve the crisis instead of merely exploiting it," he said.

McCain visited the Truman Library and Museum before returning to Washington to vote on the Senate's revamped economic recovery bill.

Obama Calls for Accountability

Meanwhile, Democrat Barack Obama was campaigning in Wisconsin where he promised that if he is elected president "American taxpayers will never again have to put their money on the line to pay for the greed and irresponsibility of Wall Street."

Obama said increased accountability must be included with the $700 billion financial industry rescue plan he plans to vote for Wednesday night.

"That's a pledge that I'll make to you today, and it's one that I'll keep as president of the United States," Obama told an audience of around 15,000 supporters.

The Obama campaign also released a new 30-second television commercial claiming that McCain's overall tax plan and proposals to privatize Social Security and to give tax credits to insurance companies would add more than $5 trillion to the national debt.

The ad asks, "Can we afford more John McCain?"

A McCain spokesperson responded by criticizing Obama for continuing to engage in partisan attacks during a time when "Americans teeter on the edge of an economic crisis."

Wisconsin is a key swing state for both parties. It is where Democrat John Kerry won by only 11,000 votes in 2004.

Sources: The Associated Press, Los Angeles Times

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News

CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.