June 26, 2009 5:14 PM
- Text
McCain Defends Bailout Vote
(The Politico)
DENVER — Speaking at a town hall in Denver, John McCain defended his decision to back to the economic rescue legislation he supported last night.
“Obviously we had to act my friends," McCain said. “Credit is drying up. People are having trouble getting a loan to buy a car."
The vote was 74-25, and Barack Obama showed up to vote for the legislation, too.
Still, he acknowledged why people oppose the bailout.
“I understand why a lot of Americans were very cynical. A lot of Americans are still cynical because we’re not big government people. We want government involved the least in our lives."
McCain warned that the legislation is “like a tourniquet, not a cure. It will stop the bleeding, but then we have to set about fixing the way we do business in Washington."
Amie Parnes is traveling with the McCain campaign.
“Obviously we had to act my friends," McCain said. “Credit is drying up. People are having trouble getting a loan to buy a car."
The vote was 74-25, and Barack Obama showed up to vote for the legislation, too.
Still, he acknowledged why people oppose the bailout.
“I understand why a lot of Americans were very cynical. A lot of Americans are still cynical because we’re not big government people. We want government involved the least in our lives."
McCain warned that the legislation is “like a tourniquet, not a cure. It will stop the bleeding, but then we have to set about fixing the way we do business in Washington."
Amie Parnes is traveling with the McCain campaign.
Popular Now in Politics
- Timothy Dolan: Birth control tweak a "first step"
- Archbishop Dolan urges Obama to back down on birth control
- CPAC: Santorum rips Romney, rouses conservatives
- Santorum: Women could bring "emotions" to combat
- After uproar, Obama tweaks birth control rule
- STOCK Act passes in House
- Obama to announce revamp of birth control policy
- Ann Coulter riles up the CPAC crowd
- Former Giffords aide to run for her House seat
- Santorum's big benefactor
- Romney says his conservatism will shine
- CPAC: Huckabee "thanks" Obama for birth control firestorm
- Report: Chicago cardinal joins contraceptives fight
- Dems fight back in contraceptive battle
- CPAC: Will Sarah Palin spring a surprise?
- Is Rick Santorum conservatives' last, best hope?
- No more Mr. Nice Guy for Santorum
Latest CBS News Headlines
on Facebook
on CBS News
- Pacioretty's hat trick lifts Canadiens over Isles
- Richards scores in OT, Rangers beat Lightning 4-3
- Oshie gives the Blues a 4-3 SO win over the Devils
- Pacioretty's hat trick lifts Canadiens over Isles
on Facebook
- Adele sings a cappella for Anderson Cooper
- Josh Powell had "incestuous" images on his home computer, authorities say
on CBS News
