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McCain Reacts To Bailout Failure

From CBS News' John Bentley:

(DES MOINES, IOWA) – John McCain called on Congress to return to Capitol Hill to work on the bailout bill, and accused Barack Obama's campaign of politicizing the process.

"Sen. Obama and his allies in Congress infused unnecessary partisanship into the process. Now is not the time to fix the blame. It's time to fix the problem," McCain said in a hastily called statement to the press here today.

"I would hope that all our leaders, all of them, can put aside short term political goals and do what's in the best interest of the American people."

Earlier today, the McCain campaign did fix the blame squarely on Congressional Democrats and Obama, calling him "out of touch."

"This is a moment of national crisis, and today's inaction in Congress as well as the angry and hyper-partisan statement released by the McCain campaign are exactly why the American people are disgusted with Washington,: said Obama spokesman Bill Burton.

"Now is the time for Democrats and Republicans to join together and act in a way that prevents an economic catastrophe."

McCain's campaign also pointed to statements by Speaker of the House Nancy Pelosi for scuttling the bailout.

"Democrats believe in a free market. We know that it can create jobs, it can create wealth, it can create many good things in our economy," Pelosi said. "But in this case, in its unbridled form, as encouraged, supported, by the Republicans, some in the Republican Party, not all, it has created not jobs, not capital, it has created chaos."

"That speech was one of the most reckless acts I've seen from a congressional leader in twenty years on the Hill," said a senior McCain adviser.

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