Chicago Sun-Times
The scoop from Washington

Katie Courie interviews Barack Obama and John McCain on the bailout


September 25, 2008


Following is the transcript from Katie Couric's interviews with Sen. Obama and Sen. McCain on the financial bail out plan, which was broadcast tonight (25) on the CBS EVENING NEWS WITH KATIE COURIC.

DATE September 25, 2008
TIME 6:30-7:00 PM
PROGRAM CBS Evening News

Interview: Senators Obama and McCain on the financial bailout plan

Late this afternoon, I talked to Senator Obama about the bailout and his

Senator BARACK OBAMA: Well, it's not exactly clear. What happened was, when
I left Florida, landed, I had heard the news that in fact a deal was there.
People are not, obviously, happy that we got here in the first place, and we
shouldn't have gotten here in the first place. You know, it's a consequence
of speculator greed, but also Washington not paying attention and regulators
being asleep at the switch. So there's resistance, but there had been at
least some core principles that were met.

I think that, from the Democratic perspective, we just want to make sure that
this is helping the small business man make his payroll, people keeping their
money market accounts, that we don't see a cratering of the credit markets
that could end up leading to enormous job loss. And obviously, it's pretty
frustrating for Democrats, having seen the mismanagement that's been taking
place over the last several years, to feel like we've got to step in and get
something done. But that's how I think many of us feel, that we can't worry
about how we got here; now we've got to take some serious steps.

COURIC: You originally seemed to dismiss the idea of coming to Washington as
showmanship, saying it wasn't really necessary to inject presidential politics
into this process. Have you changed your mind? Do you think it was worth
your time coming to Washington?

Sen. OBAMA: It's important not to inject presidential politics into this.
My preference is to use the phone and to talk to people and to work with them,
including Secretary Paulson, Chairman Bernanke and others, in a way that's not
a photo op. Because I think sometimes that prevents things from getting done.
It's amazing what you can get done when you're not looking to try to get
credit for it.

COURIC: Meanwhile, John McCain was also on Capitol Hill today, suspending his
campaign so he could be part of the negotiations. We also spoke late this

Senator McCain, what is the most serious concern that's been expressed about
this bailout plan?

Senator JOHN McCAIN: We're talking about the biggest event of this kind in
history. There's concerns about home ownership, keeping people in their
homes. There's some concerns about whether insurance should also be some
kinds of options there. There's concerns about restrictions on CEO pay.

COURIC: Is one of the major sticking points, senator, how you're going to pay
for this thing, whether it's going to be through taxpayer dollars or private

Sen. McCAIN: People realize in the Congress what's at stake here: people's
jobs, small businesses, their homes. And we have to explain that this affects
Main Street, not just Wall Street.

COURIC: If you can't get members of your own party to fall in line, if you
will, Senator McCain, will John McCain the maverick emerge, and will you buck
members of your party?

Sen. McCAIN: Well, I'm sorry to--I need not remind you, Katie, I have taken
on members of my party and the leadership of my party on numerous occasions.
But in this case, I am confident that we will reach a agreement that gets a
majority of my colleagues on my side of the aisle, as well as a majority on
the other side.

COURIC: Tomorrow...

Sen. McCAIN: Mm-hmm.

COURIC: Oxford, Mississippi, the first presidential debate is scheduled
to take place. The commission is going forward. Will you be there, or can
you just not say at this point?

Sen. McCAIN: I understand how important this debate is, and I'm very
hopeful. But I also have to put the country first.

COURIC: Senator John McCain. Senator, thank you for your time.

Sen. McCAIN: Thank you, Katie.


If Sarah Palin is knowledgeable about foreign affairs since she lives "close" to Russia, then Governor Janet Napolitano of Arizona, whose state adjoins Mexico, must be an EXPERT.

I did not hear much of an answer from Obama, but I did hear a clear voice about how he could best deal with the issues.

As for McCain, I heard double talk. He did not voice a positive nor negative point regarding the proposals being discussed. My question is why was he so adamant about "suspending" his campaign (which he didn't really) and rush back and do nothing. He would not suggest or listen to ideas, from this report, of his parties concerns.

Then he did not say he was going to be at the debate or not. I put the country first is no answer. The debate could flush out what you would do.

I hope to hear more concise answers from both, especially McCain since he cannot keep focused on what to do (buck his party or go with it for the votes).

If you heard only double talk from Sen McCain, you must have wanted to hear it. I have listened to him on numerous occasions and never heard him double talk. What does double talk sound like? Maybe you should have opened both of your ears. That probably would have worked better.

You left wing liberal socialist media only hear what you want to hear and if you don't hear it you make it up so it appears the right is always wrong. You make me ill.

When, and if Mrs Palin become a Vice-President, I would like to know how her 4 children will be taking care of, a nanny? If her baby is
( heavens forbids) critically ill, she will have to abandon any peace talk and run home.
As much as I advocate Womens Rights, I still think that a mother with small children should stay home to see their needs and do what a good mother ought to do.
Mr. Mc Cain dissapointed me by chosein Mrs Palin as a running mate.
Mr.Obama? No. I do not want to enter into a Socialist era. Therefore: For whom to vote?
We know that Obama is already the winner, he is supported by the big money.
All we can do is pray that 4 years go fast and then start again, hopefully with better candidates.

Leave a comment

Get the Sweet widget

More widgets


Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

Stay in touch

About this Entry

This page contains a single entry by Lynn Sweet published on September 25, 2008 8:57 PM.

Barack Obama press availability to start in about seven minutes was the previous entry in this blog.

Nancy Pelosi says legislation needed for financial crisis; no time for academic discussions is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.