Like many of y'all, my initial reaction to the news that McCain would be suspending his campaign was "what the ...."
But after reading the statements from the McCain campaign and the White House, I've come to the conclusion that the play is for McCain to come in and save the day. Here are the statements:
"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."
"We welcome Sen. McCain's announcement. We are making progress in negotiations on the financial markets rescue legislation, but we have not finished it yet. Bipartisan support from Sens. McCain and Obama would be helpful in driving to a conclusion. The financial market crisis is a big problem that requires a big solution, and solving this in a bipartisan way will help prevent economic damage spreading from Wall Street to all Americans."
