A President Must Multitask, Says Obama

In a reply to John McCains suspension of his campaign, Barack Obama says:

“It’s my belief that this is exactly the time the American people need to hear from the person who in approximately 40 days will be responsible with dealing with this mess … What I think is important is that we don’t suddenly infuse Capitol Hill with presidential politics … Presidents are going to have to deal with more than one thing at a time. It’s not necessary for us to think that we can do only one thing, and suspend everything else.” -Barack Obama

Bush warns of ‘painful’ recession

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The United States is in the middle of a serious financial crisis that could push the economy into a long-term recession if the government does not act, the president has said.

In a televised address on Wednesday aimed at persuading the public to support a $700bn financial bail-out being negotiated with congress, George Bush reiterated that urgent action was needed to bolster the markets.

Obama, McCain call bailout plan “flawed”

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U.S. presidential candidates Barack Obama and John McCain issued a joint statement Wednesday, calling the Bush administration’s financial bailout plan “flawed” and calling for bipartisan cooperation.

“The plan that has been submitted to Congress by the Bush Administration is flawed, but the effort to protect the American economy must not fail,” the statement said.
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