McCain Camp on the Bailout

Posted: Sep 29, 2008 5:24 PM
I'm on a conference call with McCain's economics guru Doug Holtz-Eakin. I

He says today is a "sad day for the American public" because the bailout failed and is blaming the lost vote on "partisanship."

Like some House Republicans Holtz-Eakin is blaming Pelosi.

"It [the bill] broke down quite frankly with partisan attacks from Speaker Pelosi on the House floor," Holt-Eakin said.

"This is not the outcome John McCain wanted..and we are saddened to see this development."

Joe Curl of the Washington Times asks why McCain would even support a bill that is so wildly unpopular with the American people. (Good question!!)

"This bill is not perfect, but it is important," to stabilize global markets Holtz-Eakin responds. He says McCain was "happy to do his best in this process to get a result."