In light of the recent economic woes, McCain announced that he will be suspending his campaign to return to Washington and work on resolving the financial crisis. He would also like to postpone Friday’s debate to be held at Ole Miss - and he’s asking Obama to join him.
 

Poor Ole Miss has been anxiously looking forward to the debates, hoping to improve the area’s reputation. The debate could erase the memory of race problems and hostile mobs and replace it with the squeaky clean image of national politics. But instead, the U.S.’s financial devastation has stolen the school’s thunder.
 

Tonight Bush is set to address the nation about his proposed $700 billion bailout, but McCain fears this is not the answer since there is no consensus on the plan. Instead, the presidential candidate claims he’d like to bring Democrats and Republicans together as Americans to solve the problem.

The Washington Post blog The Trail has Obama’s reaction:

The Obama campaign said that the two candidates had spoken by phone this morning about releasing a joint statement on principles to govern the financial sector bailout, but that it had no plans to suspend campaigning.

Is McCain doing the right thing by putting the economy before presidential politics? Or is he just trying to save face and squeeze out a few extra votes? And does it matter either way?