John McCain Throws a Hail Mary

So, we find out John McCain is desperate. I didn't make this blog to be a political polemic, that wasn't really the point. But really, this is pretty much unheard of. Today he announced that he is suspending his campaign for President until the economic crisis is resolved. He wants to cancel the Presidential debate on Friday unless the proposed "bailout plan" (which I was originally planning on posting about) is passed, an eventuality that's looking increasingly unlikely (despite the White House's claims that it would be "unthinkable") since Congress has developed an inconvenient ability the past few days to think for itself. Obama's response?: "I think that one of the president's jobs will be to focus on more than one thing at once."

I don't really have a sense of what public reaction to this is going to be. The Debate Commission (theoretically unbiased, though notorious for excluding even vaguely-viable third-party candidates) says Friday's debate in Oxford, Mississippi (and why there, exactly?) will go on as scheduled. The McCain camp says it will not show up. President Bush went on TV a few minutes ago to say our "entire economy is at risk" because of this Wall Street business (the causes of that, as I mentioned, are probably another post). The proposed bailout (which both campaigns said tonight in a joint statement is "flawed") involves the Treasury Department and the only quasi-governmental Federal Reserve 700 Billion taxpayer dollars to such companies as AIG, Goldman Sachs, etc. in order to keep them remotely solvent. Some members of Congress (seemingly on both sides of the aisle) have balked at this for a variety of reasons, ranging from free-marketers who say government intervention in the economy is how we got into this mess (who are sort of right... if you look at it in a skewed way) to populists who believe that this would only "reward bad behavior" for overpaid CEOs, who would suffer no punishment for their gross mismanagement. And most prominently, $700 Billion is quite simply money we don't have when we're already grossly in debt.

I will try and post further updates on this situation as it develops. I personally believe this is McCain trying to manufacture what's known as an "October surprise" out of thin air, or thick air, anyway. The latest polls, for what they are, show Obama with a big lead in some key states and surprisingly pretty much tied in a few others that Republicans win most of the time, not to mention a lead nationally that is nearing double digit percentage points. In a third millenium election, that's a massive blowout. And the polls don't even take into account much of one of Obama's most solid voting blocks, voters under 26, because they only poll those with landlines. (i.e. if you only have a cell phone, presidential polls act like you don't exist).

McCain knows this. He's trying to change the game. I don't know if it'll work or not. It's probably worth a shot on his part, at any rate. Bush & Co. are trying the same fear-mongering tactics they used in the run-up to Iraq. Again, I'm not sure if it'll work... and the only reason I can even see for them to want to is because they're in deep with the Wall Street CEOs... but surely they're not that corrupt, are they? Oh, wait...

p.s. Not all our readers are (hopefully) American, so I thought I should explain the title... a Hail Mary's a play in American Football (the most complex strategy-based sport in the world, for my money, which is why I love it). More on THAT here: http://en.wikipedia.org/wiki/Hail_Mary_pass