Part of an email I received from Newt Gingrich today. Makes sense. What do all of you think?

But If Bush-Paulson is Bad, Obama-Frank-Dodd-Pelosi-Reid Will Be Worse

Clearly, by any reasonable standard, the Bush-Paulson stewardship of the economy has failed.

But the Barack Obama-Barney Frank-Chris Dodd-Nancy Pelosi-Harry Reid-left-wing policies of big government, high taxes, more litigation, and insider deals for their left-wing special interests will be even worse.

We've heard a lot about predatory lenders in this current economic crisis. They deserve their share of the blame. But it's time to introduce a new term that gets us closer to the real roots of this crisis: Predatory politicians.

Predatory politicians are much more dangerous than predatory lenders. Predatory politicians have the power of the government to coerce you.

Government under Obama, Frank, Dodd, Pelosi and Reid will be government by and for predatory politicians. It will make dealing with predatory lenders seems like a walk in the park.

McCain and Palin Should Sound the Call Against Predatory Politicians

The elite media has desperately sought to avoid the guilt of the left for the current crisis. But this is a topic Senator McCain and Governor Palin should spend at least one-third of their time on for the next four weeks.

For more information on predatory politicians and their role in the making of the economic crisis, see my paper "Predatory Politicans, Destructive Leftwing Politics and the Roots of the Housing Crisis."

And if McCain and Palin find themselves in need of arguments against the left's all-purpose excuse that a lack of government regulation is all that is behind the economic crisis, they should read this conversation with Warren Buffet. The government had a 200-employee agency whose sole job was to watch over Fannie Mae and Freddie Mac and yet Fannie and Freddie still managed to bring the economy to its knees.

The Questions Senator Obama Needs to Answer

Senator Obama is intimately tied to corruption, left-wing radicalism, and predatory politicians. But the elite media has done everything it could to avoid asking the key questions.

For a list of the questions Senator Obama needs to answer before we can judge his fitness for office, see my paper "Why is Barack Obama Afraid to Answer These Questions?"

Senator McCain and Governor Palin should spend another third of their time asking Obama and the elite media to answer these questions.

They could use the same technique that Senator Richard Russell used in 1936 to defeat populist Georgia Governor Gene Talmadge. Russell literally posted a list of questions on the podium in Macon and told the crowd "Don't let him leave until he answers them." It was the psychological turning point of that campaign because Talmadge refused to answer and the people knew it.

If everywhere Obama and Biden went for the next 28 days they were faced with these questions they would rapidly lose popular legitimacy.

The McCain Crisis: Danger and Opportunity

Senator McCain now faces the crisis of his career.

He is behind.

He will not catch up on a state-by-state basis.

He will either win the argument in the national media, suddenly growing stronger in many states or he will lose the national debate and gradually decline further in a number of states.

The Danger For McCain

If Senator McCain is not prepared to separate himself from the Bush-Paulson economic program, he has no opportunity to win.

The country is deeply fed up with the Bush presidency and angry about the Paulson bailout. If McCain is ... ()

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... confused or uncertain about how bad this economic performance is, he will never get the country to listen to him.

The Opportunity for McCain

Just as Margaret Thatcher and Ronald Reagan (as well as the House Republicans in 1994 with the Contract with America) created a large argument which led to a decisive result, so McCain has an opportunity to reach beyond the daily attacks and clever tactics and spend the last 28 days of this campaign making a large argument over America's future.

If McCain is prepared to declare that it is time for a fundamental change away from the failure of Bush-Paulson and away from the leftism of Obama (a "clean rupture" as French President Nicolas Sarkozy described it in breaking with President Jacques Chirac (watch my video on Sarkozy here) or "bold colors with no pale pastels" as Reagan described it in breaking with President Ford in 1976), then he has a huge opportunity on three levels:

First, small business and free markets are better than bureaucrats and socialism.

We know this as a matter of American values and polling confirms it. The margin isn't even close; it's about 70 -20 or better. Clinton pollster Doug Schoen and Republican pollster Kellyanne Conway recently did a survey for American Solutions which proves the American people hold the government responsible for much of our current economic pain. On other key issues like energy and taxes, the Platform of the American People proves that McCain could build a big majority.

Second, the vast majority of the American people are deeply fed up with the corruption, dishonesty, and arrogance of Washington and of many of their state capitals.

A candidate with the courage to tell the truth about Franklin Raines, Chris Dodd, Barney Frank, the Carter and Clinton-era pressures for bad loans, the ACORN pressure for bad loans (trained in Chicago by Barack Obama in his community organizer days) would have an enormous response from a country which is sick of predatory politicians, arrogant bureaucrats, and elitist reporters.

In short, the elites would be enraged but the American people would be enthusiastic.

Third, there are huge groups of Americans eager to have someone address their concerns and offer them hope.

Millions of small business owners would like a program that cut spending in Washington and taxes on their businesses and reduced regulations and red tape.

Millions of drivers would like an energy program that offered them hope. They believe in drilling here and drilling now.

Every person who uses electricity is eager for a determined effort to develop clean coal.

Millions of retirees or soon to be retirees would like a program that would strengthen the economy and increase the value of their investments.

Entrepreneurs and venture capitalists would fight for a program that abolished Sarbanes-Oxley, eliminated the capital gains tax, and expanded H-1B visas for talented workers.

A bold program of the right changes would rally a massive number of activists and donors to fight for a better future.

"Action This Day"

That was the slogan Winston Churchill used to focus and energize the British Government when he became prime minister in the darkest days of World War II.

If Senator McCain is prepared to be as bold as Winston Churchill and as aggressive as Theodore Roosevelt, this is an election that can be won and might be won by a shocking margin (like Harry Truman in 1948).