McCain might just be waiting to announce his “plan” at the debate tonight. I’d like to think his plan will be something along the lines of Gingrich’s plan which uses the market to fix the market via incentives.
If he just came out and said the Paulson plan was dead, the market would tailspin. If he announces his “plan” tonight after saying the Paulson plan is dead, then the markets should respond positively on Monday.
Then if the Rats push Bush/Paulson’s plan through they are siding against what the public wants and McCain is seen as “Mavericking” Bush and the insiders.
The rest of the campaign would be a slam dunk for him.
If the Rats concede to his plan then he gets credit for leadership and showing the nation a way out and ahead. He’s the winner again.
Statement By McCain Campaign On Negotiations [debate on]
to find a solution that would avert a collapse of financial markets without squandering hundreds of billions of taxpayers’ money to bailout bankers and brokers who bet their fortunes on unsafe lending practices.