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First Read is an analysis of the day's political news, from the NBC News political unit. First Read is updated throughout the day, so check back often.

Chuck Todd, NBC Political Director

Mark Murray, NBC Deputy Political Director

Domenico Montanaro, NBC News Political Reporter



McCain's way out?

Posted: Friday, September 26, 2008 2:31 PM by Domenico Montanaro

From NBC’s Chuck Todd, Mark Murray and Domenico Montanaro
So what if McCain shows up and tonight and says, "I'm sorry I couldn't sign on to this Washington-Wall Street plan that I worried was putting an even bigger burden on taxpayers than this mess already has. Now, Sen. Obama, I understand that you are confident in these folks in Washington and New York who have everyone convinced this is the only plan. And I respect that, but I am hearing from people all over the country who don't get this plan and don't understand how it will work. And why should they trust a group of folks in Washington and New York who broke this system to fix it?"

McCain is not winning this political battle right now as the media elite do believe the White House, Wall Street and Congressional Democrats on this. It's a pretty strong united front for us not to believe this. That said, McCain and House Republicans are channeling their inner populist, something the Republican Party hasn't done in quite some time. Don't write off this McCain strategy just yet if Obama appears too cozy with Washington and New York elites, and it's McCain who is the one looking like the outsider.

And there might be an immigration analogy here. Has McCain learned a lesson from that first battle that almost sunk his campaign and decided to listen to the base on this? This whole fight looks a bit like immigration with media, political elites on one side and “conservative populists” on the other.

On the other hand, Republicans were hurt in 2006 after running solely against immigration reform -- not helping them with Hispanics and female voters -- and it cemented the idea that Republicans were callous toward immigrants. Will House Republicans (and McCain) cement the idea that Republicans aren't interested in making government work?

Additionally, McCain (apparently) said nothing at the White House, he hasn’t been decisive about a position or the state of the economy. And, as we wrote this morning, he has to either convince skeptical Republicans or present his own plan. He hasn't done either yet.

All of this pointed to McCain coming to the debate tonight because he owes the country an explanation of his actions. Now, we know he will be here, and what better way to explain than to 60-75 million people at the same time.

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I can't see why spending an extra trillion in one day bailing out both the richest of the rich and people that can't figure out they can't really afford the  loan the bank gave then is a bad deal. We're all responsible, right?
All of this pointed to McCain coming to the debate tonight because he owes the country an explanation of his actions.
******************************************************

You mean actions like deciding to attend a debate despite the fact that he said he wouldn't unless the 'bailout' deal was done?  Yeah, he's got some 'splainin' to do.

http://thepajamapundit.com/
Before we let McCain assume the mantle of the born again populist, let's not forget his record as a deregulator and involvement in the Keating Five scandal...

http://torqopia.blogspot.com/search/label/McCain
What is the point of this article?  You could say similar about Obama- he talks and talks and talks and talks of change but never really elaborates on anything he plans to do.  I don't believe either of them will be good for our country, but then I guess someone who seemingly will do nothing (because no one knows what he wants to do) is better than someone who associates with and has the views of socialists..
its people like you who keep referring to obama and his "friends" as elites that makes people believe it.   Its like sarah palin saying that she opposed the bridge to nowhere, if you say it enough even putin flying into our airspace through alaska will believe it
I don't know how McCain can say what you imagined at the start of this post without either having what you described later as 1. convincing skeptical Republicans or 2. present his own plan.  He won't have either done by tonight, and in particular he won't have #1 as the House Reps want to suspend the capital gains and dividend taxes.  Which is complete insanity.  I don't like the bailout at all, but what else are you going to do?
"So what if McCain shows up and tonight and says,...""

Obama says,"Well John, let me see if I can explain it so that even you understand..."
Let the banks that are going to fail, fail. Will it be a rought period of time for getting credit in the next year or so? Certainly. But then the market will clear itself, pick up pieces, and we'll move on. No way should we bail out the people that caused the problem.
palin going to a debate viewing party in PA pointed to mccain being there tonight. ;)
No Thanks McCain! We've tried your ideas before, they called it compassionate conservatism and the Contract With America under Newt Gingrich and it sent our country on a down hill spiral. We are not going for it this time McCain! The Republican party and the interest groups that are tied to them are NOT interested in helping middle America....no matter how you try to package it, spin it or dress it up....what was that you said (first) about pigs and lipstick? Enough said.
McCain doesn't have answers. He's going to the debate to blame Obama for everything--just like McCain's previously done on the campaign trail. McCain will ignore his 26 years in Washington, will forget all the times he's told Obama he hasn't been around enough, and then will lay this entire crisis at Obama's (and the Dems) feet. This is despite the fact that the GOP controlled the White House and Congress for years and never put in any regulations that would prevent this meltdown! America--watch out for the okey-doke!!
So FR, lets see if we have this all straight. McCain disagrees with the President (must be one of the 5% of the times he voted against Bush), disagrees with Congress (approval rating at 10%), and disagress with Obama. And most of the people in the country agree with McCain. And you're calling that a loss for a McCain?
It's easy, Obama can respond that it is McCain and Phil Graham that caused this mess and putting NY and DC in this position.
I hope all you fin lovin' McCainiacs are ready! Brass tacks, thats what these debates will get down to, and there's nowhere for him to run from reasoned discourse.

Unless of course he fakes a heart attck or sets the podium on fire.
Maybe Bush isn't fully impotent anymore: if he switches sides and starts pushing a plan backed by McCain and the house republicans then that would be huge.  It would be the biggest game of politicking ever and would reek of foul play.
What?

Is it amateur hour for advice to the McCain campaign? Nice stress of the word "elite", by the way. Great piece.

Maybe he can explain why he was silent all through the meeting until Obama asked him to say something at the very end of the meeting.

Maybe he can explain why he felt it necessary to hold the country's economic future hostage to his own political ambitions.

Maybe he'll have a believable explanation as to why he's now turning up to the debate with his tail between his legs.

I doubt it though. On past performances I'm just expecting more bluster and lies.
Mcain needs to stand his ground and not except this plan. Capitalism is the greatest system in the world...and the cruelest system in the world. Avoid the social engineering and let the chips fall where they may. How will we ever learn if government keeps bailing out irresponsible people? And another thing...if no plan is reached and the market caves I partially blame all the talking heads for spewing such hyperbole.. "worst crisis since the Depression", "financial pearl harbor", "this sucker's going down". Just shut your mouths and let the financial people figure this out. What good does it do to tell people that their life savings will be lost, real estate will plumett, and the world is pretty much coming to an end? It's like yelling "Fire" in a movie theater. Everyone just shut up and we'll come out of this ok. We may have to struggle for awhile, but so be it.
What Senator Obama could say is simple: "Senator McCain has said he doesn't understand the economy and this action proves it. This 'Rescue Plan' allows the Government to purchase up to $700 billion in undervalued assets, thereby creating a price and thus a market for private companies to resume trading in mortgage-backed securities.  If the Government purchase is transparent and thus priced correctly these securities conceivably could be held and sold later at a PROFIT!"  Case closed for Obama!!

What we do know is that the deal falling through took WaMu down, BTW, the greatest bank failure in history, but who is quibbling?

What we do know is that everything was on track right up until McCain crash-landed into the White House (something beyond even OBL's powers)with two broken arms yesterday.

What we do know is that McCain was tortured for America in ancient times and now it's payback time.

I'll confess to anything, just go away!!  
And be sure to take the barely legal Brownie Scout with you.
Find a nice retirement community that needs "reform."

Wasilla maybe?
I beg to differ. I am not interested in McCain's explanation for his "actions". I know the reason, and I don't like the reason. What I do want, from both McCain and Obama is, what are you going to do with the economic mess you stand to inherit if you become President? What are "you" going to do to protect me/my family and all other middle class income families?
This article is an interesting analysis, but I think many folks see McCain's recent behavior exactly as it is--like a petulant, bratty child who wants attention but can only get it through throwing a tantrum and issuing ultimatums ("no deal, no debate").  

He just cannot compete with Obama's levelheaded, pragmatic, and forward-thinking approach to problems. Obama has done regular press conferences in which he takes (and answers) questions; McCain went about 40 days inbetween conferences, and took no questions at either one.  He doesn't allow his VP to be questioned, either.

For McCain, everything about his campaign has turned into a political gimmick: the gas tax holiday, off-shore drilling (bringing "psychological benefits"), the Sarah Palin pick, and this latest ultimatum.

The differences between the candidates are very clear, and they will be clarified further tonight. Hopefully, Obama's extra preparation (because he thinks ahead--doesn't act impulsively like McCain) will pay off in the debates. Good luck Barack!
All Obama has to say is, your party put us in this predicament and asked democarts to back this plan, at least we put in protections for the taxpayers.  Where were you from 2001 - 2006, if you are such a great leader, why couldn't you get your party to reform the system?    
McCain really can't spin his way out of this one. Both Democrats and Republicans have been on the air about his efforts to bollix up the works-I can hear the anger in the Republican senator's voices.  They aren't happy that they are going through this ANOTHER day when they are in touch re-elections back home. He's really screwed up big time.  I wouldn't want to be him going back to the senate after he loses this election-he's not going to get kind treatment from either side after this disaster.

But I'm sure that McCain will try to say something along the lines of "I'm sorry I couldn't sign on to this Washington-Wall Street plan but I was a POW for five and a half years."  BTW-This debate could really turn into a rowdy drinking game if we all took a shot every time McCain used the POW line.
Mccain=farce.  I CANNOT believe people vote for this guy.  IF you break down policy, it is nonsense.
Obama has no explaining to do. He won't have an opinion until one of his 300 advisors tells him to have one. Until then, Barack's got nothing.
What's up with these comments on here saying "Obama- he talks and talks and talks and talks of change but never really elaborates on anything he plans to do."

HIS ENTIRE PLAN IS ON HIS WEBSITE. GO READ IT.
Regardless of what you may rightly or wrongly think of these people, they own the game.

Good enough reason right there not to vote for them...because it's a game to them.  A game where they play us, the people.  Play the media.  Play politics with real issues.  

If they were a football team, they'd be USC...unbeatable.

Wait............
A populist ?

After 26 years in Washington of DE-regulation and tax breaks for the rich and off-shore loopholes ?

A populist ?!?!?!?!

Caribou Barbie's explanation on her foreign policy expertise carries more water than this.
McCain can use any way out he wishes.
1) I do not vote for anyone who has a criminal past (KEATING 5)
2) I do not vote for anyone being investigated for ABUSE OF POWER prior to selection (Palin)

3) I AM VOTING FOR BARACK AND BIDEN the only 2 with a clean record!!!
"Lobbyist Lover" McCain had better come up with a better line than to attack Barack as a Washington insider when he has spent his whole career being the consumate Washington insider who has championed the deregulation legislation that has led to this financial disaster.  We only need to look at the Keating 5 scandal to know that the grumpy old man has been in the pocket of big banking his whole career.

We need intelligent calm cool leadership and not more of the same panicky shoot from the hip leadership that has brought our country so low.  We need a leader with brains instead of a fool with bluster.

Go Obama/Biden 08/12!
The debates will not be that important. 9o% of the country already knows who they are voting for. why waste the time
Wait, McCain is the one who drops everything and rushes back to DC to fix things, and then he's the "outsider"? McCain invokes his Senatorial duties and then, when things don't go well, accuses *Obama* of being too "cozy" with the rest of the DC crowd? Well, sure, I can see that angle working out. Uncomfortable with the image the voters have of you? Just claim to be the opposite, even if it flies in the face of widely-reported truth. Americans are too stupid to remember what happened yesterday, much less several years ago. Completely in keeping with the GOP's strategy.
A couple of questions:

If the Dems had a plan like they claimed.....
- What was it?
- Did Barack support it?  
It's easy, Obama can respond that it is McCain and Phil Graham that caused this mess and putting NY and DC in this position.

kevin, pennsauken (Sent Friday, September 26, 2008 2:46 PM)

Graham had something to do with it. He was part of that bill in 1999 that allowed many poor people to qualify for loans. Who signed that bill though? Who was President in 1999 again?
Rebuttal "Senator, I understand your concern. However, your concern would be more genuine if you submitted an alternative proposal and you did not."  
that might be just what he says- but the other day he was supposedly for it, and the concessions the dmes. got from Bush are far better than that which the House Gop is seeking; apparently more TAX CUTS AND DEREGULATION! so hopefully Obama is ready for it and can criticize what the "populist" Republicans are reallly about....obviously we learned long ago that the truth is irrelevant to their party and to the mccain campaign.
It's time for McCain to start living by his slogan and put "Country First"? One single act of heroism 30 years ago is not enough to get my vote. The American people deserve a president that is concern about this country future, not their political future.

Experiense is not the same as expertise and wisdom.

No more Bush/Republican BS.'

Obama is the clear choice.
Take it from me, I knew all about publicity stunts when all else failed. McCain's behavior is nothing new; this latest media blitz is what the Republican Party does when they got nothin' to run on.

Baseball is the only thing besides the paper clip that hasn't changed.
Politico - Burns
“In the end, [McCain] blinked and Obama did not. The 'steady hand in a storm' argument looks now to more favor Obama, not McCain…My guess is that plasma units are rushing to the McCain campaign as we speak to replace the blood flowing there from the fights among the staff.” – Craig Shirley, a Republican consultant and former McCain adviser, shaping a dangerous storyline for his former boss in an interview with the Huffington Post.
If McCain rejects the Bail out....

Ask him to SUSPEND HIS CAMPAIGN until we agree on an acceptable bail out

Isn't THAT why he suspended before ?

Ask him about his campaign manager Rick Davis
Did McCain KNOW Rick Davis was ON THE TAKE from Freddie Mac until last month ?

If not, WHY NOT ?
If so, WHY IS RICK DAVIS STILL YOUR CAMPAIGN MANAGER ?

If Freddie Mac was PAYING Davis for ACCESS TO MCCAIN..
WHY IS DAVIS STILL IN YOUR CAMPAIGN ????
Superman to the rescue, the best we can hope for is if McCain remains silent, he has no conceivable idea of what solutions might exist.
His ideas are no/less regulation got us in this mess to begin with. Now after 26 years he's got the answers, ya right!!
You republicans need to own this problem since you made it, this is what governance looks like after 8 torturous years, ENOUGH!!!!
VOTE OBAMA FOR A BETTER AMERICA
McCain needs this debate.

After embarrassing himself and the political stunt of "suspending" his campaign and promising not to debate until a deal was worked out . . . he has nothing left.

If he does not trounce Obama, it's over for the Straight Talker who now goes by the name of Straight Talker with Forked Tongue.
Here is my straight Talk, if you like what is going on  vote for mccain-palin/bush, you get what you see
I may love my party so much but I will not let anyone drive this country on the wrong direction again, is it that bad even in our selfs we are going to do this the wrong way even having the truth in our eyes?
As a state senator, Barack Obama voted No on making the Elm the state tree for Illinois. Barack Obama is against Elm trees.
THE WHITE HOUSE IN THE ONLY HOUSE CINDY MCCAIN CAN'T BY AND THAT HAS HER REALLY REALLY ANGRY. IF MCCAIN LOOSES, SHE JUST MIGHT DIVORCE HIM -- LOL
Hey S Williams, learn your history. You say the Republicans never put in any regulations to prevent this. They tried in 2005 and 2006, with John McCain himself standing up and warning of the impending crisis, but Dodd, Frank, Schumer and the other Dems voted against reigning in Freddie and Fannie. Just because the media refuses to report the real history of what happened with the mortgage crisis doesn't mean it didn't happen. Do your research people and learn who is really to blame for this mess. A hint...it's the same people who are telling you they are going to fix it with $700 billion of your money!
The best way for Obama to respond to this McCain apology is by saying something along the following lines:

"You shouldn't apologize to me Senator, you should apologize to the rest of the country. You have been in office for over a quarter of a century, and this is the first week you are involved in legislation that will actually regulate the financial industry. Your 26 years of ignorance to this issue is the reason you should be apologizing for"

- Just a thought.
"Don't write off this McCain strategy just yet if Obama appears too cozy with Washington and New York elites, and it's McCain who is the one looking like the outsider. "

McCain?

The outsider?

26 years in the Congress? Lobbyist filled staff? Not sure how many houses and cars he has? Rick Davis getting payments from EVERYWHERE (like Freddie Mac) for "access" to John McCain? Supported no regulation on financial markets and wants to DEREGULATE healthcare?

That "outsider" dog won't hunt FR, but nice try though.
Are you trying to help McCain out here?  He's been a blundering idiot on the economy all along and he's only made it worse in the past two weeks.  
He can 'try' to say anything he wants to.  I think the facts are that some attempt to keep credit flowing in our country has to be made.  If they can at least get something up and running and get us through this election, I actually believe President Obama can bring together a better solution once he is actually empowered as our leader.  

McCain needs to retire and get some rest.


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