Letterman Tonight

I take it that McCain cancelled an appearance with Letterman tonight, telling Letterman he was flying back to Washington to save America. But Letterman realized that as he was taping tonight’s show, McCain actually was in the CBS building being interviewed by Katie Couric. Olbermann said Letterman, um, reacts to this in the program tonight. Could be fun. I may stay up and watch.

Update: Letterman quote

“What are you going to do if you’re elected and things get tough? Suspend being president? We’ve got a guy like that now!”

This will be on Letterman tonight. McCain may have just screwed the pooch.

Whoa — McCain Suspends Campaign? Chickens Out on Debate?

[More and more updates below.]

I didn’t see this coming.

Republican John McCain said Wednesday he is directing his staff to work with Democrat Barack Obama’s campaign and the presidential debate commission to delay Friday’s debate because of the economic crisis.

In a statement, McCain said he will stop campaigning after addressing former President Clinton’s Global Initiative session on Thursday and return to Washington to focus on the nation’s financial problems.

I passed up a chance to get press credentials for CGI before it was announced McCain and Obama would be there, dammit.

Anyway, this move is —

  1. A maneuver to demonstrate McCain’s “leadership” and make him seem more “presidential”; or
  2. A signal either he or his campaign are cracking up.

Update: The Faux News announcement makes ducking the debate sound like McCain’s patriotic duty. Ben Smith of Politico calls it a “gambit.”

Steve Benen:

I’ve never even heard of a presidential candidate acting in such a reckless, compulsive, and ultimately haphazard fashion. McCain just decided to “suspend” campaign activities? This rivals picking Sarah Palin for the ticket on the list of desperation moves. …

… The moment the winds shifted and Obama had a growing lead in the polls, it’s time to suspend the campaign. Good lord, McCain really does think voters are idiots.

Update: This is from Joe Klein

McCain suspends his campaign because of financial crisis? Oh please. Given today’s poll numbers–even Fox has him dropping–it seems another Hail Mary (like the feckless selection of Palin) to try make McCain seem a statesman, which is difficult given the puerile tenor of his campaign’s message operation.

Obama should counter with a suggestion that the topic of the debate be changed form foreign policy to the financial crisis.

I like this headline — McCain: Can’t Debate, Gotta Save Country.

The Young Turks are mildly chagrined
.

Update: Barack Obama is supposed to issue a statement any minute now. Here he is.

Obama says he called McCain this morning to suggest the two candidates issue a joint statement on the financial crisis.

He says he’s been in touch with leaders in Congress and Secretary Paulson. Time for politics, and a time to put politics aside. Grrr, he’s not being clear.

OK, he says this is the time the people need to hear from the candidates. A president has to do more than one thing at once. More important than ever for candidates to present themselves to the people.

Debate is on, as far as Obama is concerned.

Update: You may have heard that the Creature is giving an address on the financial crisis tonight. Today WH mouthpiece Dana Parino said the White House thinks negotiations are going very well. There’s no crisis about the crisis, she said.

Update: The Debate Commission says the debate is on, according to MSNBC.

Good News/Bad News

The good news is that yesterday House Republicans rebelled against Dick the Dick.

The vice president traveled to Capitol Hill on Tuesday to silence a chorus of GOP complaints about Treasury Secretary Henry Paulson’s $700 billion plan. But House Republicans who walked into a closed-door meeting with Cheney steaming over the plan walked out just as angry, and they described what happened in between as both “a bloodbath” and “an unmitigated disaster.”

The bad news is that House Republicans are going to play the partisan politics game with the financial crisis.

Republican leaders are now hoping Democrats load the legislation with unrelated measures that would give them the political cover to oppose it, members and aides said. At the same time, party leaders are using back channels in the business community to gauge member support for a “clean” bill.

Former House Speaker Newt Gingrich (R-Ga.) warned his former colleagues that they would pay a price in November for backing the bailout now — and that John McCain could ride to victory over Barack Obama by persuading voters that the bailout is really the “Obama-Bush plan.”

Maybe I haven’t had enough coffee yet, but I find it baffling that some Senate Democrats are waiting to see how McCain votes on the measure before they decide how they will vote. See also Digby.

Back to good news/bad news. The good news is that Obama has a clear lead over McCain in the latest Washington Post-NBC News poll. Much of this lead is coming from white women switching their preference from McCain to Obama. Obama now has a small lead among white women.

The bad news is that media are still going with the “white women don’t like Obama” story.

File this under “weird news.” Michelle Malkin blames illegal immigrants for the financial crisis. The girl belongs in a carnival freak show.

More weird news, although I’m not surprised. Pew Research says 57 percent of the public favors the Wall Street bailout. On the other hand, the latest Bloomberg/Los Angeles Times poll says 55 percent of the public is opposed to the Wall Street bailout.

The Pew poll told respondents that the government is “potentially investing billions to try and keep financial institutions and markets secure” and asked whether that’s the right thing to do. The Bloomberg/Los Angeles Times poll asked whether “the government should use taxpayers’ dollars to rescue ailing private financial firms whose collapse could have adverse effects on the economy and market, or is it not the government’s responsibility to bail out private companies with taxpayers’ dollars?”

I extrapolate from this that about two-thirds of the public doesn’t know what the hell is going on. Anyway, the good news/bad news I see here is that, politically, it doesn’t much matter what Congress does. All that matters is how it’s explained. This opens the door to the possibility that Congress could do the right thing without political penalty. It also opens the door to the possibility that Congress could do the wrong thing without political penalty.

Sort of bad news: The Right thinks the Fannie-Freddie issue can be blamed on Democrats.

The good news is that John McCain’s campaign manager has been on Freddie Mac’s payroll from the end of 2005 until last month.

Bring it on, righties.

Update: The McCain campaign is slamming the New York Times for running the story about the campaign manager’s ties to Freddie Mac. Not true, says Michael Goldfarb. Freddie Mac did pay a monthly retainer of $15,000 to Rick Davis’s firm, Davis Manafort, but Davis himself did not take any of that money.

For the record, the New York Times story published a statement from the McCain campaign saying David is not receiving income from his company. The Times also said, however, that Davis “as a partner and equity-holder continues to benefit from its income.”

Goldfarb is having one major hissy fit and complaining that the New York Times has not published any nasty investigations into whatever nefarious things David Axelrod, Obama’s campaign manager, is into. Press bias!

David Isikoff at Newsweek is biased also, apparently.

See also John Cole.