McCain’s decision to return to his DC day-job, and criticisms of earmarks and excessive spending are noble — but nevertheless killing him as blah, blah distractions during the current meltdown as Obama hits the airwaves hard with boilerplate populism, lambasting Wall-Street greed (fair enough) and the administration laxity in allowing these pirates to rob freely (incumbents are always held accountable for economic malaise).
In “Give ‘em Hell, Harry” style McCain must counter that by damning Wall Street greed, but also the corruption of in-the-tank House and Senate Democrats who kept regulators from shutting down Fannie Mae and Freddie Mac corruption. (watching clips of Raines, Frank and Walters from the 2004 hearings is almost surreal.)
Opposing the bailout may sound populist and make sense, but politically it is short-sighted since prolonged uncertain markets only hurt McCain; and once the outraged population sees how their 401(k)s tank, they will reconsider opposing governmental intervention. Given the large Democratic majority in the House, the proper guarantees and reforms won’t happen, and salvaging what one can to restore financial trust is about the only sane alternative.
McCain must expose the sudden Obama middle class populism as disingenuous, inasmuch as he attended a church for 20 years whose popular ethos was smug ridicule for the values of “middle-classness.” Community organizing, often with Acorn, to redistribute wealth is not middle class anything. Nor is Obama’s notion of raising taxes in a meltdown.
Palin should mock the gotcha-media games of her interviewers, and get back to her populist cultural message and can-do attitude. What gave McCain-Palin the September surge was weariness with the vero possumus Obama elitism, and anger at the media tsking tsking of the empathetic moose-hunting mom. The Wall Street meltdown — coupled with Palin’s freezing up before the glasses-on-the-nose-Gibson and sourpuss look of Katie Couric — derailed that.
So zen-like they have to turn populism to their own advantage. The two most unpopular groups in America right now are Wall-Street pirates who misled for their own bonuses, and those in Congress who cloaked Enron-like corruption at Freddie Mac and Fannie Mae in political-correctness. Franklin Raines and Jim Johnson are the Ken Lays of the 21st-century and the public should hear that — often.