First Read:
Losing the spin war: Speaking of, McCain's losing the spin war on the bailout plan for a couple of reasons. One, he's not just up against a fairly united Democratic Congress and Obama -- but also the White House and Hank Paulson. And Senate Republicans appear to be on board as well; GOP Sen. Lamar Alexander told CNBC’s John Harwood that as many of 40 out of the 49 Republicans in that chamber could support the bailout. It's only McCain and the House Republicans who are now opposing this. Last night, the McCain campaign sent a memo to reporters, saying: "At this moment, the plan that has been put forth by the Administration does not enjoy the confidence of the American people as it will not protect that taxpayers and will sacrifice Main Street in favor of Wall Street. The bottom line is that as of tonight, there are not enough Republican or Democrat votes for the current plan. However, we are still optimistic that a bipartisan solution will be found." But
by injecting himself into the bailout negotiations, McCain has forced himself into thiseither-or situation: convince House Republicans to back the plan, or come up with a plan of his own. If he can't do either, then why did he come to Washington? And what happens if the market collapses today? Does McCain own a market collapse?http://firstread.msnbc.msn.com/archive/2008/09/26/1450978.aspx