The Plank

Yet Another Mccain Gambit Thought

It occurs to me that McCain's gambit is likely to delay the bailout negotiations, not speed them up. Why? Because now, if the administration and Congressional Republicans can't make a deal without undercutting McCain's claim that the negotiations are failing and a campaign suspension is needed to rescure them. All the reporting I've seen suggests a deal was in the works. Now it's going to be in limbo, unless Republicans are willing to kneecap their own candidate.

--Jonathan Chait

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