Monday, October 13, 2008

If It’s Monday…

…it must be time for a new economic proposal from John McCain.

As part of a plan to reinvigorate his flagging campaign, Sen. John McCain (R-Ariz.) is considering additional economic measures aimed directly at the middle class that are likely to be rolled out this week, campaign officials said.

Among the measures being considered are tax cuts – perhaps temporary – for capital gains and dividends, the officials said.

“The market’s the focus,” a McCain adviser said. “You want to stop the fleeing.”

No more bailout money is being contemplated, the adviser said. “We’ve written a check to everyone in sight,” the adviser said. “We’re not in that game.”

McCain advisers hope that by being specific, he can pose a contrast to Sen. Barack Obama (D-Ill.), who has been benefited from taking a vague but consistent approach to policy during the economic crisis.

Senator Lindsey Graham (R-SC), John McCain’s Robin to his Batman, went on TV yesterday to tout the plan.

But wait. Now the New York Times is reporting that there are no new proposals in the works.

…McCain advisers later said they did not know why Mr. Graham said that. One noted that Mr. McCain’s economic plan already would cut capital gains and dividend tax rates, by extending President Bush’s 2003 tax cuts. At the phone bank, Mr. McCain declined to answer a question from a reporter about what he was considering.

“We do not have any immediate plans to announce any policy proposals outside of the proposals that John McCain has announced, and the certain proposals that would result as economic news continues to come our way,” said a campaign spokesman, Tucker Bounds. Mr. McCain’s policy adviser, Douglas Holtz-Eakin, said, “I have no comment on anything, to anybody.”

I think the word you’re looking for is “flailing.”