The nation's financial system is experiencing its most severe threat since the Great Depression. The string of bank failures in the US has now spread to Europe. Although the US government has approved the $700 billion bailout bill, we still do not know if the legislation will be successful in resolving the credit crunch; many well-regarded economists predict it will not.
No matter. The McCain campaign has announced that it wants to "[turn] a page" on the financial crisis. The declaration comes from Greg Strimple, one of McCain's top advisers:
"We are looking forward to turning a page on this financial crisis and getting back to discussing Mr. Obama's aggressively liberal record and how he will be too risky for Americans."
Got that voters? The economy is in dire straits, but Senator McCain does not poll well on the issue, so we need to turn the page. Let's pretend this threat to the global economy to longer exists, and focus on things that will help McCain's poll numbers.
True to its word, the McCain campaign has stepped up its smearing of Obama, which includes Governor Palin repeatedly claiming that Obama is "palling around with terrorists who would target their own country." The Associated Press has stated the allegations are false: “Obama has denounced Ayers' radical views and activities, and there is no evidence they have palled around.”
Senator Obama's response:
"Instead of addressing these crises, Senator McCain's campaign has announced that they plan to turn the page on the discussion about our economy and spend the final weeks of this campaign launching Swiftboat-style attacks on me."
The Obama campaign would do well to continue to tie McCain's frame smear campaign to Strimple's "turn a page" comments. Strimple's admission highlights what is obvious: Senator McCain's smear tactics are part of a blatant, desperate attempt to shift the focus away from the economy.