Flailing

Joe Klein at Time says:

This is shaping up as a pretty bad week for the McCain campaign. First, the economic fundamentals are sound. Then we're in a major crisis. He talks about the excessive compensation that CEOs receive, but continues to have Carly Fiorina ($100 million for her failed stewardship of Hewlett Packard) as an economic spokesperson. He wants to have a vigorous new regulatory regime patrolling Wall Street--even though he has always opposed such a regime and his pal Phi Gramm was the guy in charge of dynamiting the regulations--and yet he is running this ad, warning against excessive federal power.