It has become clear that no consensus has developed to support the Administration's proposal to meet the crisis. I do not believe that the plan on the table will pass as it currently stands, and we are running out of time. So I am returning to Washington to seek five fundamental improvements to this critical legislation.
What's going on here? I can think of a few possibilities:
Delaying tactic? McCain is simply lying about the state of the deal in order to justify his move and skip the debate. Maybe he just really, really wants to skip the debate, or push the foreign policy debate until closer to the election, or get Palin out of her debate, or as Americablog reports, keep people from seeing his droopy eye. If a deal is close, then he can't skip, and the move makes even less sense that it currently does (which isn't much). So, he has to claim that no deal is close.
Undermining tactic? McCain is seeking to torpedo the current version of the deal, and then be the guy who forges a new deal, thereby taking credit. Perhaps congressional Republicans are in on this one.
Supporting Tactic? Maybe McCain is trying to ratchet up the sense of crisis even more, thereby helping the bill pass. $700 billion is, after all, a lot of money for McCain's friends, and a good way to make President Obama look bad. Maybe this is simply a continuation of the shock doctrine tactics on this bill.
Just plain nuts? McCain could also be lying, or out of it, or just kind of nuts. This is a possibility that is always worth considering with McCain.
Hard to say for sure, but McCain is coming off as more of an unstable wackjob every day. The debate is scheduled for just 33 hours from now, and the University of Mississippi, Commission on Presidential Debates, and Barack Obama all say it's on. Will they go forward with a one-person panel if McCain doesn't show up? Along with trying to figure out what McCain is doing, that is the other big question I have right now.