McCain's Insane Tax Plan

I have to wonder what this campaign would be like if there were different nominees from the parties. I have to think that Hillary would be up on McCain as least as much as Obama, but would have moved into the lead even earlier. The real difference would be with the Republicans--had Mitt Romney been the nominee, the GOP would have been in much better shape to argue that their candidate is the one who understands the economy and could fix it.

Or would they? Romney lacks the popular touch even more than McCain. However, McCain's age works against him through the comparison with the youthful Obama, which would have been more neutralized with Romney. McCain doesn't exactly connect with voters--support for him in large part stems from unease with Obama. That same unease would've worked for Romney, but other than age I don't think Mitt would've been a much better nominee even given the financial mess.

And then there's the Huckster. The only other viable Republican nominee, Huckabee has what the other two lack, which is the common touch. It would have been a dangerous comparison with Obama from the Democratic perspective. Huckabee could have smeared him on the Rev. Wright stuff, and been able to bring it up again and again without really bringing it up.

I was prompted in the direction of these wild what-if speculations due to McCain's tax cut proposal yesterday. What a disaster. For a campaign that I had so much respect for strategy-wise prior to the Ides of September, their stock has rapidly declined in my mind. McCain should have opposed the bailout. This would have given him what he lacked and what he was vulnerable on--a populist appeal. He could have done it with conservative bona fides, since a lot of the GOP base opposed it.

The whole reason Palin was picked was precisely for an injection of the popular touch. But Palin, like McCain's strategy in the last four weeks, is a gimmick. All McCain's trickery has turned his campaign into a laughing stock. And now this--his response to the financial crisis is a capital gains tax! Unbelievable.

I don't care if it's right. I don't care if it is sound policy. This is not college ECON 202 class. This is a presidential campaign, and a capital gains tax cut does nothing for McCain's campaign. Nothing, but give Obama a gift complete with wrapping and a red bow. It fits the stereotype of McCain being out of touch, flailing around with his proposals, and in the tank with Bush big-business policies. That's a stereotype that McCain needed to work against, not comfortably slide into.

McCain had his chance on the economy to rally disaffected voters, and he chose the safe route. This is why he's down and will probably lose.