McCain.......the Hoover effect??

[politicaltipster]

Firstly, the economy is still in reasonably robust shape with unemployment is still relatively low.

Secondly the Dems are divided between those who want bailouts for everyone (Clinton and Obama) and those who don't want any bailouts (Baucus).

Thirdly, McCain's plan (although by no means perfect) is actually quite nuanced and could be spun in a principled way (like his refusal to pander to  homeowners in Florida).

Fourth, hysteria aside, there is no way that there could be a repeat of the Great Depression (or even of the late 80s/early 90s).