McCain definately felt like he had to do "something." Ordinary campaigning wasn't going to cut it. As others pointed out, we'll have to wait and see the public's reactions. For what it's worth, McCain really didn't have anything to lose.
That's pretty much what I think Mccain really doesn't have anything to lose seeing how
this turmoil on wall street is going to hurt him more. he needed to throw a hail marry
and he did, it could work he could come across looking above politics it doesn't really make difference either either way even if this does help Mccain,most likely its just going to delay the Inevitable, it my even be unfair but the truth is this whole thing is going to hurt Mccain more then it could ever could Obama. the public is going to be looking for somebody to blame in all this, other then wall street, there scorn will be directed at Bush and most likely there going to take it out on Mccain in November.