Memo from Obama campaign on McCain's response to economic crisis.

The campaign just issued this Memo...

TO: Interested Parties
FR: Obama-Biden Campaign
RE: McCain’s Erratic Response to the Economic Crisis

McCain’s Erratic Response to the Economic Crisis
McCain: “The Hard Earned Savings Of Americans Should Not Be Penalized
By The Erratic Behavior Of Politicians” - 10/14/08

During the last several weeks, the American people have witnessed Barack Obama’s consistent, steady leadership in responding to the financial crisis. He advanced a set of principles and fought to ensure that the financial rescue package included taxpayer protections, restrictions on CEO enrichment, support for homeowners and oversight of financial institutions. He has outlined a comprehensive four-part rescue plan for the middle class that builds on policies he has been advocating during this campaign and incorporates new ideas to create jobs, provide relief to families, help homeowners and stabilize our financial markets.

While John McCain claims that these times require a “steady hand on the tiller,” his reaction has been anything but. The most recent example saw the McCain campaign promising the rollout of new economic plans this weekend, but by Monday opting to give a new political speech. Today, in another erratic response to the financial crisis, McCain rolled out new spending proposals while his campaign argued that he had always planned to roll out new economic plans today, a day after saying they had no plans to unveil any new economic proposals. This comes less than a week after the sloppy rollout of his new mortgage plan, which found him and his head economic adviser disagreeing, within hours, about whether new funding would be needed to implement that plan. In the past month, McCain’s response to the crisis has “careened,” sometimes changing course within the span of a single day and this past spring, he offered three different housing plans after admitting that he didn’t anticipate the housing crisis. McCain’s unsteady responses over the course of this crisis have demonstrated how out-of-touch he is with the struggles facing working Americans and how ill-equipped he is to implement the solutions and changes that we need.

Over the weekend, the McCain campaign discussed unveiling more economic plans in the hope that something would stick, but instead McCain gave a political speech' today McCain is offering up new economic plans the day after his campaign said they had no plans to unveil new proposals.