Analysis: With bailout, McCain reaches dead end

By STEVEN R. HURST
Associated Press Writer

WASHINGTON - Republican John McCain has maneuvered himself into a political dead end and has five weeks to find his way out.

Last Wednesday, McCain suspended his presidential campaign to insert himself into a $700 billion effort to rescue America's crumbling financial structure. In so doing, he tied himself far more tightly to the bill than did his Democratic opponent, Barack Obama.

Then, as the bailout plan appeared ready for passage Monday in the House, McCain bragged that he was an action-oriented Teddy Roosevelt Republican who did not sit on the sidelines at a moment of crisis.

The implication: that he played a critical role in building bipartisan support for the unprecedented bailout.

"I went to Washington last week to make sure that the taxpayers of Ohio and across this great country were not left footing the bill for mistakes made on Wall Street and in Washington," McCain said at a campaign rally in the swing state of Ohio.

Both he and Obama had insisted the plan originally proposed by the Bush administration be strengthened with greater oversight and regulation.

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