October 7th, 2008
04:16 PM ET
6 years ago

McCain facing the 'crisis of his career,' Gingrich says

Gingrich says McCain should come out against the bailout.
Gingrich says McCain should come out against the bailout.

(CNN) - John McCain faces the "crisis of his career," says former House Speak Newt Gingrich, who predicted the Republican nominee will lose the election unless he makes a public break from the economic bailout proposal.

In a column posted on the Web site of the conservative Human Events Tuesday, Gingrich says it is impossible for McCain to catch up in the national or state polls unless he taps into the anger many Americans feel toward the $700 billion bailout of Wall Street investment banks.

"If Senator McCain is not prepared to separate himself from the Bush-Paulson economic program, he has no opportunity to win," Gingrich writes. "The country is deeply fed up with the Bush presidency and angry about the Paulson bailout. If McCain is confused or uncertain about how bad this economic performance is, he will never get the country to listen to him."

Gingrich is the latest prominent conservative to criticize McCain for supporting the bill, which Congress passed last week. Speaking on CNN last week, radio host Glenn Beck said the Arizona senator will lose the election over the vote: I think he lost the election - there was a moment here for somebody here to rise up as a leader," Beck said.

The latest CNN/Opinion Research Corporation poll confirms the majority of Americans remain deeply distrustful of the massive bailout package. According to the new survey released Tuesday, close to 60 percent say the plan will not treat taxpayers fairly, and more than half think the government will only get a little bit of the money back. More than half also said they don't think the government will spend the money properly.

"Just as Margaret Thatcher and Ronald Reagan (as well as the House Republicans in 1994 with the Contract with America) created a large argument which led to a decisive result, so McCain has an opportunity to reach beyond the daily attacks and clever tactics and spend the last 28 days of this campaign making a large argument over America's future," Gingrich, a primary author of the 1994 Contract with America, also said.

But it may be impossible for McCain to publicly break with the president on the plan. The GOP nominee suspended his campaign two weeks ago to ensure the economic bailout package was passed. When he cast his vote for the bill last week, McCain said it was "significantly improved" from its original version and now included "strengthened protections and oversight" for taxpayers. Though the legislation did contain billions in earmarks, something McCain said he opposed.

McCain campaign aides have since said they are aiming to turn the narrative on the campaign trail away from the country's financial woes and the unpopular economic bailout - a strategy Gingrich sharply opposes.

"If McCain is prepared to declare that it is time for a fundamental change away from the failure of Bush-Paulson and away from the leftism of Obama …then he has a huge opportunity," Gingrich writes.


Filed under: Candidate Barack Obama • John McCain
soundoff (130 Responses)
  1. Kelby from Houston, TX

    I'll have to disagree with Newt on this one. There is nothing that McCain can do in order to catch up, not even if he makes a public break from the economic bailout proposal.
    McCain would have to break with GOP, Sara Palin and John McCain of 2008. He would have to get into a magic time machine and go back to the year 2000 pick up the old McCain and bring him back here.
    What I am trying to say here is that nothing short the impossible will bring him back. McCain is lost and McCain and the entire Rethuglican party HAS lost, not only this presidential election, but they are going to lose the Senate seats as well, over the course of the last 8 years.
    This isn't just the crisis of McCain's career. This is the culmination of proof that republican policies simply DON'T WORK! THERE IDEAS ARE TAINTED WITH CORRUPTION AND GREED. And now they have left no doubt in the American public's mind of this fact. Republicans are now proven failures.

    VOTE FOR DEMOCRATS (especially in the Senate)
    VOTE FOR OBAMA

    October 7, 2008 04:39 pm at 4:39 pm |
  2. BJGT

    In April this year, McCain stated that he will not run a dishonorable campaign, and guess what?
    McCain is now running a dishonorable campaign. So what does that say about this man?

    Palin and he have constantly accused Obama wrongly, of things they have been guilty of doing themselves. What does that say about McCain and Palin? That they are hypocrites? You betcha.

    They have fooled some people into believing the lies, unfortunately. It also seems that since they are now doing very badly in the polls, their attacks are more vicious than all the wolves in Alaska.
    Their campaign rallies are becoming ugly, and dangerous. They even attacked the members of the
    media who were non white. What does that say about these two people? Do you think they will unite this country? Not these two fake mavericks.

    October 7, 2008 04:39 pm at 4:39 pm |
  3. Keith in VA Beach

    Shut up Newt Gingrich! Go back into obscurity where you belong. McCain's campaign is a lost cause. The American people see through his desperate attempts to sway their mindsets. As Sarkozy put it, the times of laissez faire are OVER!!!

    October 7, 2008 04:39 pm at 4:39 pm |
  4. joe H

    too bad the 'maverick' hasn't been much of a 'maverick' at all during his campaign for the presidency. if he had told his cut-and-dry, black-and-white GOP handlers to back off from day 1, there's a good chance he'd be ahead in the polls right now.

    October 7, 2008 04:40 pm at 4:40 pm |
  5. Gee, Alabama

    I've only one advice for McCain
    If you're in a hole, stop digging !!!

    OBAMA /BIDEN 08

    October 7, 2008 04:40 pm at 4:40 pm |
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