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New McCain Spot Argues Economy In Crisis

As the struggles of the financial markets top the news agenda today, the McCain campaign has released a new ad, "Crisis," that takes a dim view of the economy. The spot suggests only Republican presidential nominee McCain and running mate Sarah Palin can "fix" what has gone wrong on Wall Street. The campaign says the ad will air on national television.

"Our economy in crisis," says an announcer as the spot opens. "Only proven reformers John McCain and Sarah Palin can fix it. Tougher rules on Wall Street to protect your life savings. No special interest giveaways. Lower taxes to create new jobs. Offshore drilling to reduce gas prices. McCain - Palin. Leadership, experience, for the change we need."

The Obama campaign released a statement in response to the spot which reads in part, "John McCain has been in Washington for twenty-six years and hasn't lifted a finger to reform the regulations that could've prevented this crisis. In fact, his campaign is run by some of the very same lobbyists who fought against these regulations and worked to put special interest giveaways in our federal budget."

On the stump today, McCain said that while the fundamentals of the economy are strong, these are "very, very difficult times."