WASHINGTON — The financial crisis has turned the race between Senators John McCain and Barack Obama into an audition for who could best handle a national economic emergency.
Mr. McCain, the Republican nominee for president, called on President Bush on Thursday to dismiss the chairman of the Securities and Exchange Commission, Christopher Cox, a former Republican congressman and a Bush appointee.
Mr. McCain, who early in the week seemed to struggle to find a consistent message on the economy, also proposed a government body to relieve struggling financial institutions of some bad debt in hopes of keeping them solvent. A similar approach was being considered Thursday night by the Bush administration and Congressional leaders.
Mr. McCain is expected to lay out a broader view of his approach to the crisis on Friday morning in Wisconsin.
http://www.nytimes.com/2008/09/19/us/politics/19campaign.html?th&emc=th