Obama will speak on the economy shortly. Rob live-blogged McCain’s “Herbert Hoover” speech earlier today. McCain seems to have forgotten that he’s been in Washington for 26 years. And, he’s also forgotten his involvement with the Keating 5. Instead, McCain’s major speech on the economy was just an attack on Barack Obama. And, McCain just kept repeating lies that have already been debunked.

NY Times:

Senator John McCain gave a few new details of his economic proposals at a speech here Friday morning, but the address seemed as much a political shot at Senator Barack Obama as a policy prescription.

Washington Post:

Republican presidential candidate John McCain offered few new details this morning on how he would respond to the crisis in the nation’s financial markets, instead renewing his criticism of Democratic rival Barack Obama’s ties to former heads of mortgage giants Freddie Mac and Fannie Mae. The campaign yesterday had promised more information about McCain’s economic plan. But McCain, in a speech to a hastily assembled meeting of the local chamber of commerce, mostly repeated his call for a new government trust that would identify and help rescue failing financial institutions and a set of principles to guide future regulation and legislation.

No new details, but plenty of political attacks. That’s not exactly the kind of leadership that would calm the markets and instill confidence. In the middle of the worst financial crisis since the Savings and Loan debacle, McCain’s speech was just more of the same. He really is just a nasty guy with no vision for the country.