Obama's Got It Covered; McCain & Palin? No Clue

How many times in one week can the Republican ticket show it has no idea what it's talking about?

Sarah Palin: "This week, when the economic crisis threatened the livelihoods of millions of Americans, John McCain took a clear stand and he offered his own recovery plan," Palin told an enthusiastic crowd of thousands. "Our opponent refused to even take a stand on the position..."

Well, what McCain "plan" should we go with, Sarah? The plan to fire the Chairman of the SEC which a president is not able to do, the plan to ask for the resignation of the chairman of the FEC who has nothing to do with the economy, or the plan to try to blame the Democrats and Barack Obama for the deregulation championed by McCain and devised by his economic advisor Phil Gramm that has caused this mess in the first place?

Meanwhile, Barack Obama spent the week speaking to advisers, economists and having meetings to actually devise a plan, not just "take a stand" and then change his stand multiple times.

Barack Obama: "As of now, the Bush administration has only offered a concept with a staggering price tag, not a plan," Obama said. "Even if the U.S. Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering. And in return for their support, the American people must be assured that the deal reflects the basic principles of transparency, and fairness, and reform. We can’t allow this to happen again. They have run this government, they have run this economy into the ground. We’ve got to make sure that we lift if back up, but we’ve got to have some rules in place to make sure it doesn’t happen again."

Obama set out seven principles (several of which he has regularly mentioned on the campaign trail) for what he would like to see included in the government's bailout plan.

You can read the outline here.

And to round out the week, McCain's 60 Minutes interview added a little bonus.