McCain trading

Glenn Reynolds says:

PULLING AN OBAMA: McCain puts his foot in it.

Is it my imagination, or is his campaign unravelling all of a sudden?

Peggy Noonan thinks:

Why did he do the Letterman show? To get his name in the paper, or rather to get his name in the paper followed by the word "announces" as opposed to the word "over." A year ago he was pretty much on top, the past few months he's lost steam.

Why was he once so hot and now so not?

Politics is like show business: Nobody knows anything. Everyone's guessing. Everyone's waiting to find out. Then, when it's over, they tell you at great and knowing length why it happened.

Maybe the McCain story is as simple as what he's always known, what he was taught, and what he experienced in war: The more time you spend in the air, the more you get dinged.

It's appears a lot easier to scoop some 2008.GOP.NOM.MCCAIN now than in all of 2006. (I am long a little Rudy, Newt, Dick & Jeb).