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If John McCain fails … to catch Barack Obama, his slow response to the financial hurricane of 2008 will be Exhibit A. The betting here is that when the McCain campaign’s black box is recovered it will show he lost altitude during the six days from Sept. 24, when McCain suspended his campaign, to Sept. 29, when the House GOP defeated the first Paulson Plan to rescue the American financial system. Neither Mr. McCain nor the GOP is likely to recover before Nov. 4 from those six dramatic days, when they did little to deal with Hurricane Fannie’s Category 50 financial crisis. …

History in its wisdom may record who made the right and wrong calls through this period of financial ruin. But make no mistake: The infighting over the Paulson Plan among conservatives — always looking for an excuse to bolt the McCain campaign — neutralized Mr. McCain at the exact moment that the U.S. electorate was focusing like a laser on the crisis.