McCain Gets That Sinking Feeling...

From today's New York Times:

The presidential campaign of Senator John McCain, the Arizona Republican who once seemed poised to be his party’s nominee in 2008, acknowledged yesterday that it was in a political and financial crisis as a drop in fund-raising forced it to dismiss dozens of workers and aides and retool its strategy on where to compete.

The campaign said the decline in contributions had left it with $2 million. It said it had raised just $11.2 million over the last three months, despite Mr. McCain’s promise to do better than his anemic $13 million showing in the first three months of the year.

McCain himself speculates this has a lot to do with the defeat of the immigration bill, and the Times speculates that it has to do with his position on the war. Interestingly enough, there is no mention of his incumbent protection act campaign finance reform, The Gang of 14, lack of support for the Bush tax cuts and every other action he has taken to alienate the GOP base.

In the words of Hugh Hewitt, he is "great American, lousy Senator and terrible Republican" and to that I would ad "a man who will never be President!"

Other Comments:

• Politico thinks it may signal the begining of the end.
• Allahpundit equates his joy with receiving an iPhone.
• John Hood thinks this might hurt Rudy.
• Michelle has a campaign death watch going.
• Patrick Ruffini (for Hugh) says it's already over.