RNC Ad Tries To Tie Bailout Plan To Obama

John McCain "suspended" his presidential campaign last week to ensure passage of the Wall Street bailout package, claiming that if Congress didn't act, the United States faced the possibility of another Great Depression.

And now, this morning, the Republican National Committee independent expenditure arm has released an ad that essentially trashes that very bill (while trying to link it, in a negative way, to Barack Obama).

Watch the video below, and note the first two lines: "Wall Street squanders our money and Washington is forced to bail them out with - you guessed it - our money. Can it get any worse?"

Is this not a quintessential example of politicizing the Wall Street crisis -- the very thing McCain has been railing about? Not only is the RNC using the bailout as an electoral wedge, but it's doing so in a completely misleading way, by suggesting that McCain doesn't also support the package.

UPDATE: The Obama campaign releases a statement:

"For John McCain's party to demagogue a rescue plan that he supports in order to score cheap political points is not only dishonest and dishonorable, it is the height of irresponsibility on a day when we urgently need to pass that plan to prevent an economic catastrophe. So much for country first," said Obama-Biden spokesman Bill Burton.