John McCain's path to 270 electoral votes may have gotten quite a bit harder on Thursday. As first reported by Politico's Jonathan Martin, the McCain campaign is pulling the plug on trying to win Michigan's 17 electoral votes. He has cancelled an event in the Wolverine State and is expected to halt his campaign's television advertising there, according to Republicans familiar with McCain's plans.
"Things have not gone well for him here since the Wall Street debacle," said Bill Ballenger, the editor of "Inside Michigan Politics," a non-partisan political newsletter.
McCain's move does not deliver a net gain of electoral votes into Obama's column: John Kerry, after all, won the state in 2004.
But Republicans had been hoping that a win in Michigan -- a state that Democrats skipped in the primaries and that has a history of racially charged politics -- could offset McCain losses in states like Iowa and New Mexico that Bush won narrowly in 2004. GOP hopes were not unfounded.
Back in June, Obama campaign manager David Plouffe identified Michigan as one of three Kerry states "most in danger" for the Democrats in 2008.
(The other two were Pennsylvania and New Hampshire).
Ballenger, the state's foremost political analyst, says that McCain has "outperformed anybody that the Republicans could have nominated."
In the end, however, the financial crisis appears to have undone McCain's hopes in Michigan, a state with the nation's highest unemployment rate that has also been hard hit by the nation's foreclosure crisis.
"This Wall Street meltdown has exacerbated people's anxiety about the economy," said Ballenger, "and it makes it even more impossible for the Republican nominee, whoever it might be."
"Every time George W. Bush comes on television, he reminds the country how unhappy they are, and he weakens McCain."
--Newt Gingrich explaining to ABCNews.com on Tuesday how the financial crisis hurts McCain
On the campaign trail. . .
-- 1:30 pm ET: Holds town hall meeting in Pueblo, CO
-- Fundraises in Texas
-- 11:00 am ET: Holds a community gathering in Abington, PA
-- 11:00 am ET: Speaks at son's deployment in Dover, DE
At the White House. . .
-- 6:50 pm ET: Attends Kenny Hulshof for Governor Dinner
POLITICAL NEWS STORIES ON ABCNEWS.COM
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ABC News' George Stephanopoulos: Stephanopoulos: Palin a Drag on Republican Ticket LINK
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ABC News' John Berman, Sunlen Miller and Ursula Fahy: Obama...Nice No More LINK
ABC News' Jake Tapper: Awkward! LINK
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ABC News' Jake Tapper: McCain Campaign Insinuates Bias by Moderator of VP Debate LINK
ABC News' Jake Tapper: Live from Capitol Hill LINK
ABC News' Jake Tapper: McCain Gives Interview to Gay DC Newspaper LINK
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ABC News' John Berman, Sunlen Miller, and Ursula Fahy: Crowding the Voter Rolls LINK
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ABC News' Jake Tapper: Motorsports Racetrack Property Aid? Puerto Rico Rum Taxes? In the Economic Rescue Bill? LINK
ABC News' Nitya Venkataraman: Palin, Biden Head to St. Louis for 2008's One-and-Only Vice Presidential Debate LINK
POLITICAL VIDEO ON ABCNEWS.COM
Sam Says Debate Is 'All About McCain'
Sam Donaldson: Palin's performance will be a reflection of McCain's judgment. LINK
Vice Presidential Debate Preview
The pressure is on for the candidates in the most highly anticipated debate. LINK
The Bottom Line on the Bailout Do-Over
George Stephanopoulos discusses the revised bailout proposal. LINK
House Members Speak Out
Reps. Marcy Kaptur and David Dreier discuss bailout bill. LINK
Flashback: The Other VP Debate
Before Biden and Palin square-off there was the 1984 Bush-Ferraro debate. LINK
Kimmel: Congress Saves Oprah's Mom?
A bailout bill could assist the talk queen's high-spending mom. LINK
Kimmel Analyzes McCain's Exit Strategy
The senator has a not-so-easy time leaving a stage in Missouri. LINK
Put Your Vote Where Your Mouth Is
A bakery in North Dakota keeps a vote tally of candidate cookie sales. LINK
Jake Tapper: Senate Passes Bailout Bill
A revised bill passed the Senate, but will it pass the House? LINK
Obama Hits McCain as Out of Touch
Obama attacks McCain again for saying the economy's "fundamentals" are "strong." LINK
Bloomberg Seeks Third Term
NY Mayor Bloomberg announces he'll ask City Council to change term limit law. LINK