McCain's Negative Track May Work

Josh Marshall at TPM calls this a must-read today, and said much the same thing himself yesterday. Save to read if you're not in the mood for possible harsh truth.
Tidbit:

the motor behind his operation now is Steve Schmidt, the shaven-headed strategist who earned his bones running Karl Rove’s war room in 2004, Frenchifying and de-war-heroizing John Kerry. What Schmidt and his associates have apparently concluded is that McCain’s weaknesses—on the election’s most salient issues and as a candidate—are so pronounced and Obama’s vulnerabilities so glaring that the low road is their guy’s best, and maybe only, route to the White House. They’ve concluded, in other words, that even if McCain may not be able to win the election in any affirmative sense, he might still wind up behind the big desk if he and his people can strip the bark off Obama with sufficiently vicious force.