At 2:30 the two candidates finally connected and agreed on the idea of a co-authored declaration of principles. But by the time Obama got back to his hotel room, McCain had already declared his campaign's suspension. If the idea seemed impromptu, it surely wasn't. The website "PolitickerCO" posted talking points that aides to the Arizona Republican had sent to one another to help manage the candidate's newly stated position.

And then, after McCain told late night host David Letterman that he could not make his scheduled appearance on his show because of urgency of the situation, he still managed to swing by CBS Evening News with Katie Couric, much to Letterman's dismay. That interview, a spokesperson for the station said, it had been arranged shortly after McCain had temporary halted his campaign - a curious move for a candidate who was asking his opposition to drop everything and get back to Washington with him.

"Clearly there was news today," said a spokesperson for the station. "We asked for an interview and he said yes."

In fact, the Senator is still scheduled to appear at Bill Clinton's Global Initiative event in New York on Thursday, before heading to D.C.

In essence, at the same time McCain was warning of the danger of inaction, he himself was not moving with haste. And there is some question - bordering on concern - about the role he would actually play once back in Congress. As one Senate staffer stated: "McCain's little gambit really runs the risk of mucking up the works, maybe even delaying a deal. This is complex stuff, he's had zero involvement so far."

And yet, by the time McCain arrives on Capitol Hill the contours of a bailout proposal may already be in place. On Wednesday evening, President Bush hinted that he was ready to acquiesce on several principles of the proposed legislation - to the enthusiasm of Obama. In the House of Representatives, meanwhile, Rep. Barney Frank declared that Democrats had reached an agreement on a plan and had the votes to pass it.

McCain, for all the dramatics, could prove irrelevant.

By: Sam Stein, Huffington Post.