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McCainiacs finally get it.

The McCain camp finally starts to realize what fiscal conservatives knew years ago — McCain’s lack of fiscally conservative economic principles would hamstring his election chances.

[Business & Media Institute] As it turns out, swaying from conservative principles doesn’t always pay off for a Republican presidential candidate. Sen. John McCain learned that lesson that hard way.

Douglas Holtz-Eakin, a senior policy adviser to McCain’s failed campaign, said Nov. 19 that McCain’s support for the $700 billion bailout of the financial sector was the “key strategic policy error of the entire campaign.”

“We also make mistakes,” Holtz-Eakin told a group of conservatives at The Heritage Foundation in Washington, D.C. “There’s no doubt about it–20/20 hindsight. I think the key strategic policy error of the entire campaign, that is mine, is believing that the bailout bill would help.”

This isn’t news. Redistributing taxpayer money (and to people whose business models were apparent failures at that) isn’t a good way for a supposedly conservative candidate who is not tight with his base to woo them.