Lee at A Second Hand Conjecture observes that the Obama campaign's response to the McCain "ATTACK" ad may be counter-productive.

The heart of the ad is the beginning, in which quotes from major pro-Obama media editorials are superimposed over McCain, calling his (unspecified) criticism “baseless,” “baloney,” etc.

Since there is some evidence in the polls that the positive press attention Barack has been receiving may be having a counterproductive effect, might it be unwise to let your press advocates perform your defense in your own ad? Given the situation, it might seem like a further blurring of the separation lines between independent media and political campaign. Naming the spot for a line taken from a profoundly and explicitly partisan New York Times editorial can’t help either.

Apparently, the crowd that Obama runs with thinks the campaign benefits from borrowing some of the New York Times' credibility, which is a lot like borrowing from IndyMac.

The credibility of virtually all media outlets has declined over the past decade, with the number of people who explicitly believe what the read in the paper dropping from a third to a half. The only paper whose credibility has increased has been...the National Enquirer.

The blatant partisanship in this year's election cycle threatens to disabuse the few remaining naifs of their trust.

Lots of criticism has been directed at the McCain ad, and while its arguable how effective it is, its nevertheless clear that the Obama campaign has no real answer for it.