Must be grand to be flying in your private jet and trying to decide which of your eight homes to fly to.

Late Update: Here's the Obama camp's response to the new celeb/"Must Be Grand" ad from McCain. Frankly, I think mine's better.

Latter Update: TPM Reader YF is royally pissed ...

When the hell is Obama's camp going to break up this pattern of McCain Attack Ad Released-Obama Spokesoman Responds? If Obama spends all his time on his heels the content of the McCain Ads hardly matter.

Obama needs to hit this son of bitch in the gut. Let's start with an Ad featuring the 8000 parents that no longer have children because of John McCain's favorite misadventure.

Where is the counterattack?

My own thought is that a more populist retort -- along the line of McCain's high-living ways and fancy lifestyle -- would be much more on point.

Late Update, 3rd Edition: This ain't bad either.

Even More Update: I post this comment from TPM Reader CN not because I agree with it or disagree with it, but I thought it was a novel way of capturing what's happening ...

Watching an endless stream of dirty McCain attacks, countered by tepid replies from the Obama campaign, I have to conclude that Obama is deliberately employing the rope-a-dope strategy. He's laying back, letting McCain unleash everything he has -- and counting on the fact McCain's stuff isn't strong enough. Obama won't be knocked out, McCain will be left with no more punches to throw, and then Obama will have his way. I don't know if the rope-a-dope will work for Obama, but it's a good explanation for what his campaign is doing. And it's kind of what he did with Hillary, right? He got so far ahead on points that he couldn't lose except by knockout, then he laid back, punching just enough to avoid getting sent to the mat.

The problem with the Hillary analogy is that a national election is all about one day. So there's no saving up points from September for November. And recent experience doesn't say much for the strategy of holding back and taking his punches and wear himself out. But I have heard that the Obama campaign doesn't think these attacks or working. So I don't rule out the possibility that something like this strategy is what they're employing, wise or not.