Here’s the Times excellent Michael Cooper on McCain’s reversal on federal intervention in the mortgage crisis:

Senator John McCain, who drew criticism last month after he warned against broad government intervention to solve the deepening mortgage crisis, pivoted Thursday and called for the federal government to aid some homeowners in danger of losing their homes, by helping them to refinance and get federally guaranteed 30-year mortgages.

“Pivoted” is perfectly accurate, but I think there’s another term that comes to mind.