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VIRGINIA BEACH, Va. (AP) -- Republican John McCain delivered his toughest criticism so far of President Bush's economic policies as he unveiled a new campaign stump speech that promised an energetic fight to reverse his slide in the polls.

The presidential hopeful also was set to unveil new economic proposals of his own Tuesday aimed at helping middle-class taxpayers weather the effects of the U.S. financial meltdown.

"Tomorrow, John McCain will address the ongoing financial and economic crisis, with a special emphasis on those most badly hurt: workers, homeowners, savers and seniors," campaign spokesman Tucker Bounds said.

In Virginia, a reliably Republican state turned battleground this time, McCain criticized Bush while pledging to enact new policies that would reverse the effects of the GOP president's two terms in office.

"We cannot spend the next four years as we have spent much of the last eight: waiting for our luck to change," McCain said while campaigning with running mate Sarah Palin. "The hour is late; our troubles are getting worse; our enemies watch. We have to act immediately. We have to change direction now."

The Arizona senator insisted he understood the public's concerns about the financial crisis, even as fears about the meltdown have moved voters firmly in Democrat Barack Obama's direction in recent weeks.

The repudiation of the Republican incumbent's economic policies came as McCain has struggled to find a message that would reverse his sagging poll results nationally and in some battleground states. Yet, McCain echoed a line from President George H.W. Bush and his son, George W. Bush, about Democrats "measuring the drapes" that proved ineffectual for the GOP in 1992 and 2006.

"Sen. Obama is measuring the drapes, and planning with Speaker (Nancy) Pelosi and Sen. (Harry) Reid to raise taxes, increase spending, take away your right to vote by secret ballot in labor elections, and concede defeat in Iraq," McCain said, targeting the prospect of one-party government with references to the Democratic leaders of the House and Senate.

In 1992, President George H.W. Bush told a Houston rally when he went to the Oval Office he expected to find Democratic candidate Bill Clinton "there measuring the drapes. Put those drapes on hold, it's going to be curtain time." Clinton unseated Bush.

In October 2006, President George W. Bush said congressional Democrats "were measuring the drapes" and planning to take control of Congress. A month later, Democrats won the House and Senate.

McCain acknowledged Obama's lead in the polls. "The national media has written us off," McCain added. "But they forgot to let you decide."

"What America needs in this hour is a fighter," he said, adding that he knew Americans were worried about the direction of the country.

"I know what hopelessness feels like. It's an enemy who defeats your will. I felt those things once before. I will never let them in again," McCain said, a clear reference to his 5 1/2 years as a prisoner of war in Vietnam. "I'm an American. And I choose to fight."

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