Buried inside a CNN story it says:
One Republican aide said that "not much has changed in the last 24 to
48 hours. I think it has to be pretty radically altered for House
Republicans to support it."
This aide stressed, "at the end of the day, these members represent
the people who sent them here, and the people who sent them here are
so overwhelmingly opposed to this."
This aide said the calls coming into GOP offices are 90 to 1 against the plan.
My guess is that "90 to 1" means the plan is politically dead on
arrival. No sane politician would vote for it. Nor should any, in my
opinion. Ours is not a direct democracy in which representatives are
obligated to do what the public demands, but the will of the people
matters, and 90 to 1 is the kiss of death.
I know little about economics, Wall Street, or high finance, but I do
not support the bailout as it is presently configured (as of 16:00
EDT, but who knows?), because it does not punish the companies and
people who screwed up, and the taxpayers will not be rewarded if it
works. I know little, I have read people who know a lot about
economics, who say the same thing. So does Obama.
- Jed
