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***This plan had wide-spread Congressional support before the holidays but was held up by the Bush Administration.****

Those are flat out 'misstatement' of the facts.

HR 4100 (To establish the Louisiana Recovery Corporation for purposes of economic stabilization and redevelopment of devastated areas in Louisiana, and for other purposes.) had SIX COSPONSORS - period. And ...'SHOCK' all from LA.
This is the summary to date:
- 10/20/2005: Referred to the House Committee on Financial Services.
- 11/17/2005: Committee Hearings Held.
- 12/15/2005: Committee Consideration and Mark-up Session Held.
- 12/15/2005: Ordered to be Reported (Amended) by Voice Vote.
To date there are no CBO Cost Estimates - a requirement.
No related Bills
No Amendments
No Related Committee Documents

You'll also note that neither of LA's two fine senators has introduced any accompanying Bailout Bill.

So please stop the 'spin'. There is 'no wide spread support' and the 'Bush Administration' didn't hold up anything. This 'thing' is winding it's way through Congress, like all Bills. And hopefully it will die were all bad bills do, in some 'obscure' committee.

BTW, From another comment of yours further down, I think you might want to read up on Federalism and the real role of the Federal Government (hint - it isn't a 24/7/365 ATM for States, nor to save people from the boobs THEY themselves elected into office).

"So please stop the 'spin'."

Are you serious in believing that ideas and plans only are supported in official Congressional documentation? Consensus has to be built well before legislation is even considered, otherwise it's a waste of valuable legislative time. The point I was trying to make in general is that there has been knowledge about this plan within the halls of Congress for several months now. It has been discussed in both houses of Congress for several months and has been received widespread bi-partisan favorable reaction and support. For Bush to claim ignorance of this plan is not being honest. If it's spinning by anyone, it's Bush himself.