The problem is elected republicans cant just reject it outright publically, that would be political death.
What is frightening is that they elected republicans articulate no principles that lead us to believe they might oppose it. They need a message that can sell the public, the public turned against the UAW bailout, that was key. But I hear none. How about endless borrowing? Shumer counters with ‘deflation’ Are we borrowing from china or borrowing newly created money?
Both, Paulson spent are will spend about 1.3 trillion, but the fed has sent about 2 trillion out the window.
Republicans are holding their fire until they know the outcome of the Coleman and Chambliss races. Strategy would be different if the GOP has at least 41 Senators than if they have 40 or less. At this point, the GOP is just being non-committal, IMO.