No. Tell the people the TRUTH. Then step back and let the Democrats own it if they will (which they won't). This sort of half-a$$ed compromising is precisely what lends cover to those who would cave in for "pragmatism" and "bipartisanship", when in reality, it is the death knell of our Republic.
McCain's position on the bailout did exactly the same thing- offering cover for those who would cave, instead of standing with the House Republicans, who_were_right.
What purpose is there for the "opposition" if it is not to oppose the tyranny of the ruling party, especially when it is so blatantly wrong in it's direction?
Unfortunately, the truth does not fit into bite-sized chunks.
Anyway, have you seen this video of Lindsey Graham attacking the stimulus ?
http://www.redstate.com/moe_lane/2009/02/05/scaring-people-is-not-leadership/