Why You Should Hate the Treasury Bailout Proposal

Listening to C-Span on the way home I heard the house Republicans talking about their plan. I haven't found anything on line yet but it looks like they want an insurance system that is already partially in place expanded to all the industries. They said that it should be paid for by wall street.
I would love to hear the specifics of this because it sounds like something I could get behind. I have heard rumblings that they are trying to throw in some tax breaks for big business and a repeal of the estate tax along with it. Sounds like if they can leave that garbage out then they may have something.

I think if McCain can pull off something like this where it doesn't cost the taxpayers any money then he will have won the election. I see this vote being as important as the Iraq War vote. That sank Clinton and this can make or break either of the candidates.

:scratch:

I honestly cannot believe that the Republicans are serious about their proposal. The primary issue facing the system right now is not mortgage insurance. This is simply an idiotic proposal. I've got to broaden my vocabulary, the only descriptive words that are coming into my head right now are idiots and idiotic. I've got to believe that they proposed this idea as a stall tactic so that McCain can be seen as riding to the rescue, that's all I can figure, because the proposal itself is just laughably stupid.

The Republicans are playing with fire right now.