We were told last week that the world would end if the bail-out didn't pass immediately. It didn't pass, and the world didn't end. Then we were told we had a few days. Then we were told next Monday would be okay. Some even say a few weeks would be okay.
The truth is, no one in Congress has any freakin' idea what you're dealing with here. The $700 billion figure was pulled out of Paulson's ass. It has no grounding in reality whatsoever. It's not even clear that a bail out is absolutely necessary.
I am writing to encourage you as strongly as I possibly can to vote NO on whatever legislation is brought to the floor regarding this bail out. No matter what is put in front of you, it cannot be good legislation because it is being conceived under duress from a President who lies as often as he opens his mouth. There is no possible way to come up with a defensible plan to spend $700 billion in a few frantic days. No. Possible. Way.
Take a deep breath and be the calm, measured voice we expect you to be. Don't rush home to campaign or defend whatever cobbled-together scheme Congress is working on. Stay in Washington and tell your colleagues to stay there too. Think this through, and then think it through again.
That's what we are paying you to do.