Democrats are backing away from it because they don't want to be on record--particularly this close to Election Day--as putting taxpayers on the hook to bail out what is being described as the excesses of Wall Street.
The entire drama of the past several days has many Democrats, normally in favor of government intervention, voicing skepticism of the need for a government rescue; it's also made a Republican administration claim government action is necessary
I think the Dems are afraid of this bill because they haven't had enough time to bury it under earmarks and "entitlements", and Bush likes it, so it must be bad >D
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