Speaking about the bailout bill, which will likely be voted on around 12:30 p.m.:
Brilliant strategy, Nance. It looks to be gaining momentum, with Rep. James Clyburn (D-S.C.) saying the Democrats have increased their numbers. Republicans, too, have had folks switch to probable “yes,” including conservative stalwart Rep. John Shadegg (R-Ariz.) On the House floor, there is a dramatic mix of Kucinich supplications, inter-house bashing (“utter disgust and frustration with the way [the bill] was handled in the other body”), and at least one switched Republican vote from Rep. Howard Coble (R-N.C.), who makes what sounds like a slightly exaggerated claim:
What I’ve heard is the tone of calls has changed on the Hill, from “if you vote for this, I will never support you again” to “all right, if you have to do this, but make sure it protects me.” But I’m somehow doubting the phone is ringing off the hook in favor of this thing. Rep. Jeb Hensarling (R-Texas), a prominent opponent, appearing on Fox, conceded that the bill will likely pass the House today, partly with the support of principled conservatives who believe this is the best option of several very bad options. Hensarling will vote against the bill, but is also touting the improvements made to it- mark-to-market rules, and FDIC changes.
