Doubts about bailout

California Congressman Brad Sherman was just on "To the Point" pretty much blasting the rescue package. Elsewhere, Don Reigle, chairman of the Senate Banking Committee, wondered whether there's anyone in government who could effectively manage the financing for millions of individual homes. "You need a workout team," he said. "Administratively, I’d be surprised if we had it." Despite urgent calls by Bernanke and Paulson to get through a bailout plan - and despite Bush's efforts at bolstering public sentiment during a speech tonight - more and more voices are talking about taking a time out. The politics of this clearly side with not rushing something through - witness McCain's suspension of his campaign - but you have to wonder how everyday folks would feel if the inaction resulted in a Wall Street meltdown that they actually felt. I mean, not all investors are billionaires. So what about stocks? After bouncing around all day, the Dow finished down 29 points. (NYT)