Components of the alternative plan including the following, according to sources:

* Require the Treasury Department to guarantee, at up to 100 percent, bank losses resulting from failed mortgage-backed securities originated prior to the plan's enactment. Such insurance, supporters say, would provide immediate value to the securities and a foundation for which they could then be sold. The Treasury Department would finance that insurance by assessing a premium on outstanding mortgage-backed securities.
* Allow companies to carry back losses arising in tax years ending in 2007, 2008, or 2009 back five years, generating a tax refund and immediate capital

The list goes on from there, but not only does it not deal with the issue, it actually does things that would make this much, much worse.

Bailout and Accounting Rules: GOP Members Forging Alternative to Paulson Bailout - Financials * US * News * Story - CNBC.com

"I do believe we could have gotten there today if it had not been for this partisan speech the speaker gave on the floor of the House," said Boehner.

They voted it down because their feelings were hurt? Here's Pelosi's speech. If that hurt their feelings, then they're a bunch of glass jawed weasels. Go home and don't come back.

(Apologies to weasels everywhere for denigrating you. Being compared to the current GOP is an insult to your species, and I am sorry I could not come up with a better analogy which does not slander you for being weasels.)

Bailout moves towards congressional approval - Sep. 29, 2008

It is arguable that, because of his inexperience, Obama is not ready for the presidency. It is arguable that McCain, because of his boiling moralism and bottomless reservoir of certitudes, is not suited to the presidency. Unreadiness can be corrected, although perhaps at great cost, by experience. Can a dismaying temperament be fixed?

Let me repeat, that's George Will saying that! Is Obama ready? He's not sure. Is McCain unsuited? That's a much more serious question.

George F. Will - McCain Loses His Head - washingtonpost.com

Here’s what McCain has to say about the wonders of market-based health reform:

Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.

Does anything more really need to be said? Sure! How about, "Are you kidding me?" Turn health care into financial fiasco part 2 ? Way to go McBrain...

McCain on banking and health - Paul Krugman - Op-Ed Columnist - New York Times Blog

The McCain campaign has cited the proximity of Alaska to Russia as evidence of her international experience.

Hagel scoffed at that notion.

"I think they ought to be just honest about it and stop the nonsense about, 'I look out my window and I see Russia and so therefore I know something about Russia,'" he said. "That kind of thing is insulting to the American people."

Thank you Chuck Hagel

"We confront a perception problem, which we have to fight every day -- that the Republican Party is not for working people or immigrants," said Jim Hyland, a rally organizer and chairman of the Fairfax County Republican Committee. "The only way that we can battle that is to take the fight directly to the people in these communities, spread the word that the Republican Party represents more of their views than the Democratic Party."

Hyland said he expects as many as 1,000 supporters to turn out for the event at Edison High School, where former senator George Allen...

Macaca, he of the confederate flag and noose in his office, is the headliner for the minority event in Virginia? Yeah, that's going to be a big hit.

GOP Rally Reaches Out To Minorities - washingtonpost.com

WASILLA, Alaska — In 2000, Alaska lawmakers learned that rural police agencies had been billing rape victims or their insurance companies $500 to $1,200 for the costs of the forensic medical examinations used to gather evidence. They quickly passed a law prohibiting the practice.

According to the sponsor, Democrat Eric Croft, the law was aimed in part at Wasilla, where now-Gov. Sarah Palin was mayor. When it was signed, Wasilla's police chief expressed displeasure.

"In the past, we've charged the cost of exams to the victims' insurance company when possible," then-chief Charlie Fannon told the Mat-Su Valley Frontiersman, the local newspaper. "I just don't want to see any more burden put on the taxpayer."

What the hell??? "Hi, you got raped, here's the bill." Then chief Charlie Fannon was brought into the job by Palin, and Palin was mayor from 1996-2002. Burden on the taxpayer to STOP RAPISTS? What is WRONG with these people???

Palin's town used to bill victims for rape kits - USATODAY.com

GIBSON: Do you agree with the Bush doctrine?

PALIN: In what respect, Charlie?

GIBSON: The Bush -- well, what do you -- what do you interpret it to be?

PALIN: His world view.

GIBSON: No, the Bush doctrine, enunciated September 2002, before the Iraq war.

PALIN: I believe that what President Bush has attempted to do is rid this world of Islamic extremism, terrorists who are hell bent on destroying our nation. There have been blunders along the way, though. There have been mistakes made. And with new leadership, and that's the beauty of American elections, of course, and democracy, is with new leadership comes opportunity to do things better.

GIBSON: The Bush doctrine, as I understand it, is that we have the right of anticipatory self-defense, that we have the right to a preemptive strike against any other country that we think is going to attack us. Do you agree with that?

Oh THAT Bush Doctrine! Except Charlie, that's not the Bush Doctrine. Pre-emption has been considered acceptable. It's PREVENTATIVE that you want. Asking the question when she has no idea what the hell Charlie is talking about is amusing (and quite frightening) but when Charlie, asking the question, gets wrong what it is as well, that's really scary and explains why I consider Charlie Gibson a tool.

ABC News: EXCERPTS: Charlie Gibson Interviews Sarah Palin

The welfare of the people shall be the supreme law

Shameless Plug!

Westmoreland was discussing vice presidential nominee Sarah Palin's speech with reporters outside the House chamber and was asked to compare her with Michelle Obama.

"Just from what little I’ve seen of her and Mr. Obama, Sen. Obama, they're a member of an elitist-class individual that thinks that they're uppity," Westmoreland said.

Asked to clarify that he used the word “uppity,” Westmoreland said, “Uppity, yeah.”

That would be Georgia Republican Rep. Lynn Westmoreland. I suppose on the bright side he left out the normal noun that goes with it.

TheHill.com - Westmoreland calls Obama ‘uppity'