Just how bad has the bailout plan been for Republicans in the
House and Senate? Some senior Senate Republicans aides now
believe that it's not a far out idea that Democrats could gain a
filibuster-proof 60-vote majority, while Republicans House
members who voted for the bailout are seeing their polling
numbers drop in the past ten days.
Interestingly, but not coincidentally, those drops mirror similar
drops that McCain is taking in those GOP districts, between five
and seven points, according to House Republican Conference
Committee aides.
Those Republicans who stood against the bailout bill aren't
seeing similar drops. In fact, some House members who remained
against the bailout were seeing five to seven point gains in
their district polling.
Nervous Time
Federal Reserve Chairman Ben Bernanke used the
IMF meetings in Washington to hold small, private meetings with
global bank CEOs and other international finance officials,
according to Treasury Department sources. Treasury Secretary
Henry Paulson was not part of those meetings,
however. Paulson's reputation has taken a beating since the
initial rollout of the Treasury bailout plan was so poorly
received. Reviews the White House has received from those in
meetings with Paulson prior to the IMF meetings in Washington
were not good, according to a White House source.
"The word that most often popped up about Paulson was 'haughty,'"
says the White House source.
Bernanke, though, wasn't settling a lot of nerves in his
meetings, according to several attendees. On several occasions,
Bernanke has referred admiringly to President Franklin
Roosevelt's use of a "bank holiday" to audit banks and build
trust in the U.S. banking system.