Paulson

The Paulson plan may be one of those initiatives that, the more scrutiny it gets the less likely it is to be enacted.

I've heard from lots of people on Capital Hill that the plan is in trouble.  The combination of skeptical markets, growing questions about some of the initial provisions and subsequent revisions, and the cost is making the folks in the House and Senate feel better about slowing down the process and considering alternatives.

The fact that the economic community also seems to have some severe issues with the plan -- also on a bipartisan basis -- is also making it easier for members of Congress to ask questions.  How often do Paul Krugman and Bill Kristol agree on policy issues?