Fiscal Conservative Sees Strong Opposition to Paulson’s Bailout Approach
(CNSNews.com) - “There is overwhelming opposition to the original $700 billion Paulson plan among Republicans in Congress,” Rep. Mike Pence (D-Ind.) told CNSNews.com at the Capitol on Thursday. “I oppose the Paulson plan and though I believe it’s important for Congress to act in this situation, nationalizing every bad mortgage in America is not the answer," he said. Pence told CNSNews.com that opposition to that original plan among congressional Republicans was so great there was “no need’ to quantify it and said he hopes there will be enough votes to defeat such a plan if it reaches the House floor. [continue]