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...Speaker Nancy Pelosi once touted for Obama's Vice President - may be dogged by his yes vote on the campaign trail. Edwards, a popular Democratic incumbent in President George W. Bush's home district, was one of nine Representatives out of Texas' 32-person delegation to vote for the bill. (Even four of the five Texas Republicans whom Bush called personally voted against it.) Meanwhile, Democrat Lloyd Doggett, from the Austin area, has found himself in the unusual position of being hailed by liberals and conservatives alike for voting against the bill. His Austin district office had been bombarded with...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...sixth term representing the First District, which includes well-to-do Seattle suburbs and the high-tech enclave of Redmond, home to Microsoft - an area full of people whose 401(k)s and stock holdings would likely benefit from a bailout. Inslee says that he simply felt the bill was being rushed. He describes the situation as the Bush Administration declaring, "Give me $700 billion in unmarked bills or I'll shoot the economy in the head...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...past that." The second group comprises people who recognize the need to intervene to avert further financial calamity "but are absolutely outraged that we'd do something that is so inequitable to Main Street." This group, he says, is considerably larger than the first and wants a more balanced bill. Finally, Inslee says, there is a third group that "is in favor of doing anything because the situation is so dire. And his name is Bob." Inslee isn't being facetious: it is a group of one, a constituent named Bob, who avidly promotes the view. Inslee hopes...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...letter as representative of the bile poured forth against the bailout: "I live on $23,000 a year. Why should I be asked to bail out a bunch of overpaid greedy heads of companies like AIG, Freddie Mac or Fannie Mae? ... If you're going to pass this bill, then it is only right that you the government pay off my mortgage. All of you ran back to Washington and took care of these overpaid CEOs, but when gas went up to $4 a gallon, you did nothing...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

...water-cooler conversation pretty much everywhere you go," says Bruce Cosgrove, head of the Auburn Chamber of Commerce (local Congressman John Doolittle voted against the bill). "We're all talking about this right now. [But] we are at the mercy of Congress. In the end, we have to hope they get it right, and that's where the uncertainty fits back in again...

Author: /time Magazine | Title: Why Main Street Is Mad: Scenes from a Financial Crisis | 10/1/2008 | See Source »

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