Dems Also Facing Some Opposition Within Their Ranks

It isn't just the House GOP that has members questioning the wisdom of voting for the bailout bill:

House Republicans have been the focus of the bailout talks, but they aren’t the only ones with qualms about the $700 billion rescue plan.

In what was described as an intense House Democratic Caucus meeting Sunday night, a number of Democrats said that they’ll vote against the bill when it comes to the floor Monday.

One member who attended the two-hour sessions said that the strongest opposition came from the party’s liberals. But Rep. James Oberstar (D-Minn.), a reluctant supporter of the bill, said the opposition was “all over the lot.”

To the extent there was any consensus, it seemed to be one of resigned acceptance.

"A lot of members are feeling the weight of their responsibility," said House Oversight and Government Reform Committee Chairman Henry Waxman (D-Calif.), an ally of Speaker Nancy Pelosi (D-Calif.).

Waxman spoke Sunday night in favor of passage, but he said he backed the bill “reluctantly.”

“I'm angry we're in this position,” he said.

Waxman knows exactly what happened and how they got into this position. He just doesn't dare admit that his party's opposition to Fannie Mae reform set up this whole mess.