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Hensarling Resigned To Bailout Passage

The train appears to be leaving the station.

Even Republican Rep. Jeb Hensarling, a fierce critic of the original bailout plan, said on the floor he thought the bailout bill would pass.

“I come to the floor with an odd combination of resignation, relief, doubt, hope, and fear," Hensarling said. "I was surprised when the House version failed on Monday – and I will be even more surprised if the Senate version fails today. Thus, I am resigned. But with that resignation also comes some measure of relief that at least some plan to deal with the national crisis at hand."

However, Hensarling said he would still vote no on the bailout, hinting that it puts the country on the road to socialism.

"“I fear that the legislation before us still remains more of a bailout than a work out,"' he said. "But my greatest fear is that it changes the role of the federal government in our free market economy, which despite its current problems, remains the envy of the world. How can we have capitalism on the way up and socialism on the way down?