Where does the Paulson plan stand now? An unnamed McCain advisor says it’s dead, Paulson himself says it’s looking good, and Politico says it’s likely to be scaled back with $150 billion up front and a promise of more funds to come if the plan works. The latest poll has the publicly roughly evenly split, but watch for that to jump tomorrow after Bush puts the fear of God into us tonight with rhetoric about a “once in a century crisis.” Our three lefty readers who don’t believe him might find Warren Buffett’s assessment more to their liking.

The clip, of course, comes from the ‘Cuda’s interview with Katie Couric tonight on CBS. We’ll open a thread for that shortly before 6:30 airtime.

Update: Jack Welch also supports the bailout. “I now believe we are in for one hell of a deep downturn.”


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