Here's what Calculated Risk is saying today:
Obviously, he's linking to a Krugman post, so I won't bother with that here; I think Krugman's assessment is spot-on, and I'm pleased with how concise and to-the-point it is.
I continue to urge you to write to your Representative and Senators urging them to stand their ground while under pressure to sign off on this proposal. This _has_ to be modified and there is crazy time pressure. With the election coming up, your Representative and any Senator(s) that are up for re-election desperately need to hear _from you_ what you think about this so they don't get snowed by someone trying to summarize public opinion for them.