Theories on Bailout Strategy

This is the latest buzz going about on the blogs (Kos, Hullabaloo, TPM, Democratic Strategist):

Patrick Ruffinni outlined a probable McCain strategy for dealing with the bail-out package:

Republican incumbents in close races have the easiest vote of their lives coming up this week: No on the Bush-Pelosi Wall Street bailout.

God Himself couldn't have given rank-and-file Republicans a better opportunity to create political space between themselves and the Administration. That's why I want to see 40 Republican No votes in the Senate, and 150+ in the House. If a bailout is to pass, let it be with Democratic votes. Let this be the political establishment (Bush Republicans in the White House + Democrats in Congress) saddling the taxpayers with hundreds of billions in debt (more than the Iraq War, conjured up in a single weekend, and enabled by Pelosi, btw), while principled Republicans say "No" and go to the country with a stinging indictment of the majority in Congress....

In an ideal world, McCain opposes this because of all the Democratic add-ons and shows up to vote Nay while Obama punts.

History has shown us that "inevitable" "emergency" legislation like the Patriot Act or Sarbanes-Oxley is never more popular than on the day it is passed -- and this isn't all that popular to begin with. All the upside comes with voting against it.

So far, I've only found one comment (from the Hullabaloo post) about this posit that offered any good counter measure to the crafty position above:

From Andrew Foland (this is his homepage):

If she cares to use it, Pelosi has more power right now than either Bush or Paulson.

If you're Pelosi, you tell Hank he can have 40 votes (from the safest D seats imaginable) for the Dodd plan in the House. If he can get his party on board, great, they can get a bill through the House If he can't, there's no plan at all.

If they want a bill, make them find the votes, and make them take the responsibility. If they aren't willing to, maybe it's not such a crisis after all...

Fiscally speaking, the Dodd bill next to the Paulson bill is a difference of night and day. But politically speaking, I think the public won't perceive the difference, and the Dodd bill will be just as reviled as the Paulson plan.

Dems should use their leverage to (a) insure good government via allowing only the Dodd bill through and (b) insure the GOP takes the fall for it.