Tax Cuts for Wall Street

The Republicans' have introduced their counter-proposal:

So now they've released their own set of "principles" in the 11th hour, relying on mortgage insurance, injections of private capital into the financial system and free market principles. Many of the ideas are tried and true conservative ideas, like loosening regulations in hopes of freeing up private capital. The thrust of the GOP alternative is essentially a private insurance plan for mortgage backed securities, but it's not clear if such a plan could go into effect quickly enough to salvage the teetering credit markets.

They're relying on the same failed supply-side economic theories that got us into this mess. Brilliant. Is anybody in this party fit to govern?