In Muncie, Ind., Congressman Mike Pence told his fellow Hoosiers why he voted against the $700 billion economic stabilization bill.

"It was based on my philosophical objection to essentially using taxpayer dollars to nationalize every bad mortgage in America," Pence told constituents.

Judging from the phone calls to his office running 9-to-1 against the bill, that was the popular decision.

Indiana resident Gina Robinson said she thought that legislators shouldn't hurry the process. "I didn't think it needed to be rushed. It's taken a long time for us to get into this position; I think we needed to take the time to back up," Robinson said.

A few stalwart members of Congress have stood up to this plan to socialize major Wall Street investment banks. Reps. Mike Pence of Indiana and Jeb Hensarling of Texas and Sens. Jim DeMint of South Carolina, Jim Bunning of Kentucky and Richard Shelby of Alabama, all Republicans, have bravely stood up and said "no" to the proposed bailout. They are recruiting others. So far, Democrats are refusing to pass the bill without House Republican complicity. That alone should tell us all the essence of the bill.