Bush Administration's Revision to the Bailout Plan

The Bush Administration has proposed a slight revision to the original Bail Out Plan previously passed. This revision declares that 300 billion of the 700 billion dollars in the bailout will go to nine selected major banks, in order to regulate them. This plan is being revised because the administration sensed a time of urgency that wasn't quite detected originally. They have realized that the government must take immediate action in more aspects than just the mortgage crisis in order to better the nation's economy. This action upsets many Americans who originally supported the bailout plan because they thought this money was going solely towards the mortgage problems rather than the recapitalization of major banks.
Both elements of the bailout plan seem to go hand in hand in that recapitalization of banks will allow them to lend money more easily which relates to loans given on mortgages. However, the republicans have become even more skeptical about the plan now that is calls for even more regulation and government involvement. At the same time, many advocates of the plan argue that it is essential because action must be taken quick, before things get out of hand. There is also the argument that tax payers will never see the benefit of their money going into this plan. But Treasury Secretary, Henry Paulson says that there efforts will be directly rewarded by the much improved economy and financial situations.