By shocking us with their Plan the Bush administration have once against defined the terms of the debate, and set all of the conditions. It all has to be immediate with no time to think it over and has to be done exactly the way we say or YOU will be responsible for killing the economy (and this kitten).
Krugman says,

I’d urge Congress to pause for a minute, take a deep breath, and try to seriously rework the structure of the plan, making it a plan that addresses the real problem. Don’t let yourself be railroaded — if this plan goes through in anything like its current form, we’ll all be very sorry in the not-too-distant future.

Calculated Risk adds,

A better plan would be transparent (all deals would be publicized), involve a share in ownership for the taxpayers, and have substantial oversight. We can do better.

Democracy can work. Give it a (last) chance.