'No' Vote On Bailout Likely To Turn To 'Yes'

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Despite voting against the bailout bill earlier this week, Republican congressman John Shadegg of Arizona says he will probably vote for it when it comes back to the House on Friday.

"It, I think, has been significantly improved," Shadegg tells Madeleine Brand. "What I am hearing from all over Arizona ... is that fear is gripping the country and freezing things."

Shadegg says he believes one provision of the new bill, raising FDIC insurance limits, may reduce the fear factor while giving banks breathing room to make loans to small businesses.

It's difficult, Shadegg acknowledges, to accept the bill with some of the add-ons, which could cost taxpayers an additional $150 billion. But, he says, "I have to deal with the measure as it comes to me for a vote."

The congressman estimates that four out of five calls from constituents to his office are still against the bailout bill, and he shares their concern.

"But the moment that Americans walk in to pick up their paycheck, and their paycheck isn't there," he says, "they'll discover this isn't about Wall Street ... This is a rescue plan for the overall economy."

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