Inhofe Won't Support Bush's Bailout Plan TULSA, OK (kccu-fm) - U.S. Sen. Jim Inhofe says he opposes the Bush administration's $700 billion plan to bail out the troubled financial industry.

The Oklahoma Republican says that while he does consider the situation a crisis, he wants to see more accountability and oversight as part of the plan.

He also says his opposition is based on the size of the plan and the speed with which it is being pushed through Congress.

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson told senators yesterday that economic havoc, including deepening market trouble, would ensue if Congress lags in acting on the administration's proposal to rescue tottering financial institutions.

Inhofe is skeptical, saying that anytime someone is in a desperate hurry to get something done, it usually turns out to be a bad idea. © Copyright 2009, kccu-fm