Bailout Battle: Should Uncle Sam bailout bankrupt companies?

Should Washington bailout Wall Street using your tax dollars?

Democrats and Republicans agree the government's gone too far. But they disagree on who's at fault.

Without mentioning him by name conservative Republicans said Thursday President Bush's "bailouts" have got to stop.

And Democrats are planning to investigate."What's next, Starbucks too big to fail?" said Republican Congresswoman Michele Bachmann of New Mexico.

Even Republicans are outraged saying government bailouts aren't fair to taxpayers.

"Who bailout the taxpayer? There's simply nobody left on the hook," said Republican Congressman Tom Feeney of Florida.

Democrats begin hearings next week to look into whether the Bush administration's lack of oversight led to those failures.

"A private company can they run wild, anything goes, then when they fail, they're "too big to fail' and the taxpayer pays the price?"Something's wrong with this picture," said Speaker of the House Nancy Pelosi.

"When you take the referee off the field, chaos results and people break the rules," said House Majority Leader Steny Hoyer.

President Bush canceled travel and fundraisers Thursday to keep an eye on the markets, meet with financial advisers, and reassure Americans.

"The American people can be sure we will continue to act to strengthen and stabilize our financial markets," said Mr. BushConservative republicans say the best way to get money moving is giving corporations tax breaks.

"The antidote to the problem isn't a bailout. The antidote is getting capital off the sidelines," said Texas Congressman Jeb Hensarling.

Or firing the regulators. John McCain said Thursday Chris Cox, head of the Securities and Exchange Commission that oversees Wall Street should go.

"The chairman of the SEC serves at the appointment of the president and has betrayed the public's trust. If I were president today, I would fire him," said McCain.

"If we want to fire commissioner Cox I think we ought to start with changing who's at the top of this shift, that's the president," New Jersey Governor Jon Corzine said.

Back in Washington lawmakers complain the administration's offered these bailouts without keeping them in the loop.

But Congress has more immediate problems including finalizing a flurry of spending bills before their scheduled break in less than two weeks.