Plan B?

Manzi wants to know what the Republicans' next move is:

...apparently the House Republicans have decided to run a neat little experiment to test the actual odds of the current financial crisis turning into another Depression in the absence of a bailout plan.

What alternative do they propose that could realistically be enacted?  How long do they think this would take, and what risks would we run during the period of uncertainty, even if it were successful?

Ramesh Ponnuru is worried that "the bailout bill that eventually passes includes all of the objectionable provisions that the Republican leadership stripped out of it, and then some."