All that bicarb will generate CO2, which will have to eliminated by the lungs (hence worsening the respiratory acidosis - just watch the EtCO2 after a bicarb bolus), or otherwise get trapped into the cells (hence worsening the intracellular acidosis - the one that really matters). I would be very suspicious of that attending's knowledge of modern critical care; intracellular acidosis is a well-known complication of bicarb administration (except for urinary/GI losses of bicarb).
People have survived even pCO2 of 250 mmHg for hours, without measurable health consequences. It's not the CO2 that kills.
Great acute critical care is experimental medicine, I get it. But, with interventions like this, if one doesn't see a significant change in the patient's clinical status within hours, one should stop using the patient as a guinea pig. Statistically, physician interventions have a higher chance of doing harm than good.
Don't just do something, stand there! The best intensivists do nothing, much more frequently than the average ones. It's called "watchful waiting", the opposite of "fools rush in".
tl;dr: Decompensated respiratory acidosis should be fixed with ventilatory support, not bicarb, until proven otherwise.