Monday, June 23, 2008

Please Help Stop the Mortgage Bailout!

The U.S. Senate is expected to vote tomorrow on whether to use your tax dollars to bail out irresponsible homeowners and mortgage lenders. Please take a moment to email your senators about your opposition to the mortgage bailout. Just click here, then click the "CONTACT CONGRESS" link and there will be a pre-written email for you to send.

Now is the time to take action, because they are voting tomorrow!

Thank you,
James

7 comments:

  1. I too am against the mortgage Bailout!

    This bill is bailout of totally irresponsible corporate entities and greedy or niave homedebtors.

    This bill is bad for our dear nation!

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  2. prince of belairJune 23, 2008 12:36 PM

    I have written in FAVOR of the bailout. We must do as much as possible to stop the housing debacle from injuring our economy

    -Fresh

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  3. "I have written in FAVOR of the bailout. We must do as much as possible to stop the housing debacle from injuring our economy"
    ***
    But, Fresh, if it IS different there, why would you worry? Denial ain't a river in Egypt, bro.

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  4. prince of belair said...
    I have written in FAVOR of the bailout. We must do as much as possible to stop the housing debacle from injuring our economy

    The economy is self-correcting. Any money that is spend to bail out banks and irresponsible borrowers is money that could be better used toward other goals. We could use the money to extend unemployment insurance, to help the real victims of an economic downturn. We could use the money to expand the Earned Income Tax Credit to help the working poor lift themselves out of poverty. We could use the money to help improve poor inner-city schools. If you want to help the economy, there are lots of other things we could spend the money on rather than rewarding irresponsible behavior.

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  5. "We must do as much as possible to stop the housing debacle from injuring our economy."
    The "housing debacle" is the current insanely low housing affordability level, and it has already severely injured our economy. The bailout would augment the injury by delaying the extremely needed correction.


    There is another site called Angry Renter that applies to responsible homeowners as well as renters.

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  6. This Bailout will ruin the economy, not save it. This establishes a precedent for lenders to guarentee borrowers who have no business getting laon. They can insure anyone as the government will foot the bill. WHO PAYS FOR THE GOVERNMENT?? We do!!
    Call your Blue Dog reps who shoukls have voted against this bill and tell them to go against it in the House whne it is finnaly voted on net week:
    http://www.empoweramerica.org/newsroom/press_template.php?press_id=2580

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  7. This will likely pass the senate, so don't bother. Focus on the Blue Dog Democrat Coalition, a group of "fiscally responsible" democrats who, against their own principles on their site voted for the Bailout which will bail the borrowers out up to $300 billion dollars and increase the deficit $22 billion. Call Kristen Hawn, the communications director for the Blue Dog Coalition at 866-887-5841, asking her to tell the Blue Dogs to get with their own program! Check this link and site out for more updates:

    http://www.freedomworks.org/newsroom/press_template.php?press_id=2580

    ReplyDelete