Stop the Housing Bailout!!!

Sign the Petition : 8,562 Letters and Emails Sent So Far

Please know that I, one of your constituents, strongly oppose a taxpayer-funded bail out the housing market.

I feel that it is morally and fiscally reprehensible that Congress would force responsible Americans like myself to pay for the acts of the financially reckless.

Although the popular sound bite for the housing "crisis" portrays the plight of honest, hard-working Americans who are at risk of losing their homes, this sympathetic image is far from reality. In truth, the vast majority of mortgage delinquencies and foreclosures are from speculators or borrowers who took out a mortgage on a home that they could not afford.

Rather than deter this irresponsible behavior, a bailout merely provides an economic incentive to continue it; why change your risky behavior when you know that the government will bail you out if anything goes wrong? This is the epitome of a "Moral Hazard," and it should not be tolerated.

In addition, a bailout will prolong, but not prevent, the current correction that is occurring in the housing market. Over the past decade, home prices across the country soared, resulting in fewer Americans being able to afford the American dream. To keep housing affordable in the long-term, housing prices must be allowed to return to reasonable levels. Please do not interfere with the market's necessary correction by supporting a bailout.

Although I appreciate the goal of helping Americans stay in their homes, it is simply unfair to ask me to pay for the mortgages of people who bought houses that they could not afford. This is especially unjust given that doing so will prop-up inflated house prices, making it impossible for me, and a whole generation of Americans, to buy a home.

The proposed housing bailout will reward the very people who acted recklessly, while punishing those who acted responsibly.

This is flat out wrong! And I plead with you not to support it.		Stop the Housing Bailout!!!

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People signing the "Stop the Housing Bailout!!!" petition!

  1. Sun., Nov. 1, 2009 3:25 AM    link Ricky L. | Redondo Beach, CA

  2. Sat., Oct. 24, 2009 9:09 PM    link Name not displayed | Manteca, CA

    I bought a small house 15 years ago, one that I could afford. I qualified for a larger home but the increase in house payment scared me. Why should I bail out my neighbor who has a bigger house and lives way beyond their means.

  3. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  4. Tue., Aug. 11, 2009 8:04 PM    link Benjamin C. | Boston, MA

  5. Sat., May. 16, 2009 7:26 PM    link Name not displayed | Lehigh Acres, FL

    My builder did not pay his portion of taxes on my new home. He is a multimillionair that is claiming bankruptcy and has many other businesses to fall back on. He did not finish repairs and I am unable to serve for court as attempted for small claims.

  6. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  7. Sun., May. 3, 2009 10:27 PM    link Name not displayed | Minneapolis, MN

  8. Wed., Apr. 22, 2009 6:21 PM    link Name not displayed | Nevada City, CA

  9. Thu., Mar. 26, 2009 1:06 AM    link Armond M. | Glendale, CA

    Why don't you people bail out responsible renters? People who didn't take your stupid government for ride?

    No of course you won't help...I didn't think so.

  10. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  11. Wed., Mar. 25, 2009 9:08 PM    link Name not displayed | Laguna Beach, CA

    A pox on all of you. Get a life and a real job. Then you will know that sometimes we all make mistakes, and guess what? We have to pay for the aforementioned mistakes.

    How about bailing out my stock market errors?

    You FOOLS.

    Vote them ALL out.

  12. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  13. Wed., Mar. 25, 2009 9:29 AM    link David W. | Chicago, IL

  14. Fri., Mar. 20, 2009 10:15 PM    link cynthia s. | Cumberland, WI

  15. Sat., Mar. 14, 2009 11:36 AM    link Michael M. | Summerville, SC

  16. Sat., Mar. 14, 2009 10:56 AM    link Evelyn A. | Johns Island, SC

    Bailing out home owners who made irresponsible decisions is the wrong way to fix this housing problem, it only prolongs it and punishes those who have been responsible!! It's INSANITY,

  17. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  18. Sat., Mar. 14, 2009 7:54 AM    link Kenneth W. | Bristol, TN

    Furthermore, simply printing more money will further devalue our dollar, making purchases more expensive.

  19. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  20. Fri., Mar. 13, 2009 8:24 AM    link Sandy B. | Erwin, TN

  21. Fri., Mar. 13, 2009 6:17 AM    link BRAD A. | Jonesborough, TN

  22. Thu., Mar. 12, 2009 9:06 PM    link Name not displayed | Unicoi, TN

  23. Thu., Mar. 12, 2009 6:06 PM    link Heather B. | Hampton, TN

    I am 25 yrs old, and I do not want to pay for someone elses mistakes for the rest of my life. I will stand for what is right, and the housing bail out is not. I hope others will see through this smoke screen to possible prevent this from happening now or in the future

  24. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  25. Tue., Mar. 10, 2009 2:45 PM    link Name not displayed | Northridge, CA

    Houses were and are not worth that much. Cheap housing is good for everyone. Let the prices fall where they should and you'll see buyers...

  26. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  27. Wed., Feb. 25, 2009 9:51 AM    link Name not displayed | Toledo, OH

    Forget about the fairness is all everyone hears. OK, I'll forget about that, the housing bill is still opposable for many other reasons, including the fact that there are other options such as extending the length of loans, deferring payments to the rears or turning home owners into fancy renters by making interest only payments.

  28. This comment has been reported to the site manager. It will be reviewed and removed if inappropriate. Thank you!

  29. Sun., Feb. 22, 2009 6:39 PM    link Name not displayed | Charlottesville, VA

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