Angry Renter needs your signature
Get Involved Tagged angry renter, freedom works, government housing bailouts May 6th, 2008I posted awhile back about FreedomWork’s new website, AngryRenter.com, which seeks to gather signatures of Americans unhappy with government housing bailouts.
42,000 signatures later, a key committee in the U.S. House of Representatives voted 46-21 to advance another housing bailout. This bill, the Dodd-Frank plan, would force taxpayers to guarantee over $300 billion in mortgage refinancing and extend taxpayer financing to people with bad credit who have stopped making mortgage payments.
Awesome. If you haven’t already, sign the petition!
Powered by FireStats
May 7th, 2008 at 6:54 pm
OK, OK, OK. Let me get this straight. According to the Democrats (and most Republicans), the economy is in shambles (it grew, albeit very modestly, last quarter), people are being driven out of their homes in droves (only 2% of homeowners are facing foreclosure), and Americans are running into the streets, screaming about their lack of affordable health care. To each point politicians suggest greater government intervention and action. There’s no thought at all given to even entertaining the possibility that previous government action contributed to less-than-fabulous conditions today, nothing like the Community Reinvestment Act of 1977, or the myriad of rules and regulations governing the sale of medical devices or provision of care.
“See a problem, design a program,” goes the old statist adage. No one’s going to listen to me, but perhaps we should examine how innovations such as the lightbulb, airplane, and personal computer came about and developed: by spontaneous order.
In other words, were we to roll back government planning to solve our problems, we might get a better set of conditions for homeownership, jobs and health care.
We’d get a better shake, perhaps something in chocolate.