Sign the Petition! Viva La Revolution!

I make an honest living trying to convert law-abiding renters, who save their hard-earned cash and build their credit responsibly, into first-time home buyers.

That is my joie de vive. I enjoy helping people reach their homeownership goals and turning their dreams into realities.

OK, enough of the sappy mission statements. My goal in this entry is to shine some light on the growing subculture that cannot stand for Congress and their perpetual desire to bail out greedy speculators and irresponsible homeowners.

I recently stumbled upon this awesome Web site dedicated to taxpaying renters voicing their displeasure about the very greediness (Real word? Better than truthiness, at least) and venom these 'whiny' and 'reckless' mortgage borrowers spew into the media.

Here is a list of their preamble, if you will:

All we hear these days is whining from reckless home borrowers and their banks.

But did you know that renters are 32 percent of American households? And that homes in foreclosure are less than 2 percent?

So why is Congress rushing to bailout high-flying borrowers and their lenders with our tax dollars?

Unfortunately, renters aren't as good at politics as the small minority of homeowners (and their bankers) who are in trouble. We don't have lobbyists in Washington, DC. We don't get a tax deduction for our rent and we don't get sweetheart government loans.

Quite simply, we are just Angry Renters. And now it is our time to be heard: no government bailouts!

They even made a gnarly video to spread their message:

How's that for viral marketing? If you want to join the cause, sign the petition!

And to back the fight against reckless mortgage bailouts, news is surfacing in a recent Wall Street Journal article that the democrats will face a public backlash with these ridiculous bills:

Democrats, pressing for approval of a taxpayer-funded effort to rescue homeowners in danger of foreclosure, may pay the price in this year's elections, experts say.

That's because many U.S. home owners specifically, those who continue to make their mortgage payments in a timely manner agree with the Bush administration and most GOP members of Congress that the Democratic plan is tantamount to using taxpayer dollars to reward irresponsible actions.

According to a Gallup Poll conducted in late March, 42 percent of Americans are against the government stepping in to help home owners facing foreclosure.

Bush economic policy advisor Keith Hennessey says the response from home owners keeping up with their home payments will be: "Hey, wait a second, why are you helping him when I'm making hard choices every single month to stay current on my mortgage?"

Democrats, however, say their plan is only doing for home owners what the government is doing for Wall Street financial institutions. While Republican consultant Todd Harris concedes that "there will be massive public opinion on the side of helping the single mom who got swindled," he says there also "will be massive voter retribution against any plan that is perceived to bail out greedy and unscrupulous speculators and mortgage companies."

Ultimately, their hopes remain in President Bush's hands, which believe it or not, are bent on vetoing the latest bills if/when they are passed along to his desk.

Down with the irresponsible lending/borrowing fiasco! Si, se puede!