Postcard to President Obama

Dear Mr. President,

 

People should be held accountable for their actions.  If someone purchased something they cannot afford, it is not the government’s responsibility to pick up the bill.  The money for mortgage bailout is coming from honest taxpayers, many of whom have done the right thing by not biting off more than they can chew.  Many of whom have rented because of the unaffordable prices of late.

 

You say that you are doing this in part to protect the value of my home from falling further.  Guess what.  I don't want you to take my tax money to pay for my neighbor down the streets mortgage, even if it means my house value falls more.  The guy down the street pulled $200,000 out of his house over the past 8 years.  The guy down the street bought a house he could never afford, with a mortgage that was a ticking time bomb from day one.  Let the market correct.

 

Government is the problem and not the solution.  Your redistributions of the wealth is un-American and eventually you will lose office because of policies that reward irresponsibility at the expense of the honest hard working taxpayer.

 

Then again, maybe don't appreciate this because your administration has ever met an honest hard working taxpayer.   See Geithner, Daschle, Richardson, and Killefer. 

 

I had hoped for so much more.