Free Republic

***EXPRESS YOUR ANGER*** FREEP These 65 Republican Congressmen These Republicans need to hear from you and the best way to do it ... is by phone. "The House of Representatives is currently experiencing an extraordinarily high amount of email traffic. The Write Your Representative function is therefore intermittently available. While we realize communicating to your Members of Congress is critical, we suggest attempting to do so at a later time, when demand is not so high. System engineers are working to resolve this issue and we appreciate your patience." Most of their e-mails are backed up since the start...

Former Reagan diplomat Alan Keyes commented Sept. 23 on the federal government's bailout of mortgage lenders Fannie Mae and Freddie Mac. The former Assistant Secretary of State, currently running for president as an independent, said the bailout plan as proposed by the Bush administration would effectively transform our nation into "a socialist society." The following is the text of Keyes' statement: What I have to say about the bailout is that, with a concrete proposal on the table, it becomes much more obvious what is actually going on right now, and I think that we have to confront it. And...

US stock futures point to huge rally following government bailout of Fannie Mae, Freddie Mac U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. Stock futures jumped more than 2 percent.

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? Sign the petition, watch the video and then check out the pictures from the Capitol Hill delivery! The next wave of signatures will be delivered next week. http://angryrenter.com/?go=7453

Why should American taxpayers have to pay to bailout reckless lenders and borrowers? The website Angryrenter.com, launched just last week, has a vitiation demanding that Congress not pass any bailout programs that reward risky borrowing and lending. To wit: "Let the free market sort it out!" The petition is gathering 40 to 50 signatures per hour, according to spokesman Adam Brandon, who adds that the site is already getting 15,000 visitors a day. "There's a huge segment of the country saying, 'We don't want our money used for a bailout,'" said Brandon. AngryRenter.com is backed by FreedomWorks, the conservative, free-market...

“Risky as hell.” That’s how the Heritage Foundation’s David John describes U.S. Rep. Barney Frank’s mortgage bailout program. He’s an economist who takes the consequences of this taxpayer-backed bailout seriously. Unlike, oddly enough, Frank himself. The Hill recently quoted Frank as saying it’s “irrelevant” how many people are actually helped by his $300 billion plan. “I would hope a million would benefit. There’s no downside. Why not try?” Only a Bay State pol could hand out $300 billion in taxpayer promissory notes and then say “What’s the downside?” It’s like Tip O’Neill getting the go-ahead on the Big Dig and...

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...

It is easy to call yourself a supporter of economic freedom and the rule of law amidst a rapidly rising economy. Now with dark clouds of the recent rise in mortgage foreclosures—and more expected on the horizon—political expediency has eroded the support for free markets in some of its perceived champions. Even self-proclaimed devotees of the late Milton Friedman, President George W. Bush and California Governor Arnold Schwarzenegger, sound more like critics than Friedman supporters. In the wake of a perceived mortgage crisis both have attempted to use the coercive power of government to solve the problem. Both plans center...