Housing bill bailout shameful

When I read about the housing bill bailout by Congress, I was ashamed. Ashamed that Congress would even bother with something like this. Why are they? It’s an election year. And that is the ONLY reason.
Why? Let’s take a look at how a mortgage works. The lender and lendee go into a contract. The lender says that these are the terms and the lendee signs off into that contract. Now while many lenders did not do due diligence to make sure the homeowner knew what they were getting into… hey, if you signed on the dotted line then you’re also responsible. It takes two parties to make a loan happen, and because someone is fiscally irresponsible is no excuse for a bailout.
Just as it was wrong to bailout lenders that have taken a hit because they played the risk and instead of high capitalization, they lost on the risk. Fiscal responsibility is a just as it sounds. Responsibility in both business and/or signing on loans that you can actually afford. In the same breath, I can say that there is no way my business could survive if I took out a $500,000USD loan for operating expenditures when I fully well know that my profits don’t even amount close to that amount. Thus, it’s not fiscally responsible.
This bailout just shows that Congress is out to “buy” the votes instead of doing what they should be doing, which is not helping those that make bad judgment calls. There are plenty of people currently that do not live beyond their means. So why should the rest of these people pay in taxes for a bill that bails out those that continue to max out their credit limit and live in housing that doesn’t reflect their incomes? It just shouldn’t happen.