Barney Frank: “No Downside” To Spending Your Money
With two Senate Republicans, Shelby and Kyl, coming out against the Detroit bailout because in their view, "an auto bailout would only postpone the industry's demise," Barney Frank has some inspiring thoughts on spending billions more in taxpayer dollars.
"The House is ready to do it," said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial Services Committee. "There's no downside to trying."
There's something seriously wrong with an America that constantly re-elects people who all but laugh in your face while squandering taxpayer money. It isn't even real money to them.
That communist George Bush gave $700 billion of your money to elitist bankers. We live in interesting times.
Hank Paulson: Barney Frank’s alter ego? I mean, have you ever seen them in the same room together?
Okay, wait, that was like two weeks ago. Well… harumph!
“That communist George Bush gave $700 billion of your money to elitist bankers.”
You might want to read the constitution.
O.K. that communist Bush administration advocated and approved of giving $700 billion of your money to elitist bankers. Happy now asshole?
Evidently gm doesn’t understand the difference between the credit system and bad credit.
He’s such a puke.
Giving money to GM at this time would be like, as my grandfather used to say, “shoving it up a mule’s butt.”
gm, do you kiss your Momma with that dirty mouth?
I sincerely doubt that you would recognize a communist if one bit your backside.
Your bar room manner marks you as irrelevent in discussion here and would most likely
subject you to more attention than you would want in a real bar room.
My point:
Bailouts of any kind for any deceitful reason are embezzlement from the US Treasury
and a clear violation of the Public Trust. Period. Both Republicans who voted for them
and The Democrat Majority in the House for the past two years that utterly failed in their oversight role should be charged and tried. A little US Government 101 lesson here: The House appropriates the money. The Dems have held the Comittee Chairs for the past two years. They can claim the largest responsibility for this Criminal Act. They were “In Charge” of the “most ethical” Congress and were
accomplices both during and after the fact. In other words, Congress controls the checkbook. Trusting the Democrat Majority or Paulson with a blank check is Criminal. But the American Voting Public elected more criminals than Bush appointed!
So don’t get snippy with me on that point. Read the Constitution and get off the offensive launguage
because it does not serve you well or make a defensible argument. gm, you should scribble your tripe on restroom walls and save me the wasted time of reading it. OK?
“In other words, Congress controls the checkbook.”
Like Barney Frank said…yeth, we scarrewed da pooch, but the repugnicans let us”
just caught some of the messiah’s 60 minutes appearance…
He did use ‘hope’ in a sentence…
When discussing the bipartisan failures and economic mistakes of the financials, after providing that spending will be needed and there should be little regard to the deficit, for two years:
“Let’s HOPE they learned their lesson.”
he makes carter look good.
“he makes carter look good.”
Well, he retreaded some of Carter’s “hope and change” speeches so I see invoking the last great one often.
“- There’s something seriously wrong with an America …”
After a very cursory scan, it looked like America just re-elected the same Dem-controlled Congress (or gave R seats to Ds) to whom they’d given the lowest approval rating in the history of ratings surveys… for any U.S. institution.
Yeah, I’d say there’s something seriously wrong. People like Frank will always exist. They’re not the problem here.
It is sad and amazing that most people see the actions of government as being the result of one person, the President. The financial crisis convinced most swing voters that the economy had to be given to the Democrats as the more trustworthy party. It is a great irony that the wrong party is blamed.
The current financial problems were created by government pressuring the loan market to make bad loans, and empowering Fannie Mae and Freddie Mac to buy up those loans so that the process could continue. This was promoted by Democrats and tolerated by Republicans, so there is blame all around, but not for all Democrats or Republicans.
The Democrats said “we are arranging loans to good people who will pay back the money”. The Republicans couldn’t say loudly “we don’t want to make those loans, they are too risky”, although they said it softly in committee.
The government ran an off-budget loan-department (Fannie and Freddie) that borrowed $5.4 trillion ($5,400 billion), as much as the total debt of the US before that. Fannie and Freddie were regulated and directed by the House Financial Affairs committee, chaired by Barney Frank (D. MA) and controlled by the Democratic majority for the last two years. The bad loans were made mostly in the last two years, under their direction and encouragement.
I predict more irony. For eight years the cry has been “It is the fault of the devil President Bush”. In the next four years, despite a Democratic President Obama, and regardless of any continuing economic problems, the cry will be “It is the fault of the prior devil President Bush”.
See: We Guarantee It
easyopinions.blogspot.com/2008/10/we-guarantee-it.html
Say, Wahoo, did you ever read comic books? This is as comical as they get:
http://directorblue.blogspot.com/2008/11/adventures-of-frankman-and-doddman.html
IRAQ!
That is all.
Yep those dems play a lot of monopoly games. It’s all just play money to them.
When Obama gets in office in January, watch how much more money he will spend.
LOL
I do not think the Auto Bailout will come from the 700 billion. It may not come at all until JAN.20. The 250 billion back in Sept. that was approved may be tweaked a bit and that money may be used.
The dems just love that UNION money that is always given to them every election.
Without the Union Money the dems would not be where the are today.
Unions are the downfall of all industries in this country.
I would love to see ALL UNIONS busted ! Greedy corupt scumbags !!
Companies like Toyato and Honda and such do just fine and their workers are perfectly happy without a Union. More proof that UNIONS SUX !
WORLD LEADERS ARE NOW OPENLY TALKING OF A “NEW WORLD ORDER” ! IT IS NOT A SECRET ANYMORE OR A CONSPIRICY THEORY.
http://futurestorm.blogspot.com/2008/11/world-leaders-are-now-openly-talking-of.html
Hasn’t been a secret for some time. Guess who “first” openly talked about it…
“—
Bailouts of any kind for any deceitful reason are embezzlement from the US Treasury
and a clear violation of the Public Trust.
Period.
—”
Well said, Old Trooper.
This is the core failure of “conservatives” of this generation: being of weak constitution and ill-disposed toward locking arms and standing against this menace to our Republic, to our very way of life… standing against this crime.
Conservatives need to rally behind the old principles and truths that made America great, and gave people a reason to stand behind common-sense conservatism: values of thrift, hard-work, innovation, and a strict moderation of government, and ensuring it adheres to strict Constitutional limits.
We had our chance to get behind such a paleo-conservative who came to us in the power and spirit of the great, late Sen. Robert A. Taft or “Silent” Cal Coolidge… who would have taught us once again to have America and Americans to mind their own business first and not throw away money to greedy corporations that cannot manage their own affairs, or to undeclared foreign wars which have negligible results.
We cold have supported the Hon. Dr. Ron Paul as the GOP presidential candidate, but it seems America is too foolish and in love with its cruel lover, E.Z. Bad Credit, who will surely requite her harlotry with the sting of scorpions.
Perhaps we may see another opportunity for paleo-conservatism, as people finally begin to wake up and see that modern liberalism – either from the Democrats or the GOP – is a failed idea.
By
Did anyone doubt that, once the bailout fund was established, it was going to hang there as fair game for whatever loopy, vote-buying, sloth-rewarding, dishonest, dishonorable cause on which the dems didn’t really want to have to actually cast a recorded public vote?
They took that $700,000,000,000.00 of our money – oh so quickly, in a screaming, siren-wailing EMERGENCY that distracted all of us from that horridly huge number – and they immediately tucked it away into a discretionary fund, and right then we all knew it was toast. I’m still certain that ACORN is going to get just as much of it as it was going to get under the first draft of the bill, until public screaming made them hide it. The unions are going to get a direct gift of a huge portion of it, delivered for the dems by the automakers in the form of continued obscene wages for making money-losing products. That’ll be the most direct payback for this past election. Then, every shiftless loser who so proudly signed up on ARM mortgages with adjustment predictions that would choke horses and who now just noticed that their horse was cold and blue and dead is going to go whining to his givernment that “he didn’t know”, and that “the rich stole his house.”
And then we’ll buy him a new house.
I’m just hoping they don’t start grabbing us people who have jobs and making us spend one day every week driving around and apologizing to all the chronically unemployed sloths for contributing to a culture that unfairly views work and productivity and burden-sharing as virtues, and that views parasitism as one more valid way of thinking about things.
President George W. Bush “is not” a communist ! Thank you ! He is still the President and he is my President and I thank him for keeping me safe and all of America !
“Bloviating, grandstanding, bullying political hacks with little to no understanding”
There’s something seriously wrong with an America that constantly re-elects people who all but laugh in your face while squandering taxpayer money. It isn’t even real money to them, observes Dan Riehl re Barney Frank’s latest comment re spending your