Wednesday, March 18, 2009

Barney Frank -Easy First Choice

Even with about 400 highly qualified congressional participants in the destruction of our Constitutional Republic to choose from in March 2009, Barney Frank was an easy choice. The Wall Street Journal has dubbed him “Fannie Mae’s Patron Saint” for his protection of those government sponsored enterprises and his demonstrated lack of understanding and/or gross incompetence in his oversight and defense of Fannie Mae and Freddie Mac. According the Washington Post, Frank was a recipient of more than $40,000 in campaign donations from Fannie and was shacking up with a Fannie Mae executive, Herb Moses. The column revealed the two had split up at the time but also said Frank was referring to Moses as his “spouse.” Jeff Poor of the Business & Media Institute gives more of the sordid details of their liaison that has contributed to so much carnage in the mortgage markets. Here’s an excerpt: …“Frank had aggressively thwarted reform efforts by the Bush administration. He told the New York Times in September 2003, Fannie Mae and Freddie Mac’s problems were “exaggerated,” a gross miscalculation some five years later with costs estimated to be in the hundreds of billions…” Full story:
Also see:

From Wikipedia: “In September 2003, Frank, then the ranking Democrat on the Financial Services Committee, opposed a Bush administration proposal for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Development to a new agency that would be created within the Treasury Department. The proposal reflected the administration's belief that Congress "neither has the tools, nor the stature" for adequate oversight. Frank stated, "These two entities...are not facing any kind of financial crisis.... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing”

A clever parody by Paul Shanklin which can be heard on Rush Limbaugh’s show has Barney singing, “I am the banking queen.”

Investors Business Daily says, "Our government is largely to blame for our current problems. That's bad enough. But many of the same people who caused these problems — Rep. Barney Frank and Senators Chris Dodd and Chuck Schumer stand way out — are now making new laws to 'fix' them."
It shows that experience in congress –our poster child Barney is in his 14th term!—is not the kind of experience needed for a chairman of the Financial Services Committee. He has never had a job outside of government. Nothing in his 28 years in congress could possibly prepare him for such responsibility. Probably no other individual carries more blame for our current economic crisis than this fool. Not that he is alone --besides Dodd and Schumer, many others in FedGov share responsibility for this financial debacle and its continuance with such devastating effect on our country.

Bill O’Reilly interviewed Barney Frank, and tried to get him to accept his responsibility in the collapse of Fannie Mae and Freddie Mac, which Frank was overseeing. He called Barney a “coward” for evading his responsibility. O’Reilly confronted him as the lawmaker most responsible for the meltdown of our financial markets. He played videos showing Frank saying that the problems with the GSEs are exaggerated and are sound entities going forward – a couple of months prior to the collapse.

He’s anti-military calling for a 25% reduction the Defense Department budget. In 2006, Frank was one of only three Representatives to oppose the Respect for America's Fallen Heroes Act, which restricted protests at soldiers' funerals. Of course, he’s in favor of same-sex marriage, gays in the military and other special rights for what he calls LBGT people. No one is more pro-abortion than Barney Frank –not even Obama. He’s staunchly in favor of partial birth abortion, against the Unborn Victims of Violence Act and against prohibitions on taking underage girls across state lines for abortions.

This poster child for term limits gets elected with 98% of the vote because of the overwhelming advantages he has from incumbency. Even his homosexual scandal where another of his homosexual roommates ran a prostitution ring out of the congressman’s apartment failed to hurt his reelection efforts. His current boyfriend, according to Wikipedia, is Jim Ready, 39, from Maine. Now it is a different story for Republicans –Mark Foley gets run out of congress for sending some suggestive emails. You can fill a large book with examples like these. Dems walks, Repubs punish their own. That is a main difference between the parties –Repubs still have some shame, Dems have no shame, no moral standard whatever. [Don’t worry, we have some Repub Poster Children to feature later –we’re trying to get the worst offenders first, regardless of party.]

Barney Frank should have been term-limited out of congress a long time ago to make way for someone with real world experience in business, perhaps in finance. With term limits there would be fresh blood coming in to congress many with skills desperately needed to understand complex issues. Barney Frank is one clear example of the need for term limits on congress –as we have on the president and most governors and many State legislatures, county commissions and city councils. Eight is enough! –that is our slogan in Florida meaning eight years in an office is enough for public service. Any more than that and it gets to be self service and disaster for the taxpayers.


Silver Palm said...

George, your blog is already a great service to the blog readers. Good job on Barney Frank. I look forward to more of your blogs.

By the way, one of Frank's biographies says he worked for 5 years on a Ph.D. at Harvard, but did not get it. He gave up or ? Then he started law school and made it, but took a couple of years to pass the bar exam.

Seamus said...

Good job, Gio. You certainly have a lot of material to work with under the heading "Poster Children for Term Limits." The entire leadership of the Democrat party to begin with, and a few Republicans also.
Your research on Barney Frank is very thorough and informative. He is easily number one on the list. Sadly, it says a lot about the people who vote for him and others like him. An informed electorate is a good start to cleaning up their mess. Your blog will be a big help in that regard.
Good luck. --Seamus

peggy said...

Don't leave Chuck Schumer D NY off your list. I blame him for the financial crisis coming to a convenient head just before the election with his release to the press of his letter regarding Indymac.

George Blumel said...
If I had seen this from American Thinker I wouldn't have had to write my piece above. Barney Frank is a disaster for our country.

Geo said...

Barney to play Elmer Fudd?

Geo said...

A great new book, I Am John Galt, has a chapter on Barney Frank going back to his high school days when he was distributing copies of the Daily Worker instead of his school newspaper. And about his family's ties to organized crime in NJ. How he avoided the daft through political means. He doesn't seem to have any redeeming values --a truly despicable person.