Barney Frank

MSNBC’s Brzezinski: ‘You Could Argue' Republicans 'Wrecked the Economy’

On Monday’s Morning Joe show on MSNBC, during a discussion of President Obama’s recent suggestions that he would be willing to talk with Republicans about health care reform, co-host Mika Brzezinski recounted Obama’s initial refusal to include the GOP, and claimed that Republicans "ARE the ones, you could argue, who wrecked the economy," which set off co-host Joe Scarborough. After Brzezinski claimed that "The last administration put us in the position that we are in," Scarborough denounced Democrats for pushing Republicans to support lending more money to people who could not pay back their mortgages.

He also brought up campaign contributions President Obama received from mortgage companies. Scarborough: "And, by the way, while I was being critical of the Republican party for allowing people to get mortgages they couldn't afford to repay, Democrats were calling Republicans racists. Barney Frank calling them racists for not giving even more mortgages they couldn't afford to pay. ... Barack Obama, the guy that got more money from Fannie and Freddie executives than anybody else on Capitol Hill doesn't exactly have clean hands here."

Below is a transcript of the relevant portion of the Monday, February 8, Morning Joe, on MSNBC, from about 8:09 a.m., with critical portions in bold:

Tax Increase Campaign Item 3: Wars Cost Money And Rich Must Pay, MI Senator Levin Tells Bloomberg

taxes

At this point, there should be little doubt that there is a concerted attempt underway to use the war in Afghanistan as a justification for punitively taxing high earners.

Last weekend (noted at NewsBusters; at BizzyBlog), the New York Times discovered that wars cost money. It cited Wisconsin Democratic Congressman David Obey's concern that funding the Afghanistan effort at the level requested months ago by General Stanley A. McChrystal would "devour virtually any other priorities that the president or anyone in Congress had."

Thursday, as reported by AFP (noted last night at NewsBusters; at BizzyBlog), House Democratic heavy-hitters Barney Frank, John Murtha, and (no surprise) Obey announced the "Share The Sacrifice Act of 2010," an income-tax surcharge that overwhelmingly targets high-income earners.

Now Michigan Democratic Senator Carl Levin has weighed in. Bloomberg dutifully carried his water, as seen in this graphic containing the first four paragraphs of the report:

AFP Writes Up Proposed Tax With 'Next to No Chance' of Passage to Set Stage For the Real Thing

AfghanWarAFPphoto1109

You've got to hand it to the propagandists at the AFP. When heavy-hitting members of the party they favor announce an idea whose main purpose is, as the New York Times suddenly "discovered" last weekend, to remind people that wars cost money and distract from supposedly more important priorities, the wire service leaps into action.

Even AFP acknowledges that the tax proposal by several top-tier Democrats has no chance of becoming law. But again, that's not the point. Their proposal's purpose is to remind people that spending money on wars supposedly takes money out of the mouths of children and other living things, even those in non-existent congressional districts, and to attempt to make the climate for increasing taxes in the near future more favorable.

Here are key paragraphs of the unbylined report (bolds are mine):

Barney Frank/Ed Schultz In Liberal Lovers' Quarrel

Disclaimer: we're talking politics here, not personal stuff . . .

If there's a bigger sourpuss in Congress than Barney Frank, I wouldn't want to meet him. On MSNBC this evening, the dyspeptic Member from Massachusetts got into it with, of all people, Ed Schultz.  You might think the two libs would make beautiful progressive music together, but what made this spat especially entertaining was that Barney found himself being attacked . . . from the left.

The topic was the billions in bonuses awarded by Wall Street firms that had received TARP money.  Schultz's beef was that Congress blew it by awarding TARP dough without obtaining advance agreement limiting bonus payouts. 

View video here if flash player not visible.

CNBC's Kudlow Rips MSNBC for Lack of Balance; Calls for Supply-Side Solutions for Economy

It is bad when an anchor from a sister network feels compelled to call out a colleague about the lack of ideological balance, but that's just what CNBC's Larry Kudlow did on his Oct. 27 program

In a time when some of CNBC's critics demand the network be held to a high standard when it comes to balance, a different standard is applied to MSNBC. And a lack of balance is something Kudlow pointed out.

Kudlow, referring to the Oct. 26 broadcast of MSNBC's "The Ed Show," which featured Rep. Barney Frank, perennial presidential candidate Ralph Nader and the host Ed Schultz, noted all the participants were left-of-center.  And in the appearance, Frank made a pitch for the expanded role of government and argued the only reason people opposed it was because they were disillusioned by the government for its failures during the Bush administration, specifically dealing with Hurricane Katrina.

Boston Globe's View on Afghanistan Depends on Who's President

Is it possible for a sitting president to ignore a war his own country is waging?

According to the Boston Globe, it depends on who that president is.

The war in Afghanistan has presented a rare look at two different presidents faced with the same situation in the same theatre.

Following initial Allied success, 2003 saw the Taliban regroup for a long-term fight, and by late 2007 Bush had begun to draw up plans for a troop surge. Two years later, generals on the ground say our presence is still not enough.

Now, with President Obama in charge, those in the mainstream media portray his leadership in a starkly different light than that of former President Bush.

The Boston Globe is a prime example of the double standard (continued).

Ratigan's Fawning Interview of Barney Frank

Interviewing Barney Frank this morning on proposals to regulate the financial markets, MSNBC's Dylan Ratigan seemed set on appeasing the notoriously rude representative.  Ratigan had surely seen the video of Mark Haines' CNBC interview of Frank back in June, and was determined not to suffer the same fate, in which Frank ripped off his earpiece and ended the segment short.

Even before posing his first question to Frank, Ratigan began by laying a sop at the great man's feet: "I know you're working very hard on this legislation.  And before we begin, I had a lot of folks come to me and say listen, make sure you thank the representative for his efforts to try to deal with this.  You are dealing with an incredibly complicated problem with a variety of issues.  So I wanted to pass along the appreciation of your efforts before we begin this conversation."

His tribute to Frank didn't spare Ratigan a reprimand when later on he dared to get in a word edgewise.  So Ratigan naturally concluded the interview . . . by apologizing to Frank for having interrupted him.

Nets Use Nazi Comparison to Tar Obama Opponents, Delight in Barney Frank's Retort

ABC, CBS and NBC on Wednesday night all showcased liberal Democratic Congressman Barney Frank's rejoinder -- “On what planet do you spend most of your time?” -- to a woman's question: “Why do you continue to support a Nazi policy as Obama has expressly supported this policy?” As if the premise were coming from a typical anti-ObamaCare conservative, ABC's Charles Gibson set up the exchange by asserting “the contentious rhetoric over health care reform has gone up another notch. It happened in Massachusetts, after protesters brought pictures of President Obama with a Hitler-style mustache to a town hall meeting with Congressman Barney Frank.”

Though ABC showed a picture of the poster with “LaRouche PAC.com” visible at the bottom, neither Gibson nor CBS's Nancy Cordes (who did not show the LaRouche credit) noted the posters were created and distributed by the group affiliated with Lyndon LaRouche, a seven-time far-left Democratic presidential candidate who spent many years as a Trotsky-ite and is best-known as a propagator of wild conspiracy theories. The New Bedford Standard Times identified the woman as “with the LaRouche Political Action Committee.”

On the NBC Nightly News, fill-in anchor Lester Holt referred to “more rowdy town hall meetings” which led Frank to decide “he'd had enough and faced off against a woman holding a picture of President Obama that was doctored to make him look like Hitler.” After video of the exchange Tuesday night in Dartmouth, Massachusetts, Holt benignly described the source: “That anti-Obama image is being disseminated by supporters of perennial presidential candidate Lyndon LaRouche who are campaigning against health care reform.”

Obama in 2007 Said He Wanted to Eliminate Private Health Insurance

As President Obama repeatedly tells America that his plan for healthcare reform will not lead to the elimination of private health insurance, statements he made in 2007 and 2003 tell a different story altogether.

In shocking video uncovered by our good friends at Naked Emperor News, Obama, speaking at SEIU's New Leadership Health Care Forum on March 24, 2007, said, "My commitment is to make sure that we have universal healthcare for all Americans by the end of my first term as President."

Later in the discussion, he elaborated (video embedded below the fold):

Frankly Rude: Barney Cuts Haines Interview Short

It's a conversation, Barney, not a soliloquy . . .

Discussing the regulation of executive pay with CNBC's Mark Haines today, the testy liberal Dem from Massachusetts was affronted when Haines tried to get in a word edgewise.

Before long, Barney announced that the interview was over, and ripped off his earpiece.  Unruffled, Haines got off a good last line: "Fine, goodbye sir. We'll manage without you." [Hat tip reader Chuck S.]


View video at right.

Frank-ly Control Freaks: Congressional Committee Passes Bill Controlling ALL Pay at US-Involved Companies

ObamaAndGeithner0109Is it okay to call them socialists yet? (/sarc)

And to think we were "only" worried about having a known Tax Cheat overseeing everyone's taxes.

With Barney Frank's help, Treasury Secretary Tim Geithner is trying to expand his power (and by inference that of his Dear Leader boss) well beyond that. The "Pay for Performance Act," which has already gotten out of committee, would give him veto power over salaries at every company into which the government has inserted its intrusive claws.

Besides the utter outrageousness of the news itself, the story leads to the question of how the establishment media will handle it. Whitewash it? Minimize its significance? Ignore it? Given the fact that the news is over a week old, I vote for a continuation of Door Number Three.

Byron York reports the following in the DC Examiner:

Weekend Captionfest

http://media.eyeblast.org/newsbusters/static/2009/03/2009-03-24FrankGeithner.jpg

Rep. Barney Frank (D-Mass.) chats with Treasury Secretary Tim Geithner before a hearing on AIG chaired by Frank on March 24, 2009.

CBS Covers AIG Bonuses, No Mention of Chris Dodd Amendment Protecting Them

Maggie Rodriguez, CBS At the top of Wednesday’s CBS Early Show, co-host Maggie Rodriguez interviewed Democratic Congressman Barney Frank about upcoming hearings on bonuses AIG gave to top executives after receiving government bailout money: "And who in the government didn't vet this company well enough before it gave the money to address the issue of bonuses...So who's responsible here in government? You said the Federal Reserve did this." Frank replied: "In September, Mr. Bernanke, as the head of the Federal Reserve, came to us and said 'we think we have a terrible problem here, we are going to provide $85 billion to AIG. That's -- that was the decision it wasn't anything that Congress had any say over."

Rodriguez did not challenge Frank’s assertion that the Democratic Congress was not involved, failing to ask the Massachusetts Congressman about the role his Senate colleague, Connecticut Democrat Chris Dodd, played in allowing AIG executives to keep their bonus money. On Tuesday, Fox Business reported: "While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. The provision, now called ‘the Dodd Amendment’ by the Obama Administration provides an 'exception for contractually obligated bonuses agreed on before Feb. 11, 2009' -- which exempts the very AIG bonuses Dodd and others are now seeking to tax."

NBC's Vieira Refuses to Challenge Barney Frank on Wasteful Earmarks

Barney Frank was allowed, by NBC's Meredith Vieira, to go on a tear against AIG for wasting bailout money on corporate bonuses, on Monday's "Today" show, yet Vieira never once interrupted Frank to point out his own wasteful stimulus spending on earmarks going to Frank's home district, including $1 million for scallop research. Vieira also didn't interject when Frank blamed the Bush administration for failed economic oversight, even though it was Frank who blocked reforms of Fannie Mae and Freddie Mac, something former Vice President Dick Cheney brought up on this Sunday's "State of the Union," on CNN.

Vieira never asked a challenging question throughout the whole interview, instead choosing to let Frank rant: "The time has come for the federal government to put some people in charge...When we were asked by the Bush administration and the Federal Reserve last fall, to do these things, they resisted some of the conditions we wanted to put on."

The following is a complete transcript of the interview with Frank as it was aired on the March 16, "Today" show:

MSNBC's Andrea Mitchell Pleads 'Guilty' to Barney Frank for Media Scrutiny of Obama Appointees

The Treasury Department oversees the Internal Revenue Service. But if the Secretary of the Treasury - or any other political appointee being considered for the Treasury Department - didn't pay his income payroll taxes, it doesn't matter. That's the message from House Banking Committee Chairman Rep. Barney Frank, D-Mass., and he blamed the fourth estate for acting like it does matter.

On MSNBC's March 11 broadcast of "Andrea Mitchell Reports," host Andrea Mitchell asked Frank to respond to criticism in a March 11 piece from New York Times columnist Thomas Friedman that too many appointees were being held up for what he deemed insignificant reasons.

"I think it's a problem, although I will say this - for the media to blame that entirely on the Senate seems to me a little bit self serving," Frank said. "I mean, the media is the problem here, in part. It is the over-focus on part of people in the media to relatively minor infractions that causes this. I guarantee you my colleagues would not on their own be doing this. So I do think we are in a culture now where a lack of perfection exacts too strong a toll, but that's the politicians reacting to the media."

Rep. Frank: New FDR-style New Deal Financial Regulations 'Guaranteed' by Summer; Maddow Giddy

A prominent Democrat made news on MSNBC Feb. 11 with his guarantee of new financial industry regulations "comparable" to FDR's New Deal.

House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., appeared on MSNBC's "Rachel Maddow Show" Feb. 11 and told the MSNBC and Air America host that things should be done to limit what financial services can do, specifically when it comes to compensation.

"There's no question about it for the future," Frank said. "Look, there's a problem with the American system and we as liberals should be honoring this. The principle that you don't go back and do things retroactively is a very important liberal principle."

Frank "guaranteed" there would be new regulations forthcoming.

Pelosi Posts YouTube Video of Frank Saying Bonuses are Bribes

While most people might be offended by Rep. Barney Frank (D-Mass.) saying bonuses are like bribes, House Speaker Nancy Pelosi (D-Cali.) was so enamored with such talk that she actually posted a video of the Massachusetts Congressman's disgusting remarks at YouTube.

As NewsBusters previously reported, during Wednesday's House Financial Services Committee hearing, Frank chastised the CEOs in attendance for having the gall to receive bonuses:

Why do you need to be bribed to have your interests aligned with the people who are paying your salary? 

Pelosi obviously wasn't offended by Frank's comments, for she posted a video of his remarks -- in her own name, mind you! -- at YouTube (video embedded below the fold):

Barney Frank: Bonuses to Financial Executives Are Bribes

Capitalism Derangement Syndrome was on full display during Wednesday's House Financial Services Committee hearing when Chairman Barney Frank (D-Mass.) accused the financial industry executives present of needing to be bribed with bonuses to do their jobs.

That's right: a bonus is now the equivalent of a bribe as far as Frank is concerned.

Given the beating capitalism and the free market have been getting from the press on a daily basis since the financial crisis began in September, it seems a metaphysical certitude that Frank's rant to the CEO's of America's leading financial institutions will get a lot of play in the next 24 hours:

On ABC, Dem Barney Frank Rages at 'Distortions' of Chris Cuomo

"Good Morning America" news anchor Chris Cuomo on Tuesday actually challenged liberal House member Barney Frank over how Congress has spent the bailout money. At one point, after the host implored Frank to think of the American taxpayers, the irritated congressman commanded, "I'm sorry, sir, but- I'm sorry, if you keep interrupting we cannot have a coherent conversation." Frank would later rage over Cuomo's "distortions."

The ABC News anchor kicked off the interview by observing, "You Democrats say you're gung ho, talking numbers in this stimulus plan." He then skeptically queried, "But, in light of all the spending that's been done already with the questionable results, what gives you the confidence that you can pass this?" Now, it should be pointed out that Cuomo often seemed to be pressing the Democratic congressman from the left. Regarding those Americans who took out loans for more than they could pay back, he asked, "Why didn't you look out for the little guy and make sure that first package, instead of $270 billion to financial institutions, went to the people holding those mortgages?" The host continued, "Went to the working men and women? Why didn't you do that first?"

Does Frank Find Incest More Objectionable Than Pedophilia?

Does Barney Frank think incest is worse than pedophilia?  The question arises because, chatting with Andrea Mitchell this afternoon, here's how Frank reiterated his opposition to Barack Obama having granted Rick Warren the honor of pronouncing the invocation at the inauguration. 

BARNEY FRANK: I think Rick Warren's comments comparing same-sex relationships to incest is deeply offensive, wildly inaccurate and very socially disruptive.

View video here.

But Warren didn't limit his comparison of gay marriage to incest.  In the same statement  in which Warren alluded to incest he also invoked polygamy and pedophilia.

CBS ‘60 Minutes’: Barney Frank, ‘The Smartest Guy in Congress’

Lesley Stahl, CBS In a softball profile of the liberal Massachusetts Congressman Barney Frank on Sunday’s CBS 60 Minutes, anchor Lesley Stahl led with: "Barney Frank has been called the smartest guy in Congress, which is lucky for us, since he works on some of the thorniest issues around. The 14-term, 68-year-old Harvard-educated Democratic congressman from Massachusetts is chairman of the House Financial Services Committee, which means his portfolio includes banks, housing, and now the auto industry. " Stahl later added: "...even the most hardened Republicans give him good reviews." Stahl never named any of those "hardened Republicans."

Stahl did offer some critical descriptions of Frank: "There are many ways to describe Barney Frank. I wanted to read you a sampling of descriptions of you. They almost -- they kind of come in couplets. We have, ‘impatient and anti-social,’ ‘sharp-tongued and downright mean.’" However, she soon followed up with positive testimonials of Frank’s non-ideological pragmatism:

Listen to what the financial community says. Here's Henry Paulson on Barney Frank: ‘He’s a market savvy pragmatist who looks for areas of agreement because he wants to get things done.’ Here’s a guy from JP Morgan Chase, he said, ‘He hasn't veered off into Crazyland,’ meaning liberalism. I've heard someone describe you this way: ‘You're liberal on social issues; you're a pragmatist on economic issues.’"

Near the end of the story, Stahl observed: "True to form, he's an equal-opportunity curmudgeon, also criticizing Barack Obama for not being assertive enough on the credit crisis." Frank explained: "Senator Obama has said we only have one president at a time. Well, that overstates the number of presidents we have at this time. We don't appear to have any." Apparently, saying that having President Bush is like not having a president is somehow critical of Barack Obama.

Detroit: Barney Worries Bankruptcy Would Bust Unions

Barney Frank favors bailing out the Detroit automakers over letting them go into bankruptcy.  Chief among his concerns is that bankruptcy might "bust" the unions. You know, those organizations whose contract demands have put Detroit on the brink of extinction.

The Massachusetts Dem, chairman of the House Financial Services Committee, was interviewed by Maggie Rodriguez on today's Early Show. He appeared alongside Sen. Richard Shelby (R-Al.), ranking Republican on the Senate Banking Committee, who favors letting the automakers reorganize under Chapter 11.

DC Auto Bailout Ideas Involve US Equity Stakes, Turn into an Early Christmas Tree

Can I have permission to utter the S-word ("socialism")?

Ken Thomas's Associated Press report today (link is dynamic, subject to change, and will probably be gone in a week) on auto industry bailout ideas emanating from Washington includes these items, all of which expand soc- ... soc- ... socialism:

  • Legislation proposed by Barney Frank involves the government taking ownership stakes in the companies.
  • Lawmakers want to use funds that were meant only for the financial sector bailout.
  • A note that the current bailout is over and above the $25 billion in government-guaranteed loans that has already been approved for "development of fuel-efficient vehicles."
  • News that auto industry suppliers want in on the bailout action
  • The United Auto Workers wants a separate $25 billion "to help cover future health care obligations for retirees and their dependents."

Are we having fun yet?

Here are key paragraphs from the AP story:

Joy Behar to Bill O'Reilly: 'Stop Name Calling!'

Just a few minutes after labeling Rush Limbaugh a "terrorist," Joy Behar scolded Bill O’Reilly for calling Obama a "communist." O’Reilly appeared on the October 22 edition of "The View" to promote his new book, but the segment began about the upcoming presidential election. When the Fox News host jokingly called Barack Obama a communist, Joy Behar preached "let’s stop name calling today" and "you know what a red flag that raises."

Throughout Bill O’Reilly’s two segments, Behar, "The View’s" most reliable leftist, sparred with O’Reilly. Behar said Keith Olbermann, whom O’Reilly never mentions by name, "hates" him. Bill simply brushed it off joking "they’re all jealous." Bill O’Reilly, accused Behar of drinking Obama’s "Kool-Aid." Behar retorted "you drank the Kool-Aid on George Bush for eight years." O’Reilly flatly denied it.

Barney Frank: 'The Fundamentals Are Better Than the Psychology'

Shades of McCain from an unlikely corner . . .

When at the beginning of the current financial mess John McCain declared that "the fundamentals of the economy are strong," he was roundly lambasted by the MSM, while the Obama campaign called his statement "an enormous mistake."

So, should we expect the liberal media and the Obama campaign to go after Barney Frank . . . now that he has said something remarkably similar? Discussing the markets with Maria Bartiromo on CNBC this afternoon, Frank declared: "I think it's clear that the fundamentals are better than the psychology."

View video here.