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U.S. News and Commentary



Entries in Barney Frank (10)

Tuesday
Jul102012

Biden steals a Romney asset

Video: The man who introduced Biden mixed him up with McCain in 2008, but the loaded question asked at the beginning was, “Are you happy with the way the economy is today?” Democrats dare not ask that question in 2012.
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We never know what Vice President Joe Biden will come up with—a BFD moment or insisting a man who’s in a wheelchair stand up.

The vice president came up with a comparison on Monday during a Seattle fundraiser. Basically, Biden tried to steal a Romney asset.

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Tuesday
May292012

Tell Barney Frank: Democrats stereotyped the hoodie

Rep. Barney Frank rarely screens his words, so it didn’t really shock many of us when he made a skewed joke about a hoodie at a university commencement service on Sunday. A man received an honorary doctorate and he happened to be black. Frank happened to put his foot in his mouth.

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Thursday
Jun302011

Run, Timmy, Run—away from taxpayer money

Treasury Secretary Tim Geithner is allegedly considering leaving his post. We volunteer to help him pack. (US Government photo)Word: Treasury Secretary Tim Geithner is thinking about jumping ship. Headlines at media like Drudge (Geithner set to jump ship) and Bloomberg (Geithner said to consider leaving) are an indicator there’s substance to the rumors.

Geithner is allegedly considering departing when Congress and President Barack Obama come to a meeting of the minds on the debt ceiling.

As most seasoned political fans know by now, Obama and his fellow Democrats threw a fit over raising the debt limit under Bush ’43. Obama even said having to do it represented a “sign of leadership failure.”

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Thursday
Jun232011

Dr. Paul clarifies marijuana bill on Kudlow—doesn’t “endorse” use

Groups like the Coalition for Medical Marijuana in New Jersey have been formed in a number of states. New Jersey's medical marijuana law was introduced by Democrats and Republicans. Dr. Ron Paul (R-Texas) clarified details on the marijuana bill he will introduce with Rep. Barney Frank (D-Mass.) and others. Paul talked to Larry Kudlow on CNBC’s The Kudlow Report on Wednesday. The bill is not a blanket legalization bill as numerous media have suggested.

Paul's position relates to the Tenth Amendment.

Paul said the bill would return marijuana to the status that existed in 1937. The legislation, he said, would remove it “from the jurisdiction of the federal government.” The states that chose to legalize it for personal use or for medical purposes would regulate marijuana in a manner similar to alcohol.

Kudlow noted the approach is a Tenth Amendment issue. The debate over marijuana has led some states where the herb is permitted for medical use to prohibit the use because of conflict with federal law.

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Thursday
Mar172011

New consumer bureau examined as Reuters says GOP 'badgered' witness

Elizabeth Warren, currently serving as special advisor to the Treasury secretary for the Consumer Financial Protection Bureau, gave testimony on Wednesday before the House Subcommittee on Financial Institutions and Consumer Credit Committee on Financial Services. Warren provided information about the new agency Democrats Barney Frank (Mass.) and Chris Dodd (Conn.) helped create with their so-called financial regulatory reform bill.

The idea of Dodd and Frank creating regulatory reform can be compared to the fox guarding the hen house, but that’s old news. The duo’s future mischief may be limited. Frank is getting on up in years as we say in the South. Dodd is no longer in Congress—he’s lobbying for Hollywood so he’ll be focused on sweetheart deals for Tinseltown.

Warren told the congressional committee, “Irresponsible lending that encouraged people to buy homes with no realistic hope of ever paying off their loans has now led millions of families into foreclosure and bankruptcy.  If there had been just a few basic rules and a cop on the beat to enforce them, we could have avoided or minimized the greatest economic catastrophe since the Great Depression.  In the future, the new consumer bureau will be that cop.”

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Monday
Jan312011

GOP to hold hearings on GSE reforms—Fannie and Freddie included

Republicans plan to hold hearings in February in hopes of reforming GSEs—government sponsored enterprises like Fannie Mae and Freddie Mac. GSEs are the socialist-progressive model of these times; they’re popular at all levels of government. Bureaucrats and progressive (prog for short) politicians often allude to “public-private partnerships.” That term can easily be interchanged with “crony deals.”

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Tuesday
Jan252011

GOP must fix Fannie, Freddie ignored by Dems

Fannie Mae and Freddie Mac now guarantee all but a small percentage of home mortgages in the U.S.—Reuters said ‘more than 80 percent’ and Citizens Against Government Waste said ‘more than 90 percent.’

These two government-sponsored enterprises (GSEs) are (pardon the rhetoric) ticking time bombs for the US taxpayer. However, the Dodd-Frank Wall Street Reform and Consumer Protection Act touted by Democrats as landmark reform does nothing whatsoever to halt the flow of taxpayer money into the GSEs. As a matter of fact, The New York Times disclosed (according to Money News at Newsmax) taxpayers have funded $160 million in legal fees.

Money News said, “The bulk of the money — $132 million — went to defend Fannie Mae in securities suits and government probes into accounting irregularities allegedly occurring before the subprime meltdown sparked the housing crisis.”

Yet the significance of these GSEs in the housing meltdown is downplayed. No big media outlet will remind the American people some progressive Democrats in Congress blocked action on Fannie or Freddie every time reform was attempted.

The GSE train wreck has been ignored by big media and many in Congress.

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Tuesday
Dec072010

Tax deal hysterics suggest progs are insatiable

Progressives are insatiable. The government gives and gives but they just want more—sort of like my hound dog when he gets a treat. My hound would eat treats until he passes out if we let him. Prog hysterics about President Barack Obama’s concession on some aspects of taxation demonstrate that short of handing the government every nickel we make, nothing is going to make organizations like moveon.org happy.

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Wednesday
Nov032010

Midterms produce power shift, few surprises

I have to confess the Midterm Elections pretty much worked out the way I thought they would. I did believe the GOP would take the US House. I did believe we would gain some seats in the US Senate.

I did not believe Democrat stalwarts like Rep.  Barney Frank (Mass.) would lose a seat, mainly because Frank is entrenched in a state that tends to stick with known brands no matter what they do when they're in a position of power. Frank hasn't had to answer for his actions, but if the voters in Mass. don't care, it's not much of my concern as long as he isn't all powerful. And with the shift in power, he won't quite have the run of the place as he did when he was helping inflate the taxpayer sinkholes we call Freddie Mac and Fannie Mae.

I do confess one of the best moments of my evening came when Marco Rubio won the US Senate seat for Florida.

We will also now have a new speaker of the House and for that I am truly grateful.

In my opinion we will have a more balanced Washington and it is my hope that some of the divisiveness we've seen will lessen.

If you've read my column before, you know how diligently I covered the legislation in this Congress. You also probably know I am a Republican. What you might not know is that I will continue to cover the legislation just as diligently. Our country is facing serious fiscal challenges--the more I dig into government records and information the more troublesome it is.

We can't go to sleep because we got what we wanted.

And I'd like to ask my fellow Republicans to be gracious in victory. I remember some of the commentary directed towards us after the losses in 2006 and 2008. It was pretty rough. I'd hope we can rise above that sort of thing and as Rick Scott says, "Get to work."

I was invited to many celebrations tonight. I love to be around people but I decided to stay home and cover the races from here. I posted updates in three previous columns and this is my last--it's already Wednesday and there is much to do once I get a few hours of sleep.

Congratulations to the candidates who won and to those who ran honorable races. It's a new morning in Florida already and in America as well. We must make the best of it. (Commentary by Kay B. Day/Nov. 3, 2010)