Skip to comments.Barney Frank and the Law of Unintended Consequences - Again
Posted on 09/24/2008 8:21:00 PM PDT by Chuckmorse
During the course of my campaign for Congress against Rep. Barney Frank in 2004, I learned that the liberal icon had authored a law that struck down the exclusion clause to the immigration act. According to Clinton Administration director of the CIA James Woolsey, this law "had made it illegal to deny visas to members of terrorist groups." Frank had thrown open the floodgates to anti-American Islamic extremists who proceeded to recruit terrorists, raise funds for foreign terrorist organizations, and eventually blow up the twin towers on 9/11. I asked Frank why he created this law, one of the stupidest in modern American history, during one of our debates and he replied that he wanted to help Gabriel Garcia Marquez, the left-wing Columbian author of "Memories of my Melancholy Whores" come to the US to tour American Colleges.
Well it looks like Frank has done it again.
Apparently President Bush, along with reformers in Congress, had repeatedly tried to reign in the taxpayer subsidized mortgages that were being handed out by Fannie May and Freddie Mack, mortgages that were handed over to people who would not otherwise qualify. Frank worked to keep the mortgages flowing and stopped any attempt to interfere while pressuring banks to lower their standards regarding who would qualify for a mortgage. In 2002, Frank told the Wall Street Journal " I do not regard Fannie May and Freddie Mack as problems." Frank expressed no concern over whether the recipients might default, whether the subsidies were artificially inflating property values, or whether his actions was placing the entire economy at risk. Frank viewed the mortgages as a back door to welfare.
Now Frank wants the taxpayers to bail out the mortgage mess that he and his liberal cohorts created to the tune of 75 billion and he wants the mortgages to keep flowing along with more taxpayer funded welfare guarantees. With a long legislative record of coming up with ways to attach welfare benefits to existing structures such as social security, healthcare, and housing, Frank has weakened the economy and by doing so has not actually helped those he intended to help.
Frank turned the tables by criticizing the Bush Administration support of the Patriot Act which was sadly needed due to the destructive consequences of the Frank amendment. Now, Frank is turning the tables on Republicans again by criticizing the banks for giving the mortgages that he had coerced them to give in the first place. The rest of us are left picking up the pieces after the incineration of the twin towers, the loss of freedom, and the weakening of the value of the workingman's dollar. What public policy area will Frank dabble in next?
I lived in MA for many years and know Barney’s track record well. The one thing that has hit me every election is the incredible stupidy of the MA voter when it comes to their elected officials. Frank, Kennedy, Dukakis, Studds...it NEVER ends!
What the heck do you expect from a turd burglaring butt pirate like Frank? The guy’s mind is a soft as his pallet for hot young boys. Massachusetts is owned and operated by Queers R Us... that is why I left the dung hole. You do not know what stupid is until you speak to a Bostonian... They make Homer Simpson look intelligent by comparison.
Wow. Just wow.
Barney Frank was on Gretta tonight. That’s like having OJ on during his murder trial, asking him how the trial is going.
It is so strange that the most barrel chested, beer drinking, racially divided cities (Boston) elects such clown politicians.
I sort of understand Teddy Kennedy as the JFK/RFK connection identity is being preserved...but I lived there from ‘87 to ‘93 and saw insanity via the political process.
He was also on Charlie Rose last night, saying “regulation” no less than 25 times.
This sick Sodomite is a culpable as anyone, but the Liberal media looks to him to fix the mess HE created.
Isn't that a song from the turn of the century?
Memories Of My Melancholy Whores (1912)
Come to me my melancholy whore,
Cuddle up and don't be blue . . .
All your fears are foolish fancy, maybe
You know dear that I'm in love with you!
Every cloud must have a silver lining
Wait until the sun shines through
Smile my honey dear, while I kiss away each tear
Or else I shall be melancholy too!
I came to believe that the problem with MA politics was that academic “black hole” of a corridor- from Boston, through Worcester to Springfield, ending at that hippie haven, the Berkshires.