Posted on 02/12/2009 10:26:24 AM PST by Rufus2007
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."
..more (w/video)..
(Excerpt) Read more at newsbusters.org ...
How to turn a recession into a Depression
the Democrats know how
I wonder if Obama is going to issue a Executive Order requiring 100% taxation of all personal income over $24,000 per year, as FDR did.
Never ever forget this: If Barney Frank likes the idea, it’s bad for America.
And he talks funny.
They don’t have to confiscate gold. They can just make sure the banking system, which they now control, refuses to accept gold as a currency...or to regulate it so much that it’s diseconomic.
free houses for everybody....as long as you vote rat
“They dont have to confiscate gold. They can just make sure the banking system, which they now control, refuses to accept gold as a currency...or to regulate it so much that its diseconomic....”
True. As this depression continues to worsen, you’ll see a black market economy start to grow with lots of bartering and Gold will only be part of it. People will trade even if its just at the local levle in order to survive....regardless of what the Obambi says or does.
Barney Frank is one of the most vile and disgusting humans ever to scrape his skin upon the face of the earth. His demagoguery is surpassed only by the obnoxiousness of his visual and aural presence.
Confiscating Gold was done before. It is the liberals who are against private property.
Remember, Barney Frank ran a prostitution ring from his apt.
Frank has lost his beans.
How obnoxious and quintessentially Obama voter is that hostess Rachael Maddow. I mean she a caricature of an over educated limousine NE liberal. Looking down her nose at the rest of us plebes. She is a that rare concoction of mentally deranged militant lesbian, socialists self loather, and pithy female John Stewart wannabe. I caught 5 minutes of her show and her shtick was so tired, humorless and laced with Starbucks- set BDS clichés it was downright boring. At least Christopher Hitchens is cogent and interesting to listen to. Smirking, using multi syllabic words and flaunting your homosexuality does not make you culturally relevant honey.
The Socialists did such a bang-up job their first 75 years taking this country down the debt&entitlement road,, just imagine what they can do in the next 75 years.
I’m worried about the next 2, because I have faith that voters will begin to fix this wrong in the next election cycle. If we make it that long.
That drooling queer should be locked up!
Barney on the loose!
Frank needs to be jailed... asap
The ‘new deal’ extended the Depression for seven years. It would have extended it longer if not for WWII. So we are looking at an indefinite depression and/or War if these policies are used as a template.
Frank & Maddow. Thanks, but I think I’ll pass. I just ate lunch.
Except when it's 1993 and you pass a retroactive income tax increase, eh Bwaney?
Local scrip is already emerging here and in Europe. And some int’l trade is going through as barter.
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