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Cheap Political Theater (Thomas Sowell)
Jewish World Review ^ | March 24, 2009 | Thomas Sowell

Posted on 03/23/2009 6:57:21 PM PDT by jazusamo

Death threats to executives at AIG, because of the bonuses they received, are one more sign of the utter degeneration of politics in our time.

Congressman Barney Frank has threatened to summon these executives before his committee and force them to reveal their home addresses— which would of course put their wives and children at the mercy of whatever kooks might want to literally take a shot at them.

Whatever the political or economic issues involved, this is not the way such issues should be resolved in America. We are not yet a banana republic, though that is the direction in which some of our politicians are taking us— especially those politicians who make a lot of noise about "compassion" and "social justice."

What makes this all the more painfully ironic is that it is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television.

No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.

(Excerpt) Read more at jewishworldreview.com ...


TOPICS: Business/Economy; Crime/Corruption; Editorial; Front Page News; Government
KEYWORDS: 111th; aig; bonus; democratbrownshirts; democratcongress; democrats; dodd; frank; sowell; thomassowell
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1 posted on 03/23/2009 6:57:22 PM PDT by jazusamo
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To: abigail2; Alia; Amalie; American Quilter; arthurus; awelliott; Bahbah; bamahead; Battle Axe; ...
*PING*
Thomas Sowell

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Recent columns
GOP Shouldn‘t Seek Approval From The Left
False Solutions and Real Problems
Subsidizing Bad Decisions

Please FReepmail me if you would like to be added to, or removed from, the Thomas Sowell ping list…

2 posted on 03/23/2009 6:59:29 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo

Barney Frank is a despicable POS


3 posted on 03/23/2009 6:59:58 PM PDT by clamper1797 (Zero parcus dies Nero Totus hail FUBO)
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To: jazusamo

Sowell is one of my favorite columnists.

I am sending this one to a LOT of people.


4 posted on 03/23/2009 7:01:39 PM PDT by girlangler (Fish Fear Me)
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To: clamper1797
Barney Frank is a despicable POS

Couldn't agree more!

5 posted on 03/23/2009 7:04:45 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo

Thanks for the ping.

Have you seen this column by denenberg yet? It’s a good one.

http://www.thebulletin.us/articles/2009/03/23/herb_denenberg/doc49c6f7ccaf164641312510.txt


6 posted on 03/23/2009 7:06:28 PM PDT by Canedawg (Congress shall make no law abridging the freedom of speech, or of the press.)
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To: jazusamo

bump!


7 posted on 03/23/2009 7:06:34 PM PDT by fullchroma (I want my country back.)
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To: jazusamo
"What makes this all the more painfully ironic is that it is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television."

Exactly! It is time politicans like Franks be held accountable. And Republicans must call for it.

8 posted on 03/23/2009 7:07:29 PM PDT by TAdams8591 (Bush's recession, Obama's depression.)
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To: jazusamo

Attention liberal morons. Gays, Moochers, Lazy bums and egghead useless idiots. Obama is a tru socialist-marxist. Allow me to remind you of what always happens in a communist society you so fervently crave. There are no freebies to give away! You have to WORK! For crusts of bread. WORK! All you Maynard G. Krebs morons. NO FUN ALLOWED! Still want to be a socialist you stupid dumbass bozos!!!???


9 posted on 03/23/2009 7:07:34 PM PDT by screaminsunshine (!!)
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To: Canedawg

Yes, and thanks for posting the link, it’s a great piece.


10 posted on 03/23/2009 7:08:40 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: clamper1797
“Barney Frank is a despicable POS”

Agree for sure. What's in the water up there in Massachusetts anyway. There's Barney Frank, Teddy Kennedy, and of course we can't forget John Kerry. Wow, now there's a trifecta for you!

11 posted on 03/23/2009 7:08:41 PM PDT by snoringbear (Government is the Pimp,)
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To: clamper1797
Congressman Barney Frank has threatened to summon these executives before his committee and force them to reveal their home addresses— which would of course put their wives and children at the mercy of whatever kooks might want to literally take a shot at them.

Just who the f**k does Barney Frank think he is?

12 posted on 03/23/2009 7:10:20 PM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: screaminsunshine

And another adage............’academia’ are among the first to GO under any fascistic/ communist regime. Can’t have ANY of those supporting ‘critical thinking’.


13 posted on 03/23/2009 7:12:11 PM PDT by RushIsMyTeddyBear (Obama dozed.....people froze.)
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To: jazusamo

Reap the whirlwind Barney...reap the whirlwind.


14 posted on 03/23/2009 7:12:17 PM PDT by Semper Mark (Paranoia is just a heightened state of awareness.)
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To: jazusamo

Thanks for the ping jaz. I get the impression reading this one that Dr. Sowell is quite frustrated with the whole lot of those Moron’s on the Hill.

I second that emotion.


15 posted on 03/23/2009 7:14:58 PM PDT by rockinqsranch (Dems, Libs, Socialists...Call 'em What you Will, They ALL have Fairies Living In Their Trees.)
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To: jazusamo
I don't know why the people summoned before congress show Bawney “The Rimmer” Fwank any respect.

I would just sit there and throw every question back at him.

16 posted on 03/23/2009 7:17:31 PM PDT by Ghost of Philip Marlowe (The Stimulus Package: Preamble to the Democrat's new Declaration of In Dependence)
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To: jazusamo

Chapter 11 would have been best.

The AIG bonuses should been delt with before the latest $30 Billion bailout.

Timmy knew about these bonuses for months before now ?

Many of the bonus were to be paid to non-Americans ?


17 posted on 03/23/2009 7:17:40 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: RushIsMyTeddyBear

Slowly the public is starting to understand. Hopefully not too slowly. We have a Manchurian President. A vast Left Wing Conspiracy. Far Far Left. I can not help but think the Democrats will end up impeaching him to try to save their own butts.


18 posted on 03/23/2009 7:17:57 PM PDT by screaminsunshine (!!)
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To: rockinqsranch

You bet he is, RQSR and he didn’t mince any words in calling out Frank and Dodd, they should both be keel hauled.


19 posted on 03/23/2009 7:19:59 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo
summoning people before their committee to be browbeaten and humiliated on nationwide television.

It would be delicious for one of those folks to absolutely rake Barney Fag over the coals for his shortcomings and genuine stupidity. Would be worth the contempt of congress citation. Hell, I would have it framed. But then again I'm already hold congress in contempt.

20 posted on 03/23/2009 7:22:43 PM PDT by Ouderkirk (Democrats: the party of Slavery, Segregation, Sodomy and Sedition)
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To: clamper1797
We really should drag Barney Frank before the American people and horse whip him. Every member of Congress that mosey’s up to a microphone and advocates unconstitutional actions against private citizens should be put on display on the national mall in stockades. DemoRATs and Republicans alike have descended to the level of heretics.
21 posted on 03/23/2009 7:23:14 PM PDT by bitterohiogunclinger (America held hostage - day 156)
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To: jazusamo

Glad to read Thomas Sowell keeping this front and center. The politicians who played a role in bringing about this debacle need to be exposed and held accountable asap.


22 posted on 03/23/2009 7:23:25 PM PDT by corvus
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To: jazusamo

Mr. Sowell understands.
We, the nation, are at great peril.
Even though the “change” will eventually chew up
those who wrought it, millions will pay a terrible price
for their hubris.
The Red Guard? The Cultural Revolution?
They will have nothing on what is coming.
t.


23 posted on 03/23/2009 7:23:55 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: george76
"Many of the bonus were paid to non-Americans?"

I heard somewhere today that it was the LONDON office of AIG that caused them all the problems....

24 posted on 03/23/2009 7:28:06 PM PDT by goodnesswins (Conservative and fighting for freedom and liberty....whether you like it or not.)
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To: jazusamo
Dr. Sowell had better get a bodyguard or 5.

I am beginning to suspect that we have drastically misunderestimated these people.

25 posted on 03/23/2009 7:31:06 PM PDT by elkfersupper (Member of the Original Defiant Class)
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To: jazusamo
We've been doing this for a couple of decades now. Of course, then it was home addresses of registered sex offenders. And no matter that some have been murdered (at home) due to the publication of this information.

Any "right" (and IS this a "privacy" right under the constitution? I don't think so) you take away from anyone without due process of law is a right you never had (or no longer have).

26 posted on 03/23/2009 7:32:09 PM PDT by Clint Williams (Read Roto-Reuters -- we're the spinmeisters | America -- a great idea, didn't last.)
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To: goodnesswins

Apparently, much of the $170 Billion bailout AIG money has gone to Europe and beyond.


27 posted on 03/23/2009 7:40:54 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: clamper1797

“Barney Frank is a despicable POS”

I agree and yet this POS keeps getting elected so he can push his hetero-phobic, socialist agenda. Just who in MA keeps punching his chad to get him elected into office time after time?


28 posted on 03/23/2009 7:51:57 PM PDT by repubpub
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Comment #29 Removed by Moderator

To: Clint Williams
Agreed...I think Dr. Sowell sums it up perfectly in the last sentence of his piece.

But to put the lives of the wives and children of executives at risk for the sake of Beltway grandstanding shows how low our political saviors have sunk.

30 posted on 03/23/2009 8:16:54 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo

The Soros-funded Working Families Party and ACORN showed up at the homes of AIG executives over the weekend:

http://www.courant.com/news/local/fc/hc-aig-tour-bus-0322.artmar22202310,0,1283060.story

From Working Families Website:

We’re all mad at AIG. Their executives bear a large share of the responsibility for bringing the economy to it’s knees, and now the same folks are getting hundreds of millions of dollars in bonuses — at our expense. Join us for a field trip to bring them the message.

Schedule:

10AM: Pick up in Hartford
(Working Families Headquarters - 30 Arbor St.)

11AM: Pick up in Bridgeport
(ACORN Offices 2320 Main St.)

Tour and Protest
AIG Financial Products headquarters, executives’ houses.

2:30: Return to Bridgeport
3:30: Return to Hartford

http://action.workingfamiliesparty.org/t/4020/petition.jsp?petition_KEY=551


31 posted on 03/23/2009 8:18:19 PM PDT by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: jazusamo

BTTT!


32 posted on 03/23/2009 8:19:19 PM PDT by Earthdweller (Socialism makes you feel better about oppressing people.....)
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To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; george76; ...
Death threats to executives at AIG, because of the bonuses they received, are one more sign of the utter degeneration of politics in our time. Congressman Barney Frank has threatened to summon these executives before his committee and force them to reveal their home addresses -- which would of course put their wives and children at the mercy of whatever kooks might want to literally take a shot at them... What makes this all the more painfully ironic is that it is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television. No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership.

33 posted on 03/23/2009 8:24:37 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/____________________ Profile updated Monday, January 12, 2009)
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To: tet68

I agree that Mr. Sowell understands that our nation is in danger. I wonder what he thinks we should do about it. I wish he would write about that. I feel helpless.


34 posted on 03/23/2009 8:31:16 PM PDT by cookiedough
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To: jazusamo
"No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.

Senator Christopher Dodd has played the same role in the Senate as Barney Frank played in the House of Representatives."

That's why I place these two at the top of the list of culprits. Their role in this should be further investigated, and they should be called in to answer embarrassing and humiliating questions by Congress.

35 posted on 03/23/2009 8:45:11 PM PDT by TAdams8591 (Bush's recession, Obama's depression.)
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To: jazusamo

I had to send Mr. Sowell a note and thank him, he is one the greats!


36 posted on 03/23/2009 8:49:04 PM PDT by gidget7 (Duncan Hunter-Valley Forge Republican!)
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To: TAdams8591

AMEN TA!! BUMP!


37 posted on 03/23/2009 8:50:16 PM PDT by gidget7 (Duncan Hunter-Valley Forge Republican!)
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To: TAdams8591

Exactly right but with the Rats controlling Congress and Pelosi and Reid as the leadership it isn’t going to happen, IMO. Frank and Dodd should be gone, period!


38 posted on 03/23/2009 8:54:17 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: gidget7
"I had to send Mr. Sowell a note and thank him, he is one the greats!'

Bump back at ya. That he is! : )

39 posted on 03/23/2009 8:55:38 PM PDT by TAdams8591 (Bush's recession, Obama's depression.)
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To: jazusamo

Who the hell is Barney Frank that he has such authority?

All joking and insults aside, is he such an incredible expert on these matters that he should be tossing around his considerable weight on these subjects?

If he were not a congressman, would he have the portfolio to get an important job in the banking industry, connections aside, based on merit?


40 posted on 03/23/2009 8:56:21 PM PDT by Darkwolf377 (Obama Fatigue sufferer)
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To: jazusamo

On all counts, agreed. Still the Republicans should call for it to draw attention to them.


41 posted on 03/23/2009 8:56:29 PM PDT by TAdams8591 (Bush's recession, Obama's depression.)
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To: Darkwolf377

I honestly don’t know if he has any expertise in the field, the thing that makes me doubt it strongly is he was a major player in getting us into this mortgage fiasco.


42 posted on 03/23/2009 9:02:18 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: RushIsMyTeddyBear
And another adage............’academia’ are among the first to GO under any fascistic/ communist regime. Can’t have ANY of those supporting ‘critical thinking’.

I think today's academia is safe, not much critical thinking going on there these days.

43 posted on 03/23/2009 9:03:03 PM PDT by upsdriver
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To: TAdams8591

You’re right, the Repubs should push it to the max.


44 posted on 03/23/2009 9:03:07 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo
His degree is in law. I looked on Wikipedia and found nothing in his career that indicates he knows anything about banking.

"In 2003, while the ranking Democrat on the Financial Services Committee, Frank 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."[42] He clarified in 2009 that Fannie and Freddie were not in crisis at the time and many financial institutions, like Lehman Brothers, also fell into crisis from 2003 to 2008.[43]"--Wikipedia

45 posted on 03/23/2009 9:08:24 PM PDT by Darkwolf377 (Obama Fatigue sufferer)
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To: Darkwolf377

Thanks, I have read parts of that in the past. The other thing that I read, and I think it’s for real, his boyfriend or significant other or whatever they called it at the time was a banking official of some kind but I can’t recall how long ago it was.


46 posted on 03/23/2009 9:15:50 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo

Do a search on “Herb Moses” and you’ll have your answers.


47 posted on 03/23/2009 10:11:20 PM PDT by Darkwolf377 (Obama Fatigue sufferer)
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To: jazusamo

The sickest fast is it is the American public that are letting these fools do this.

There was a time they would have been driven out of congress in shame. Today we have no more shame.


48 posted on 03/23/2009 11:36:08 PM PDT by DB
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To: DB

“fast” = “fact”...


49 posted on 03/23/2009 11:38:07 PM PDT by DB
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To: jazusamo

This is the first thing I’ve read all day that makes any sense. And it’s quarter to midnight. Think I’ll end on this note of reason and honesty and go to bed. Thanks.


50 posted on 03/23/2009 11:47:44 PM PDT by baa39
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