Thursday, October 21, 2010

Barney Frank (D-Goldman Sachs, Fannie Mae, AIG) in trouble?

Maybe there's a little good ole fashion populist Irish and Swamp Yankee rebellion in Massachusetts. Barney Frank, one of the major architects of the mess leading up to the bailout, as well as the bailout itself, is in trouble. While this district heavily leans democrat and has since the 1980's, it did vote for Scott Brown, and I believe Mitt Romney.

From the Boston Herald


Gleeful Tea Partiers are licking their chops at a panic-stricken Barney Frank, who’s digging deep into his own pocket to bail out his campaign, even as his rival taps Wall Street bigwigs in a bid to force the Newton Democrat into a Martha Coakley-style collapse.
“He sees the writing on the wall — he could lose this election,” said Christen Varley of the Greater Boston Tea Party. “I think he’s realized— I hope too late — that he has a viable challenger and his constituents are not happy.”
Frank — outraised by $70,000 by opponent Sean Bielat in September — pumped $200,000 from his personal retirement account into his campaign to thwart what he calls right-wing attacks from “bigoted” Tea Partiers.



More than anyone else, two people need to be gone after this election. Target number one needed to be Chris Dodd. He's retiring. Good Riddance. The other is Barney Frank. Sean Bielat is giving Frank his toughest run in a long, long time. Frank is polling under 50%, and is up by less than 10 in the last poll I've seen. No more bailouts, and no more Barney Frank.

Why?

2003: ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

1 comment:

Communications guru said...

The “major architects of the mess leading up to the bailout,” and by far the biggest was George Bush. But the one sentence really says it all. Frank’s opponent “…taps Wall Street bigwigs.” Wall Street didn’t like regulation before the Bush recession, and they don’t like it now. It’s a shame you’re just a stooge for Wall Street.