RUSH: I have two more sound bites here for you. I want you to listen to these. The first day of this Congress, January 4th, 2007, Barney Frank, the first day of the 110th Congress, first day, January 4th, 2007.
|FRANK: We can’t continue to have economic growth that is concentrated in the hands of a few. In America we are becoming more and more unequal. Some inequality is necessary for a capitalist system but we’ve gone way beyond that, and the average working person, we’re talking 80% of the population has seen an erosion in his or her economic position rather than advance. Specifically, I hope to deal in part with the housing crisis, by the way. The committee that I’ll be chairing that has jurisdiction over housing and we hope very much to do an increase in the housing stock, so housing becomes affordable both for low-income people but also for people in the moderate income range.
RUSH: He wants to increase housing stocks, is that what I heard him say? Cookie had a rush job on this audio. We didn’t have time to transcribe it all. But here you go. ‘I hope to deal with the housing crisis so that housing becomes affordable for low-income people.’ This was his goal. What has happened was his goal, meaning getting a bunch of people into houses who couldn’t afford the mortgages. Here’s another bite from the same speech.
FRANK: I do believe that it’s time for us to rein in these outrageous corporate CEO settlements in the hundreds of millions of dollars. It’s reached a point where it’s not simply envy that makes us upset about them. When Lee Raymond retires from ExxonMobil and gets $400 million and then that company stiffs its pension fund, we’re talking about a real economic consequence. You cannot pay a handful of people so many billions of dollars and not have it impinge on what’s available for other people. We’ll be addressing that.
RUSH: Okay, Barney Frank on the first day of this Congress laid out the agenda, and he’s got it! He’s got his collapse. I don’t think he thought that would happen. Maybe he did. Folks, you get what you deserve. And when you elect Democrats to run the show — ask ’em in Louisiana, ask ’em in Michigan, ask ’em in Detroit. Victor Davis Hanson is right. You keep sending these same people back there, you deserve ’em. It’s insane to keep criticizing them when you know that they’re going to do what they do because they’ve done it their entire careers.