TARP has a 10% ROI. Brother, Can You Spare a Dime?
Back in late 2008, I was taking it easy one evening and the phone rang. Brother in law says hey, you watching TV? Well, flip it over on CNBC. Something is going on. I said that CNBC isn’t on at night. It was on this night. Oh my. Worldwide financial meltdown. They rushed out President Bush with Treasury Secretary Paulson to fib and say it | Read More »
Barney’s Bubble Babbling
To hear Congressman Barney Frank tell it, he was a lone voices of fiscal reason when the surge of ill-considered mortgage debt fueled the now-popped housing bubble. Unfortunately for Frank, this is the age of the Internet. Bloggers have proved more than willing to collate inconvenient evidence. Thanks to Ed Morrissey on HotAir.com, then, we have two testimonies of Frank-ish speechifying. Here’s Frank in 2009: | Read More »
Barney Frank wants to cut defense spending by 25% and raise taxes.
This is not an exaggeration or euphemism. This is his intent. NEW BEDFORD — After the November election, Democrats will push for a second economic stimulus package that includes money for the states’ stalled infrastructure projects, along with help paying for healthcare expenses, food stamps and extended unemployment benefits, U.S. Rep. Barney Frank said Thursday. In a meeting with the editorial board of The Standard-Times, | Read More »