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Barney Frank On Auto Bailouts, Tells 60 Minutes A Bailout Would Help People, Not Companies
Barney Frank On Auto Bailouts, Tells 60 Minutes A Bailout Would Help People, Not Companies (flag)
www.cbsnews.com — (CBS) Propping up ailing car companies is not what the government's bailout for Detroit's car makers is really about, says the man in the middle of the controversial plan. Barney Frank (D-Ma.), chair of the House Financial Services Committee, insists it is about the individual - saying the ...

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Daily Pundit — Barney Frank On Auto Bailouts, Tells 60 Minutes A Bailout Would Help People, Not Companies - CBS News “No. We’re not propping up companies. That’s your mistake,” he tells Stahl, who had asked him about taxpayer money going to prop up companies that had made bad decisions. “We’re propping up individuals. The world doesn’t consist of companies. The world is people. The country is people.” When Stahl points out that Frank is then talking about welfare, he responds, “Yeah, I’m for welfare. You’re not? Are you for ...

I Hate To Say I Told You So But…
No Runny Eggs — I warned you yesterday that the Auto Industry Financing and Restructuring Act (the auto bail out) had nothing to do with wanting to create a financially viable automotive industry. In an interview with 60 Minutes to be aired this weekend, Barney Frank provided another unusual moment of candor.  He admits to Lesley Stahl that the bailout is not intended to support the economic viability of the auto companies: “No. We’re not propping up companies. That’s your mistake,” he tells Stahl, who had asked him about taxpayer money ...

Next time we debate corporate tax cuts, quote Barney Frank
The Next Right — Barney Frank thinks that companies are people too: "No, we're not propping up companies," Frank insists. "That's your mistake. We're propping up individuals. The world doesn't consist of companies. The world are people. The country is people. And yes, it is possible to argue that the government..." So next time we try to cut corporate taxes to help our competitiveness, don't let him tell you that you are just trying to help companies.

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Frank: Bailout is ‘Welfare’ for Auto Workers — RedState: Conservative News and Community
As usual, Frank is nothing else if not honest : “No. We’re not propping up companies. That’s your mistake,” he tells Stahl, who had asked him about taxpayer money going to prop up companies that had made bad decisions. “We’re propping up individuals. The world ...
Frank: Auto Bailout Will Come Back After Obama Takes Office — CNSNews.com Headlines
The controversial auto bailout proposal will be making a comeback in the upcoming Obama Administration – where it will likely face more favorable political conditions, said Rep. Barney Frank (D-Mass.).
Frank Predicts Second Auto Bailout in March — The Hill's Blog Briefing Room
House Financial Services Chairman Barney Frank (D-Mass.) said Monday that the incoming Obama administration will likely explore a second, long-term bailout of automakers next March. In an interview with CNBC, Frank said a short-term agreement between congressional Democrats and the Bush ...
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Download | Play    Download | Play John Amato: Rachel Maddow talks to Barney Frank about the new deal the Democrats have agreed on which they hope will help rescue the Auto Industry for the time being. Barney said that they will not use money from the existing TARP agreement ...
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AP - Weary Democratic congressional leaders pushed to clear the final obstacles to a $15 billion bailout of U.S. automakers Tuesday night, but the rescue plan faced new snags as Republicans raised deep concerns.