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cbsnews.com - 12/12/2008

Barney Frank On Auto Bailouts, Tells 60 Minutes A Bailout Would Help People, Not Companies

— 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 ... (more) Barney Frank On Auto Bailouts, Tells 60 Minutes A ...

Congress

Barney Frank

CBS

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psa.blastmagazine.com - 12/5/2008

Barney Frank: Comedic Genius

— psa.blastmagazine.com — Just yesterday Rep. Barney Frank (D-Mass.), the House's resident comedian, gave these two gems to the AP about the need for Obama to be more assertive in the economic crisis: Frank, who has been dealing with both the bailout of the financial ... (more) Barney Frank: Comedic Genius

Congress

Barney Frank

Shelley Moore Capito

Comments vote downundo vote up Ben Smith's Blog found this 12/5/2008found this

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huffingtonpost.com - 12/5/2008

Democrats Growing Impatient With Obama's Lack Of Assertiveness On Economy

— huffingtonpost.com — WASHINGTON — Democrats are growing impatient with President-elect Barack Obama's refusal to inject himself in the major economic crises confronting the country. Obama has sidestepped some policy questions by saying there is only one president ... (more) Democrats Growing Impatient With Obama's Lack Of ...

White House

Barack Obama

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Barney Frank Predicts Second Big 3 Bailout
RedState: Conservative News and Community — ... that the Big 3 will need hundreds of billions in taxpayer money to get back on their feet.  Today he informs us that the $15-$18 billion currently under discussion ought to be enough to get Detroit to February, at which point a more Democratic Congress and a ‘friendlier’ White House will provide another check to be paid for by our grandkids: ...

Monday's Mini-Report
Political Animal — ... MINI-REPORT.... Today's edition of quick hits: * A good day on Wall Street, with the Dow closing up nearly 300 points (3.46%). The other indexes did even better, with the S closing up 3.84% and the Nasdaq up 4.1%. * We're apparently about this close to a deal between the White House and congressional Democrats on a short-term bailout of the auto industry. * On a related note, I'm not at all sure we need an " auto czar ." * Even with this package, some, including Barney Frank , expect to return to this issue in March. * The Tribune Co. filed for ...

A Bridge To Nowhere
No Runny Eggs — ... allows them to pay it back. Of course “not knowing where they are going” doesn’t stop Congress from making demands along the way.  Rather than ensuring a reorganization of the automakers that would focus on developing a profitable business, Congress is focused on enforcing their “Green Dream” on the industry and thereby ensuring that the money lent to them will never be repaid. Barney Frank had a moment of candor regarding the farcity of calling the $15 billion a “bridge Loan”: “We don’t ...

63% Of Americans Supported Bush’s Bailout Of The Auto Industry
Say Anything — ... If anything, this just illustrates how ill-informed the public is about this bailout.  Remember that the auto industry wanted this bailout to keep them solvent until March.  The respondents to this poll say no more bailouts after this one.  If we follow through with that, what we’ve essentially done is spend about $17 billion on having the auto companies go bankrupt in the spring instead of the winter. ...