DC Area Boob and chairman of the House Financial Services Committee, Barney Frank (D-MA), has his paws all over the economic apocalypse of 2008. After spending the better part of his career taking campaign contributions from Freddie Mac and Fannie Mae, he said there sheisty lending practices were "not facing a crisis". Since over-inflated housing prices helped pay bigger property taxes for the government to waste more money, Barney continued denying culpability in this modern day crime and even defended his shady policy decisions in a testy exchange with Bill O' Reilly. We all know how this disastrous corruption turned out, as most Americans wonder whether or not there is going to be a Christmas this year.
Now, Barney Frank is kissing the ring of the Messiah to try and salvage his shipwrecked career[AP]:
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 at a time. But the dodge is wearing thin. "He's going to have to be more assertive than he's been," House Financial Services Committee Chairman Barney Frank, D-Mass., told consumer advocates Thursday. Frank, who has been dealing with both the bailout of the financial industry and a proposed rescue of Detroit automakers, said Obama needs to play a more significant role on economic issues.Of course, Barney might have trouble schmoozing with a beloved public figure like The Obama, since the guy is apparently a serious asshole according to the Washington Post. But, just getting a head nod from Obama will mean that incompetent yutzes like Frank continue to get elected. A good deal for those in inner DC circles, shitty for the rest of the country.