More Socialist-speak from the Left. Note how he says he’d have more influence over a President Obama than a President McCain. Something to think about when you cast your ballot.
Bartiromo: Alot of things to pay for here and this second stimulus is being talked about at $300 billion. If, in fact, we were to see something like that move forward, are you going to encourage Senator Obama and Senator McCain to change their tax and spending plans in order to pay for all this?
Frank: Well I do think in this case… Let me say, my encouraging will probably have more impact on Senator Obama than Senator McCain.
Bartiromo: So do you want to encourage him to pull in his spending plans?
Frank: Well I think at this point, there needs to be an focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat. I do think this is a time for a very important, kind of, dose of Keynesianism. Yes, I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money.
Barney Frank, Chairman of the House Financial Services Committee, who’s boyfriend was a Fannie Mae executive that stood to gain from laws passed by Frank’s committee, and who looked the other way when Republicans were trying to investigate and regulate Fannie Mae/Freddie Mac, the organizations behind the economic collapse, is now suggesting that we need to take more money from hard-working Americans and push the bailout plan he’s partly responsible for to $1 trillion.
Just a taste of things to come if Democrats gain unfettered control of Washington.