TownHall: Thomas Sowell: Is Barney Frank?
You would be hard pressed to find a politician who is less frank than Congressman Barney Frank. Even in an occupation where truth and candor are often lacking, Congressman Frank is in a class by himself when it comes to rewriting history in creative ways. Moreover, he has a lot of history to rewrite in his re-election campaign this year.
No one contributed more to the policies behind the housing boom and bust, which led to the economic disaster we are now in, than Congressman Barney Frank.
His powerful position on the House of Representatives’ Committee on Financial Services gave him leverage to force through legislation and policies which pressured banks and other lenders to grant mortgage loans to people who would not qualify under the standards which had long prevailed, and had long made mortgage loans among the safest investments around.
All this was done in the name of promoting more home-ownership among people who had neither the income nor the credit history that would meet traditional mortgage lending standards.
When it comes to Barney Frank, Thomas Sowell has nailed it. Sowell succinctly exposes Franks’ unmitigated, unapologetic hypocrisy and intellectual [sic] arrogance when it comes to identifying the root causes of the Fannie Mae and Freddie Mac mortgage scam which precipitated the financial and economic meltdown the nation has suffered. That scam was the single match in the brush that soon grew to the catastrophic forest fire we now have suffered. Franks is the poster child for all that is wrong with liberalism masquerading as hope and change.
Enough, already. The voters of Massachusetts would do themselves a gigantic favor – not to mention doing the United States House of Representatives a great service – by voting this political abomination out of office on November 2.
The benefit of Frank’s absence would not be limited to Massachusetts, either. Ousting Frank from the House so that he might return to his private affairs in Boston would be immensely prophylactic to the nation as a whole.
NOTE: Polling has shown that Sean Bielat is within striking distance when it comes to taking back Massachusetts’ fourth congressional district from Frank, and news reports are saying that Bielat is actually leading when it comes to fundraising. If you feel so inclined, please visit Sean Bielat’s campaign site and make a donation.