Thursday, December 4, 2008

Auto Bailout/Barney Frank Need His Oil Changed

Among the many issues and people involved in the financial crisis, the proposed auto-industry bailout and the economic stimulus, one man stands alone in his immature, irrational and radical beliefs.

Dear old friend, Rep Barney Frank challenged President-Elect Obama to become more inolved, despite inauguration day still over a month away.

"He's (President-Elect Obama) going to have to be more assertive than he's been," Frank said at a Consumer Federation of America conference in Washington. "At a time of great crisis with mortgage foreclosures and autos, he says we only have one president at a time. I'm afraid that overstates the number of presidents we have. He's got to remedy that situation."

Mr. Frank is passing the buck of responsibility onto President Bush. Let's not forget that as chairman of the House Financial Services Committee, it was Mr. Frank who played a major hand in our financial mess by enabling Fannie Mae and Freddie Mac to allow people to purchase homes they cannot afford. (See a September Boston Globe column for a great description of this.)

It's unprofessional and demonstrates Mr. Frank does not know his steering wheel from his tailpipe. We would have much more respect for Mr. Frank if he and his liberal colleagues would take responsibility for SOMETHING, ANYTHING and STOP BLAMING GEORGE BUSH FOR EVERYTHING!

It's a two-way street; Congress and the White House work together and we are FED UP with these people's inability to accept responsibility for their own failures.

If our government cannot admit to its mistakes, how can we expect our business leaders to do the same?

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