Barney the dog has left DC

We'll enjoy the memories of his antics. Barney the Frank is still there, marauding through the halls of Congress, looking for plunder, still misleading us into more debt. Barney Frank, the Representative from Massachusetts has done more damage to this nation than the senior senator from that state could ever have imagined.

Rep. Barney Frank asserted Thursday that the Obama administration can be more trusted than the Bush administration to ensure that banks do not misuse money they get from a $700 billion bailout fund. Chicago Tribune

Yes, good ol' Barn. He's the one who told us there was no problem with Fannie and Fred; he's the one with Chris Dodd whose oversite responsibilities got us here along with all the other Democrats and "can't we all get along" Republicans. He's the one who should be brought before Congress to do the mea culpa they are forcing on CEOs.

As my artist friend Charlie wrote, Barney is attempting to "wash his hands and those of the Democrat party of any blame for the mess, and lay total responsibility on the Bush administration and Republicans in General. The truth is that Frank and the liberal left generated the whole problem by coercing financial institutions to make loans to people who couldn't afford them and using their political clout in Fannie Mae and Freddie Mac to cover up the problem. (The loans were nicknamed "NINJA" loans....No Income, No Job or Assets)." Yes, I've written about that many times at this blog, and my man Bush certainly can take part of the blame. Four years ago he was praising the number of new home owners among minorities, pandering to the liberals in his own party and moderate Democrats. Owning a home isn't a "civil right," and there was a very good reason for 20% down and fixed mortgages. Once the government began demanding that banks become social workers and nannies, the scene was set for our current playbook.

If government would stay out of this, we could come out of this recession as we've come out of the last 5 or 6, without a massive Depression, but we're on our way! Wheeee! But now we have a $13 a week payback "to make work pay" for all those who believed in Hope and Change.