Tuesday, October 19, 2010

Barney Frank doesn't remember his own lies about housing industry

Liberalism is a Mental Disorder: Savage SolutionsI heard a great piece on the radio yesterday that had Barney Frank talking out of both sides of his mouth.  I know hearing him talk out of both sides of his mouth  will come as no surprise but it did reveal a monumental flip flop. 
It was on the Michel Savage Show. http://www.michaelsavage.wnd.com/
They  played his comments during the housing boom and then played some of his more recent comments regarding who was at fault for the current collapse of housing. 

It was just like clock work with him first saying that there was little risk of major losses in real estate and that he would continue to push for more and more home ownership through programs and policy.  He was really a major player in the attempt to push home ownership in the United States over 70%.  For years he would push his agenda and what he thought that it was best for the government to insure more loans on more and more borrowers with less and less resources with less strict rules on qualification standards.

Now he is say that he never thought promoting home ownership was a good idea.  He went on to say that he was totally against any home affordability programs and that the government should have been involved in creating affordable rental property for lower income citizens. 

I was a complete 180 degree turn around from what his original position was a few years ago.  If he would have said after seeing what happened recently I have changed my position I could accept his flip flop.  However, trying to lie about it, or having that bad of a memory that you can remember what your own policies are then I think you should not be in congress decided the fate of millions of Americans.

The Enemy Within: Saving America from the Liberal Assault on Our Churches, Schools, and Military

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