{"id":30485,"date":"2008-09-24T01:01:01","date_gmt":"2011-05-19T03:20:08","guid":{"rendered":""},"modified":"2011-05-19T03:20:08","modified_gmt":"2011-05-19T03:20:08","slug":"barney_frank_we_ll_be_your_landlord","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/09\/24\/barney_frank_we_ll_be_your_landlord\/","title":{"rendered":"Barney Frank: We\u2019ll Be Your Landlord"},"content":{"rendered":"
\n

RUSH: Okay, more audio sound bites. And, ladies and gentlemen, we have four of them coming up with the esteemed Barney Frank (Democrat-Massachusetts). Barney used to be a regular fixture on this program with frequent utterances and scandals himself involving — what was it that was going on in his basement with his boyfriend? Oh, yeah, the prostitution ring going on. The rumor is — it was straight-up prostitution, but — patrolling schools, right, and so forth. It was going on in Barney\u2019s basement, Barney did not know about it. And Barney was fixing the parking tickets that were needed to park in front of the house here where stuff is going on, and he didn\u2019t know about it. Anyway we had a Barney Frank update. Dadelut dadelut dadelut dadelut. This is it. <\/p>\n

(playing of My Boy Lollipop) <\/p>\n

(song continues) <\/p>\n

RUSH: (slurping)<\/p>\n

(song continues)<\/p>\n

RUSH: Quick, who did the song? You know the artiste here? Maimone knows it. He\u2019s not allowed to play. I think it\u2019s 1965. It was Millie Small, not to be confused with P. Diddy. <\/p>\n

(song continues) <\/p>\n

RUSH: (slurping)<\/p>\n

(song continues)<\/p>\n

RUSH: Okay, that\u2019s our Barney Frank update theme. Let\u2019s go to the audio sound bites. Yesterday I pointed out to you that Democrats Chuck Schumer targeting home ownership as the problem here: ‘The lowly mortgage has brought our economy to its knees.\u2019 Last night on PBS, the Charlie Rose Show, he talked to Congressman Frank. Charlie Rose said, ‘Who is representing the vast middle class here who faces these kinds of foreclosures? Where is that voice at the table?\u2019<\/p>\n

FRANK: Well that\u2019s, frankly, the Democrats, some Republicans. We are the ones who have said, ‘Look, we\u2019re going to buy up some of these assets,\u2019 and many of them will be mortgage securities. What we\u2019re saying is, ‘Buy them with an eye towards assembling enough of them so we then could be the landlord, in effect, and reduce the foreclosures,\u2019 and that\u2019s one, frankly, that the administration has been resisting.<\/p>\n

RUSH: Thank God! He just said the federal government — he, Barney Frank — they want to be the landlord! They want to buy up enough these mortgages so that they can be the landlord. They own; you rent. Folks, this is one of the guys that caused this. And then Barney, he wasn\u2019t through. Same show, Charlie Rose, he continued.<\/p>\n

FRANK: When we talk about the large amounts of money, it\u2019s not simply that we\u2019re jealous because they\u2019re getting too much money. It has a bad effect on their behavior. We have what\u2019s called ‘a perverse incentive.\u2019 In many of these corporations if the CEO and the top people make a bet on a certain risky investment and it pays off, they get a bonus. If it doesn\u2019t pay off, they don\u2019t lose anything.<\/p>\n

RUSH: Well, now, that sounds remarkably similar to certain aspects of the US tax code, doesn\u2019t it? I mean, do I get to deduct stock losses? I don\u2019t think so. At any rate, we\u2019re back to the executive pay. CEOs have ‘a perverse incentive\u2019 and has ‘a bad effect on their behavior.\u2019 So now Barney Frank wants the government to become your landlord and he wants the government to be in charge of the behavior of CEOs. Yesterday on CNBC Erin Burnett talked to Barney Frank, and said, ‘Is it clear that Henry Paulson doesn\u2019t want all those restrictions in this current bill?\u2019<\/p>\n

FRANK: I understand and I — I admire Secretary Paulson a great deal, but on this one asking him to accept any kind of compensation limitations is just kind of like asking the rabbi to eat bacon on Yom Kippur. He — he — he starts to just really start to overreact.<\/p>\n

RUSH: They don\u2019t want any limitations on executive pay. (interruption) Bacon on Yom Kippur. Yeah, they start to overreact. Yeah, that\u2019s what he did, asking a rabbi to eat bacon on Yom Kippur, he starts to overreact. So he said Paulson was overreacting yesterday to the desire by Democrats to control even more of the private sector. We are talking about the private sector. They are the ones that broke this. The scandal is inside the doors at Capitol Hill, transferred to Democrat cronies at Fannie Mae and Freddie Mac — which were partially under government auspices anyway, even though they insult our intelligence and tell us that they were private sector businesses. This is where we\u2019re headed if the Democrats get their way. They screw it up, and they get to control it even more!<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Okay, more audio sound bites. And, ladies and gentlemen, we have four of them coming up with the esteemed Barney Frank (Democrat-Massachusetts). Barney used to be a regular fixture on this program with frequent utterances and scandals himself involving — what was it that was going on in his basement with his boyfriend? Oh, […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nBarney Frank: We'll Be Your Landlord - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2008\/09\/24\/barney_frank_we_ll_be_your_landlord\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Barney Frank: We'll Be Your Landlord - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Okay, more audio sound bites. And, ladies and gentlemen, we have four of them coming up with the esteemed Barney Frank (Democrat-Massachusetts). 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