{"id":30624,"date":"2008-10-14T01:01:01","date_gmt":"2011-05-19T03:15:17","guid":{"rendered":""},"modified":"2011-05-19T03:15:17","modified_gmt":"2011-05-19T03:15:17","slug":"barney_frank_everybody_rent","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2008\/10\/14\/barney_frank_everybody_rent\/","title":{"rendered":"Barney Frank: Everybody Rent!"},"content":{"rendered":"
\n

RUSH: On Morning Joe today, they interviewed Barney Frank about the mortgage crisis.<\/p>\n

FRANK: We made the mistake of assuming — and I tried to protest against this — but everybody else could be a homeowner. Home ownership is a good thing but for many people in this country decent rental housing is the appropriate forum. And people have said to me, ‘Well, gee, don\u2019t you wish, uh, everybody could own a home?\u2019 I wish I could eat more and not gain weight but I don\u2019t act on that — or at least I do more than I should. <\/p>\n

SCARBOROUGH: (cackles) Suuuure.<\/p>\n

FRANK: I\u2019m — We — we think no better going forward, and in fact with regard to Fannie Mae and Freddie Mac I have been preaching on them and one of the things we did was create an affordable housing rental program.<\/p>\n

RUSH: Whoa! Now somebody\u2019s running for the tall grass as fast as their chubby little legs will carry them here. He\u2019s the guy that pushed everybody out of renting and into homes that they couldn\u2019t afford on purpose, and called it ‘affordable housing.\u2019 We had a guy call yesterday saying that Tom Brokaw said on CNBC that we need to start determining the size of people\u2019s houses. We have the bite. He was talking with the anchorette Sue Herrera. ‘I wonder,\u2019 she said, ‘during the Second World War there was a certain determination they could get through anything, anything. They had this faith that was unshakable. I\u2019m not sure that the Boomer generation has that, or perhaps just hasn\u2019t been tested. This would be the test, certainly, but I wonder if they have that same determination.\u2019<\/p>\n

BROKAW: This is not an overnight sensation we\u2019re going through. There are lasting effects here. There\u2019s a kind of systemic quality in many ways and people are going to have to reorder their priorities. It doesn\u2019t mean we\u2019re going to have to wear sackcloth, you know, and go around and just eat gruel every day. But there has to be a reordering —<\/p>\n

HERRERA: Mmm-hmm.<\/p>\n

BROKAW: — of our financial system and our attitude about debt, about credit card debt and how big a home do you need —<\/p>\n

MAN: Yeah!<\/p>\n

BROKAW: — and how much leverage are you going to [be] prepared to play with.<\/p>\n

RUSH: That\u2019s Tom Brokaw advocating the Marxist socialist position, that we need to really downsize the size of homes. And of course, now, you gotta understand that to people like Brokaw, you\u2019re not smart enough to make the decision how much debt you can take on, and you\u2019re not smart enough to realize how big or small your house ought to be. So they are gonna have to do it for you.<\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: On Morning Joe today, they interviewed Barney Frank about the mortgage crisis. FRANK: We made the mistake of assuming — and I tried to protest against this — but everybody else could be a homeowner. Home ownership is a good thing but for many people in this country decent rental housing is the appropriate […]<\/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: Everybody Rent! - 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\/10\/14\/barney_frank_everybody_rent\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Barney Frank: Everybody Rent! - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: On Morning Joe today, they interviewed Barney Frank about the mortgage crisis. 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