{"id":31344,"date":"2009-01-07T01:01:01","date_gmt":"2011-05-19T02:55:16","guid":{"rendered":""},"modified":"2011-05-19T02:55:16","modified_gmt":"2011-05-19T02:55:16","slug":"barney_turns_on_his_media_buddies","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/01\/07\/barney_turns_on_his_media_buddies\/","title":{"rendered":"Barney Turns on His Media Buddies"},"content":{"rendered":"<section>\n<p>RUSH: Barney Frank. I want to go to yesterday\u2019s audio sound bite roster. Actually, we have stuff from today and yesterday. Yesterday he was on with Chris Cuomo on Good Morning America, and I\u2019ll tell you, Barney is getting more and more contentious with his buddies. I mean, the people in the Drive-By Media are Barney\u2019s buddies, and he\u2019s getting contentious with them, often for no reason (which means he\u2019s defensive). But first from MSNBC today, Joe Scarborough\u2019s morning show. Scarborough said, &#8216;How do we stop the next big bust on Wall Street? We had the \u201987 crash. We had the Asian crash. We had the dotcom crash and the telecom crash, and now we got the housing bubble crash.\u2019 I\u2019ll tell you the next crash. I just said, folks. We are insane. It was just two months ago that we learned that massive debt that can\u2019t be repaid causes bubbles to burst big time. And now we\u2019ve got trillion-plus dollar or trillion-dollar deficits, promised by Obama, for years. So that\u2019s the next one to bust, and Scarborough is asking Barney Frank, &#8216;How do we figure out what the hell we\u2019re doing on Wall Street?\u2019<\/p>\n<p>FRANK: It\u2019s not deregulation. That was the problem. It was the failure to adopt new regulation for a new phenomenon, the securitization. The biggest part of this problem was subprime loans: money lent to people to make them homeowners who couldn\u2019t afford the loans, who should not have been considered to be, in many cases, capable financially of homeowning. Now&#8230; Eh&#8230; You\u2019ve gotta recognize reality. We have begun to adopt legislation to prevent that. We can stop the last problem from recurring. Nobody can know what the next problem will be.<\/p>\n<p>RUSH: This is&#8230; (laughing) He created the problem! This&#8230; Folks, this is more than chutzpah. He created the problem. This is a sound bite that gets you out of your chair. I don\u2019t believe I just heard this. He created it. His definition of &#8216;affordable housing\u2019 was to make sure that people who couldn\u2019t pay the loans back got the loans, the mortgages. He forced Fannie Mae, Freddie Mac to do this. ACORN was involved, Obama\u2019s group. This was a Democrat Party operation through and through! Instead of answering questions from Joe Scarborough, Barney Frank ought to be answering them as a witness before some other congressional committee. So now we have begun to adopt legislation to prevent this? (laughing) All you can do is laugh. I know some of you people are put out with me because I\u2019m laughing at this, but what are we going to do? You can\u2019t go through your life angry all the time like the liberals do, but this&#8230; Okay, let\u2019s move on to Good Morning America with Chris Cuomo and Barney Frank. In the first sound bite, Cuomo says, &#8216;You Democrats say you\u2019re gung-ho, talking huge numbers in this stimulus plan. But in light of all the spending that\u2019s been done already with the questionable results&#8230;\u2019 And, by the way, that\u2019s a good point. All this stimulus spending, are where are the results? Where is the economy roaring back? Question to Frank: &#8216;[W]hat gives you the confidence that you can pass this new stimulus?\u2019<\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125110.Par.89380.ImageFile.jpg\" width=\"238\" height=\"158\" class=\"alignright\"\/>FRANK (speaking unclearly): The Bush administration came to us and said, &#8216;If you don\u2019t give us 700 billion right away there will be a collapse.\u2019 Now, we have a problem because the initiative is with the administration. But hasn\u2019t been 700 billion. We did vote the authorization but we said that after they\u2019ve spent the first half, they were going to have to notify Congress before they could spend the second half. We are sufficiently dissatisfied with what the Bush administration did with the first half &#8212;<\/p>\n<p>CUOMO: But, Mr. Chairman&#8230;<\/p>\n<p>FRANK: &#8212; the second 350 is frozen and is not being spent. Until we come to some agreements with the Obama administration about how to spend it.<\/p>\n<p>RUSH: Now, just be cool, because it isn\u2019t going to be long before they can\u2019t blame Bush anymore. Bush was sold a bill of goods by Hank Paulson, who is a Democrat. This is just history revision right before your very eyes. They then had this exchange. <\/p>\n<p>CUOMO: Your title is Chairman of the House Financial Committee, I mean, certainly this isn\u2019t just about you looking to the administration. You have a role in this also. <\/p>\n<p>FRANK: Well, one&#8230; Technically&#8230;<\/p>\n<p>CUOMO: You approved the TARP plan. You approved the spending, and the question is: &#8216;Where is the accountability? Do you know where that money went?\u2019<\/p>\n<p>FRANK: Well&#8230; I\u2019m trying to explain that. Yuhheehhh&#8230; No, in part we don\u2019t, and here&#8230; First of all, it\u2019s not just a technical thing since you\u2019re stretching the title. It\u2019s the financial services committee. I say that because there is a Senate finance committee that deals with taxes. Yes, we know in part where it went. We are unhappy with that. We set up a mechanism to monitor it. And because we are unhappy with it, we have frozen the second half of it. The other thing I would say is &#8212;<\/p>\n<p>CUOMO: But just think about that, as a taxpayer sitting out there, Mr. Chairman.<\/p>\n<p>FRANK: I\u2019m, sorry. (growing angry) I\u2019m sorry! If you KEEP! If you keep interrupting, we can\u2019t have a coherent conversation. These are not subjects that can be answered in 18 seconds.<\/p>\n<p>RUSH: (laughing) It happens in every interview! (laughing) He turns on his friends and he accuses them of being incoherent when we can\u2019t understand half of the words Barney\u2019s saying! And he accuses Chris Cuomo of being incoherent! (laughing) And then it led to this.<\/p>\n<p>CUOMO: American taxpayers hearing all this &#8212; $10 billion in bonuses, Goldman Sachs and Morgan Stanley alone &#8212; you seem to be saying that you\u2019re powerless in this. Why should they have confidence in the new administration?<\/p>\n<p>FRANK: No, I\u2019m not sure saying that!<\/p>\n<p>CUOMO: Why should they have confidence in the new administration?<\/p>\n<p>FRANK: Excuse me. I\u2019m sorry. This is terribly distorted. I didn\u2019t say I was powerless! I don\u2019t think &#8212;<\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125110.Par.4584.ImageFile.jpg\" width=\"300\" height=\"431\" class=\"alignright\"\/>CUOMO: You said the administration proposed it, that there\u2019s a method of doing things, that you didn\u2019t like it but that\u2019s the way it is.<\/p>\n<p>FRANK: No, I\u2019m sorry, you\u2019re&#8230; This is the worst kind of distortion! In the first place, I don\u2019t think it\u2019s powerlessness to say, &#8216;Instead of spending 700 billion, you\u2019re only going to be able to spend half of it and we will freeze the second half.\u2019 That\u2019s not powerlessness! I don\u2019t think freezing $350 billion is &#8212; is &#8212; is not doing anything, and holding it until the Obama people get there. And I &#8212; if you think that Congress can simply take over and run the program, that simply isn\u2019t the way the American Constitution works.<\/p>\n<p>(playing of Banking Queen song.)<\/p>\n<p>RUSH: Well, it certainly was the way the subprime mortgage thing went down! It certainly was the way. Congress was in charge of telling Fannie Mae and Freddie Mac what to do. Barney was leading the way, folks. He was &#8212; and is &#8212; the Banking Queen! <\/p>\n<p>(playing of Banking Queen song.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: Barney Frank. I want to go to yesterday\u2019s audio sound bite roster. Actually, we have stuff from today and yesterday. Yesterday he was on with Chris Cuomo on Good Morning America, and I\u2019ll tell you, Barney is getting more and more contentious with his buddies. I mean, the people in the Drive-By Media are [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Barney Turns on His Media Buddies - 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:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2009\/01\/07\/barney_turns_on_his_media_buddies\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Barney Turns on His Media Buddies - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: Barney Frank. I want to go to yesterday\u2019s audio sound bite roster. Actually, we have stuff from today and yesterday. Yesterday he was on with Chris Cuomo on Good Morning America, and I\u2019ll tell you, Barney is getting more and more contentious with his buddies. 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