Sunday, November 16, 2008

Unbelievable quote by Barney Frank

Barney Frank is about to vote to spend billions of taxpayer money on an auto industry bailout that is quite likely to be a complete disaster and his thought: ''There's no downside to trying.'' Hey Barney, if this is risk-less, how about we use YOUR money.

House Speaker Nancy Pelosi, D-Calif., said over the weekend the House would aid the ailing industry, though she did not put a price on her plan. ''The House is ready to do it,'' said Democratic Rep. Barney Frank of Massachusetts, chairman of the House Financial Services Committee. ''There's no downside to trying.''

Frank's committee has scheduled a Wednesday hearing on an auto bailout.