This blog post calls him “Bailout Barney” with praise. Were it not for his intelligent involvement, the U.S. Economy may have emerged from the collapse of September 18th, 2009 – when automatic security sales programs overreacted to indicators and drove a selloff of stock so great that an electronic run on banks was caused within minutes, dumping $550 billion – a nation in a deep depression. Instead, the Bailout of both the Banks and the U.S. Auto Industry did work, and while there’s a lot to find fault with in the details of how it all worked, there can be no doubt that it was a much better way than what would have been if people like Presidential Candidate Mitt Romney had their way and did absolutely nothing under the idea that we should let the economy fail.
That’s what Romney said about Detroit at the time, in arguing against an Automobile Bailout.
President Obama and Barney Frank won and we’re all much better off for it.
This blogger will also not forget the way Congressman Frank took on the foolish conservative heckler or video blogger. One such example is in my video. Frank was, well, just Frank. A quality sorely missing in many elected officials.
Barney Frank will be missed.