Rep. Frank on His Economic Policy Priorities

The Financial Services Committee holds a hearing, "Monetary Policy and the State of the Economy" with Federal Reserve Chairman Ben S. Bernanke. Committee Chairman Barney Frank gives opening remarks on why he feels addressing economic inequality is the most important economic issue of the day.

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News & Politics

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• Democrats
• Congress
• Federal
• Reserve
• Monetary
• Policy
• Economy
• Barney
• Frank

[liveleaker]

I wuv Barney Fwank.

[Dealit707]

Barney Frank is a Socialist idiot.

[averageworkinggal]

Stop letting the illegals in, Barney.

Also, face the reality of global competition from cheap foreign labor sources.

The world has moved away from socialism and toward capitalism and now competes with the US.

That global competition pushes wages but also prices down.

Incomes may be lower but so are prices for many things.

[TaintedhumoR]

i cant listen to this man... not only is he a moron when dealing with a free market... he sounds like he's sucking on a bag of dicks

[kjack5]

kjack5 (1 hour ago)

What we should do is either okay the lawless lending that the 'fed' has already done-adding 300 billion already or take the 'fed' over which is what we should have done many years ago-Bush allocates his responsibility for the war on Generals and now the Congress allocates its responsibility for money to the fed-this is what needs to stop!-no we shouldn't legalize a 700 billion dollar anything!

[ComputerSleuth2]

I appreciate Frank's willingness to question Ben on inflation. I wonder, though, if the Congressman knows that the Fed is the CAUSE of the inflation. If the Congressman has this knowledge, then he is objectively corrupt; if he does not have this knowledge, then he is stupid. Either way, he should be out flipping burgers, as he surely is not representing his constituents.

[Rexanglorum]

You have to give Congressman Frank credit for bein gable to speak rationally to the Chair of the Fed. Far too many politicians use their time with the chairman to turn it into political theater and a soap box for protectionaism. Conressman Frank looked calm, rational and touched on specific points and it looks like Chairman Bernanke agreed with him by cutting rates these last few months.

[bat200]

I wonder what specifically caused the increase in productivity. If unskilled workers productivity didn't grow, why should they expect to see an increase in real wages?

I can pull levers with the best of them, but that doesn't mean I'm going to stop studying engineering. I think that many Americans are finding out that in a global economy, they just don't have what it takes to compete.