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Frank blasts GOP for siding with China against Bernanke

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cal04 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-22-10 05:48 PM
Original message
Frank blasts GOP for siding with China against Bernanke
Edited on Mon Nov-22-10 06:06 PM by cal04
http://thehill.com/blogs/blog-briefing-room/news/130377-finance-chairman-blasts-republicans-for-siding-with-foreign-central-banks-against-bernanke

(snip)
House Financial Services Committee Chairman Barney Frank (D-Mass.) blasted Republicans in an interview Monday, arguing that the GOP has taken the side of "foreign central banks" in debates over monetary policy.

"What's striking to me, frankly ... you said that Republicans are criticizing Ben Bernanke. That's part of it. The Republicans are joining the Central Bank of China in attacking Bernanke. This is really distressing to me," he told Bloomberg Television's Margaret Brennan.

(snip)
"What they're saying," Frank said Monday, "is that America as the world's leader hasn't got a right to look at our own economic needs and somehow has to defer to everybody else. And I'm appalled by that ... One argument is that this might lower our currency and that's unfair to China. But having China complain about currency manipulation is like being called silly by the Three Stooges."

He added that the "talk radio right wing" would be "shattering the atmosphere" if Democrats took the same position.

video
at 6:30 of the video he discusses this
http://www.bloomberg.com/video/64701602/
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-22-10 05:50 PM
Response to Original message
1. We need to see a lot more of this action!
Bravo!!
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jaxx Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-22-10 05:55 PM
Response to Original message
2. Call those right wing snobs anti-Americans....way to go Barney!!
It's time they get it all back.
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Rectangle Donating Member (437 posts) Send PM | Profile | Ignore Mon Nov-22-10 06:00 PM
Response to Reply #2
3. +1!!! Way to go Barney!! n/t
:thumbsup:
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