Barney Frank the Banking Queen at it again – Obama stimulus plan too reliant on tax cuts

barney-frank_0.jpgBarney Frank Banking Queen never met a government spending program he didn’t like, at least until now.  While expressing his overall approval for the scope of Barack Obama’s stimulus proposal, Frank told NPR that it relies too much on tax cuts to stimulate the private sector and not enough on government confiscation of capital for redistribution by Washington elites.

Well, OK, he didn’t quite put it that baldly, but he came close:

House Financial Services Committee Chairman Barney Frank (D-Mass.) said Thursday that President-elect Obama’s stimulus plan spends too much money on tax cuts for his taste.

Frank said on NPR’s “Marketplace Morning Report” that he believes the spending package Obama supports will be large enough to help the ailing economy but that he does not entirely agree with how the money will be used.

“I have some difference because I think they may be doing too much tax-cutting and not enough direct spending from the standpoint of immediate job creation,” Frank said.


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January 8, 2009 · Filed Under Barack HUSSEIN Obama, Barney Frank

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