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Rep. Frank offers business a 'grand bargain'
Boston Globe ^ | 11-19-06 | Michael Kranish and Ross Kerber

Posted on 11/19/2006 2:52:19 AM PST by xtinct

Representative Barney Frank has proposed in a series of meetings with business groups a "grand bargain" with corporate America: Democrats would agree to reduce regulations and support free-trade deals in exchange for businesses agreeing to greater wage increases and job benefits for workers.

Frank, the Newton Democrat who is in line to chair the House Financial Services Committee, has struck a conciliatory posture with financial-industry leaders in recent years. But since the morning after Election Day, he has moved quickly to lay out an ambitious plan to try to end the political stalemate between Republicans and Democrats on broad economic issues.

"What I want to do is break that deadlock," Frank said in an interview. "A lot of policies that the business community wants us to adopt for growth are now blocked. On the other hand, the business community is successfully blocking the minimum wage [increase] and created a very anti union attitude in the Congress."

(Excerpt) Read more at boston.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: jobbenefits; reducedregulations
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1 posted on 11/19/2006 2:52:23 AM PST by xtinct
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To: xtinct
and created a very anti union attitude in the Congress."

That attitude may be the best thing ever to come out of any congress anywhere, anytime.

2 posted on 11/19/2006 2:56:35 AM PST by bill1952 ("All that we do is done with an eye towards something else.")
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To: xtinct

Further along in the article, one of the things he wants is... govt adminsitered healthcare. SS & Medicare will ruin the country. Let's add another entitlement for ALL... Ugh.


3 posted on 11/19/2006 3:40:18 AM PST by PghBaldy (Reporter: Are you surprised? Nancy Pelosi: No. My eyes always look like this.)
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To: xtinct

Just wait until the country realizes it has put Barney Frank, John Conyers, Alstee Hastings, and Nancy Pelosi in charge of the legislative branch.

The media did not focus on these folks for obvious reasons before the election. Sorry, MSM people are gonna notice now.

It was in many ways a stealth election.

The media won, but now it's going to lose.


4 posted on 11/19/2006 3:41:53 AM PST by kjo
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Comment #5 Removed by Moderator

To: xtinct
Its called fascism.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

6 posted on 11/19/2006 3:45:15 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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Comment #7 Removed by Moderator

To: goldstategop
Its called fascism.

Yep, the nazis basically controlled the German corporations, and what would happen if say a corporation or business does not promote homosexuality.

Can anybody say the iron limp wrist of barney frank.

8 posted on 11/19/2006 3:51:15 AM PST by Dane ("Mr. Gorbachev, tear down this wall" Ronald Reagan, 1987)
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To: xtinct
Representative Barney Frank has proposed...
Now legal in Massachusetts and coming soon to all 50 states.
9 posted on 11/19/2006 4:00:14 AM PST by peyton randolph (No man knows the day nor the hour of The Coming of The Great White Handkerchief.)
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To: PghBaldy

I don't think it would be government health care for all. Consider these quotes:

"A starting point could be health care. Many businesses are trying to shed high health care premiums. Frank hopes that workers and businesses can agree on a government-administered plan paid for by workers that would reduce burdens on businesses, which would pass on savings to employees through higher wages."

"I think employer-paid health care is a mistake," he said. "I think it depresses wages."

"Stephen J. Collins , president of the Automotive Trade Policy Council, which represents Detroit's Big Three automakers, said business leaders would welcome such a discussion with Frank. "Our companies are very open about the fact that they are facing massive competitive challenges of a global nature that need big answers," Collins said. "There has to be a partnership between government and industry to solve some of these problems, and health is one of them."


Looks to me like Barney has in mind the government taking over health care for the auto industry or maybe just those industries with union workers. You know the ones that have bankrupted their employers and now want the government to bail them out in order to be competitive.


10 posted on 11/19/2006 4:18:53 AM PST by DugwayDuke (Conservative have so many principles that they won't even vote for themselves.)
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To: xtinct

that means better paying jobs with great benefits for even less American workers...these people are stupid


11 posted on 11/19/2006 4:19:09 AM PST by wildcatf4f3 (If it weren't for lawyers we wouldn't need 'em)
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To: xtinct

This emperor has no clothes. The next two years could be great for business if the GOP does not start voting with the rats. The stalemate in congress will insure the impotence for two years.


12 posted on 11/19/2006 4:22:30 AM PST by IllumiNaughtyByNature (If a pug barks and no one is around to hear it... they hold a grudge for a long time!)
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To: Dane

Yeah. This sounds like economic fascism to me.


13 posted on 11/19/2006 4:31:39 AM PST by virgil
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To: DugwayDuke
"I think employer-paid health care is a mistake," he said. "I think it depresses wages."

And payroll taxes (SS, Medicare DON'T depress wages? Does he think that people are so stupid as to believe if there were government administered paid health care, nothing would be taken out of their paychecks for it? Well, maybe so.

14 posted on 11/19/2006 4:32:57 AM PST by randita
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To: kjo
It was in many ways a stealth election.

I heard Rush quoting Thomas Sowell about the very issue you mention. Mr. Sowell is supposedly calling this the "ultimate election fraud" - hiding their real agenda.

15 posted on 11/19/2006 4:34:30 AM PST by Hardastarboard (Why isn't there an "NRA" for the rest of my rights?)
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To: xtinct
Democrats would agree to reduce regulations and support free-trade deals in exchange for businesses agreeing to greater wage increases and job benefits for workers.

Beware, corporate America! Barney's deal sounds like a trojan horse (uh, pardon the pun).

16 posted on 11/19/2006 4:39:25 AM PST by SMM48
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To: xtinct

I don't think I want to get out ahead of Barney on this one.


17 posted on 11/19/2006 4:40:11 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: xtinct

"Democrats would agree to reduce regulations and support free-trade deals in exchange for businesses agreeing to greater wage increases and job benefits for workers.
"

Greater wage increases? Why does this moron think that business is off-shoring so much of the labor intensive parts of a corporation? A business is never gonna agree to pay more for expensive local labor. Not unless there is a major, and I mean major net increase as the result of other activity.


18 posted on 11/19/2006 4:47:57 AM PST by ByteMercenary (9-11: supported everywhere by followers of the the cult of islam.)
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To: Hardastarboard
the "ultimate election fraud" - hiding their real agenda.

Isn't that the truth???? Prior to the election, we heard nothing from these people (Pelosi, Frank, Durbin, Reid, Byrd, Leahy, et al)? We heard from decoc rats who were supposed to be moderate. The voters voted that way, not for hard left liberalism......

19 posted on 11/19/2006 4:49:39 AM PST by eeriegeno
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To: jasoncann
This is right out of Atlas Shrugged

Bingo! Barney Frank is playing the roll of Wesley Mouch.

20 posted on 11/19/2006 4:59:01 AM PST by 6SJ7
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